Gold and Silver

Buying and Storing Gold in Singapore

October 25, 2012,

We've discussed at length the importance of owning precious metals. The financial system is so full of insolvent banks and bankrupt governments, and gold is one of the few assets that you can own which is not simultaneously somebody else's liability.

Now, there are no shortage of products out there to buy gold. All you have to do is log in to your discount brokerage account and buy some[...] Click here to continue reading

Questions: Your legal requirements, banking in Singapore, Colombian citizenship

June 4, 2010
New York City

Today, my friends and colleagues from the Atlas 400 group are gathering in New York City for another weekend adventure. It's something I've been looking forward to since our last event in Panama.

As you've heard me describe before, the Atlas 400 is a private group of successful, like-minded individuals who meet at world-class locations to discuss their ideas, socialize, and forge lasting personal and business[...] Click here to continue reading

Questions: Gold in your retirement account, attitude, sustainable community

May 28, 2010
Chicago, IL, USA

Chicago is a really beautiful city-- one of my favorites in the United States, actually, along with Austin, TX and Sheridan, WY. But while I enjoy being back in the US as a tourist from time to time, I'm itching to get out of here.

The travel I've just scheduled is a bit insane. Next week, I'm traveling to New York for an Atlas 400 event. Immediately[...] Click here to continue reading

Why this may be the Great Deleveraging Part Zwei

May 19, 2010
Quad Cities, IA, USA

I wanted to send you a short note today from America's heartland to tell you what I'm doing with my investment capital, and why.

I'm closing out almost all of my speculative positions and going to sit on the sidelines for a bit because I'm concerned that the markets are entering another major deleveraging period.

Here are the facts which concern me-

1)[...] Click here to continue reading

Why we’re up 30% on our gold/euro position

May 12, 2010
Undisclosed Location

First of all, I really want to thank all the well-wishers who were kind enough to write me and wish me luck on my operation yesterday. Everything went off without a hitch, and I'm already feeling much better.

I will unfortunately need to stay in place for a few weeks while I recover and have a few follow-up visits, but I expect to get airborne again quite soon.
[...] Click here to continue reading

Questions: the next trade, Panama’s future, robbed of his gold, confidence

May 6, 2010
Undisclosed Location

If you'll kindly indulge me, I will jump right into this week's questions.

First, Jeff writes, "Simon- you really called the gold/euro short (XAUEUR), I'm up 25% since you mentioned it. Where do you see it going now?"

The European-induced panic is causing a rush to 'quality' once again. The dollar has surged, Treasuries rallied, and just about everything else fallen, including oil, silver, and that third-world[...] Click here to continue reading

Questions: The job postings, tax implications, Asian banking, Switzerland, Belize

April 30, 2010
Las Vegas, NV

It's chilly in Las Vegas, but I'm having a great time meeting so many subscribers here at the Casey conference; I'm pleased at how many have turned up for the event, and I'm always humbled by the exceptional people we have in our community.

My only regret is that the conference organizers could not allocate more space for Sovereign Man readers, and I will personally ensure this[...] Click here to continue reading

A sign that gold may about to be unleashed

April 28, 2010
St. Michaels, MD, USA

Since I arrived from Santo Domingo on Monday evening, I've been enjoying some peace and quiet in this quaint, quiet, wealthy little town on the Maryland shoreline.

St. Michaels is where Porter Stansberry is holding his annual 'idea conference,' which he sponsors each year around this time. The goal? He brings together successful people from a variety of backgrounds to discuss their best ideas-- investments,[...] Click here to continue reading

Questions: Colombian investments, Perth Mint disclosure, Biking in Panama, Thai crime, Medellin for women

April 16, 2010
Medellin, Colombia

Yesterday I celebrated tax day by charging up my AMEX card on one of the IRS's official payment websites. There's nothing like earning travel points for keeping the flames of bureaucracy burning.

And speaking of travel, I should be headed to Ecuador this weekend where I plan on spending several days hopefully hopping around the country; more to follow next week.

On to this week's questions...

[...] Click here to continue reading

Banking and Gold Storage in Hong Kong

March 23, 2010
Hong Kong, SAR

The banking system in Hong Kong is one of the most advanced in the world, and if you're shopping around for a place to plant a banking flag, you should definitely consider it.

As a jurisdiction, Hong Kong was effectively founded and built into a global financial center for the sole purpose of bridging east and west. Today, as Asia has grown into an economic powerhouse, Hong[...] Click here to continue reading

Why gold is not a bubble

March 15, 2010
Pattaya, Thailand

I was laying in bed sick recently watching Conan the Barbarian... yes I admit it. Some people eat chicken soup, I drown myself in cheesy Hollywood violence.

If you haven't see it, you're not missing much of a plot-- Arnold Schwarzenegger at his physical prime wields a big sword and searches for treasure to plunder.

As I watched the Governator decapitate his foes two at a time,[...] Click here to continue reading

Questions: Seychelles,, Italian passport, Thai hospitals

March 12, 2010
Pattaya, Thailand

Greetings once again from the land of smiles.

First of all, I really appreciate all the responses after yesterday's letter in which I announced that I will be speaking at the upcoming Casey Research Crisis and Opportunity Summit. I'm really looking forward to meeting with so many of you in Las Vegas.

For some reason, a few subscribers had difficulty with the link that gives more information[...] Click here to continue reading

Gold in Uruguay, Swiss francs, Polish citizenship, Moody’s

February 26, 2010
Bangkok, Thailand

It's "Judgment Day" in Thailand. I wrote about this on Monday-- a Thai high court will rule today on the disposition of ousted former PM Thaksin Shinawatra's frozen assets valued at several billion dollars.

According to the mainstream media, the entire country is supposed to erupt in chaotic and violent protests today. Even BloombergTV, which I normally respect, has been running sensationalized stock footage of fires, vandalism, and[...] Click here to continue reading

Questions: Jobs update, a dollar crisis, gold banking in Singapore, sustainable community

February 19, 2010
Bangkok, Thailand

I really need to start out today's letter by expressing how truly humbled I am to be part of such a fantastic community.

Matt and I have spent much of the last few days combing through resumes (200+ so far) for the job openings that I posted on Monday, and the caliber of talent and energy is really impressive.

Applicants vary in age from 17 to 70.[...] Click here to continue reading

Making money from junkies

February 16, 2010
Bangkok, Thailand

The popular press has been bandying a lot of cute acronyms for the 'sick' European countries. I have seen PIIGS, STUPIDs, and DUHs... and while the individual circumstances of each country are different, they all have one thing in common--

Their obligations far exceed their assets, and they have to borrow money just to pay interest on the money that they've already borrowed.

We don't need a[...] Click here to continue reading

Questions: Travel, buying property, moving gold, second passports

February 12, 2010
Pattaya, Thailand

I'm happy to report that I seem to be in the final throes of my Asian jet lag-- I finally managed to go to bed and wake up at a reasonable hour.

I appreciate the emails that I received giving me advice about how to deal with it more effectively... honestly though, I think time is the best remedy for everything.  With jetlag, I take a "sleep when[...] Click here to continue reading

Lessons from the intelligence business

February 11, 2010
Bangkok, Thailand

Years ago, when I was a bright-eyed lieutenant anxious to defend the world against evil and tyranny, the government decided to ship me off to become an intelligence officer.

I remember a lot of the classroom training, learning about the enemy's order of battle and maneuver capabilities. Ironically, we were still studying Soviet tactics at the time, even though the Berlin Wall had become a tourist attraction over[...] Click here to continue reading

An important update on the Panama private storage facility

January 25, 2010

Panama City, Panama

A few weeks ago, I told you about a new private vault facility that was opening soon in Panama called "Best Safety Boxes." At the time, I had not personally checked out the facility but at least wanted to make you aware of its opening.

Late last week, I had the opportunity to meet with the owners and take a personal tour of the facility. In[...] Click here to continue reading

How to avoid living in a police state

If I have been too subtle in the past, let me be absolutely clear this afternoon: the time to do something, the time to take action to safeguard your future and your families livelihood, is NOW.

I'm more impassioned than usual this morning... and with reason.  Reluctantly, I tuned in to Team Obama's press briefing last night about the ongoing saga of the Nigerian underwear bomber.  Obama's is clearly trying to cultivate a fear[...] Click here to continue reading

Four jurisdictions to store gold overseas

January 7, 2010

Reporting from: Estepona, Spain

I've long believed that exchange controls will eventually return to the developed world, specifically in the United States and Western Europe. Struggling to find buyers of their debt, these governments will likely impose strict penalties for net outflows and retail currency transactions.

Unfortunately, most people will be too broke, too stupid, or too distracted to care that their savings are trapped in a rapidly depreciating[...] Click here to continue reading

Multiple Flags Overview

Reporting from: Malaga, Spain

I do not have tremendous faith in world 'leaders' (as ridiculous a moniker as that is to use); last month's debacle in Copenhagen only further underscored how perverse and ineffective the existing political process is, and everyone is really starting to see it.

The Social Contract is deteriorating rapidly, and in the end, the one thing that you can count on is that people will ultimately do what they[...] Click here to continue reading

Subscriber Questions

I receive a lot of subscriber questions, and while I cannot answer them all, I wanted to specifically address three of them that key in on recurring themes in this community-- second citizenship, investing, international opportunities, corporate structures, banking, and gold/silver storage.

1) Paul asks-- "I was wondering what your 1st choice would be in setting up an online business offshore.  Which country would be best for business structure, hosting, and merchant accounts?"

[...] Click here to continue reading

Gold and the dollar: how to play it

Somewhere after paying over $100 for a tank of gas, $35 for a haircut, and $15 for a fast food sandwich, it dawned on me last week.  The euro is terribly overpriced against the dollar.

I wrote about this extensively last week, arguing that, because of a litany of taxes and fees, and due to overselling of the dollar, the euro zone is excessively expensive in dollar terms. Clearly there needs to be an[...] Click here to continue reading

Six speeding tickets for a second passport

I spent a couple of days this week in a fast BMW with Matt, my friend and business partner. We had a meeting in southern Spain yesterday with a key figure in the world of second passports, and we raced at speeds up to 250 km/h so that we could make the meeting and bring you some tremendously valuable information.

It came at a price-- six speeding tickets in total, mostly across the south[...] Click here to continue reading

What Thai real estate can tell you about gold

I was having breakfast this morning at my favorite Bangkok cafe-- they do a delicious American breakfast with eggs, bacon, toast, orange juice, and fresh fruit for under $3... and it's delicious.  For another $3 I could get a backrub while I eat.

As I was reading the local paper, something caught my eye in the business section-- a full page ad for a real estate development about 2 hours outside of Bangkok. The[...] Click here to continue reading

How a Chinese stock and property bubble will affect gold prices

I have the temporary misfortune today of feeling a bit under the weather. I've always wondered how such an expression came to pass, but if it is meant to be any sort of metaphor, my 'weather' is something like a category five hurricane.

As a consequence, I was unable to attend this week's Asia gold conference which took place in Hong Kong; fortunately, though, my friend and colleague Christine Verone was in attendance, and[...] Click here to continue reading

The window is closing

I need to start off today's missive with an important update. Last month I wrote a few articles about something that I believe is an absolute no-brainer if you have retirement savings-- setting up a self-directed IRA.

Most retirement savings plans are locked in to a handful of investment options-- employees are forced to make a selection among four or five choices, most of which are poorly managed funds run by the same institutions[...] Click here to continue reading

Gold, China, and the dollar

While I was en route to China, somewhere over the Sea of Japan, gold hit a record high on 'concerns' about the long-term value of the dollar.

Frankly, 1974 was probably the time to be 'concerned' about the long-term value of the dollar.  The remaining institutional investors who are only now finding reasons to be concerned about the dollar are probably the same ones that thought Ford and Fannie Mae were bargains last year.
[...] Click here to continue reading

What capital controls in the United States will look like

Roughly $100 billion.

Even in today's world where politicians throw out the word 'trillion' as if it were a casual dinner garnish, $100 billion is still a lot of money... especially when you're desperate to sustain glimmers of economic growth and trying to plug a budget shortfall that amounts to 13% of GDP.

And yet, roughly $100 billion is exactly what got sucked out of the United States in July by foreigners: "Net[...] Click here to continue reading

Gold mania in China

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 this was ground-breaking news at the time-- a clear indication of long-term demand growth, as well as a sign that[...] Click here to continue reading

Singapore financial overview

I've explored Singapore in the past, but on this particular trip I really wanted to broaden my understanding of the country's legal framework and financial infrastructure. With only 72-hours on the ground, I would have to work fast... so the trip was a whirlwind tour of bankers, lawyers, gold dealers, corporate secretaries, and international tax planners.

Here's the good news: Mission Accomplished. I learned far more than I expected, caught up with old connections,[...] Click here to continue reading

Gold report: A free gift

I'm writing today from an extraordinarily beautiful place...

The infinity pool where I sit is perched atop an emerald-azul lagoon encased by rocky cliffs and pristine wildlife. It's dusk. and it's quiet.

The word "paradise" would come to mind if I could stop absorbing the beauty long enough to form a complete thought.

I'll give you a few hints... my undisclosed location is in the south Pacific. It's a small island[...] Click here to continue reading

Weekly updates

Greetings! I'm going to dive right into the questions from this week:


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 clarified:

1) In most cases (see below), you don't have to tell the US government that you're leaving the[...] Click here to continue reading

The Chinese Gold Market

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 than anything else.

He also indicated that the SWF analysts were working around the clock trying to put deals together...[...] Click here to continue reading

Weekly update


The link between the fate of Latvia and the stock price of Sweden's major banks became even more apparent this week.  On Monday, Latvia's government announced that it had rejected a bailout deal with the IMF, spurring new concerns of devaluation.

In response, investors sold off shares of Sweden's Swedbank to the tune of a 5% decline.  The market sees these two parties as inextricably linked: as Latvia[...] Click here to continue reading