Sotheby’s auctioned a stunning 59.6 carat diamond known as the “Pink Star” which sold for $71.2 million in Hong Kong. This set a new world record for any diamond or jewel ever sold. This was an oval mixed-cut diamond which exceeded the previous records. The gemstone was sold at an even higher price at another Sotheby’s […]
QUESTION: Martin, how would stamps be involved in a cashless society? Could they be utilized as a paper currency at least domestically? Stamp books used in place of dollar bills. ANSWER: Historically postage stamps have served as money during the American Civil War. This was the Postage Currency. They needed metal for weapons so there was […]
COMMENT: Mr. Armstrong, I believe you may be the only person who has identified this trend in government others are just starting to see. Here in New Brunswick in Canada, they have raised everyone’s property taxes claiming you did some sort of improvement when you did not. This is just fraud. You are correct. This just […]
Asia traded heavy with the yen making new recent highs in the continued flight to quality/safety. Interesting we have seen such a tight trading range as we near almost half year lows and in rather thin volume. The blame continues to be placed at the feet of geopolitical tensions, France’s upcoming elections and the uncertainty […]
SAC Capital, formerly known as Sirius Asia Capital, in Singapore was founded in 2004. It began as a corporate finance firm specializing in IPOs and corporate advisory. There has been some confusion that a different SAC Capital Advisors was located in Stamford, Connecticut and New York City while its legal headquarters was incorporated offshore in Anguilla, […]
It may sound crazy that an old currency is still being hoarded 16 years after the introduction of the euro. However, the Germans still have been hoarding Deutsche Marks and coins worth some 6.5 billion euros. Why? Germany never put a time limit upon when you had to swap out the old currency. About a third […]
The dwindling credit of Turkey and significant decline in its currency, has led to the new clever idea of confiscating gold with a smile. The Turkish Central Bank has come up with an idea of how to confiscate private gold while pretending they are helping you earn more money. Their objective is to make […]
The hunt for taxes has also been targeting international companies and arguing that the local operation in their country should pay more in taxes. One example is Rio Tinto (ASX, LON:RIO), the world’s second-biggest miner by market value. The Australian government handed them a A$447 million tax bill increasing a tax assessment in the new clever […]
Nervous markets again with US military positioning headlines for most of the session and that led to safety moves back into the JPY. Having broken the 111 handle early, next target was the 110 handle. Many did not expect the US trading hours to take it as far as it did (109.65 -1.1% last) levels […]
Socrates System and Billing Update Dear Socrates user, We are sending out this courtesy reminder regarding the launch of our brand new entry-level membership – the Standard Membership level (this replaces what used to be known as the Investor level). The new Standard Membership is now a monthly membership, billed at only $14.99 per month, […]
