September 2025 SC Q&A

Sovereign Confidential

Monthly Q&A

In this resource we've covered...

Another month, another round of questions worth asking—and answering. 

In September we found ourselves looking at both the practical and the speculative: Panama’s elusive path to naturalization, the uneasy froth forming in Portugal’s real estate market, and Donald Trump’s latest bid to make headlines with his very own “Gold Card” (with a Platinum one rumored on deck).

We also dig into the tightening of naturalization standards in the US, revisit the appeal of Colombia and Mauritius for residency, and explore the quirks of Panama Canal Zone citizenship. 

Here’s what’s inside:

  • Naturalization in Panama — where the law and reality don’t line up.
  • Portugal’s property market — speculative bubble forming?
  • Trump’s Gold Card (and Platinum tease) — what it really means.
  • US naturalization crackdown — “good moral character” now being enforced.
  • Mauritius — today’s retirement residency options.
  • Colombia — is it still worth it for a second residency and property?
  • Gold & US taxes — sales, trades, and gifts.
  • Panama Canal Zone citizenship — who actually qualifies.
  • Rick Rule’s Battle Bank — borrowing against gold coming soon.

World Events and Updates Naturalization in Panama: Law vs Reality Panama is a jus soli country, which means anyone born there is automatically a citizen. For foreigners, however, naturalization has always been possible but never easy.  The law sets out clear rules: five years of permanent residence for most applicants, or three if married to…

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