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| Fri, 22 Aug 2008 15:26:35 +0000 |
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Michael Phelps Reportedly Buys Luxury Condo In Baltimore
The New York Daily News is reporting today that Olympic swimming phenom Michael Phelps has purchased a $1.69 million condo on Baltimore’s waterfront. He’s also reportedly purchased a swim club and ice rink with the hopes of turning the facility into an Olympic training center. Now, he may turn his attention to a [...]
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| Thu, 14 Aug 2008 17:00:28 +0000 |
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Investment Guru Stresses Importance Of Gold
“With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.” - Friedrich Von Hayek
I’m not advocating a return to the gold standard but when governments lose on printing money, as is the case today, investors [...]
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| Mon, 11 Aug 2008 19:15:44 +0000 |
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RUSSIAN BILLIONAIRE SETS NEW WORLD REAL ESTATE RECORD WITH 500 MILLION EURO PURCHASE (about $750,000,000 USD) IN FRANCE
In the 1960s, Norman Jewison directed a small gem of a movie, “The Russians are Coming, the Russians are Coming.” The plot centers on the reaction of the residents of an oceanfront New England village to the crew of a Russian sub that runs aground just off the coast. Given the Cold War hysteria at [...]
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| Fri, 08 Aug 2008 18:41:08 +0000 |
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A Gilded Age Redux ?
Frequently, experts that I interview draw a parallel between over-the-top homes in the current market and the Gilded Age. Today’s Boston Globe makes a similar comparison in an article about a $23 million mansion being constructed in Boston.
According to the Globe, the owner, investment executive Ofer Nemirovsky, spent 10 years acquiring two adjacent properties at [...]
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| Thu, 07 Aug 2008 17:00:23 +0000 |
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Las Canadas To Join Punta Mita
A new homes development, Las Canadas, showcasing expansive, mountainside homes is being constructed in Punta Mita, Mexico, according to DINE, a Mexican luxury real estate developer. These private casitas, situated on the breathtaking Careyeros mountainside, will be priced from $1.45 million to $2.35 million. This enclave of 14 unique homes features amazing views of the [...]
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