August 7, 2002
=================================
THE SOVEREIGN SOCIETY OFFSHORE A-LETTER
Your Link to Freedom, Prosperity & Privacy in the Offshore World
Wednesday, August 7, 2002 - Vol. 4 No. 74
=================================
In This Issue:
* COMMENT: Gold Is Back!
* OFFSHORE: OECD Hypocisy Exposed. Montana 'Offshore' Fails. American Energy Firms Use Havens: Enron, Accenture, Pravda. Populist Ignorance.Latin America: Chile, Uruguay. Passports: US, Ireland, Canada.
=================================
Our mid-week guest commentator is MICHAEL CHECKAN, Sovereign Society Council of Experts member, a leading authority on precious metals,& President of Asset Strategies International, Inc. Bob Bauman, Ed.
=================================
* COMMENT: Gold Is Back!
Dear A-Letter Reader:
How many times have you read lately in the traditional press that, 'Gold is Back!'?
In a way that's understandable since gold appreciated by about 20% this year. Gold started 2002 at about $272.00 per ounce, then shot up to $330.00 per ounce, a 21% gain. Now, gold is trading at about $306.00, a 50% correction. Still, gold has outperformed most paper investments this year. And investor interest hasn't been this keen for the "barbaric metal" in two decades.
Gold seems to have general support at the $300.00 level. What is called 'the resistance point' has been raised from $326.00 to $330.00. So,when the gold market rallies again and breaks $330.00, many analysts think the gold price could run to $350.00, with the next notch up $400.00.
The outlook for gold is still positive for 2002. There's a 'bear market rally' taking place in the US stock markets. So, with the outlook for lower stocks and a slow growth US economy (GDP growth cut in half this year), smart investors are looking for a solid alternative investments like gold.
Sovereign Society members know gold hasn't been lost, only rediscovered. Clearly, gold is the only 'real money' in the world today. As gold specialist, Bart Kitner observed, 'Gold is a currency unaffiliated with any country. Without a renewed confidence in the US dollar, gold will outperform it and all other currencies for a long time to come.'
So, yes, gold isn't lost after having been around for 4000 years. Yes, gold is the 'ultimate currency' with no debt burden like the once king US dollar. So what's the best way to own the money that knows no borders? In my view the best and safest way to own gold is with a government guaranteed gold certificate. To learn more about gold and it's outlook, you can contact me and I will be pleased to assist you.
That's the way that it looks from here.
MICHAEL CHECKAN, President
Asset Strategies International, Inc.
1700 Rockville Pike, Suite 400, Rockville, Maryland 20852-1631
Toll Free: (800) 831-0007, Tel: (301) 881-8600, Fax: (301) 881-1936.
E-mail: assetsi@assetstrategies.com
Web site: http://www.assetstrategies.com/pages/aboutus.html
=============================
COMMENT LINKS:
* Gold and Economic Freedom, by Alan Greenspan.
LINK: http://www.gold-eagle.com/greenspan041998.html
* Jay Taylor On US Markets, Gold & Mining Stocks. LINK:
http://www.gold-eagle.com/gold_digest_02/taylor080602.html
* Dealers & Diggers Annual Meeting in Australia. LINK:
http://www.theage.com.au/articles/2002/08/04/1028157879112.html
* Newmont chief tips bullion spike. Sydney (Australia) Herald. LINK:
http://www.thewest.com.au/20020806/business/tw-business-home-sto66913.html
* Gold surge brings Ashanti profits. BBC News.
LINK: http://news.bbc.co.uk/2/hi/business/2175720.stm
* World Gold Council. LINK: http://www.gold.org/
* All about gold, LINK: http://www.gold-eagle.com/
LINK: http://www.gold.org/value/invest/where2buy/index.html
*******************ADVERTISEMENT*******************
Earn 500% or More as Terrorists Unleash Their Ultimate Weapon
As the market wobbles, al Qaeda threatens and President Bush hints war with Iraq...America is ignoring the REAL threat to its security. The truth is, Saddam and Osama could cripple the US - without ever leaving home! And that's not the worst news! Get ready for financial upheavals as the US suffers the Mideast's wrath. If you want to survive the coming economic maelstrom, you MUST ACT NOW. Here's what you need to know,including safe investments that could return 500% or more in the next few months. Click here for all the details.
LINK: http://www.agora-inc.com/reports/OST/EasyProfits/
=================================
* OFFSHORE *
NEW STUDY SHOWS HYPOCRISY OF O.E.C.D.
A new study shows the sanctimonious OECD is more guilty of lack of transparency and tax favoritism than the offshore havens it attacks. LINK: http://www.tax-news.com/asp/story/story.asp?storyname=9005
For pdf copy of study and press release, LINK: http://www.itio.org/
-----
U.S. STATE OF MONTANA NOT VERY 'OFFSHORE'
BOZEMAN. They said 'offshore banking' would bring millions to Montana.
In 6 years since it became law it's only produced scandal. LINK:
http://www.billingsgazette.com/index.php?id=1&display=rednews/2002/08/
06/build/local/75-bankoffshore.inc
-----
U.S. ENERGY USES OFFSHORE HAVENS TO CUT TAXES
American energy industry taps into havens to minimize US taxes. LINK:
http://www.sun-sentinel.com/business/local/sfl-wsjtaxhaven06aug06.story?
coll=sfla-business-headlines
* Effort to Curb Tax Havens Could Be Costly for Consultants. NY Times.
LINK: http://www.nytimes.com/2002/08/06/business/06BERM.html
* Channel Island Jersey Firm Faces Probe Over Enron Offshore Deals.
LINK: http://www.tax-news.com/asp/story/story.asp?storyname=8983
* Russia's Pravda explains US use of tax havens to its readers.
LINK: http://english.pravda.ru/comp/2002/08/05/33851.html
* Populist ignorance in America's diary land. Editorial. LINK:
http://www.superior-wi.com/placed/index.php?sect_rank=4&story_id=116688&refer_url
* Wall Street Journal editorial: Stanley Worked Over (subscribers only)
LINK: http://online.wsj.com/article/0,,SB1028500234890751520,00.html
-----
LATIN AMERICA:
* CHILE keeps its head as all about lose theirs. LINK:
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT
/FullStory&c=StoryFT&cid=1028185525830
* Bolstered by $1.5 billion US aid, URUGUAY calm as banks reopen. LINKS:
http://www.viewswire.com/index.asp?layout=display_article&doc_id=202414
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory
&c=StoryFT&cid=1028185541654
-----
PASSPORT NEWS:
* Latin Entrepreneurs Use Visa For Executives to Settle in US.
LINK (subscribers only):
http://online.wsj.com/article/0,,SB102849860575564800-search,00.html
* US visitors by 2004 must have microchip IDs in their passports. LINK:
http://www.ireland.com/newspaper/front/2002/0806/3451515271HM1PASS.html
* Mounties looking for 247 missing Canadian passport. LINK:
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/
Article_Type1&c=Article&cid=1026143925475&call_page=TS_Canada&call_
pageid=968332188774&call_pagepath=News/Canada&col=96835011646
http://www.agora-inc.com/reports/HSI/WHSIC803
=================================
THE SOVEREIGN SOCIETY OFFSHORE A-LETTER. * SUBSCRIBE
FREE or send to a friend at LINK: HOME
PLEASE DO NOT RESPOND DIRECTLY TO THE A-LETTER.
SEND E-MAIL TO: INFO@THESOVEREIGNSOCIETY.COM
=================================
THE SOVEREIGN SOCIETY Ltd., 5 Catherine St., Waterford, Ireland
TEL: 353-51 844 068 FAX: 353-51 304 561
Copyright (C) 2002. All domestic & international rights reserved.
*******************ADVERTISEMENT*******************
OUTRAGE!
Billion dollar drug company hides astounding discovery of a natural cancer curb that's 10,000 times stronger than chemo; but without the side effects! Deep within the Amazon grows a tree that could revolutionize what you, your doctor, and the rest of the world thinks about cancer treatment and the chances of survival. The future has never looked more promising! Find our more by clicking here:
LINK:
==================================================
THE SOVEREIGN SOCIETY OFFSHORE A-LETTER. * SUBSCRIBE
FREE or send to a friend at LINK: HOME
PLEASE DO NOT RESPOND DIRECTLY TO THE A-LETTER.
SEND E-MAIL TO: INFO@THESOVEREIGNSOCIETY.COM
==================================================
THE SOVEREIGN SOCIETY Ltd., 5 Catherine St., Waterford, Ireland
TEL: 353-51 844 068 FAX: 353-51 304 561
Copyright (C) 2002. All domestic & international rights reserved.