Gold

Carmen · 04-03-2009, 08:54 PM

Thought this might be of interest

Gary’s Note: Those in the know have probably already noticed that the world is eerily growing more like Atlas Shrugged. Simon Black and Fitzroy McLean certainly have. They’re ex-CIA operatives, investment pros, and globetrotting editors of Without Borders. Enjoy…and send your comments to gary@whiskeyandgunpowder.com.

Whiskey & Gunpowder
By the Editors of Without Borders
April 3, 2009
Stowe, Vermont, U.S.A.

Move Your Money Out of the Country…and Soon

We are patriots. We have proudly served in our country’s military, have extended a helping hand to its public sector, and have plowed our entrepreneurial enterprise into its once fertile soil. We love America, but these days, America does not love us back. It takes without giving and squelches free enterprise. These days, America is no longer the land of the free, especially when it comes to the market.

Just look at the headlines, seemingly ripped from the pages of Atlas Shrugged: Unconscionably large bank bailouts. Punishing regulations and tax requirements. An arctic business climate. Government money bombs. Riots and protests. Slowing trade. Protectionist rhetoric. Demonized corporate executives. Even pirates hijacking cargo ships. One can guess what will happen next.

~~~~~~~~~~~~~~~Special~~~~~~~~~~~~~~~

Imagine Getting Rich as Ignored Stocks Soar

Scientifically selected penny stocks beat the pants off the Dow, the NASDAQ and the S&P 500...

You don’t have to do any of the work...we’ll tell you what to buy. Discover the easiest way to earn the most money in the market. Keep reading for this incredible offer...

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

We predict the next several years will usher in larger, more obtrusive governments, resulting in a decline of personal liberty and financial privacy. The world will become increasingly polarized between two groups: those who consider government intervention a great idea, and the rest of us who happen to be sane.

As such, you can bet your last falling dollar on some absolute certainties: bank nationalization is a given, at least de facto if not de jure; taxes are going up on those of us with any money left; the Fed’s money blitzkriegs will spark a blaze of inflation; and financial privacy will be a thing of the past in the United States.

The obvious and necessary solution is to position one’s finances outside of the United States, and to do so now, while the narrow and finite window of opportunity is still open.

To be clear, evading (or even avoiding) taxes at this point is not a wise move, given the size and scope of the ever-growing IRS. But there are significant advantages to expatriating your capital now:

For starters, you will actually have control of your own money. Yes, in certain instances you’ll be obliged to tell the IRS exactly where it is and what you’re doing with it, but no government agency will have the authority to reach into your overseas pocket and freeze or expropriate (read: steal) on a whim just so Team Obama can give it away to pay for someone else’s McMansion. Plus, when exchange controls are implemented and Americans are forbidden from wiring money overseas, your capital will already be secured in another jurisdiction, where you will be free to do what you want with it.

Secondly, you will no longer have to assume the risk of insolvent banks or go through the hassle of petitioning the government to get your FDIC insurance bailout. Many overseas banks are far better capitalized than those in the United States, and some of them are in jurisdictions with constitutionally protected banking privacy.

Lastly, and probably most importantly, moving money overseas gives you a last chance at diversifying out of the dollar, which, in a very short period of time, will barely be worth the paper on which it’s printed.

Bank and Brokerage Accounts

Opening a foreign bank or brokerage account is easier said than done; the United States government severely restricts where and under what terms you can open a bank account, invest in a fund, or engage in other economic activities that facilitate the protection of and access to your assets. As the signatory on an overseas account, you are required by law to inform the federal government on Treasury form TDF 90.22 by the end of June each year. Ostensibly, this has been done in the name of fighting money laundering, but it has the effect of severely restricting your freedom of financial movement.

Many foreign banks simply won’t work with you…don’t worry, it’s nothing personal. Uncle Sam has been beating them down since the Reagan years, and between Qualified Intermediary rules, tax treaties, and the USA PATRIOT Act, Sammy gives himself a lot of regulation to bury the opposition with.

There are some jurisdictions that are still excellent banking centers; Switzerland may have rolled over, but Panama, Uruguay, Singapore, and the United Arab Emirates have thus far ignored the call for “greater transparency” (read: government access to private finance).

Some individual banks, like Credicorp and Global Bank in Panama, or Banco Itau in Uruguay will not work with U.S. citizens anymore, but there is still opportunity with the hundreds of remaining banks in these jurisdictions.

Similarly, opening a foreign brokerage account is a shrewd move, not only to move your money overseas but also to have greater access to financial markets. Remember when world markets tanked on Martin Luther King Day 2008? If you were a U.S.-based investor and wanted to sell, sell, sell, you had to wait a full 24 hours until the markets opened after the holiday on Tuesday morning. If you had been invested with global depository shares through a foreign brokerage, you could have saved yourself several points and gotten out in time.

We would suggest looking at Verdmont Capital and PanaAmerican Capital in Panama, and Saxo Bank in Denmark.

~~~~~~~~~~~~~~~Special~~~~~~~~~~~~~~~

Financial Times: The Crowd Is Catching on and Buying Gold

Gold seems to know what President Obama’s plan will do to the dollar…

Over the next two years, you’ll witness the greatest surge in gold prices in market history, at least 100% above where gold sits today, as I write this.

But… I’ve just discovered a way for you to sneak into the soaring gold market for next to nothing, with what I call “penny-per-ounce” gold.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Bullion Storage

If you have gold, it would be highly beneficial to get it out of the U.S. — stat. If you do keep it in the U.S., your only truly reliable and private option is to store it yourself in a safe that you bury in your backyard. Otherwise, move it out of the U.S. now before Team Obama pulls an FDR and takes your gold from you.

At the moment, gold is not considered a monetary instrument by the U.S. Customs and Border Patrol, so there is no legal requirement to declare your bullion upon leaving the United States. Some countries, like Taiwan and Uruguay, require you to declare gold in excess of a certain value to customs officials upon entry.

We recommend Panama, Austria, Switzerland, and the United Arab Emirates as locations to store bullion; one particular favorite is a location called Das Safe (www.dassafe.com) in Vienna where anonymous safes start at 400 euro/year.

Real Estate

It might sound counterintuitive after the subprime debacle, but real estate is a sound option for moving money outside of the United States; there are zero reporting requirements. It’s your business where you own property, and (so far) no one else’s. You can purchase property in a private way by setting up a corporate structure to hold the assets so that they’re not in your name (Panama is an excellent jurisdiction to set this up), and although there are many places with depressed real estate markets, there are also many with good growth potential: in Latin America, we would recommend Panama, Colombia, Uruguay, and Chile. In Europe: Slovakia, Albania, and Poland. In the rest of the world: Lebanon, Hainan Island (China), the Philippines, Cambodia, and New Zealand.

Time is of the essence — start looking for your safe haven now.

Regards,
Simon Black and Fitzroy Mclean

P.S.: Without Borders, Casey Research’s monthly newsletter dedicated to finding the best global investment opportunities and the most beautiful places to live and do business.

If you are interested in specific strategies for moving money overseas and diversifying out of the dollar —whether it’s overseas bank accounts, real estate purchases, commodity currencies, or offshore brokerages — we’ll tell you the safest and most robust places to park your dollars while they’re still strong and widely accepted…places that will keep your personal economy strong even as the dollar and the U.S. economy suffer. We investigate outstanding investment opportunities, companies, and stocks you won’t hear about on CNBC as well as lucrative overseas deals that they themselves scope out and test.

If you want to think, invest, and live outside the box, test Without Borders now risk-free — via our three-month trial subscription with 100% money-back guarantee. Click here to learn more.

In response to the article by Samantha Buker a couple days ago, a Shooter writes:

Pardon me if I am incorrect, but didn’t FASB install the current version of mark-to-market only a couple of years ago? I believe we did quite well without it for, let’s say, about 80 years from the Great Depression. Why should we let some mortgage deadbeats bring down the entire banking system? More to the point, if the installation of mark-to-market was recent, doesn’t it suggest the possibility that the entire financial crisis has been a contrived event? Instead of more rants about quantitative models, I’d like to hear some serious analysis on that. Steve Forbes is claiming that mark-to-market and the removal of the uptick rule are together responsible for the recession turning into a crisis.

Hmmm… Good point. I asked Sam and here’s what she said:

The market also did quite well without the trading of derivatives.

And Yes, I’m ranting because, based on what Congress did to Herz, we see that the “mortgage deadbeats” are still holding the reins.

Mark to market, if you read Herz’s testimony, was a relatively recent event...and it did allow for more forced transparency of what the banks were holding asset-wise.

The savvy investor, like Dan Amoss, reads between the SEC lines and finds these flaws BECAUSE of mark to market.

Hence, when the weak were caught in their dirty undies...the market hung them out to dry.

And another Shooter writes in with words of encouragement: “If people think things are bad now; all I can say is: CHEER UP — IT’LL GET WORSE!”

Have a great weekend.

Regards,
Gary Gibson
Managing Editor, Whiskey & Gunpowder

Whiskey & Gunpowder Special Reports

One Famous Expert Warns, "There Will Be Panic"

The 10 Shocking Reasons for China's Pollution Problem

Geothermal Energy: Investment in the Future

Here's One Coal Stock That's Set to Skyrocket

Investing in Exchange Traded Funds

The Real Story Behind the True Gold Bull Market

Whiskey & Gunpowder, a free e-letter, is the independent investor's daily guide to gold, commodities, profits and freedom. We sent this e-mail to patrick@toursnz.co.nz because you or someone using your e-mail address subscribed to this service.

Are you having trouble receiving your Whiskey & Gunpowder? You can ensure its arrival in your mailbox by: Whitelisting Whiskey & Gunpowder.

To end your Whiskey & Gunpowder e-mail subscription, click: Unsubscribe.
Nothing in this e-mail should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

© 2009 Agora Financial, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Agora Financial, LLC. 808 Saint Paul Street, Baltimore MD 21202.

04-03-2009, 08:54 PM	#1
Carmen Avalon Senior Member Join Date: Dec 2008 Location: New Zealand Posts: 992	Gold Thought this might be of interest Gary’s Note: Those in the know have probably already noticed that the world is eerily growing more like Atlas Shrugged. Simon Black and Fitzroy McLean certainly have. They’re ex-CIA operatives, investment pros, and globetrotting editors of Without Borders. Enjoy…and send your comments to gary@whiskeyandgunpowder.com. Whiskey & Gunpowder By the Editors of Without Borders April 3, 2009 Stowe, Vermont, U.S.A. Move Your Money Out of the Country…and Soon We are patriots. We have proudly served in our country’s military, have extended a helping hand to its public sector, and have plowed our entrepreneurial enterprise into its once fertile soil. We love America, but these days, America does not love us back. It takes without giving and squelches free enterprise. These days, America is no longer the land of the free, especially when it comes to the market. Just look at the headlines, seemingly ripped from the pages of Atlas Shrugged: Unconscionably large bank bailouts. Punishing regulations and tax requirements. An arctic business climate. Government money bombs. Riots and protests. Slowing trade. Protectionist rhetoric. Demonized corporate executives. Even pirates hijacking cargo ships. One can guess what will happen next. ~~~~~~~~~~~~~~~Special~~~~~~~~~~~~~~~ Imagine Getting Rich as Ignored Stocks Soar Scientifically selected penny stocks beat the pants off the Dow, the NASDAQ and the S&P 500... You don’t have to do any of the work...we’ll tell you what to buy. Discover the easiest way to earn the most money in the market. Keep reading for this incredible offer... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We predict the next several years will usher in larger, more obtrusive governments, resulting in a decline of personal liberty and financial privacy. The world will become increasingly polarized between two groups: those who consider government intervention a great idea, and the rest of us who happen to be sane. As such, you can bet your last falling dollar on some absolute certainties: bank nationalization is a given, at least de facto if not de jure; taxes are going up on those of us with any money left; the Fed’s money blitzkriegs will spark a blaze of inflation; and financial privacy will be a thing of the past in the United States. The obvious and necessary solution is to position one’s finances outside of the United States, and to do so now, while the narrow and finite window of opportunity is still open. To be clear, evading (or even avoiding) taxes at this point is not a wise move, given the size and scope of the ever-growing IRS. But there are significant advantages to expatriating your capital now: For starters, you will actually have control of your own money. Yes, in certain instances you’ll be obliged to tell the IRS exactly where it is and what you’re doing with it, but no government agency will have the authority to reach into your overseas pocket and freeze or expropriate (read: steal) on a whim just so Team Obama can give it away to pay for someone else’s McMansion. Plus, when exchange controls are implemented and Americans are forbidden from wiring money overseas, your capital will already be secured in another jurisdiction, where you will be free to do what you want with it. Secondly, you will no longer have to assume the risk of insolvent banks or go through the hassle of petitioning the government to get your FDIC insurance bailout. Many overseas banks are far better capitalized than those in the United States, and some of them are in jurisdictions with constitutionally protected banking privacy. Lastly, and probably most importantly, moving money overseas gives you a last chance at diversifying out of the dollar, which, in a very short period of time, will barely be worth the paper on which it’s printed. Bank and Brokerage Accounts Opening a foreign bank or brokerage account is easier said than done; the United States government severely restricts where and under what terms you can open a bank account, invest in a fund, or engage in other economic activities that facilitate the protection of and access to your assets. As the signatory on an overseas account, you are required by law to inform the federal government on Treasury form TDF 90.22 by the end of June each year. Ostensibly, this has been done in the name of fighting money laundering, but it has the effect of severely restricting your freedom of financial movement. Many foreign banks simply won’t work with you…don’t worry, it’s nothing personal. Uncle Sam has been beating them down since the Reagan years, and between Qualified Intermediary rules, tax treaties, and the USA PATRIOT Act, Sammy gives himself a lot of regulation to bury the opposition with. There are some jurisdictions that are still excellent banking centers; Switzerland may have rolled over, but Panama, Uruguay, Singapore, and the United Arab Emirates have thus far ignored the call for “greater transparency” (read: government access to private finance). Some individual banks, like Credicorp and Global Bank in Panama, or Banco Itau in Uruguay will not work with U.S. citizens anymore, but there is still opportunity with the hundreds of remaining banks in these jurisdictions. Similarly, opening a foreign brokerage account is a shrewd move, not only to move your money overseas but also to have greater access to financial markets. Remember when world markets tanked on Martin Luther King Day 2008? If you were a U.S.-based investor and wanted to sell, sell, sell, you had to wait a full 24 hours until the markets opened after the holiday on Tuesday morning. If you had been invested with global depository shares through a foreign brokerage, you could have saved yourself several points and gotten out in time. We would suggest looking at Verdmont Capital and PanaAmerican Capital in Panama, and Saxo Bank in Denmark. ~~~~~~~~~~~~~~~Special~~~~~~~~~~~~~~~ Financial Times: The Crowd Is Catching on and Buying Gold Gold seems to know what President Obama’s plan will do to the dollar… Over the next two years, you’ll witness the greatest surge in gold prices in market history, at least 100% above where gold sits today, as I write this. But… I’ve just discovered a way for you to sneak into the soaring gold market for next to nothing, with what I call “penny-per-ounce” gold. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Bullion Storage If you have gold, it would be highly beneficial to get it out of the U.S. — stat. If you do keep it in the U.S., your only truly reliable and private option is to store it yourself in a safe that you bury in your backyard. Otherwise, move it out of the U.S. now before Team Obama pulls an FDR and takes your gold from you. At the moment, gold is not considered a monetary instrument by the U.S. Customs and Border Patrol, so there is no legal requirement to declare your bullion upon leaving the United States. Some countries, like Taiwan and Uruguay, require you to declare gold in excess of a certain value to customs officials upon entry. We recommend Panama, Austria, Switzerland, and the United Arab Emirates as locations to store bullion; one particular favorite is a location called Das Safe (www.dassafe.com) in Vienna where anonymous safes start at 400 euro/year. Real Estate It might sound counterintuitive after the subprime debacle, but real estate is a sound option for moving money outside of the United States; there are zero reporting requirements. It’s your business where you own property, and (so far) no one else’s. You can purchase property in a private way by setting up a corporate structure to hold the assets so that they’re not in your name (Panama is an excellent jurisdiction to set this up), and although there are many places with depressed real estate markets, there are also many with good growth potential: in Latin America, we would recommend Panama, Colombia, Uruguay, and Chile. In Europe: Slovakia, Albania, and Poland. In the rest of the world: Lebanon, Hainan Island (China), the Philippines, Cambodia, and New Zealand. Time is of the essence — start looking for your safe haven now. Regards, Simon Black and Fitzroy Mclean P.S.: Without Borders, Casey Research’s monthly newsletter dedicated to finding the best global investment opportunities and the most beautiful places to live and do business. If you are interested in specific strategies for moving money overseas and diversifying out of the dollar —whether it’s overseas bank accounts, real estate purchases, commodity currencies, or offshore brokerages — we’ll tell you the safest and most robust places to park your dollars while they’re still strong and widely accepted…places that will keep your personal economy strong even as the dollar and the U.S. economy suffer. We investigate outstanding investment opportunities, companies, and stocks you won’t hear about on CNBC as well as lucrative overseas deals that they themselves scope out and test. If you want to think, invest, and live outside the box, test Without Borders now risk-free — via our three-month trial subscription with 100% money-back guarantee. Click here to learn more. In response to the article by Samantha Buker a couple days ago, a Shooter writes: Pardon me if I am incorrect, but didn’t FASB install the current version of mark-to-market only a couple of years ago? I believe we did quite well without it for, let’s say, about 80 years from the Great Depression. Why should we let some mortgage deadbeats bring down the entire banking system? More to the point, if the installation of mark-to-market was recent, doesn’t it suggest the possibility that the entire financial crisis has been a contrived event? Instead of more rants about quantitative models, I’d like to hear some serious analysis on that. Steve Forbes is claiming that mark-to-market and the removal of the uptick rule are together responsible for the recession turning into a crisis. Hmmm… Good point. I asked Sam and here’s what she said: The market also did quite well without the trading of derivatives. And Yes, I’m ranting because, based on what Congress did to Herz, we see that the “mortgage deadbeats” are still holding the reins. Mark to market, if you read Herz’s testimony, was a relatively recent event...and it did allow for more forced transparency of what the banks were holding asset-wise. The savvy investor, like Dan Amoss, reads between the SEC lines and finds these flaws BECAUSE of mark to market. Hence, when the weak were caught in their dirty undies...the market hung them out to dry. And another Shooter writes in with words of encouragement: “If people think things are bad now; all I can say is: CHEER UP — IT’LL GET WORSE!” Have a great weekend. Regards, Gary Gibson Managing Editor, Whiskey & Gunpowder Whiskey & Gunpowder Special Reports One Famous Expert Warns, "There Will Be Panic" The 10 Shocking Reasons for China's Pollution Problem Geothermal Energy: Investment in the Future Here's One Coal Stock That's Set to Skyrocket Investing in Exchange Traded Funds The Real Story Behind the True Gold Bull Market Whiskey & Gunpowder, a free e-letter, is the independent investor's daily guide to gold, commodities, profits and freedom. We sent this e-mail to patrick@toursnz.co.nz because you or someone using your e-mail address subscribed to this service. Are you having trouble receiving your Whiskey & Gunpowder? You can ensure its arrival in your mailbox by: Whitelisting Whiskey & Gunpowder. To end your Whiskey & Gunpowder e-mail subscription, click: Unsubscribe. Nothing in this e-mail should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. © 2009 Agora Financial, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Agora Financial, LLC. 808 Saint Paul Street, Baltimore MD 21202.