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December 1, 2014 London, England [Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] So the Swiss have decided not to force their central bank into underpinning its reserves with harder assets than increasingly worthless euros. At least they had the chance to vote. But in the bigger picture,
November 28, 2014 Santiago, Chile Walking down the streets of Constantinople in the early Middle Ages, you would have immediately felt the energy and prosperity. Constantinople was one of the wealthiest, most advanced cities in the world, and some historians estimate its population could have been as high as 500,000 people. Byzantine architecture
November 28, 2014 Bali, Indonesia [Editor’s Note: This missive was penned by Sovereign Man’s Chief Investment Strategist Tim Staermose] I spent two days in China earlier this week. Among other things, I wanted to get a feel for where people on the ground see the currency heading. My personal view is that, as
November 24, 2014 Santiago, Chile Science is about truth. It’s about fact. It’s about forming hypothesis and either proving or disproving that hypothesis through what we can observe, test, and measure. For thousands of years it’s been through this method that humanity has progressed. And history shows that every time “authorities” get involved,
November 24, 2014 London, England [Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] On Monday 15th November 2010, an open letter to Ben Bernanke was published: “We believe the Federal Reserve’s large-scale asset purchase plan (so-called “quantitative easing”) should be reconsidered and discontinued. We do not believe such
November 24, 2014 Sovereign Valley Farm, Chile Gallup recently conducted a poll asking Americans to rate thirteen of the most visible agencies/quasi-agencies of the United States government. These included: US Postal Service (USPS) Federal Bureau of Investigation (FBI) Central Intelligence Agency (CIA) Department of Homeland Security (DHS) National Aeronautics and Space Administration (NASA)
November 21, 2014 Santiago, Chile John Lynn was bound and gagged, as the angry mob tied him to a tree and poured a barrel of scalding hot tar over his freshly shaven head and coated him in feathers. It was June 1794 and the crowd was absolutely frantic. They were taking justice into
November 20, 2014 Sovereign Valley Farm, Chile As we discussed yesterday, the world has certainly gotten itself into a serious pickle. World population growth and economic trends are causing food demand to soar. Demographers tell us that over 200,000 people will be present at the dinner table tonight who weren’t even alive yesterday.
November 19, 2014 Sovereign Valley Farm, Chile More than six thousand years ago, the most advanced civilization on planet was Sumer, rulers of the fertile plains of ancient Mesopotamia in modern day Iraq. The Sumerians weren’t powerful from their military strength or political system; rather, it was agriculture that developed their civilization. Quite
November 19, 2014 Sovereign Valley Farm, Chile Tan Nguyen was stopped on the highway for driving three miles over the speed limit. The policeman searched the car and found a briefcase of money that Tan said he just won at a casino. There weren’t any drugs to be found, but suddenly the cop
November 18, 2014 Sovereign Valley Farm, Chile When the two young petty thieves, Rinconete and Cortadillo, came to Seville they were quickly censured for stealing. To their surprise, it wasn’t for the theft itself, but instead because they were not registered with the local thieves’ guild. In this upside-down world imagined by Miguel
November 18, 2014 Santiago, Chile Walking across a bridge with ornate classical Roman sculptures trimmed in gold, I turned down a little Italian street to meet up with a friend for lunch. As the aroma of pizza wafted around me, I couldn’t help but feel that something was out of place. It wasn’t
November 17, 2014 Sovereign Valley Farm, Chile Something is dreadfully wrong with this picture. In a report just released today by the National Center on Family Homelessness, a team of academics has demonstrated that the number of homeless children in the Land of the Free now stands at 2.5 million. This is far
November 12, 2014 Santiago, Chile Thousands of years ago whenever the Pharaohs of Ancient Egypt passed away, they were buried with all of their gold in a specially constructed tomb. The idea was to ward off thieves with booby traps and other perils so that these perceived demigods could enjoy their riches for
At USD $1160, a lot of gold owners are looking at the paper price right now and panicking. The conventional wisdom is that, because it takes fewer pieces of paper to buy an ounce, gold is a bad ‘investment’. This isn’t the right idea. It shouldn’t be viewed as an investment at all.