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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: shades who wrote (42851)12/15/2005 3:51:47 PM
From: regli  Read Replies (1) of 116555
 
>The swiss - thinking in terms of lifestyle - do they have the same conveniences as an american? Can my sisters drive their hummers for as cheap over there taking my nieces to the soccer games?<

The Swiss have significantly higher gas prices but excellent public transportation to any nook and cranny in the country. You literally don't need a car. This illustrates that it is rather simplistic to measure lifestyle based on gas prices unless your lifestyle and economy is extremely dependent on cheap gas prices as the U.S. is. And as to attending soccer games just about anywhere around the world, I advise you to always take public transportation. Soccer games are great fun to attend but even in relatively calm Switzerland soccer fanatics frequently lose control of their senses and confuse a game with low intensity warfare.

As to the gold discussion I personally consider it necessary to have brokerage as well as bank accounts in multiple countries as Faber suggests. It provides a nice layer of isolation if for what ever reason there is instability in the financial system in one of the host countries. In my case it is not an issue of hiding money but diversifying the risks as to where my money is held. I invest a part of my portfolio in something as close as possible to bullion but not the real thing as long as possible (i.e. CEF) because I want to be able to transfer money from one end of the world to the other at the drop of a hat if need be and at the same time still have much of the safety and security of gold and silver bullion.
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