Rich People Are Moving To Toronto?

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Somewhat surprising article from UK Telegraph but good economic trend they investigated. Read whole article here but below is a snippet.

Toronto is towering above the rest of the world’s luxury property markets, as the only city to record an acceleration in the sales rate of high-end homes from 2013 to 2014.

The Canadian city, well known for its economic stability, experienced a 37pc increase in the sale of luxury penthouses, apartments and houses in the 12 months to the end of December, after just a 4pc rise in the previous year, outstripping San Francisco, Sydney and Miami, according to a report from Christie’s international real estate group.

The study, which ranks the top 10 urban centres by the growth in sales of exclusive properties, found that the rate also slowed in Los Angeles, New York and Paris, while transactions declined in London, Dubai and Hong Kong last year.

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Top 2014 Restaurant Franchise Sales Statistics

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New sales stats have been released for the top 50 franchise restaurants of 2014. Good numbers to look at if you are thinking about investing in one. I’m only posting the top 25, so visit StatisticBrain.com for the rest of the list. (Statistics are total sales / average store sales)

McDonald’s $35,600,000,000 / $2,600,000
Subway $12,100,000,000 / $481,000
Starbucks $10,600,000,000 / $1,223,000
Wendy’s $8,600,000,000 / $1,483,800
Burger King $8,587,000,000 / $1,195,000
Taco Bell $7,478,000,000 / $1,363,000
Dunkin’ Donuts $6,264,200,000 / $857,400
Pizza Hut $5,666,000,000 / $883,000
Chick-Fil-A $4,621,100,000 / $3,157,900
KFC $4,459,000,000 / $957,000
Panera Bread $3,861,000,000 / $2,427,200
Sonic Drive-In $3,790,700,000 / $1,074,000
Domino’s Pizza $3,500,000,000 / $710,200
Jack in the Box $3,084,900,000 / $1,379,000
Arby’s $2,992,000,000 / $993,200
Chipotle Mexican Grill $2,731,200,000 / $2,113,000
Papa John’s $2,402,400,000 / $829,000
Dairy Queen $2,300,000,000 / $545,000
Popeyes Louisiana Kitchen $2,253,000,000 / $1,242,000
Hardee’s
$1,900,000,000 / $1,145,000
Panda Express $1,797,400,000 / $1,237,000
Little Caesars $1,684,000,000 / $465,000
Whataburger $1,476,800,000 / $1,996,000
Carl’s Jr. $1,400,000,000 / $1,470,000
Jimmy John’s $1,262,800,000 / $878,800

People Borrowing More from 401k’s

Via USA TODAY

More investors are taking out loans against their 401(k)s, and that could hurt their retirement income by hundreds of dollars a month, according to an analysis by Fidelity Investments released Wednesday.

The number of investors borrowing from their 401(k)s has been steadily increasing for more than a decade. Today, more than one in five people, or 22.5% of Fidelity’s 401(k) investors, borrow against their retirement savings, up from 18.7% in 2000, according to Fidelity’s analysis of 13 million investors.

More than 2 million investors have outstanding loans, and nearly 1 million took out loans in the past year.

Is Mexico Going To Silver?

Silver overall is a great investment to protect yourself against inflation. Just 6-7 years ago people were saying it would never go above $14/oz. Now it sits around $20/oz with many investors saying it’s severely undervalued.  Here is one piece of news pertaining to silver:

Investor and industrial consumption of silver has advanced at a healthy pace in 2014, so far. The silver price is up  5 percent as of July 15 from the beginning of the year. Globally, silver bullion coin sales are up 4.5 percent through the 1st quarter of 2014, according to precious metals consultancy Thomson Reuters.  U.S. Mint sales of American Eagle Silver Bullion coins maintained near record level sales, totaling 24.1 Moz for the first six months of 2014, just shy of the 25.0 Moz sold in the first half of 2013.

Last few months been picking up chatter about Mexico potentially backing their peso with silver. The website Economic Policy Journal ran a piece addressing the issue:

For many Americans the country of Mexico conjures up images of a third world nation. The poverty, lack of basic services, and extreme violence has left the populace so desperate that thousands of people on a daily basis head to the United States for a better life. But according to Future Money Trends, all that could change in the near future as key Mexican financial leaders and politicians have been working to institute sweeping monetary change that, if implemented, could unleash a global power shift of epic proportions.

Not a popular subject to discuss here in the U.S. is the rest of the worlds disgust with the devaluing of the American dollar through our Federal Reserve while racking up major debt. Many countries have now started trading in their own currencies:

Like recent monetary shifts in Russia, China and the middle east that aim to divest themselves of US dollar reserve trade requirements, the news of such a move in Mexico has been downplayed. And though it is being generally ignored as a serious possibility, a powerful consortium of influential people in Mexico believe it is a realistic possibility, and one that could be responsible for shifting the balance of world power.

You can read the rest of the article here.

If this ever got serious, Silver would be the major investment to be in along with Mexico markets. World Central Banks will put up a major fight in not letting this happen.