Posts Tagged ‘IMF’

2014 is a year that will be a year of DRAMATIC change – for pretty much everyone, I believe. Please allow me to expand on this – just a little….or if you prefer, let’s just say that I’m happy to stick my neck out a little…or a lot if the situation at hand necessitates it.

VANUATU has a very good chance of putting down strong roots in 2014, roots that would propel it onto a path of greater self-determination. This can/should come from a number of areas such as the Vanuatu Government doing everything in its power, as a currently forgotten and/or to-date ignored Member of the WTO, to revive the kava export industry (Australia would be an appropriate start, methinks), continuation of the progress being made with regard to the legitimization of land ownership claims, planning and implementation of Vanuatu’s attractiveness as an IT-savvy and IT-friendly place within which to conduct an IT-related business, for instance – call centres for major off-shore corporations and financial institutions and the like.

Spot Gold Price 10 Years to 2/1/2014GOLD has been an absolute boon for Gold INVESTORS (Note the emphasis on “Investors”?). Its spot price has steadily deteriorated over the past two years or so thereby giving “dollar-cost-averaging” Investors (there’s THAT word again) the opportunity to make a mid-to-long-term killing.

Locally (Vanuatu and Australia), there’s a lot that can be said about the good, the bad and the ugly side of politics and bureaucracy. Some of it is refreshing, some disgusting, some appalling and some – just plain bloody unbelievable in its apparent untouchable temerity!

And finally, there’s the insane, the crazy, the weirdness or purely absurd and/or funny as hell.

So stay tuned for a mix of all of this in the year ahead – 2014 – the year of change! For better or worse? Well, to a very large degree, it’s all going to come down to what YOU do…or NOT do.

www.vanuatugoldwatcher.com

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VNPF

Vanuatu National Provident Fund

Here is Part Two of Keep Your Grubby Hands Off OUR Money!”  Enjoy….

(Note: All of my media articles can be found on the Home page of “The Watcher”  or here (The Money Connection).

By now, you all know of my passionate interest in anti-corruption and my activist role in attempts to change things for the better in Vanuatu. The Vanuatu government ratified a UN Convention, 2 years ago, wherein an anti-corruption body was to be formed. This has not happened yet and time is running out for the government to meet its UN obligations.

ralph regenvanuFortunately, the new Cabinet includes Ralph Regenvanu, the new Lands Minister, President of the Graon mo Jastis Pati and current Government Spokesman. I say “fortunately” because Ralph is also an enthusiastic anti-corruption advocate. As such, I am hoping and anticipating that he will “make it happen”, sooner, rather than later.

On the world scene, things have also been pretty chaotic – Civil wars in Africa, Cyprus citizens robbed of their savings, calls by Germany for the Italians to have some of their personal wealth confiscated as well (15%), attempted leadership spill in Australia, South Korea and Guam are on “high alert” due to North Korea making a lot of noises about war and Argentina pushing to take over the Falklands again in light of the first-ever commercial oil discovery there. Hope the situation doesn’t arise where another “Maggie Thatcher” is needed again, as in 1982!

A word or two on GOLD. The “mates club” members – IMF, WTO, World Bank, EU, US Federal Reserve and the ECB have done a cracker of a job in their apparent common goal of creating economic chaos. Their so-called attempts to “stimulate growth” have been a hoax. Why? Well, they continue to debase the global currencies ad nauseum and simultaneously decry the value of GOLD (E.g., Ben Bernanke’s stated view that gold is NOT money) but what are they doing in practice? Surprise! They’re buying gold as if there were no tomorrow. For the first time in 20 years, the Central Banks became net BUYERS of gold in 2011 and have retained that position ever since.

VNPF

Vanuatu National Provident Fund

Pension Funds, worldwide, are now pushing to have a proportion of their assets allocated to gold (Hmmm, I wonder what the VNPF’s position is on this?). Note: I know that the current Reserve Bank Governor has stated that Vanuatu has no gold nor is there any intention of having gold in the nation’s coffers.

These two trending factors, Central Bank buying and Pension Fund buying combined with an increasing private demand for gold, stand to push up its prices and in my view, dramatically.

There are many indicators emerging that suggest that 2013 could well be the watershed year for global finances. The issue is not whether we’ll feel any pain from a global financial collapse but rather how much pain and how soon? In times such as these, gold always proves its worth as a “store of value”. Got some? No? Get some.

giant_wave_goldcIT’S COMING – Will you be able to ride it out? – 

“The Golden Tsunami – Krakatoa Style”

Looking back on 2012, what would you rate as the most important/significant events of the year? What about yourself? Did you have a good year…or something else? For some thoughts from yours truly, check out my first diatribe for 2013 – “The Certified BULLS**T Club – New Members Welcome!

Globally, I feel it’s fair to say that the major events of the year were the US Presidential elections, events in Syria and the London Olympics. Whatever the world events, it’s the things that happen in YOUR close world of friends, family, business colleagues and community that affect you most and therefore are most likely to hold priority for you.

For most of the people I know, it’s been a financially challenging year and for some – devastating. Businesses closed down, bank re-possessions, jobs lost, no money for school fees and so on.

Sure, there have been some individual successes as well. I wish I could name some of these great people, men and women who are quietly achieving….in the true sense of the word. I won’t though, as they are unequivocally entitled to their privacy. I can say this – I’m eagerly awaiting the next 12 months as these people continue to grow their successes, more often than not because of the challenges faced by them. The most personally gratifying factor for me is that each and every one of them is, without exception, a good person and human being!

2012 was an interesting year for yours truly. Apart from a couple of temporary “nasties”, it was a pretty good year from a health perspective. I have worked with some really cool and successful people this past 12 months. Had some fun too…..small stint on radio, my regular shell (or two) with my nakamal mates, some special occasions with my wife and social occasions with friends. Overall, I consider 2012 to have been a good year ending in a foundation for an even better 2013.

Okay, now let’s leave the beer & skittles and roses behind for a spell…….

My perception is that there is a distinct air of “change” omnipresent. I have heard it said many times recently, in many different quarters, that people are looking to 2013 as a year of change – for the better. Perhaps we are on the verge of an era that will bring with it a greater participation, numbers-wise, in meeting the challenges ahead, in concert with others and for the benefit of all. I hope so. It’s not going to be an easy task but one that is ”do-able”.

Gold Medal Award-January 2013I plan to keep up my writings to you, dear reader and with a bit of luck, keep you entertained as well as informed. I’ll also be doing my bit on the anti-corruption front, particularly locally, so you can expect to read/hear more on this subject. On that note, I ask that you check out the “Certified BULLS**T Club” site and please, if you feel you have a possible contender for an award, send in your nomination for the inaugural January Awards.

Why "VANUATU GOLD"?

Why choose “VANUATU GOLD” as my heading?

Simple – I have been living in VANUATU for over 7 years and I am a firm believer in the merits of investing in GOLD!

VANUATU is a treasure in itself. “Yes!” – of course it has its own frustrating elements about it. It takes time to get anything done here (just ask anyone who is building a home here or has to have any dealings with the Lands Dept.) and as for the shopping – bloody expensive (due to the cost of imports) and a very limited range of goods available. On the upside, however, is the lack of restrictive Rules & Regulations, no traffic lights (you gotta love that!), NO INCOME TAX, wonderful people with a strong attachment to their traditional culture and great weather.

GOLD is the one element on this planet that is virtually indestructible! Every culture throughout history has revered it. Governments print “money” without apparent fear or favour (look at the US at present) and have their economic policies based on false premises. HOWEVER, those economies/currencies which are backed by strong GOLD reserves are those that will ultimately do well/better during times of financial crisis or what may be coming and that is – a financial holocaust. Which currencies would I invest in right now? Easy – the Swiss Franc and the Yuan. The $US is an absolute basket case. The US government’s bail-out policy (and those of follower nations such as the Eurozone and Australia) of ‘rescuing’ private commercial enterprises such as the banks, finance companies, car manufacturers and the like is DOOMED to failure. It is at best a band-aid solution to a situation that requires major surgery without anaesthetic. If we don’t bear the pain now, it will become a financial near-“life and death” situation sooner than most people realize. Watch out in in late 2012 as I believe that’s when it will “hit the fan”! Soooo – consider your GOLD position before then.