Several weeks ago, Russia announced a significant energy deal with China, a transaction considered by many as a response to Ukraine-based sanctions against Russia imposed by the West.
Monthly Archives: July 2014
Be Prepared, FATCA is coming!
Originally Posted June 6, 2014 –
What is FATCA? Officially known as the Foreign Account Tax Compliance Act, H.R. 2847 became law in March of 2010 but will take effect around the world on July 1, 2014. The ‘official’ goal of this law is to find offshore accounts held by U.S. taxpayers seeking to avoid paying taxes on them. Under the law, banks from around the world will be asked to sift through their accounts to look for clients with U.S. connections, then share that information with the Internal Revenue Service.FATCA targets money laundering and other forms of tax evasion but has potentially dire consequences.
The Question of Gold Confiscation
Originally Posted May 7, 2014 –
One of the most frequent questions asked of us here at Jack Hunt’s involves the possibility of gold bullion confiscation by the US government, similar to what happened in 1933.
Seven Thoughts On Gold – What’s Currently Driving The Market?
Originally Posted Feb 5, 2014 –
The following is simple assortment of gold related news items for your consideration. There is no theme among these points, although the demand for gold by the Chinese is a recurring topic. The increased demand for physical gold in Asia and the transfer of gold from west to east will continue to significantly impact the cost and availability of gold at some point in the future.
China, The Gold Story of 2013
Originally Posted Jan 6, 2014 –
Looking back at 2013 what was the most significant story in precious metals? In my opinion it’s clearly China’s continued growth in its physical gold reserves following a trend that started in 2009..Here are the numbers.