2009 has to be the year of commodities. If you are a follower of trend following you must have made lots of cash by trend of gold, Silver & Platinum.
Look at this 2009 Price trends of this metals
2009 Gold Price Trend – up 34%
2009 Silver price trend – up 63%
2009 Platinum price trend – up 56%
2009 Palladium price trend – up an impressive 98%
If your mind was focused on the falling prices of real estate & non-starter stock market recoveries, you might have missed this commodities bull.
Should investors jump in? No! I don’t think just because this metal commodities have done well in the past they will continue doing well.
Strategy for making money in Metal commodities.
Whatever goes up, eventually comes down, one strategy is to focus on shorting the metals or sell the futures contract.
Strategy two, only for the seasoned pro, if you know how to play the speculation game keep buying the futures contract.
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\\ tags: Amp, Contract Strategy, Follower, Futures Contract, Game, Gold Price, Gold Silver, Investors, Making Money, Metal Commodities, Metals, Palladium Price, Platinum Price, Price Trend, Price Trends, Real Estate, Silver Platinum, Silver Price, Speculation, Stock Market
Jim Rogers, a commodities guru and creator of the Rogers International Commodities Index, gave an interview to businessweek, giving his assessment of the ever rising gold price.
Jim Rogers Gold price prediction
Jim Rogers expects it to be over a couple thousand dollars an ounce sometime in the next decade.
Jim Rogers on what is driving the price of gold
- Demand from Central Banks, central banks which were selling gold a few years ago are now buying.
- The US Fiscal & Monetary Deficit – Throughout history, printing money has led to weaker currencies and higher prices for real assets.
- The Herd Mentality – Everyone is bullish about Gold and this is enough reason to drive prices up.
Read the whole Jim Rogers interview at this businessweek article.
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Dominica Republic is a major player in the Caribbean offshore centres. Dominica promotes itself as a leading offshore tax haven.
Incorporating an Offshore company in Dominica can take less than 48 hours. The Island offers a low cost of Incorporating an offshore company in Dominica.
Benefits of Setting up and Offshore Company in Dominica
Offshore companies formed in Dominica enjoy total exemption from local taxes including:
* income and capital gains taxes
* withholding taxes
* transfer taxes
* stamp duties
No minimum paid up share capital
Capital may be denominated in any currency
Shareholders/directors may be individuals or corporations
No annual general meeting of shareholders is required.
No annual returns must be filed or published.
Source Caribbean Offshore Services
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In a tough economy other people may be looking for “alternative” sources of money. This alternatives may be suing others.
The fact is that anyone can find themselves a target of an overblown lawsuit. If you have a house, cash or investments – heck, if you just have a job – you could be seen as a cash cow by someone else . . . someone who could “slip” on your sidewalk or “fall down” your steps.
There are affordable ways to protect yourself. Your home insurance provides liability protection up to certain amount (sometimes $300,000). But that’s not enough to protect your assets if someone gets greedy or can prove that they suffered a substantial injury that’s your fault. Personal umbrella coverage, which gives you liability insurance above and beyond your home and car insurance, is relatively inexpensive and is a vital part of fortifying your finances.
According to the Insurance Information Institute, you can buy a $1 million umbrella policy for about $150 to $300 a year. The next million will cost about $75, and about $50 for every million after that.
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\\ tags: 1 Million, Assets, Car Insurance, Cash Cow, Economy, Heck, Home Insurance, Insurance, Insurance Information Institute, Insurance Institute, Insurance Protection, Investments, Liability Insurance, Liability Protection, Personal Umbrella, Sidewalk, Substantial Injury, Target, Umbrella Coverage, Umbrella Policy
Money fraud is a big problem. If you take simple protection ideas you can prevent yourself from being a victim of money fraud from con artist
Keep checks in a safe place
- Don’t sign a blank check allowing someone else to fill in the amount.
- Never give someone your ATM, credit card or PIN or Social Security number.
- Check your bank statements carefully for unauthorized withdrawals.
- Be careful of joint accounts as both parties have equal access to the money.
- When in doubt, contact the bank to stop payments or checks, to flag or put a hold on the account or to close an account.
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\\ tags: Atm, Bank Statements, Blank Check, Checks, Close Account, Con Artist, Contact, Credit Card, Joint Accounts, Money Fraud, Safe Place, Social Security, Social Security Number, When In Doubt, Withdrawals
One may ask what is the difference between an offshore company and a “regular” company? Structurally – there is practically no difference! An offshore company is quite simply the same sort of corporation, only it`s created outside the usual domicile country of its owner(s). So, for example in the wider sense of the word, “offshore” for a French individual can be Spain, Australia … or Seychelles. Quite simply, offshore is something that is NOT onshore, NOT nearby the home. However, for quite some time, the term “offshore” has been coined in a much narrower sense – pointing to a company, which is not only formed outside the domicile jurisdiction of its owner, but also has a number of attractive benefits. For instance, incomes of an offshore company can be legally free of tax! Offshore company is free from onerous reporting and book-keeping requirements. It is free from burdensome capitalization rules. A offshore corporation is not required to register its owners on a public file. It`s fast and easy to register, simple to maintain and operate. That`s what most people would deem as an “offshore company”.
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\\ tags: Attractive Benefits, Australia, Capitalization Rules, Domicile Country, Incomes, Jurisdiction, Offshore Company, Offshore Corporation, Seychelles Offshore, Spain
Panama is one of the most attractive places for retirees. Panama island offers tax advantages to prospective investors and retirees.
Protection from changes in Tax laws
To encourage long-term foreign investment, Panama requires no special authorizations, permits or prior registration for foreign investors. The Investment Stability Law, passed in 1998, protects foreign investors from any change in tax, customs, municipal and labor rules for a period of 10 years after an investment is registered.
Panama Expatriate Tax Advantage
Residents also pay no tax in Panama on foreign income.
Panama Property Tax advantage
Expatriates are also exempted to pay property tax for the first 20 years.
Tourism investments have 20-year exemptions from import duties, fees for construction materials and equipment, and income, real estate and other taxes.
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\\ tags: 10 Years, Attractive Places, Authorizations, Construction Materials, Customs, Expatriate Tax, Expatriates, Foreign Investment, Foreign Investors, Import Duties, Income Real Estate, Income Tax, Investment Stability, Investment Tax, Investments, Panama Tax, Property Tax, Prospective Investors, Tax Advantage, Tourism
Seeing your house burn down can be a traumatic experience but believe it or not U.S. residents can organise for their house to be burned down and claim a tax refund from the IRS?
This is how it works.
Lured by the prospect of free demolition, homeowners around the country sometimes offer their houses to the local fire department for training purposes. The department burns down the house, clearing the way for the owner to build a bigger and better home. The home owner then claims a Charitable tax deduction for donating the house to the fire department.
But according to an article in yahoo finance, The internal revenue service is trying to stop homeowners from claiming such deductions.
The IRS is engage in court case with home owners who are trying to claim refunds running into hundreds of thousands. ESPN commentator Kirk Herbstreit, let firefighters burn his home in 2004. The former Ohio State football star’s claim of a $330,000 tax deduction was rejected a year later.
And it not just individual home owner who are trying to make money from this tax loop hole. Churches and Corporations donate thier old properties to the fire department.
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\\ tags: Burns, Charitable Tax Deduction, Churches, Corporations, Court Case, Demolition, Espn, Espn Commentator, Finance, Fire Department, Firefighters, Football Star, Hundreds Of Thousands, Internal Revenue Service, Irs, Loop Hole, Ohio State Football, Reduce Taxes, Tax Refund, Traumatic Experience
The 2009 Global Financial Centres Index, has published a list of top offshore centre. It sponsored by the City of London and it is compiled twice yearly by London-based Z/Yen Group.
This is how they faired
1. London (790)
2. New York (774)
3. Hong Kong (729)
4. Singapore (719)
5. Shenzhen (695)
6. Zurich (676)
7. Tokyo (674)
8. Chicago (661)
9. Geneva (660)
10. Shanghai (655)
11. Sydney (651)
12. Frankfurt (649)
13. Toronto (647)
14. Jersey (640)
15. Guernsey (638)
16. Luxembourg (637)
17. San Francisco (634)
18. Boston (634)
19. Paris (630)
20. Washington DC (630)
This offshore centre ranking is based on a combination of statistical data and surveys of financial industry executives.
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Seychelles has become a major player in the world of offshore company formation. One advantage in setting up a Seychelles offshore company is the low cost compared to other jurisdiction.
After the initial set up costs ongoing annual licensing costs are very low – namely USD 100 for companies with authorised capital of up to USD 100,000 and USD 1,000 per annum for companies with authorised capital over USD 100,000.
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\\ tags: Advantage, Annum, Initial Set, Jurisdiction, Offshore Company Formation, Seychelles Offshore
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