Founded in 1793 as a retreat for Duke Friedrich Franz I of what today is Mecklenburg-Vorpommern, Heiligendamm was known as the White City by the Sea for its cluster of 23 chalk-color buildings.
"If I buy nominal Treasurys right now, I can basically earn 0% in a 3%-inflation environment, so I'm losing 3% in real terms per year, " says Carl Friedrich, chief investment officer at Piermont Wealth Management in Woodbury, N.