Last month we introduced you to Mark Svoboda, a Russian currently living in Louisiana on a quest to find his “Next America” – a place that values personal freedom and offers economic opportunities. The first stop along his journey was Malaysia and today he continues with the nation known as The Lion City, Singapore.
Feudalism in the past has always been a dictatorship in which the common people (serfs) worked hard to provide for their overlord (the king), and sometimes had a little left over to provide for their own families. Today, things are different.
A few weeks ago permanent traveler Ian Oliver shared his insights with us in “The Top 10 Lessons of a Grizzled PT”. One reader responded to the article, asking which countries had he lived in? So, today, Ian begins answering that question with the first stop along his PT Journey – The Pearl of the Orient – Hong Kong.
The IM Triangle focuses on three elements of international diversification, with income being one of the three key components. For the true internationalist, the Income Element naturally leads to having one’s own business, whether that be a one-man shop or a larger firm with hundreds of employees. A common issue for would be cross-border businesspeople is that of currency. The differences between currency exchange rates have made and broken many businesses and introduces an element of uncertainty that makes it difficult to plan effectively.
Thanks to an explosion in cheap goods available to the average American consumer, the tagline “Made in America” is rare today. After all, why buy a pair of pants from the American producer when you can buy 3 or 4 relatively equivalent ones imported from the Orient and available in the ubiquitous entity that is your friendly neighborhood Walmart? However, even that situation is changing and, when inflation (and potentially hyperinflation) rears its ugly head, even Walmart might seem too expensive to the regular Joe and Jill.
Most of our readers are familiar with the gold Maple Leaf, Eagle, Buffalo and Krugerrand. Along with the Nugget/Roo and to a certain degree, the Panda, such coins are widely recognized around the world as a good way to hold physical metal. But there is also another coin that belongs to this group and in fact (as a Swiss contact confirmed recently), it carries one of the lowest premiums of the internationally recognized one-ounce variety: the Austrian Philharmonic.
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