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How many of them owned crude oil in the Summer 2008? It still imploded 70%. Knowing something is a bubble or not doesn't give you much of an edge trading it. A simple stop on the way up and down is much more effective than trying to decipher crowd psychology IMO.

Let's say I have $1m in short term capital gains in a given tax year. How do you "manage" these taxes in the US to become significantly lower. As far as I understand the US taxes short term capital gains as ordinary income, i.e. according to the income tax schedule.

One thing I'd suggest every one to do is take an Excel spreadsheet, punch in your assumed (trading) income over the next 20, 30 or 40 years and compare your home country (e.g. US) with different low tax regimes around the world. If necessary, offset the estimated tax savings with higher living...

Even if you successfully dodge taxes (e.g. keeping your money hidden in some foreign bank accounts), it is extremely risky and difficult using your money to buy anything of value in your chosen residence. It would quite careless declaring EUR 50,000 in revenues per year while living in a...

That's completely untrue. Considerable numbers of tax dodgers are sent to jail every year in Sweden, Germany, Austria, France, basically all over Western Europe. Scandinavia specifically is notorious for people turning in their own neighbors to the authorities for tax dodging, out of...

The biggest personal freedom I care about is about keeping as much of my money to myself instead of handing it over to the government. Check out personal freedom and individual rights in a place like Switzerland, you'd be surprised about the level of democracy they offer.

In Europe, Monaco (very tough to get citizenship, but residency is possible if you can prove sufficient, legally obtained financial means), Switzerland, Cyprus are decent. Monaco has zero income/capital gains taxes. Switzerland has a flat tax regime for foreigners that has to be negotiated...

REALLY???? Bloomberg's Betty Liu exposed his endless charades in 11/2008: http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vCM4wglCjinI.asf Betty: "You have said you were shorting treasuries before, have you covered any of those shorts, since they have gone...

Earlier this year he said he was renting in Singapore: http://www.asiaone.com/Business/My+Money/Opinion/Story/A1Story20090119-115740.html

Einhorn and Paulson have public track records. What does Rogers have? We have no idea how his "can't lose, always winning" trade recommendations are doing in reality. We have no idea how Rogers makes his money. Index/ETF fees? Speaking appearances? Selling books? Selling his NY home? Capital...

They get a higher yield on the US Treasuries than they're paying on their own debt.

Probably his best trade ever. I read he bought it in the 70s for a few hundred k.

Amazingly Jim Rogers never had a losing trade ever in his lifetime. This man is a living phenomenon. Every trade always a winner! His "I've accumulated Dollars" is obviously conveniently reported after the fact. Had the Dollar crashed -20% over the last two months he would have resorted to...

The "need"? There is no need if you enjoy paying US taxes. Oh wait, if you just employ an army of smart lawyers and accountants you pay zero taxes in the States. How could I forget.

Did you read the thread at all? We were talking about RENOUNCING one's citizenship.

What a load of BS. How do the results of lawyers and accountants fiddling around with tax returns stack up against a 0% income/capital gains tax rate in Monaco?

Was the "up price action" in Gold any evidence of anything? Then why should it be any different on the way down.

Must be the hyperinflation they were talking about :cool:

Check the UK "non-dom" tax regime. The UK is a tax haven for foreigners with no UK income but who have significant offshore capital gains. It is actually somewhat similar to the Swiss flat tax regime for foreigners to the extent of not allowing any domestically sourced income.

Which rights? The right to pay horrendous taxes? :cool: The US has many things going for it as a place to live. Lots of relatively cheap real estate, very low cost of living (cheapest I know in the G7), amazing availability of products and services, good infrastructure, warm climate in the...