Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on investing in Offshore Retreat Land. (See the Tangibles Investing section.)
We’ll begin with this news from Zero Hedge: “This Could Be Huge”: Gold Bar Certified By Royal Canadian Mint Exposed As Fake
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Nick Cunningham asks: Can $60 Oil Last? JWR’s Comment: Unless a real shooting war breaks out somewhere, I expect oil to be in the doldrums for the next few years. I believe that the recent $60 per barrel blip is more of an aberration.
Many banks and markets around the world were closed on Tuesday, for Reformation Day. But many analysts were still posting, like this on the Suissie: USDCHF prediction – technical analysis October 31, 2017
Next, Reuters reports: Trump tax overhaul under intensifying fire as Congress readies bill
Economy and Finance:
Moving on to some great commentary by Brandon Smith: Lies And Distractions Surrounding The Diminishing Petrodollar
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Video: Crisis in California. “Soaring unemployment, trillions of dollars in debt, and exploding crime and illegal immigration have California headed for disaster.”
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Charles Hugh Smith: What Could Pop The Everything Bubble?
Tangibles Investing (Offshore Retreat Land):
Advanced preppers who already own and a live at a well-stocked and fairly self-sufficient retreat might be ready for the next step. This is investing in a piece of offshore retreat land, for use as a backup retreat. Many folks refer to this as their “Plan B.” But anyone considering this soon runs into the classic dilemma: There is no “perfect” retreat locale on Earth. This is true for a number of reasons. These include:
- Very few nations allow foreign investments in land without a grant of residency, if not full citizenship. In many nations–particularly Pacific island nations–the best that you can hope for is a 99-year lease.
- Most of the world’s land in temperate climate zones is already heavily populated.
- The most affordable land tends to be in tropical Third World nations with endemic disease problems, crime, poverty, and corrupt governments.
- Most of the “desirable” locales have high taxes.
- Very few nations have gun ownership laws as favorable as those in the U.S.. Typically, gun ownership is quite difficult for non-citizens. And sadly, registration schemes are ubiquitous.
- Arcane land title laws, unscrupulous bankers and land agents, as well as language barriers can make buying offshore retreat land a daunting task.
- Once you find offshore land, it is often difficult to have a house built to First World standards.
- Surveying in many developing nations is not done to First World standards. So this can lead to property line disputes.
- The concept of title insurance is non-existent in many countries. There can be multiple claimants to land.
- Many nations would lack resilience in natural disasters or in the midst of a global financial crisis.
- Even quite friendly nations like Canada have set up barriers, such as non-resident speculation taxes. (At least the current Chinese land rush is slowing.)
- Land buyers who obtain residency and then citizenship often make themselves subject to additional taxation and even military conscription for themselves or their children.
- The United States is one of the few countries to tax all worldwide income. Hence, unless you renounce your U.S. Citizenship you’ll end up heavily (and often multiply) taxed. Thankfully, there is a Foreign Earned Income exclusion. That changes annually, with inflation. But the last figure I heard quoted was $100,800. Anything above that earned overseas could be double-taxed.
- Many nations have currency restrictions, making it illegal to hold substantial amounts of foreign currencies, and/or allowing bank deposits only in their respective national currencies. This can make your deposits vulnerable to inflation.
- Unless you are marrying a local, you and your family will probably be seen as “suspicious newcomers” for a full generation.
Anyone considering buying offshore retreat land should proceed with caution, extensive study, and prayer.
Countries to Consider
As of this writing, I’m pointing many of my consulting clients to the Czech Republic, Panama, Costa Rica, Belize, the Philippines, the Dominican Republic, and Chile. Spain is off my list, but if the Catalonian independence movement succeeds, then the more rural parts of Catalonia might be viable for a retreat. There are many other options, but every nation has its own peculiar advantages and drawbacks.
I’m really looking forward to comments and suggestions from readers who have already taken the leap. We’ll benefit from you sharing your experience. – JWR
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often “get the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!