Comments for Sovereign Man: Finance, lifestyle design, Offshore Business and Expat news

Comment on Why gold is not a bubble by Gina

Gina — Tue, 16 Mar 2010 02:00:37 +0000

Good food for thought Simon. I looked at gold but decided silver rounds and bars fit my current situation better (for some reason it’s ignored when traveling, as if they were piggy bank change). Would you recommend the same strategy for silver as you offer for storing gold?

Thank you for the insight.

Comment on Why gold is not a bubble by Alex

Alex — Tue, 16 Mar 2010 01:59:35 +0000

There is one thing that I have a hard time reconciling. Do I want multiple flags? Absolutely.

But for every country I have an interest, there are roadblocks. Residency is the least of the issues.

Moreover, I am perplexed by one thing that is very definite. This should not be ignored. If you pursue a second passport, you are legally obligated to surrender your passport. Here’s the source: http://travel.state.gov/travel/cis_pa_tw/cis/cis_1753.html

Here’s the fact: a person who acquires a foreign citizenship by applying for it may lose U.S. citizenship. In order to lose U.S. citizenship, the law requires that the person must apply for the foreign citizenship voluntarily, by free choice, and with the intention to give up U.S. citizenship. Intent can be shown by the person’s statements or conduct.The U.S. Government recognizes that dual nationality exists but does not encourage it as a matter of policy because of the problems it may cause.

Either you become an outlaw, or the buraeucracy is so slow, they just haven’t gotten around to people like Simon yet.

Given these facts, if the average person is pursuing multiple flags, they must be prepared to commit ALL THE WAY and possibly be a citizen of that country forever.

If any of these premises are wrong, let me know. I would LOVE to get a second or a third, but it is not looking good.

Comment on Why gold is not a bubble by ace

ace — Tue, 16 Mar 2010 00:58:10 +0000

Actually, the “Cash for Gold” trend is a sign of public selling and dealer buying. It is more like a bottom than a top. When dealer’s start advertising “Gold for Sale”, look out below!

Comment on Questions: Seychelles, GoldMoney.com, Italian passport, Thai hospitals by Joel

Joel — Mon, 15 Mar 2010 21:37:37 +0000

That’s not true Irm. I have friends in Thailand who don’t have a plug nickel to their name. They live in the poorest region of Thailand (Issan) in a shack that looks ready to fall down. Yet they are getting better health care than they ever could get in the US. They have a doctor’s office less than 100 meters from their shack, right next door to a public school. Whenever they are sick they get medical care immediately, no matter where in Thailand they happen to be. I’ve seen it with my own eyes. At one point a brother (who has some sort of brain problem) was looking at a month’s stay in a hospital. The total charge for this stay would have set the family back about 120 US Dollars. That’s well within their family budget.
I lost my job here in the US last year, and lost my health care with it. Last night I ate some fresh squash I bought at a well-known US supermarket chain. A few hours later I came down with some sort of food poisoning. Last night was awful, though I seem to be getting better today. I have not been to the hospital and I’m dreading the thought of having to go. Unless it gets worse, I’m staying home. I find myself wishing I was back in Thailand so I wouldn’t have to make this sort of choice every time I get sick.

Comment on Why gold is not a bubble by J. Gen

J. Gen — Mon, 15 Mar 2010 21:11:24 +0000

I couldn’t agree with you more, Simon. It’s just great to hear confirmation from someone whose posts I hold in high regard. Gold is definitely still undervalued with mountains of evidence to validate this. I was curious as to what your thoughts are on Silver? There are so many resources claiming that this metal is possibly a better investment since silver is both a precious metal as well as industrial. According to many sources, silver scarcity in relation to ETFs is a possible contributing factor to silver’s extreme undervalue.

Comment on Why gold is not a bubble by REx

REx — Mon, 15 Mar 2010 19:24:55 +0000

Hi Simon and company,

Due to a glitch and computer crash I was unable to save the second residency information that was sent out on or around feb 24th. I have the first one but was unable to save the second one, is there anyway you can send me the citizen 2nd passport info again, thank you.

Comment on How to avoid living in a police state by Paulette Hicks

Paulette Hicks — Mon, 15 Mar 2010 18:32:10 +0000

I am a real estate investor and entrepreneur and for the past five years, I have been investing in income properties outside of the US. I see an alarming trend among this and some other international real estate sites, in which the authors display a mindset negative to the US and to its government. I’m not interested in or motivated by the political views of others, and have no need to bash my home country in order to enjoy traveling to and investing in other places. It seems as if some believe that spreading fear or anger is a more effective marketing tool than promoting the joy and wonder of exploring this wonderful world.

Comment on Why gold is not a bubble by Tom

Tom — Mon, 15 Mar 2010 17:25:26 +0000

I agree with Mike Shedlock that the price of gold fluctuates roughly in an inverse manner to the public’s confidence in government and has little to do with inflationary or deflationary expectations. When confidence is low, gold rises and when confidence is high, gold declines. It appears to me that gold has a long run up ahead of it but that the best way to play it as a speculation as you suggest is in mining stocks.

Comment on Coming to America… will you join me? by Ilene Little

Ilene Little — Mon, 15 Mar 2010 13:56:15 +0000

Darn! I have a scheduling conflict. I’ve already accepted an invitation to attend and report on the First Latin America Global Medicine and Wellness Congress April 26-28 in San Jose CR. Otherwise I would be there, as I look forward to meeting with you all.

Comment on We’re hiring… any takers? by Paul Turner

Paul Turner — Mon, 15 Mar 2010 08:21:09 +0000

Hey Simon:

I just found your sovereignman.com website, signed up for your daily newsletter and read many months of your archives where I saw your posting for hiring an individual to implement the marketing and business systems of your various opportunities – I am the person who can perform in this role and make an immediate impact !

I believe this opportunity will take full advantage of my experience while I am confident your company can benefit from my education, capabilities and experience.

Let me know how we can talk further about this opportunity.

Best Regards,

Paul Turner