Reporting from the opening day of the Total Wealth Symposium at the Intercontinental Playa Bonita Resort in Panama.
Dear A-Letter Reader:
When Jimmy Carter gave Panama back to the Panamanians - along with the wealth-generating Panama Canal - Bob Bauman thought it was a bad idea. As a U.S. Congressman at the time, he said this often to anyone who would listen.
"Panama has changed...and I have changed," Bob announced during his welcoming address.
You have to respect a guy who can pull off a white suit with a blood orange tie who is willing to stand up in front of over 300 people and admit that maybe the hand-off wasn't such a bad decision after all.
Bob considers himself a patriot of his country - which is why he's appalled by the PATRIOT Act and other legislation in recent years that continue to erode our personal freedoms. But he outlined his top five offshore havens where you and your wealth can take cover:
#1 Switzerland
#2 Panama
#3 Liechtenstein
#4 Hong Kong
Honorable Mention: Austria
(I'll tell you more about these and other asset protection places and structures in the next few days.)
Bob then yielded the floor to the gentleman from Toronto... Sovereign Society Investment Director Eric Roseman, who posed a critical question for every investor:
How will money be made - and lost - in the year ahead?
To find out, he said, keep your eye on the top three secular bull market trends: Peak oil, precious metal mania, and the return of the dollar bear market.
Peak Oil: For some, the peak oil theory might be an 'if', for others it's a 'when.' But Eric cautions that we're already living in the days of peak oil - and there is money on the table. Goldman Sachs says crude will reach $125. Eric says he won't be surprised if it hits $150...and he issued a rec that will let you take full advantage of the ride up (I'll tell you how you can get your hands on all of the recommendations given out here in just a minute...)
The Return of the US Dollar Bear Market: Massive deficits, excessive military spending, and rising inflation are all putting downward pressure on the dollar...and the dump has already begun. Nations around the world are now gobbling up gold. Wise investors are warned to watch the currency trends if they want to make money in the year ahead...
Precious Metals Mania: Gold at $2,500? Silver at $75? Declining or flat mine production combined with a grim dollar value scenario and you've got the perfect storm for an outrageous metals market...
One look at the portfolio in the monthly member publication, The Sovereign Individual , tells the tale. Bema Gold is up 455% since Eric recommended it. ASA Limited has soared 396%.
Two of his energy picks are also rockets, Bonavista Energy Trust has gone up 277% and Primewest Energy Trust shot up 218%...so far. There are plenty of opportunities in the sector yet, given Eric's observation of the trends that are supporting such big moves.
It's one thing to name the trends...it's another to know how to play them. Fortunately, this outline was just the beginning...
Eric will provide his best current recommendations in energy, metals and select other commodity groups to the 300 people here. And, waiting in the wings are 28 more members of our Council of Experts here in Panama from all around the world. Each is prepared to reveal exactly what it's going to take to protect your assets, and grow your wealth.
Carved out of the rainforest, the Intercontinental Playa Bonita Resort and Spa is our backdrop for the next four days. By day, we'll hear more about how to profit from these trends, about the best asset havens around the world, about the threats to our privacy and what we can do about it.
At night, we'll make our way into town - for dinner...for seco, the local drink...for a cigar under the restaurant awning as the rain begins to slow and the rumble of thunder recedes. Until it's time to slip into the shadows for the dark and winding 25-minute ride back to our oceanfront balconies.
It is here where we feel the freedom of total wealth...and we find out how to make it happen when we get home.
The daily presentations are underway - and if I miss them, so do you. So I'm off to catch the next one. Be sure to check in tomorrow. He's what's on deck:
- Larry Grossman will show how to legally shield as much as 70% of your wealth from Uncle Sam...no matter how much you make
- Mark Nestmann will unveil a plan to keep your privacy and your wealth during the never-ending war on terror
- Peter Zipper will reveal the one place on earth where your wealth is constitutionally protected
- Michael Chatzky will help you stay safe from lawsuits
- Michael Checkan will look ahead at the next decade of the commodities bull market
...And more. See you here.
Your Conference Insider,
Monica Day
P.S. Every day of the conference, I'll bring you the highlights. Plus, you can pick up your own set of recordings as part of the conference special package, the 'Total Wealth Havens Bundle.' It's a complete library of offshore investment publications at a price too low to mention in this A-Letter. Build your investment library in one easy step. Open your eyes to the possibilities of The Sovereign Society's top-rated havens of Hong Kong, Liechtenstein, Panama and Switzerland.
Click here to save over $200 and find out more about the exclusive 'Total Wealth Havens Bundle.' Order today and you'll also receive a bonus recording of audio highlights from the 2006 Total Wealth Symposium.