Socialists never seem to appreciate the burdens of the rich. If you are extremely rich you have to take immense precautions to keep your wealth intact. Apparently storing your gold in this particular hideaway can cost you as much as 1% per annum of your hoard."Deep in the Singapore FreePort - a collection of secure storage facilities in a duty-free zone covering 7.4 acres next to Changi Airport - sits the bullion vault of Swiss Precious Metals. The gold there is protected by seven-metric-ton steel doors built to withstand a plane crash or an earthquake." (Bloomberg Businessweek, 29 September) Outside Changi Airport some of the most impoverished people in the world live who have no worries about plane crashes or earthquakes destroying their wealth - they have none.RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
Subscribe to:
Post Comments (Atom)
-
Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria... -
Ecuador's President Rafael Correa said Washington must let him open a military base in Miami if the United States wants to keep using an...
No comments:
Post a Comment