Gold is Money
No other form of money comes close to gold's longevity or worldwide appeal. Regardless of the era or the culture, every form of gold—from gold nuggets to gold coins, gold bars, gold jewelry, even gold teeth—has commanded universal respect and buying power for more than 2,700 years.
Gold is More than Money
Russian lawmaker, Mikhail Degtyarev, proposed a bill to ban the use or possession of American currency in Russia.
His rationale? He predicts the imminent collapse of the dollar system due to the massive growth of US national debt.
This bill would partially revive the Soviet-era ban on the dollar, prohibiting Russians from holding the currency in the country's banks, and thus banks would be unable to carry out US dollar transactions.
He warned that the Russian government would need to bail out its own citizens holding the US dollar if it collapses, however they would exempt the Russian government and its central bank from this rule due to its necessity to carry out US dollar transactions on a larger scale.
The Local Online Revolution
The chances are that you are reading this on your smart phone or tablet or perhaps you are taking a break from your phone to read this on your computer or even on that charming 'dead tree product' called a magazine. So much of how we live and shop has moved online. Large companies with massive marketing budgets now have teams of online experts figuring out how to reach their audience through the complex web of new media often in tandem with traditional media.
Placing your assets in, and doing your business with, offshore companies has been a growing trend among many people today looking for prudent tax planning and asset protection. This is mainly due to the high degree of privacy and secrecy offered by most financial centers and offshore jurisdictions, as well as their low-tax, and most times tax-free, characteristics. The two main types of offshore companies used today are International Business Companies and Limited Liability Companies.
Offshore non-U.S. resident trusts are becoming a popular planning vehicle for U.S. citizens, residents, and domiciles for a variety of reasons. Indeed, foreign trusts are a bit of craze for U.S. persons and citizens seeking to diversify their investment portfolios outside the U.S. dollar and outside the physical confines of U.S. borders. Such trusts can facilitate inter-generational wealth transfer planning, marital planning, and provide to the settlor a degree of asset protection planning really unachievable in the domestic U.S. setting given the generous anti-creditor lawsuit statutes in most offshore foreign jurisdictions. Please note that all irrevocable foreign trusts of this type are "grantor" trusts (if they have a U.S. beneficiary) for U.S.
Recently as my business travels took me to Belize, Switzerland and Panama I realized two things.
One, I really need to brush up on my German and Spanish, and two - language aside - a staggering amount of people worldwide are risking losing their money by not looking after their foundations of income.
My company Advisor Ink's mission is to increase clients' overall net worth with tax, investment and real estate strategies both in the US and internationally.
By working carefully to best preserve their wealth we help out clients to sleep soundly at night safe in the knowledge that they'll have a guaranteed income for life.
Frequently I'll get asked at a conference or seminar about the issue of paying or not paying current income taxation on international earnings. Many people believe that if they generate money outside the US and do not repatriate that money, they owe no tax. But the issue is significantly more nuance and complicated and for most people investing offshore, this belief is just plain wrong.
With the hospitality sector of Panama's economy expanding from the steady increase in business tourism, medical tourism, shopping tourism, cruise ship tourism and about to get another big boost from the new convention center, it may be a good time to see how you can get involved. Notably, Panama's hotels have been steadily raising rates and occupancies have been strong since the announcement of the expansion of the Panama Canal. Of course, many businesses have and continue to expand in Panama, however, owning a hotel -- or a hotel unit, can be a unique way for individual investors to gain passive commercial cash flow from the growth of the hospitality sector.
The biggest concern of most investors today is having enough monthly income to support their lifestyle through retirement. Far too many people are forced to liquidate their equities, and unfortunately outlive their available money. In fact, a Wells Fargo Bank report indicates that 60% of the middle class will outlive their money.
Business passive income is the number one investment of the wealthiest two percent in the world. Business income is how the rich keep getting richer by living off passive income while compounding their equity holdings.
Being the head of a real estate development business in Latin America, I hear quite a few comments about the price of real estate abroad. People frequently say to me, “I can buy a condo in Florida for less than what you are selling them for” and they are right. The simple truth is that it is possible to buy a condo in Miami Beach for as little as $76 per sq.ft. One such offer I located is a condo built in 1968 located at 1601 NE 191 St. just a little over a mile from the beach.
