In Andrew's intro, he talks on taking a break from the nomad lifestyle and briefly touches on New Year's resolutions. Today's guest is Eric Highsmith, the director of Scottsdale Mint, a US based company that manufactures bullion. Eric discusses why you should diversify your investment strategy and how to safely transfer your gold to Singapore.
Key Takeaways:
Andrew's Editorial:
[3:00] Take a vacation.
[7:00] Tired of paying too much tax? Live somewhere else.
[8:40] Andrew didn't want to send 40-50% of his income to the IRS.
[9:30] You can save money!
[11:30] Take action now.
Interview:
[15:10] Why did Eric get into the gold market?
[21:10] Is gold a dead asset?
[25:20] How is Eric diversifying?
[27:30] Does he plan on branching out into other metals?
[29:40] How can you get your personal gold into Singapore?
[35:25] Biggest challenge of having a business? Partnering with the right people.
[39:15] Who you trust is very important for diversifying your money and portfolio.
The Lighting Round:
[40:50] One country – Singapore.
[41:35] One business – A bar.
[42:35] One book – Anything by Warren Buffett.
[43:10] One tool – Cellphone.
Listener Question:
[46:10] Subscribe to us on iTunes.
[46:25] Where to celebrate a Nomad New Year's Eve?
[48:15] Dubai, Abu Dhabi and other places in the Middle East.
[49:25] Check out European countries like Spain and Scotland.
[50:40] New to being a nomad? Go to Asia.
Mentioned in This Episode:
http://nomadcapitalist.com/
