capital controls?

[bart]

Re: capital controls?

Hi Bart, yes I think PMCs are a nice solution but like you said its still not a bird in the hand. You can also store some maple leafs in your Canadian safe deposit box for non US diversification but you aren't insured. Still, it may be a nice escape valve. And yes, my IB account is denominated in Euros which is held at CitiBank in Germany but it's still under US jursidiction and it's CITIBANK no less. (one of the main derivative underwriting banks).

I still have no solution for satisfying my list of criteria in a foreign institution that I listed above.

I think it's important to realize that just making profits in US$ in not enough to survive Ka Poom. You can't allow the US to depreciate the $ by 99999% and then take half or more of that depreciation in taxes. To accomplish that it requires holding your wealth in something that doesn't show such a huge phony fiat profit... such as holding CCO on the TSE rather than CEF on a US exchange.

Good points, all. I can only add two items.

The first is agreeing that there doesn't seem to be any decent overall path... although I sure wish I knew in which country or countries the truly wealthy store their metals and how the storage is structured.

And the second is that, although a Canadian box is sure a decent intermediate term solution, the North American Union plans afoot could easily make it dicey.

[Charles Mackay]

Re: capital controls?

Good points, all. I can only add two items.

The first is agreeing that there doesn't seem to be any decent overall path... although I sure wish I knew in which country or countries the truly wealthy store their metals and how the storage is structured.

And the second is that, although a Canadian box is sure a decent intermediate term solution, the North American Union plans afoot could easily make it dicey.

True, the http://www.spp.gov/ is another horrible concept and we can add that to the long list of freedoms that we are losing in our lifetime. But if you look at the European model that the elites have drawn up, there seems to be some singularity still in existance in the various countries. However, when the Swiss sold their gold that did strike a severe blow to that ray of hope. In any offshore decision you could guess wrong.