Time for a Golden Turkey – Asset Protection Planning
I will keep this newsletter short and sweet. Quite frankly there are probably only 3 of you reading it anyway while the rest of you are eating pecan pie and watching football on the couch. So there’s not much use in spending a lot of time wowing you with my mediocre writing ability.
Thanks to those of you that correctly submitted your CV last week for the job posting. I am reviewing all of the submissions and will contact you if there seems to be a possible fit.
This past week has been exceptionally busy as we have been in the middle of a long needed website upgrade. As I mentioned in a previous newsletter, the old website was cutting edge…in the ‘90s.
It also did not truly reflect our service offerings. I would appreciate it if you would please visit the website and give me any feedback, good or bad, on what you see. The entire site has been redesigned as well as updated services and bio pages.
The site still does not reflect all service offerings, but frankly, there are some things I’m not willing to advertise.
I have had the pleasure over the past couple of weeks of speaking to several PT’s. For those of you unaware of what this means, a PT stands for perpetual traveler or perpetual tourist. Essentially this is more of a mindset and a lifestyle than any concrete life plan.
A PT lives his life in a very peaceful, low key manner and plants multiple flags to ensure his or her freedom. You have read my newsletters many times about planting multiple flags, or what I call geo-arbitrage.
Basically this means arranging your life in such a way that you have minimized your financial and personal risk with multiple passports, residency outside of your home country, investments in one country, business in another country, bank accounts in another country, etc.
Certainly this seems to be very James Bondish and maybe even a bit overwhelming, but in reality it is not as difficult as it sounds and can be a very rewarding lifestyle.
Some of you are probably aware of these tactics and clearly many of you are living this lifestyle already while others of you are very curious, but skeptical. My recommendation to you is to go one step at a time.
The first step I recommend is to have an offshore bank account. This gives you a bit of financial security knowing a portion of your savings are outside of the US legal system. There are way too many examples of people having their accounts frozen or seized for no good reason.
One unique opportunity I have found is to set up an account with GoldMoney. While this is not a traditional cash bank account, it nonetheless offers a great first step towards your geo-arbitrage strategy.
If you have been reading my newsletters for awhile now (see; ‘Unreportable Real Estate and Precious Metals’), you will know that offshore precious metals need not be reported to the US government unlike bank accounts over $10,000.
GoldMoney was founded by James Turk and his son Geoff in 2001 and held the patents for the use of gold as an electronic currency. This gives account holders the unique ability to pay and receive payments with goldgrams giving you complete privacy of financial transactions.
GoldMoney provides a secure storage of physical metals (not paper gold like with ETF’s) in Zurich, London, and Hong Kong. You can take delivery of your precious metals at any time.
There are many options available for holding precious metals, but few offer the same benefits as GoldMoney with the same ease of account set up.
Contact us today to schedule your free 30 minute asset protection consultation.