Posts Tagged ‘RBV’

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.

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“The Man with the Golden Balls” (apologies to Ian Fleming’s James Bond)

3 Golden Balls

“Two to one, you won’t get your stuff back”.

There is an old joke that these three balls mean – 

“Two to one, you won’t get your stuff back”.

But there’s more to it than that…far more……

(click on the balls above for a good yarn…go on…do it!) Enjoy…….

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.