Silver as an investment

What’s happening with gold & silver?

Gold Bullion / By Simon Black / March 1, 2013

For the last few weeks, I’ve had a steady stream of visitors make the trek down to Chile to escape the Northern Hemisphere winter and get a little taste of freedom.

Chile is a place that will soon be the easiest place in the world to establish a business. It’s already one of the easiest places in the world to obtain residency.

The central bank isn’t printing the currency into oblivion. The commercial banking system is conservative and well-capitalized. And contrary to uninformed opinions, Chile is a tax-efficient place to be– tax revenue as a percentage of GDP is the LOWEST in the OECD.

Most of all, this is a very safe, modern, civilized place where they generally just leave you alone.

This lesson was underscored soundly when I went to the airport a few days to pick up an old friend. I actually parked my car in the passenger drop-off area, and left it there unattended.

When I returned 5-10 minutes later, there was no SWAT team waiting to body slam me to the ground. No bomb squad. No cash-sniffing dogs. Nothing. Nobody cared. That’s because Chile has no police state paranoia… and it’s quite refreshing.

With that, I want to address the most frequently asked question we received this week: “What’s happening with the gold price?”

Undoubtedly a lot of people are concerned about precious metals right now.