Welcome back to Friday, TDVers! We trust the world is treating you well, or rather, as well as can be expected. Chelsea, nee Bradley, Manning was sentenced to 35 years for warning the citizenry that the government is morally corrupt. Yes, that's the USSA you live in.
Here's the link to Galt's Gulch, Chile. We're waiting.
Want to join in the discourse? Send your questions, comments, queries, and concerns to tdv@dollarvigilante.com, comment on a post, or get on the forums.
On to the feedback…
PRE-64 DIMES
Hey TDV,
I have a (for me) considerable amount of pre-64 dimes. If I were to move to another country, how could I manage to take them with me? I wonder if it would be possible to "sell" them to another party in say, Galt’s Gulch and buy them back on my arrival? I can buy and sell coins internationally, would there be that possibility?
Jack J.
Jeff’s Response:
Hi Jack,
I'm going to let Gary G chime in on this one as I'm sure he is salivating at the question. Especially how to get his horde of nickels in his basement down to Galt's Gulch when he goes next week.
But, from my perspective, I think there are a number of ways to look at this. First, what are you trying to accomplish? Are you asking if you should sell your pre-64 dimes in the US to someone and then somehow buy them back in Chile? If so, I don't think that is a possibility. But, why would you want to? Is it silver you want to own or just the junk silver dimes?
If I was going to move to Chile (and I am, as soon as my grotto at 1 Anarchist Avenue, Galt's Gulch Chile is built), I wouldn't want to keep a large amount of my precious metals in Chile. Nor for that matter will I likely ever become a Chilean resident. I'm currently a resident of a Caribbean country whose government leaves me alone and has no taxes applicable to me. I live the Permanent Tourist/Prior Taxpayer (PT) lifestyle. This means that I never really live anywhere where I am anything but a tourist and am treated very well wherever I am as opposed to the local tax chattel.
As we wrote in Getting Your Gold Out Of Dodge (a $44.95 report 100 page report on internationalizing your precious metals, or free for all TDV subscribers) I prefer to have a lot of my precious metals around the world to mitigate risk. The last places I would have precious metals are North Korea, the US, or Kanada (a place where some criminal gang purports to own me).
However, to follow up, I think there is a tremendous opportunity to become a precious metals dealer or storage facility in Chile. I'll be writing about that opportunity in an upcoming TDV newsletter.
Gary's Response:
Jack,
Holding silver in the form of US currency becomes fairly unecessary once you are out of the US. One of the advantages of "junk" silver is that it is has a face value that would make it handy in a Shit Hit The Fan situation here in the US. In the event that the US went through a Weimar Republic/Zimbambwe type hyperinflation, the pre-1964 silver coins could quickly regain use as an actual circulating currency. Even economically clueless Americans could readily start to understand value in terms of these old coins when their new coins and paper dollars become worthless. An old silver quarter can still buy a gallon of gas, for example. An old dime can buy a fast food burger.
But outside of the US? No point in holding precious metals with Uncle Sam's imprimatur. I, for example, have traded in most of the nickels I've been hoarding. And none of my silver is in junk form. Now that I've expanded my horizons, holding US coins just isn't very important anymore.
GALT’S GULCH
Hey everyone,
I am REALLY impressed with the push to Chile and Galt's Gulch. However, perhaps you could explain why there is no Passport service at TDV Passports for Chile?
Also – for those of us who need years to prepare due to family etc. to move to Chile, (regardless if that is too slow or not) what are some easy 'TDV' ways to start investing there NOW?
Thanks,
Eric
Jeff’s Response:
Hi Eric,
I don't want to be bragadocious, but we are always a step ahead. This is already in the works. In fact, we have the network to easily facilitate Chilean residency right now. You can contact the people at Galt's Gulch Chile if that interests you. The citizenship program is a bit less easy, however. But, we can also help.
The biggest issue is that to get Chilean citizenship you have to live in Chile for 4-5 years (at least six months of the year). However, if you plan to live at GGC this will be easy, and cheap, to do. Even if it is just six months of the year for the first few years or beyond. To show how internationally respected Chile is becoming, Chile will be the first country in South America to have visa-free travel in the US starting next year. Don't be surprised if the rest of the world starts accepting a Chilean passport just as quickly as they accept a Canadian or Singapore passport soon. And, also don't be surprised if Canadian, US and European passports start to become less accepted.
The West, as we know it, is sinking, and the East and the South is rising. It's a massive paradigm shift that we talk about regularly here at TDV and is all just a natural, political cycle as regions rise from the ashes, become prosperous, and then have idiotic collectivist ideas to "spread the wealth" or "help the poor" and then become fascistic, socialist or communist and destroy themselves. Human history is one long story of people being free, being taken over by anti-freedom ideals, and collapsing. Rome was one of the first. And, as we pointed out this week, Italy is now yet again collapsing after a renaissance of freedom a few hundred years ago.
My advice to humans who want to prosper: stay nimble.
