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Thursday, October 29, 2020
wealthy-elites-buy-private-islands-to-isolate-from-“coronavirus-storm” 

Wealthy Elites Buy Private Islands To Isolate From “Coronavirus Storm” 

As the virus pandemic continues to spread around the world, demand is surging for private islands as wealthy elites escape virus-infected metros.  The evolution of elites abandoning cities started during lockdowns. Folks with economic mobility packed up their bags and headed to rural communities and towns as major cities were engulfed with the virus and resulting…
wealthy-homeowners-in-‘mad-rush’-to-flee-san-francisco

Wealthy Homeowners In ‘Mad Rush’ To Flee San Francisco

"There's a mad rush to get out of the city," said Ginger Martin, a real estate agent with Sotheby's who concentrates on high-end properties in the San Francisco Bay Area. "What I'm really doing well with right now is anything that's turnkey." The virus pandemic, economic crash, and social unrest has resulted in wealthy folks in the…
wealthy-chinese-rushing-to-move-cash-abroad-ahead-of-yuan-weakness

Wealthy Chinese Rushing To Move Cash Abroad Ahead Of Yuan Weakness

Wealthy Chinese citizens are going to great lengths to move money out of the country amid worries over a weakening Yuan and growing trade tensions with the United States, according to the Nikkei Asian Review. China caps foreign exchange to $50,000 per year, per person. For overseas investments, buyers typically use multi-member families to pool…
super-rich-turn-to-bunkers-to-self-quarantine-during-coronavirus-outbreak

Super-Rich Turn to Bunkers to Self-Quarantine During Coronavirus Outbreak

The super-rich are preparing to self-quarantine in places that are far off the grid, whether they be on private islands or inside disaster bunkers. This ultra wealthy group of people plan on taking their personal doctors or nurses on their privately chartered flights with them in the event they become infected and to reduce the…
the-wealthy-are-hoarding-physical-gold

The Wealthy Are Hoarding Physical Gold

Via SchiffGold.com, The world’s rich are hoarding gold – this according to data buried in a recent Goldman Sachs note to clients. In the note published over the weekend, Goldman recommended diversifying long-term bond holdings with gold, citing “fear-driven demand” for the yellow metal. Hedge funds and other large speculators boosted their bullish bets on gold…
ever-fewer-wealthy,-ever-more-poor,-projected-to-equal-ever-more-demand?!?

Ever Fewer Wealthy, Ever More Poor, Projected To Equal Ever More Demand?!?

Authored by Chris Hamilton via Econimica blog, Wealthier half of the world population (with incomes of $4k+) consumes 90% of total energy and oil. The under 65yr/old population of the wealthier nations begins declining (depopulating) in 2023, declining in excess of 10 million annually by 2035. Despite the imminent decline in working age / consumer…
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