Tag: Gold and Silver

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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,

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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

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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

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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

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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,

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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