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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.
November 12, 2014 Santiago, Chile When Wolfgang Amadeus Mozart first came to Prague on 11 January 1787, he was an absolute sensation. His smash hit opera Le nozze di Figaro had been released in the city a few months prior, and the people were absolutely wild about it. So this time, in 1787,
November 11, 2014 Santiago, Chile This past week Brazil announced that it will be building a 3,500-mile fiber-optic cable to Portugal in order to avoid the grip of the NSA. What’s more, they announced that not a penny of the $185 million expected to be spent on the project will go to American
November 10, 2014 London, England [Editor’s note: This letter was written by Tim Price, London-based wealth manager and editor of Price Value International.] In 1975, Charles Ellis, the founder of Greenwich Associates, wrote one of the most powerful and memorable metaphors in the history of finance. His essay is titled ‘The loser’s game’,
November 3, 2014 London, England [Editor’s note: This essay was penned by Tim Price, a London-based wealth manager and editor of Price Value International.] Strange things are happening in the bond market. Few of them are stranger than the reports Jeremie Banet, a French fund management colleague of former Pimco executive Bill Gross,
October 31, 2014 Santiago, Chile The new NBA season started this week. And with it the new salary cap for 2014-15 entered into force. It increased by 7.5% and is now at a record high of $63 million. Yet another “all time high” in a world where everything seems to be hitting the
October 29, 2014 Region VII, Chile Among the masterpieces of the Italian Renaissance, Leonardo da Vinci’s “La Scapigliata” stands out distinctly from the rest. The unfinished painting is of a common woman with disheveled hair. It’s remarkable particularly for depicting not the exceptional, but the real. Part of da Vinci’s genius was the
October 28, 2014 Region VII, Chile The killer lurked outside in the rainstorm, his axe still dripping with the blood of his last victim. Inside, the sorority girls gossiped about their missing sisters who had mysteriously disappeared the week before. –Stop me when this sounds familiar… it’s the standard plot of hundreds of
October 28, 2014 Region VII, Chile In the early days of human civilization during the time of hunter-gatherers, every day was a struggle. Satisfying an empty stomach was the primary function of life. Thus, every waking moment was devoted to finding food. Everyone was simply living from one kill and gather to the
October 28, 2014 Region VII, Chile The Treasurer of Australia (equivalent to the Secretary of the Treasury in the US, or Finance Minister in most European countries) has made a stunning admission. Joe Hockey stated that the policy of ultra-low interest rates hasn’t spurred economic growth; instead it has mainly had one effect—making
October 27, 2014 Region VII, Chile This morning some of the biggest financial news of the year made huge waves all over Asia. Yet in the Western press, this hugely important information has barely even been mentioned. (CNBC.com, for example, has yet to report on this story as of 11:45am Eastern…) So what’s
October 23, 2014 Santiago, Chile When I was growing up, my father was able to support his family of four on a single income. And when he was growing up, his father could do the same. This sort of security simply doesn’t exist anymore. These days, it typically takes two working parents just
