Strategic Metals: Diversification and Greater Upside Potential

STARTEGIC-METALSThis Hard Asset Is An Inflation Hedge With Investment Upside

Oct. 8, 2015
Panama City, Panama

Dear Offshore Living Letter Reader,

When most people think about investing in metals, they think precious metals—gold, silver, platinum, and palladium.

I’d say precious metals are not as much an investment as a hedge against inflation… and the price of gold may be more manipulated than Russian politics.

The volume of gold traded on paper exceeds the total physical gold available in the world. Futures options, unallocated bullion programs, and gold funds trade based on gold prices, but it’s all paper that could vanish with a keystroke.

That’s why it’s preferable to hold precious metals in physical form if possible. Coins work for small amounts. Gold storage programs are available for bigger volumes. How you store it aside, you should have some gold and silver stashed away in case the financial markets collapse and you find yourself unable to obtain or use paper currency.

Again, though, I wouldn’t classify gold and silver as investment vehicles.

However, you have other metals options that achieve the hard asset objectives of gold and other precious metals while …Continue Reading

Why Did I Consider Global Entry?

Border Crossing
Border CrossingWhy I’m Applying For Global Entry

Oct. 5, 2015
Panama City, Panama

Dear Offshore Living Letter Reader,

Traveling to and through the United States are among my least favorite things thanks to ICE (Immigration and Customs Enforcement). Don’t get me wrong, I still enjoy spending time in the States. It’s the coming and the going that I dread.

They run propaganda videos while you’re standing in line telling you about the process you’re currently suffering through, assuring you it’s all in your best interest, making you and America safer from terrorism and the illegal movement of people and goods, etc. Those points are debatable. However, I don’t see how being rude and obnoxious helps ICE officers wage their battles.

Flying back to Panama from Europe about a month ago, an ICE officer was incredulous when we told him we didn’t have anything to declare. He sent us off with a scowl to the secondary inspection area.

Every time we come or go, it’s something. A big “X” on the printout from the automatic immigration kiosks, an additional search, a litany of questions…

Finally, I’ve grown tired enough of the various low levels of harassment the typical traveler is subjected to every time he crosses the U.S. border to give Global Entry a try. I’ve resisted the program for years, but now I’m signing up with …Continue Reading