Global Markets

  • Holy Grail, the Fountain of Youth, and El Dorado

    Is it the search for the Holy Grail, the fountain of youth, and El Dorado? Is it the quest to turn base metals into gold? Is it a dream and an illusion? At times, I felt like I was sleepwalking. But it was real. I traded on leverage, pyramided futures and stock options, and turned…

  • Can Governments Fix a Market Price?

    The Silver Market was recently found to be rigged. Can Governments Fix a Market Price? [box type=”info”]HISTORIC EVENT: LBMA SILVER FIX BREAKS, JANUARY 28TH — Silver Markets in Disarray After Benchmark Price FIXED AT $13.58, FAR BELOW REAL WORLD Trades, Spot Price[/box] No, they cannot. Consider the fact that all currency pegs have ultimately failed.…

  • Gold and silver are known; all else is credit

    As J. P. Morgan famously said: Gold and silver are known; all else is credit. The gold price is fixed twice each business day in London. It’s called the London AM or PM Fix. Many contracts reference the London Fix to set a price for future gold delivery. It may be that the bullion dealers…

  • Are Markets Fixed?

    Are global markets fixed? They could be, but maybe not the way that you think. I considered titling this paper “How I Turned Ten Thousand into Five and a Half Million in Less Than a Year Trading Gold Futures and Options on Gold Shares.” But I actually started with twenty thousand, of which I lost…

  • Invest Offshore Newsletter Number 99

    January global markets were an omen for a year of dramatic change, like a very loud wake-up call for anyone who thought we could live in a world of perpetual economic growth. It’s time to invest offshore. Sovereign debt is perhaps the most misunderstood issue in all of finance, even by the supposed experts. The…

  • Fed Interest Rate Quandry

    “Americans have had seven weeks to adjust to December’s rate increase and many will be relieved by today’s outcome. Today’s decision to hold rates at 0.5% came as no surprise. December’s rate rise – the first in nine years – was considered a ‘close call’ by some members of the Federal Open Market Committee, and…

  • Three critical ways an offshore bank can protect you

    Let’s take a moment to compare the offshore world today to before the Global Financial Crisis struck roughly eight years ago. In this short period of time, US federal government debt has DOUBLED. The Federal Reserve now holds $2.4 trillion of that debt, up from $479 billion. Interest rates, which were between 2-4%, are today…

  • Economic Law vs the Law of Gravity

    Q: You’ve said that economic law is just as binding as the law of gravity. It seems to me that economics is more loosely organized and less useful than physics. Would you care to comment? A: Yes. Your comment has merit. There are charlatans in both fields. Both can be used for good or evil.…

  • New Tax Haven Is the United States

    Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. According to the Bloomberg Business News article titled: The World’s Favorite New Tax Haven Is the United States. This link was found on the Drudge Report for January 27th but not for entire 24 hours, here’s the…

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