Posted by on Oct 13, 2013 in Knowledge Center | 0 comments

August 20, 2013 Rome, Italy It was just last week in the Land of the Free that a Federal judge declared Bitcoin to be a currency. And almost immediately after, the SEC announced ‘investigations’ into the digital currency. (You remember the SEC, the guys who are tasked with protecting the public from dodgy investments… yet they routinely give their blessing to the likes of Madoff, Enron, toxic mortgage bonds, etc.) This seems to have started a chain... Read More

Posted by on Oct 10, 2013 in Knowledge Center | 0 comments

October 10, 2013 London, England [Editor’s note: Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in the UK is filling in for Simon today.] Despite nearly $ 17 trillion reasons, there are investors stupid enough to believe that debt issued by the world’s largest debtor country (i.e. US Treasuries) should be treated as a risk-free asset. This is even more astounding given that the possibility of formal default is only a matter... Read More

Posted by on Sep 19, 2013 in Knowledge Center | 0 comments

September 16, 2013 Tokyo, Japan Suicide has long played a bizarre role in Japanese culture. In feudal Japan, for example, dishonored samurai would often commit seppuku, a suicide ritual that involved ceremonial disembowelment. It was torturous pain lasting for hours. In World War II, the Japanese military churned out suicide attackers known as the kamikaze that routinely antagonized allied warships in the Pacific. And of course, citizens in Hiroshima and Nagasaki simply... Read More

Posted by on Aug 25, 2013 in Knowledge Center | 0 comments

September 13, 2013 Hong Kong Financial circles in Hong Kong are buzzing today on the new Goldman Sachs projection that gold may drop below $ 1,000 an ounce. And in merely suggesting such a death sentence for the metal, Goldman’s pronouncement pushed the paper price of gold contracts down $ 20+. Many technical indicators underscore Goldman’s views. There’s very little floor for gold prices below $ 1,200, signaling that gold could gap down quickly. Conventional wisdom is also... Read More