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:
