beauty of deflation

The Beauty of Deflation

January 30, 2015 By: Claudio Grass, Managing Director at Global Gold Switzerland The Eurozone has been hovering around a 1% inflation rate, getting closer to zero during 2014, nothing close of the ambitious 2% benchmark set by central banks. Any small downward adjustment in the inflation rate will put it in the negative territory, allowing for prices to spiral downward. The West is genuinely fearful of deflation. Headlines in leading papers were very strong in reflecting this fear, describing deflation as “the world’s biggest economic pro … [Read More...]

Free college

Free Stuff!

January 26, 2015 By: Kelly Diamond, Publisher Reading some of the recaps of the State of the Union Address from President Obama, I felt like I missed a very benevolent episode of Oprah! I could just picture him pointing at members of the listening audience shouting, “YOU get a free ride through college! YOU get a free ride through college!” But when I hear a politician say the word “free”, I immediately clutch my purse a little tighter and check my bank account. The latest in free stuff is community college. The cost benefit analysi … [Read More...]

St Kitts Nevis

St.Kitts and Nevis Investment Program: Handing Out Money like Candy?

January 23, 2015 By: "Luigi Cameron" Please note: A pseudonym is used to protect the identity of the real author. Let’s explore this question... St. Kitts and Nevis is a small two island country located in the West Indies. This tiny country, recognized for its quiet untouched beaches, lush tropical forests and vibrant culture is often a go-to destination for many travelers wishing to attend music festivals. Having personally visited the island on a number of occasions, many times I have asked myself how such a small country has been … [Read More...]

euro swiss franc

The Swiss Surprise

January 19, 2015 By: Kelly Diamond, Publisher So an interesting headline crossed my path the other day: “Swiss National Bank unexpectedly scrapped its three-year policy of capping the Swiss franc against the euro.” The move shocked many in the EU, especially many Swiss exporters. The Swiss Frac soared, while business stocks were sent in the other direction. Indeed, when the Swiss Franc becomes so expensive to the rest of the world, exports will be the first one to take a hit when caps are removed. “The franc appreciated as much as 41 … [Read More...]

intersting turn gold

Steen Jakobsen: Things Are About To Take A Different Turn In 2015

January 16, 2015 By: Claudio Grass, Managing Director of Global Gold This article is based on an interview conducted by Claudio Grass, the Managing Director of Global Gold based in Switzerland, with Mr. Steen Jakobsen. Mr. Jakobsen is the Chief Economist and Chief Investment Officer at Saxo Bank, where he has served for a total of 14 years, including two years where he left to act as Chief Investment officer of Limus Capital. He is a renowned economist and trader with more than 25 years of experience in the fields of proprietary trading … [Read More...]

save thousands on obamacare

Save $11,055 on Obamacare

January 14, 2015 By: Bobby Casey, Managing Director at Over the holidays, I was in the U.S. visiting family and friends. One of my stops was a close friend that lives in Washington, DC (a.k.a. “Belly of the Beast”).  While in DC and discussing healthcare costs with my buddy, I had an epiphany. Living outside the US saves me enough in healthcare costs to afford a round trip plane ticket from Europe to the US every month. Costs have really gotten out of control. Everyone I talk to seems to have really gotten the … [Read More...]

the fed

What Do Record Profits for U.S. Treasury Mean?

January 12, 2015 By: Kelly Diamond, Publisher Well, this week, the news came to me! I usually have to root around the financial corners of the internet to find something to write about, but this one just dropped in my lap. I was scrolling through Facebook, and this one self-proclaimed liberal Democrat posts this article Fed pays record $98.7 bn in profits to US Treasury along with the commentary: “The Stimulus Plan worked!!!”. (Sadly, she’s serious.) If she was sarcastic, I would have left it alone. But then other liberals chime in with … [Read More...]


Money, Gold, Liberty In 2015 And Beyond

January 9, 2015 By: Claudio Grass, Global Gold 2014 was quite an eventful year for global markets: Janet Yellen became the new Chairman of the Federal Reserve; we were on the brink of war in Crimea, and Germany won its fourth world cup title. Many countries around the world held elections, the Scotts and the Swiss had referendums and both of them decided to maintain the status quo, whether it was against Scottish independence or the Gold initiative. I wouldn’t describe this year as a tough one for gold, considering that it is ending the y … [Read More...]

when in rome

When In Rome, Avoid the Americans

January 7, 2015 By: Gordon Haave, Director at Agora Trust (Originally published on January 3rd, 2015 at Since I traveled a lot and have been to a lot of unusual places, it is fairly routine that I get emails from people saying “My cousin, sister, son, etc. is traveling to country X.  Do you have any advice?”. My first piece of advice for traveling to any country is always as follows: Find out the yahoo message board or subreddit on Reddit where Americans in that country congregate.  Write a post that says  … [Read More...]

economic plots

Developing Plots Around the World

January 5, 2015 By: Kelly Diamond, Publisher Happy New Year! Have you ever seen the movie Pulp Fiction? One of the notable features of that film was how it started off following various unrelated events and characters, but as the movie continued, it shows how those characters and events would culminate into one plot.  This picture rather accurately captures some of the economic plots developing around the world today! Now look at what’s happening with various economies in the world. What’s Japan have to do with Belarus? What’s Belaru … [Read More...]

Japanese economic bust

Japan On Track For A Textbook Bust

December 31, 2014 By: Claudio Grass, Contributor from Global Gold Recently, we wrote a paper about the dynamics behind the boom and bust cycles, based on the view of the Austrian School (the Austrian Business Cycle Theory, or ABCT). The key takeaway was that central banks don’t help in smoothing the amplitude of the cycles, but rather are the cause of cycles. Business cycles are a direct result of excessive credit flow into the market, facilitated by an intentionally low interest rate set by the government. The problem with o … [Read More...]

china purchasing power

2015 Prognosis

December 29, 2015 By: Kelly Diamond, Publisher What a year!  This is my last installment for the year 2014. The next time you see my writing, it will be 2015. Without question, the United States has lost its economic luster, but so have parts of the EU and Asia. Yet, there are countries who have chosen to see this as an opportunity to compete and revitalize their economies. The same can be said for individuals: while some still put their faith in the fiat currency of the US or put all their eggs into one IRS coded retirement plan, … [Read More...]

low gas prices

What Do Such Low Gas Prices Mean?

December 22, 2014 By: Kelly Diamond, Publisher A couple of weeks ago, I wrote about the Russian Hooker Index, which had to do with the increasing cost of living in Russia. Meanwhile, however, the US is enjoying some very low gas prices. I am NOT complaining about the prices one bit! (Just wanted to be super clear on that point, because the last time I was able to fill my tank for $20, was about a decade ago.) Much like the Russian Hooker Index, however, I am left wondering what economic forces are at play… or more ominous than that, w … [Read More...]

spain v ireland

The Tale of Two Bailouts

December 15, 2014 By: Kelly Diamond, Publisher This is the story about two bailout countries in the EU: Spain and Ireland. Their respective bailouts were not structured the same, but they were very close in timing and amounts offered. I don’t want to call this an experiment because it has no real controls. However, we can learn a few lessons from these countries and how they each go about addressing their economic woes. Ireland As you may already know, Ireland was the not-so-proud recipient of a 90 Billion Euro bailout in 2010. Its r … [Read More...]

russian hooker index

The Russian Hooker Index

December 8, 2014 By: Kelly Diamond, Publisher Economists have tried to bridge the gap between what people are feeling and what is happening on a macroeconomic level. Often times, people living in one particular geography convince themselves that their economic experience is pervasive: that because their economy is booming then all economies are booming or vice versa. Economics can be rather mundane if typical indices are not your cup of tea. However, there are other metrics now that are far more relatable. As a kid, I used to equate a … [Read More...]