|
|
|
God's Diplomacy - International Trade and the Macedonian Economy
A British politician, Richard Cobden once (1857) wrote:
"Free Trade is God's diplomacy and there is no other certain way of uniting people in the bonds of peace"
International, free trade is particularly important to...
Is there any money left in currency trading?
Currency trading may be one of the most liquid forms of trading,
but it is also a volatile market that requires strategy if you
wish to make money. The truth is that more people make small
profits in this market, while a few are highly...
Online Shopping: The Joy Of Online Shopping
Online shopping is fun because it is convenient and allows one
to review and check out the products and services first at many
shopping stores and malls before making a buying decision.
No matter what you desire, you may find it online by...
Return on Investment Guidelines
Return On Investment Guidelines By William Cate July 2004 [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] Investment reward should be a function of speculation...
The China Bubble
The China Bubble By William Cate Bubbles are good speculations. They are terrible long-term investments. If you sold your DotCom shares by March 2000, you did well. If you still own those shares, you are reading this article from the Poor House. If...
|
|
| |
|
|
|
|
|
|
Income Opportunities for Adventurers
Income Opportunities for Adventurers
By
William Cate
If you want to spend your life seeing the world and not forty years condemned to an office cubicle, how can you do it? In the past, the solution was to write books, articles and give travel lectures. The demand for adventure literature has been in decline since the 1960s. Today, you can't expect to use your communication skills to fund your wanderlust.
If you are an adventurer, the secret to a sustainable income is to export a quality item that has little value in the country where you are acquiring it. The same item must have great value elsewhere the world. Whatever the item, it can't have broad enough appeal to interest major import/export firms. And, it must be legal to trade in the item.
Examples of Exports that Haven't Work for Adventurers
You can find high quality, handmade textiles in the Andes. In the 1970s, a few South American explorers saw the potential U.S. Market for these woolens. They bought wholesale and exported to friends and small shops in the States. The Andean Indians sold their wares in quantity. For the weavers to meet export quotas, the quality of the handmade items quickly declined. Meanwhile, major American retailers saw the demand for the woolens and sent their buyers to South America. It wasn't long before the American Market was flooded with poor quality, handmade woolens from South America. The lesson is to avoid dependence upon volume buying of handmade anything.
Too many adventurers realize the fact that a tropical bird fetches a few dollars in Asia, Africa and South America and hundreds or thousands of dollars in the States. They buy the birds or hire locals to collect baby birds in the nearby rainforests. About this time, they learn that it's illegal to ship the birds to the States or the European Union and often it's illegal to export them from whatever country was the source of the tropical birds. The adventurer loses money. The local environment loses part of its tropical bird breeding population, since few of the birds will survive, if returned to the jungle. The lesson is find out what is legal, before you do anything else. Avoid hassles, loss of limited resources and wasted time and effort.
A Few Examples of Exports that Have Worked for Me
Few niche exports have consistent consumer demand over time. Often the local people see that you are making money and either go into competition with you or make the export illegal. Also, you face the risk that the retail price for the item becomes known to your local suppliers. That usually means that the cost of the item to you will jump, often beyond where you can export it at a profit.
Capital preservation was a popular
investment defense in the 1970s. The gold price was moving up and inflation was on the horizon. Two West Germans approached me in South America with a proposal that I supply them with preserved and mounted jungle insects. The proposal was simple and profitable. I returned to the Amazon, hired a few local Indians and proceeded to collect, preserve, package and ship assorted insects. The business went well for about nine months. The prices I was being paid steadily rose to dizzying heights. Then, the local military commandant declared the exports illegal. He argued that the business was having a serious impact upon the local jungle environment. I replied that the DDT, still being sprayed in the local towns, was doing far more environmental damage. I lost the argument and went out of the insect business.
I flew to Bonn to collect my last check. For nine months, I'd been wondering what the West Germans were doing with all those insects. When we met over dinner, I asked them about their insect business. They were selling the insects as "investment grade" insects to hard currency German investors. Apparently, insect prices had held strong against Deutsch Mark inflation. I wonder how many Germans still hold insects along with their gold for the next period of high inflation.
Next to precious metals, gemstones were a favorite investment of the hard currency crowd in the 1970s. I'd buy small amounts of good quality gem rough in Columbia, Venezuela and occasionally in West Africa. I'd sell it in New York and Amsterdam. As the miners came to realize that gem prices were radically moving upward, their prices to me adjusted accordingly. Within about three years, I couldn't make a profit in the gem trade.
The one item that has consistently been profitable has been buying junk overseas and selling antiques wholesale in California. Many countries outlaw the export of anything made before 1958. My advice is confirm what antique exports are legal and avoid countries that make antique exports illegal. The buy junk sell antiques can be a consistently profitable business for any adventure traveler.
Anyone can see the world and make a good living doing so. If you need help finding buyers for your high value exports, contact me at: beowulftrading@earthlink.net or visit the Beowulf Trading website:
http://home.earthlink.net/~beowulfinvestments/beowulftrading/ From experience, I have a variety of tactics that can keep you on your Royal Road to Adventure.
About the Author
William Cate has been supporting his global travels with high quality imports for decades. He can be contacted through the Beowulf Trading Website: the Beowulf Trading website:
http://home.earthlink.net/~beowulfinvestments/beowulftrading/
|
|
|
|
|
| Currency Trading, Forex Trading, Forex, Online Currency Trading |
| Offers 24 hour online currency trading for institutions and professional traders. |
| www.fxcm.com |
|
| OANDA FXGame - Currency Trading Demo Platform |
| You can start playing the currency trading market with real market conditions ... The platform was created with the goal of making currency trading ... |
| fxgame.oanda.com |
|
| Forex | Forex Trading | Forex Minis | Online Currency Trading |
| FOREX.com - THE site for forex trading. 24hr commission-free currency trading w/ real time execution and guaranteed fills. Forex mini accounts from $250, ... |
| www.forex.com |
|
| Currency Trading News, Forex Trading News, FX News, Forex News |
| Currency Trading News, Forex Trading News, FX News, Forex News - Daily FX. |
| www.dailyfx.com |
|
| Currencies - Currency Converter & Latest Rates at CNNMoney.com |
| Dec 6 1:18pm ET †, US $, UK £, Japan ¥, Euro €. US $, 0.5079, 115.05, 0.7517. UK £, 1.969, 226.50, 1.4798. Japan ¥, 0.008692, 0.004415, 0.006533 ... |
| money.cnn.com |
|
| FOREX Advisory |
| The CFTC urges you to be skeptical when promoters of foreign currency trading claim that their services or account management will earn high profits with ... |
| www.cftc.gov |
|
| Forex Trading: Online Currency Trading from Global Forex Trading |
| Global Forex Trading is the premier online foreign currency trading firm and a primary market maker. To learn more about forex trading, visit GFTForex.com. |
| www.gftforex.com |
|
| Amazon.com: Foreign Currency Trading: From the Fundamentals to the ... |
| Amazon.com: Foreign Currency Trading: From the Fundamentals to the Fine Points: Books: Russell Wasendorf by Russell Wasendorf. |
| www.amazon.com |
|
| Forex, Online Currency Trading, FX, Foreign Exchange | ACM Forex |
| Forex Trading with The Forex Broker. ACM offers online currency trading, commission-free, tax-free, lowest forex spreads on the market, guaranteed fills, ... |
| www.ac-markets.com |
|
| OANDA FXTrade - Currency Trading, Forex Trading, Online Currency ... |
| Currency Trading with FXTrade, leader in online currency trading, provides real-time execution, free forex charts and quotes, and 24 hour forex trading. |
| https: |
|
| Forex-Day-Trading.com - Currency Trading with FREE Training |
| Learn how to day trade currencies with our free training. Try a free forex trading demo for 30 days. |
| www.forex-day-trading.com |
|
| Forex Online Currency Trading: Welcome to Global Forex |
| Global Forex offers online currency forex trading at inter-bank FOREX rates. Try our FREE online forex demo trading system. |
| www.globalforex.com |
|
| Forex trading - Realtime Forex online currency trading |
| Realtime Forex offers commission-free online currency trading on live foreign exchange prices. Realtime Forex’s currency trading service also includes free ... |
| www.realtimeforex.com |
|
| Forex Blog |
| Forex news blog with daily commentary. Has a good beginner's article. |
| www.forexblog.org |
|
| Common Questions About Currency Trading |
| Whether you're puzzled by pips or curious about carry trades, your queries are answered here. |
| www.investopedia.com |
|
| OANDA FXTrade - Currency Trading Basics |
| Currency Trading Basics. Exchange Rates and Spreads: ... In currency trading, these codes are often used to express which specific currencies make up a ... |
| fxtrade.oanda.com |
|
| Currency trading, free forex charts, news and analysis |
| Online currency trading with technical analysis, charts and forex news. |
| www.gfforex.com |
|
| Finance - Currency-Trading Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
|
| MGFOREX |
| MG Financial Group - Forex, FX, Online Forex Trading. |
| www.mgforex.com |
|
| DirectoryM - Debt Settlement Solutions |
| Simply provide your contact details and describe your needs to receive a free consultation from business or personal debt service providers. |
| www.directorym.com |
|
|