Archive for October, 2008
« Previous EntriesBelarus: New Haven for Offshore Cash?
Thursday, October 30th, 2008“We still measure up to international standards in our anti-money-laundering campaign. But why try to be ahead of everyone and struggle with laundering of some American money here, in Belarus, on our tiny patch of land? So we decided we would not require declarations,” Lukashenko said.
With this open invitation to those seeking financial privacy [...]
Crash creates opportunities in Latin America
Sunday, October 26th, 2008While my co-editor Richard has just written a fascinating article for Q Wealth Report on the rise of the east, regular readers know that I am bigger on Latin America. That doesn’t mean I disagree with Richard’s predictions (quite the contrary in fact) but I simply understand better Latin America and Europe. By definition, one [...]
Putin Warns Against Buying Dollars
Friday, October 24th, 2008Now here’s an interesting piece of news, a supplement to my article in The Q Wealth Report number 51 about Russia…
The Moscow Times, an English language newspaper from Russia, quotes the Russian PM as saying “It’s a dubious business. It’s not clear what will happen to the dollar.”
Of course, this might just be Putin trying [...]
Warren Buffett on Declining Fiat Currencies
Friday, October 24th, 2008Keeping your assets in fiat currencies must be about the worst thing to do. Not only can these assets be seized by mere accusation (don’t believe it can’t happen to you – it happened to Iceland!) , but even more worryingly they can and will be devalued indefinitely until they are worth nothing.
Warren Buffett wrote [...]
How the Gold Price Manipulation is Panning Out
Thursday, October 23rd, 2008Bloomberg reports that Zuercher Kantonalbank, who run a Swiss market Gold ETF say “Demand is so strong,” Susanne Toren, a metals analyst at the bank, said by telephone from Zurich today. “Our vaults are full right up to the top.” Apparently they are holding about $2.25 billion worth of gold at today’s prices in that [...]
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