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Panama – a Premier Offshore Center and Trading Hub

By admin | January 28, 2009

Greetings from a beautiful but rainy Panama City, Republic of Panama where I have just finished a private seminar on offshore wealth creation and asset protection with a great, enthusiastic group over from the UK and Ireland. And not forgetting Scotland. Last night we shared an excellent bottle of Glenfiddich to celebrate Burns Night!

I’m tied up with meetings all day tomorrow, then on Friday is an informal get together in the Marriott for the Q Wealth VIP crowd. So everything is go go go!

Panama is a great place to do business. There’s an offshore feel about the whole place. Privacy is still respected here, both in terms of banking and in other professional relationships. But more and more like minded people are coming here. Even casual conversations in the casino can result in profitable business connections, as I have seen this week. It’s always invigorating to be surrounded by like minded people.

Unfortunately, however, it’s not all good news. The hype surrounding Panama is in danger of overshadowing its usefulness as an offshore centre. I’m beginning to wonder if Panama really qualifies as under the radar any more? Only time will tell, but I will repeat my mantra that diversification is the key. Don’t put all your eggs in one basket, nor all your money in one country!

I’ll be up in the mountains over the weekend and plan to finish my Gold Report, explaining some unique ways to buy and hold gold bullion offshore. More coming soon…

Blogging from somewhere offshore, this is Peter Mac signing off!!!

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