From ABC:

Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again.

In September 2011, Saverin relinquished his U.S. citizenship before the company announced its planned initial public offering of stock, which will debut this week. The move was likely a financial one, as he owns an estimated 4 percent of Facebook and stands to make $4 billion when the company goes public. Saverin would reap the benefit of tax savings by becoming a permanent resident of Singapore, which levies no capital gains taxes.

At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to Saverin’s move, which they dub a “scheme” that would “help him duck up to $67 million in taxes.”

The senators will call Saverin’s move an “outrage” and will outline their plan to re-impose taxes on expatriates like Saverin even after they flee the United States and take up residence in a foreign country. Their proposal would also impose a mandatory 30 percent tax on the capital gains of anybody who renounces their U.S. citizenship.

The plan would bar individuals like Saverin from ever reentering the United States again.

“Eduardo recently found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time,” Tom Goodman, Saverin’s spokesman, told Bloomberg News in an email.

Last year 1,700 people renounced their U.S. citizenship.

One of the largest factors affecting the cost of mining is fuel. As fuel becomes more expensive, it will for the gold price to rise as well.

Silver is trading at $27.33/oz., €21.59/oz. and £17.24/oz. Platinum is trading at $1,427.50/oz., palladium at $592.60/oz. and rhodium at $1,300/oz.

One of the best investments of your time you will ever make.

I couldnt agree more.

If you have never watched the Crash Course series of videos, I highly recommend that you do. The creator of the Crash Course is a gentleman named Chris Martenson who is a former international Fortune 300 executive, holds a PHD specializing in neurotoxicology from Duke, and an MBA from Cornell. He is a friend of mine and an outstanding researcher and analyst. He has taken what was for me over 7,000 hours of personal study on economics, geopolitics, monetary policy, energy, and history and condensed it into a series of short, extremely easy to watch and understand videos.

Where Chris truly stands out is in his ability to take vast quantities of data and complex subjects, and explain them in a way that a 10 year old can understand.

Taking the time to watch these videos, and eventually study them to truly absorb the concepts may be one of the most valuable investments you ever make in your lifetime.

Click on the pic below to get started, you will be glad you did.

The Crash Course Video

If you would like to speak directly with Duncan during this conference, please contact AFE.

About the Shorex Wealth Management Forum:

http://www.shorexsingapore.com/

For the fourth time, the world’s leading Shorex wealth management forum is coming to Singapore to address the growing need of the Asian market for private banking, asset management and international tax planning solutions and services. The event is an exhibition and conference offering a unique platform where professionals can network to explore new services, products and ideas in wealth management.

Last year, the Shorex Wealth Management Forum attracted 30 exhibitors and sponsors and 1294 participants from Singapore, Hong Kong, India, Indonesia, Malaysia, Thailand, Vietnam, Korea, Taiwan, the Emirates and China. After 10 years of success in Geneva as the most credible European platform for professionals advising HNWIs, Shorex is holding for the fourth year its sister forum in Singapore, the undisputed centre of wealth management excellence in Asia. The event mainly focuses on professional advisors to HNWIs, institutional investors but also welcomes ultra net worth qualified investors invited by our private banking partners. The event is expected in 2012 to attract over 50 exhibitors and 1400 delegates.

International Convention & Exhibition Centre
1 Raffles Boulevard, Suntec City,
Singapore 039593
DATES: Tuesday 22nd & Wednesday 23rd May 2012, VENUE: Suntec Singapore – Level 2 – Ballroom 2 & 3

The April 2012 issue #39 of the AFE Global Insider is now available for download free of charge.

In this edition, AFE’s Director of Treasury Simon Heapes addresses the many instances of what we fondly refer to as “leprechan gold deals” that are often circulated through the internet. Simon reveals how many are suckered into these scams, how to identify them, and how to avoid them. I cover current geo-political “Gold Drivers” and we take a hard look at the current environment as well as the factors which will cause gold to rise or fall over the long term.

You can download the AFE Global Insider #39 here free of charge. Please enjoy with our compliments.

I must admit that AFE’s Duncan Cameron has truly outdone himself in this edition.

On the very first page of his report this month I was rocked by the sheer force of only a few paragraphs in terms of the understanding of what exactly is happening in our economy today and why it is so important to protect ourselves in this financial environment.

For anyone who wants to understand one of the primary reasons why gold is so favorable as a store of wealth, one needs simply read this edition of the GI where Duncan explains over a detailed 13 page report the history of the debasement of currency going back as far as 2600 years and compares it to where we are today.

If ever you wanted to show someone why their paper money is buying less gas, less food, less electricity, less of everything every single year, they need only read this article.

I highly recommend it, and recommend even sending it to your friends and loved ones.

Please enjoy this March edition of the AFE Global Insider with our compliments.

You can download Edition #38 of the AFE Global Insider here