Tag Archives: Mayfair Economy

Land Rover of Redwood City, CA Sells First Land Rover for Bitcoin

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“BitPay Inc, the world leader in business solutions for virtual currencies, announces that Land Rover of Redwood City California is its most recent business to start accepting bitcoins using BitPay . Serving the San Francisco metro area, Land Rover of Red wood City is the first Land Rover Dealership to accept bitcoins.  The dealership was approached by a prominent Silicon Valley Venture Capitalist wanting to purchase a new vehicle with bitcoins. The team had very little knowledge of bitcoins to draw from.”

http://btcbible.com/landrover-redwood-city/

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Historic 1oz gold coin goes for $4.6 million at auction

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“The first gold coin ever made in the United States fetched a record $4.58 million on auction last week, while a nickel made at the Philadelphia Mint in 1913 raised $3.3 million.  Th so-called Brasher Doubloon, the country’s first gold coin denominated in dollars, has been off the market since it was bought by a Chicago resident in 1979 for $430,000.  Blanchard & Co., the New Orleans-based coin and precious-metals company that brokered the deal, said the doubloon was purchased by a Wall Street investment firm. Identities of the buyer and seller weren’t disclosed.  Minted by Ephraim Brasher in 1787, a goldsmith and neighbour of George Washington, the coin contains 26.66 grams of gold.”

http://www.mining.com/historic-1oz-gold-coin-goes-for-4-6-million-at-auction-78428/

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The One Place They Can’t “Bail In”

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“In just the last year, giant secured private vaults located in free ports have opened, or are about to open, in Geneva, Hong Kong, Luxembourg, Monaco, Panama, Shanghai, and Singapore. Clients pay monthly or annual fees for secure storage, generally based on the value of the goods they keep there.  In addition to the tax advantages, private vaults aren’t part of the global financial system. It’s difficult – and often impossible – for a foreign government to confiscate the goods kept in a private vault. And the information-exchange and asset confiscation agreements that the US and other high-tax countries have forced low-tax countries to sign don’t apply to assets outside the financial system.”

http://www.nestmann.com/the-one-place-they-cant-bail-in

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Average Swiss wealth hits record high in dollar terms

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“The average Swiss adult is worth a world-beating $513,000 (CHF467,000), seeing off competition from Australia, Norway and Luxembourg, according to the 2013 Credit Suisse Wealth Report.  Average global wealth also established a new high at $51,600 per adult, the first time this has passed the $50,000 threshold since 2007.    Australia ($403,000), Norway ($380,000) and Luxembourg ($315,000) all experienced an increase in wealth per adult and retain their respective second, third and fourth places from 2012.  The United States, Sweden, France, Singapore, Belgium and Denmark are close behind, with average wealth per adult in the $250,000 to $300,000 range.”

http://www.swissinfo.ch/eng/business/Average_Swiss_wealth_hits_record_high.html?cid=37080808

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Real estate developer wants to sell his $7.85 million mansion in Bitcoin

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“The sale of a $7.85 million mansion in Las Vegas could be the largest transaction done in the virtual currency Bitcoin ever.”

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Vegas Mansion San Francisco, For Sale For 9311 Bitcoins

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“La Maison des Jardin located in the Renowned Spanish Trail! A European beauty tucked away on 3 golf course lots. Secret lush gardens surround a 25,000 Sqft home flooded with inviting light. Soaring ceiling combine Formal classic architecture with contemporary touches. Huge rooms finished with the finest materials. separate guest home and staff quarters for a formal lifestyle. Large home with many intimate spaces!”

http://www.eggify.com/real-estate/houses-apartments-for-sale/vegas-mansion_i1483

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Chinese Millionaires Are Leaving The Country In Droves

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“A new report shows that 64 percent of Chinese millionaires have either emigrated or plan to emigrate—taking their spending and fortunes with them. The United States is their favorite destination.  The report from Hurun said that one-third of China’s super rich—or those worth $16 million or more—have already emigrated.  Previous studies show the main reasons rich Chinese are leaving is to pursue better educations for their kids, and to escape the pollution and overcrowding in urban China.  But analysts say there is another reason the Chinese rich are fleeing: to protect their fortunes.   According to WealthInsight, the Chinese wealthy now have about $658 billion stashed in offshore assets.”

http://www.businessinsider.com/chinese-millionaires-leaving-the-country-2014-1

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Swiss banks devise new ‘cash’ strategies for clients

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“As Swiss banks lose their secrecy tag, some bankers here are coming up with innovative ideas to lure rich clients from India and other countries by providing services like ‘cash courier’ as well as by offering large metal vaults to store currency notes, gold, artworks and other valuables.  Also on the platter is advice to put money in virtual currencies, especially in the wake of Bitcoin ATMs becoming operational in Zurich.”

http://economictimes.indiatimes.com/news/international/business/swiss-banks-devise-new-cash-strategies-for-clients/articleshow/29152732.cms

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‘Apocalypse Now’ painting by Marfa artist sells for $26 million

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“‘Apocalypse Now,’ a 1988 painting by Marfa and New York artist Christopher Wool, sold for $26.5 million at a Christie’s auction house post-war and contemporary art sale Tuesday evening in New York.  New York art dealer Christophe van de Weghe bought the work on behalf of a client, according to reports.  The seller is reported to be a former member of the Guggenheim Museum’s board of directors who pulled the work from a current exhibit of Wool’s art at the iconic Frank Lloyd Wright-designed museum.”

http://bigbendnow.com/2013/11/painting-by-marfa-artist-sells-for-26-million/

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Bill Bonner: Should You Turn Bullish in 2014?

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“As far as we know, as long as the Fed keeps pumping, prices for stocks, Andy Warhol doodles and Manhattan apartments will keep going up.  But that doesn’t mean any of them are good investments.  Stocks, for example, are an option on a bigger Fed-induced bubble. But they’re not cheap.  A simple look at the 12-month “as reported” P/E for the S&P 500 will tell you that.  Could this continue? Yes, of course. Or, it could blow sky-high.  Yes – 2013 was one for the history books; 2014 almost surely will be, too.”

http://www.bonnerandpartners.com/should-you-turn-bullish-in-2014/

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