Monday Why do you need to hold Gold and/or silver? Ask someone living in the socialist paradise of Venezuela. For 1oz Gold they can buy a house (2oz for a really nice house). For 1oz silver they can buy 3 to 4 months’ worth of food. The narrator sniggers as he imagines how many houses he and his fellow ‘stackers’ will be able to buy when the economy of their … [Read more...]
China’s Great Leap Forward 2.1
Wednesday See 2.0 China is beginning to crack down on tax avoidance with some high-profile, well publicised, targets. This is designed to bring the masses into compliance with the tax code. If it works, it is the beginning of the end. There will be an immediate boost to government revenue, followed by a sharp decline next year. It is the wrong time (is there a right … [Read more...]