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Gold is quickly reaching the mania phase in China, and there are clear signs of it on the ground. About a month ago, we reported that for the first time ever, the Chinese government is promoting gold and silver as investments. And by “promoting,” we meant cramming it down people’s throats. We knew
If you’re an entrepreneur and want to make an absolute fortune, you need to head to Asia. The last several weeks on the ground here have only reinforced my long-held premise that Asia’s economies represent vast, wide open potential. These economies are growing, and shall continue to grow thanks to solid macroeconomic fundamentals
There are a lot of people in the financial community, including a few notable figures, that are highly bearish if not outright suspect of China’s growth. I’m always puzzled by this opinion. I’ve been to the country several times before and keep regular tabs with influential players and insiders, and my own assessment
Today I found out first hand how much Chinese are looking to avoid taxes. I attended a conference today sponsored by the government of Labuan, Malaysia at the Grand Hyatt here in Shanghai. Labuan is Asia’s newest financial center, and the government there is heavily courting wealthy Chinese investors and businesses to migrate
In full disclosure, I am heavily biased. Hong Kong is one of my favorite cities in the world. Remember those ‘7 expat categories?‘ well, I am definitely a mix of several… maybe all. But Hong Kong ticks all the boxes for me, and always has– I’ve been coming here for years and love
It normally takes me less than five minutes to pack, even for a three week trip. In this case, though, I’m having a tough time– too many climate zones in Asia, too many events. I need to cram SCUBA gear, beach clothes, professional attire, and formal wear all into one little suitcase… …
I’ll admit, even I was surprised. When I think about Asia growth and investment opportunities, places like Singapore, Thailand, Vietnam, and even the Philippines come to mind. But lately, in my regular discussions with key Asia contacts– brokers, sovereign wealth fund analysts, etc., one place keeps coming up again and again. Mongolia. Mongolia
Greetings! I’m going to dive right into the questions from this week: == TRANSPORTING GOLD OUT OF THE COUNTRY == I appreciate all the comments and anecdotes in response to Tuesday’s letter about my run-in with TSA. . Based on the questions I received, there are a couple of things that should be
I’ve been spending a lot of time this week talking to my sources in China, one of whom is inside one of the country’s sovereign wealth funds (SWF). He could not discuss the details of the Rio Tinto bribery scandal, but indicated that it was far more about saving face and establishing position
It’s no secret that China is already starting to dominate the world economy. Understanding the country, its culture, and its economic infrastructure, however, is a daunting task, particularly for outsiders. Official reports and media accounts are hardly worth basing an investment opinion on– it’s critical to have boots on the ground. I have
