Four Currencies BEATING the US Dollar
ฝัง
- เผยแพร่เมื่อ 17 พ.ค. 2024
- Become a Client: nomadcapitalist.com/apply/
Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: nomadcapitalist.com/email
Get on the waiting list and join us for the next Nomad Capitalist Live:
bit.ly/3TE0iPm
Join us as we delve into the world of currency and investment opportunities, discussing the real-world impacts of being a nomad capitalist. Discover which currencies have strengthened against the US dollar in the last five years and explore the potential for diversification, residency permits, citizenships, and higher returns. From the Mexican peso's resurgence to insights on Swiss francs, Singapore dollars, and beyond, we'll navigate the global financial landscape together, uncovering opportunities for growth and security in an ever-changing world.
Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best."
Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home.
Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.
If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.
Become Our Client: nomadcapitalist.com/apply/
Our Website: www.nomadcapitalist.com/
About Our Company: nomadcapitalist.com/about/
Buy Mr. Henderson’s Book: nomadcapitalist.com/book/
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
You can take the American out of America, but you can’t take the hot pocket out of the ex-American!
All currencies underperform gold, aka real money.
And gold underperforms BTC by a wide margin
@@88gcllc Gold always underperforms bubbles until they pop.
Stupid question probably but how do you then use gold or silver? I inherited a bunch of silver and I’m like ok cool. Now what? I see a bunch of places that sell it but I haven’t as easily found places that seem legit to buy it.
NOOOOOOO! I thought you had caviar for breakfast? Very useful information!!
Love You Andrew! “Go Where You are Treated Best” You are a Trailblazer!
🙏🏿🙏🏻🙏🏼🙏🏽🙏🏿🎊💯🥰🌺
Wow, thank you!
Fascinating ... Thanks Nomad Capatilist
Bitcoin is missing.
The currency with the best track record of all.
No bitcoin is not missing because it's not a "currency", it's an asset.
But very short,and mostly in 0% rate environment
Andrew You are good man. Thank you for all your great advice. God Bless!
What happens when/if the world goes to a CBDC across the globe? Will it matter where you have your money invested?
Thanks man
Without watching the video. I keep my money in Swiss franc, Singapore dollar & Mexican Peso🫡🫡. Shoutout to Wise & Uphold
Familiar with wise but what is uphold? Need to check that one out.
I understand Swiss frank and Singapore dollar. But why you also hold on Mexican peso all this while too?
How are you doing this?
WISE is Bank of England - and might freeze your account out of nowhere.. Be careful...
Is Wise safe to keep large sums of money? I heard they shut down accounts.
I'd add a couple of points. DKK is an interesting currency if you think the euro will collapse. It is the biggest oil exporter in the EU. Poland meanwhile is a top-10 silver producer and the biggest silver, copper and coal producer in the EU
Paper isnt money. Its currency
Money and currency are not interchangeable terms.
Money must be a store of value.
It even says so on the fed website
Great video! Thanks very much for the info!
Thanks for watching! 😊
Thank you so much Andrew
Rupee.
I don't understand. I have looked at the Australian dollar. It is gaining on Swiss frank, gaining on Singapore dollar, gaining on Colombian personal gaining on the us dollar.
My man got daily videos. 🔥🔥🔥
Hot pocket for breakfast? Surprised you didn't call in sick!
very wise to close the Canadian account, place is falling apart. I asked a relative's 13-yo son how it was in Canada at school with the trans thing and he said "yeah, 3 kids in my year are transitioning". Unbelievable. It somehow seems the WEF found the weaknesses during corona with ex-british colonies and are remodelling them their way
White people are leaving, and Indians are coming in in record numbers.
Don’t forget about the currency of Kuwait 🇰🇼 which is the strongest in the world even stronger than the dollar.
Just a couple of hundred Thousand dollars, you know, pocket change.💵💵💵
Last time I checked, you can’t even open a Mexican bank account unless you own property or are a resident.
Please make a video about good options for natural Brazilians. Thanks!
Wait you had a hotpocket for breakfast? I'm here in Malaysia on your advice. There's noodle and egg at the kedai runcit for 2 ringgit, man. Don't die on us
That might be cheaper than the Hotpocket... 😂
My man has his priorities right
Breakfast of champions!
@@tantradossantos4501 and better
What's kedai runcit?? 2 ringitt? Really? Ill be in Kl next month..
Good timing. Yet again I am having my nomad cappuccino. ☕
I have done some digging and I notice all hedge funds in the UK are LLPs and then all the partners are then under a LLC attached to the hedge fund can you make a video explaining this please and what benefits this has towards tax in the UK
Gold?
I’d be interested to hear what you think about investing directly in Argentina. Obviously high volatility but look where it was pre-2001.
Switzerland for sure up
AWESOME💥💥💥💥💥🤟
_Effect,_ not "impact".
My base currency is Swiss francs, the low return on cash doesn’t bother me because I have equity investments in USD and some EUR
Building wealth involves good habits and risks like putting money into solid investments like digital currencies,having a good financial manager is what people tend to shy away from,and it keeps hunting them in the near future after many losses, be disciplined and get certified advisor, I pray that anyone reading this will be successful!!!
A point with Chinese companies overtaking US is BYD the direct competition to Tesla Motors. For the first time ever they oversold Elon Musk’s company in terms of cars built during the first quarter on 2024 to become the largest manufacturer of EV’s in the world. What does Biden do? Increases the amount of tarifs of Chinese made products brought into the US, notably on EV from 40% to 100%.
A spokesman for BYD says: “It doesn’t effect us. We’re not even in the U.S. market. Our growth is Latin America, the Middle East and Asia.”
Excellent video, Andrew! I stack a few Singapore Dollars, not particularly as a financial play, but rather part of expanding general diversification. Have a great day (no judging on the Hot Pocket, here! lol).
😄😊
Next Mexico Peso ?
Mexico is cool. Unless you're a surfer
Try Puerto Escondido.
During the bank crisis of 2008,Maltese banks all remained very strong. Malta is Templer country,experts for hundreds of years.Also EU but neutral. APS bank, I recommend. One great stock, Go ltd, Malta.Most secure country in the world and aims to be number one country in 15 years time.
oh! first country to create Crypto legislation ...... after one year holding asset, no capital gains tax.What more do you want? Have a Cisk 🍺
Shuttered my UK ltd and opened it in Malta. An excellent decision, even with my accountant slightly taking the p*ss in fees knowing I've saved $$$$ in corporation tax.
I was researching the best countries to diversify for the last few months. Good! Oh I bought your book a week ago.
Thanks! Share your thoughts when you finish reading it.😊
How about Turkish Lira nearly %9 gains since new year. The banks give %50-%60 yearly interest and the government can some how stabilize the dolar /tl ratio . Do you see an opportunity there?
Once You know better, you'll do better 🎉🎉🎉
Canadian 1-year GICs are currently paying over 5% which is not bad for anyone having some disposable cash and looking for a quick plug and play diversification.
Do you invest in stocks involving weapons manufacture? Do you have any ethics around your investments?
Are GEL and AMD still good investments?
❤u, timestamps mean alot, tysm for the great content
Thanks! 😊
Singapore is 6th highest debts, 167%/GDP in the world. Don't you worry about it?
Noooo
They have more assests
Don't tell me its one of them is the Malaysian Ringit!
The last time I watched a warren buffet video was from a couple months ago, and he was saying "Murica Murica murica is great" but hes in nubank in brazil, soko stocks, Japanese bonds, and other foreign shtt. Maybe Warren Buffet needs to give 500Million in political donations so American businesses dont suck so bad. Maybe Warren Buffet needs to start putting his money where his arse is, so america doesnt suck so bad. The average house in america is 500k, and min wage is generally 10 dollars. So is anyone able to get a low wage job and pay their way through school? Is anyone able to get a low wage job, and get a starter home? No. Is anyone getting minimum wage going to get married, have a wife, house, and 3 kids if you make low wages? Having a child with no health insurance is $20,000 in the USA who is having 20k bundles of joy? when a great 4 wheeler, a couple guns for the range, and an alcohol problem is cheaper than that????
One if the reasons I am looking to move from this place. I have to wait for my daughter to grow up because her mother and I have split custody. I couldn’t give that up to move out of the country. When she gets older I think I would be more comfortable doing this but I will have to see. Meanwhile I keep my eyes open on where to go and possibly just get a residence if possible.
How about 20 swiss franc ( gold)?
I will take out a mutual fund and CD.
Why would I buy currencies when I can buy BTC?
Philippine peso very weak, great place to vacation!
Sure, as long as you enjoy eating the worst food in Asia.
I like the idea of peace activism by moving your money to the most neutral peace-loving countries you can find. It's like the smarter, more lucrative version of those people marching around in the streets.
Good afternoon Andrew. As Canadian, do you think im safe investing in Kazakhstan Bank that pays high interest rate on saving accounts ? Such as altyn bank 17% yearly. My second choice go straight to Mexican Digital banks actually pay 15%( such as Uala and Covalto). My third choice go Georgian Banks (11,7% Tbilissi) Terra bank and Pasha Bank both pay around 11.7%. Which country would you recommend me ? Thank you again for the video. As Canadian, im retiring in Thailand next month.
50% in Turkey these days
@@denizkenber It is truth, but inflation is really high there.And it will get worse and worse next months, Turkish LiRA keeps losing it value.
SBI is a good dividend paying bank in India but it is a government bank so, you might not get that great return.
The Australian Dollar has just shot up 2 cents,if gold keeps going,so will the AUD....
Many currencies are dropping but the ratio is about the same. For example Rm is dropping and euro is dropping but it is still profitable if you earn in euro and settle down in Malaysia.
I bought Euros and Swiss Francs 2 years ago but have not keep them. Now, it is too high.
Random unrelated question. Do you think I need to buy a passport of one of the Caribbean countries if I am already getting an EU passport soon as an American? I'm trying to justify buying the St Lucia or St Kitts Citizenship.. but if I am getting the EU passport soon.. Not sure if its necessary.. I would only really use it I guess if these got really really bad. Thoughts?
I have an EU and Canadian passport and I don't see the point in having a carribean one.
The benefit is because an OECS passport will let you live in the OECS countries (two of which are zero tax). If you're going to get it, remember that after 30 June this year, the minimum "donation" amount increases a heap.
@@Flavor_Flav The benefit is that it gives you options. If Canada start doing citizenship based taxation, you might want to get rid of it one day. If the EU & Canada fall, the OECS passport gives you options - i.e. places you can live, two of which are zero tax.
There are plenty of people leaving AU & NZ after how those countries treated their own citizens (travel bans, bans on working online (was deemed 'non-essential'), trapped abroad and jailed for overstaying because AU wouldn't let them back home, etc.) and because the taxes are increasing, new taxes getting added every week and businesses are closing rapidly.
Not saying you have to renounce anything immediately, but don't ever limit yourself voluntarily if you have the means to expand your options. Having an OECS passport is a good thing - even if you never move to any of the OECS countries, its still an option that you'll have.
Only downside to the Caribbean CBI programs - they've overpriced themselves and need to quit bending over backwards due to the misguided notion of "if we appease the USA and the EU, they won't keep wanting us to end CBI" because the reality is that the USA and the EU won't stop trying to force CBI to end until CBI ends.
@@Flavor_Flav ok, thanks for the feedback..
@@matthewnirenberg Ok, thanks for your feedback.. its also seems good to have if I wanted to renounce my U.S. Citizenship at some point I would have a tax-free country passport as my main passport.. I would never live on an Island, I would be bored out of my mind. Although if there is a WW3 maybe its a good backup plan.
You don’t hold currencies long term, Bitcoin/physical gold only. Where Bitcoin is a lot more liquid and easier of course.
Bro has never heard of the forex market
Why do people keep saying that Bitcoin is a good hedge against traditional currencies when it’s one of the most volatile commodities on the market. People keep saying the USD is failing but if you bought Bitcoin at 60k and it dropped to 20k in 6 months, that’s a bigger failure than any currency on the market.
@@riptyurass302Bitcoin has cycles you need to learn. Sure it is volatile but it is always going up. Zoom out over on the chart and you will see that has only ever continued to go up. Bitcoin does not fail, people fail to understand it, and fail when they invest more than they can afford and sell when they should hold.
@@riptyurass302 its fine. Just look at your 6 months chart….BTC is shit. Not worth it. Or….. if you want, study it. Don’t buy, just study.
@@yaboi9419 Correct, I’m not familiar with it, not available in my country due to currency control. Plus…. in case of an economic collapse, or government confiscation…. Gold and Bitcoin can’t easily be confiscated.
A dollar still loses more than 8% in Europe. It’s even worse for the dollar vs Pound.
Swiss Franc used to be one of my favorites. Around 2010-2015, I had an account with Everbank, since they had foreign currency accounts. It's a pain to play the currency market that way, though, since the IRS wants a capital gains form to be completed. Crypto is going to be the same way - I'm sure a lot of people are dodging the capital gains forms, but it will come back to bite you one day.
Lol hotpocket for breakfast.. epic
Andrew shame on you, a hot pocket for breakfast!!!!! Great video. Peace.
Mexican peso ? 😂
Peruvian sol 😎 stronger currency in Latam
USD/SGD is flat for 10 years?
Even SGD gonna be flat, but it is one of the most stable and strong currency in the world.
@@cnachopchopnewsagency true. but he said SGD is rising.
When is the Turkish Lira going up?
Never
Good Solid GDP = a Good solid Currency!!!! The Peso outperforms the Dollar somedays mainly due to their rock solid GDP.
Was wondering which countries do not allow dual citizenship?
Andorra, Monaco, most of the Middle East, India, most of Asia, most of Africa, some of Central and South America. Its mostly the "west", the Caribbean and Vanuatu who permit dual/multi nationality.
@@matthewnirenberg Israel, UAE, Turkey allow.
A Hot Pocket for breakfast? Congtatulations. You're about to call in sick. Jim Gaffigan would be proud of you. 😅 Americans have to buy their way out of here. Our citizenship comes with bail. What does that say about it?
A hotpocket?.... Got rid of the US citizenship but sure kept access to our nasty food I see.
One of your mottos is "have bank accounts in different countries" but zero in Mexico? Really? There are a lot of banks there and none are good enough? CIBanco? Azteca? Bajio?
Lebanese currency .. fallen off a cliff. Enjoy Beirut and underrated Tripoli (charming city).
I'm hearing more good things about Argentina and the peso again. Argentina's looking more and more like a horse to bet on with the impending collapse of the US dollar. I got some good info from this comment section about that country not long ago. It's definitely on my list of options to pursue.
If you want to learn more about Argentina, you can watch this video: th-cam.com/video/UYs4DCEsdBI/w-d-xo.html
Bitcoin isn’t really liquid until people sell it. And nobody’s selling it. So right now it’s about as illiquid as a big ass house in a zero growth market.
Sweet i like Solana and gems like Fourprime token
Bitcoin is the answer!
Very wishful thinking!!!
Hot pockets are the low tier passport of breakfast
No bitcoin amigo?
Best currency is bitcoin
I only need btc
USD might fail, doesnt mean USA fails. Facts. Mexican Pesos outperforms everything. Without USA, Mex is toast. thanks
😂😂
Whatever helps u sleep at nite
First.
Anyone notice NONE of the BRICS are on this list? LOL!!!!
But BRICS settles in Gold and currently the best performance so far.. thanks to Genius Biden😊
He did go through Brazil, India, South Africa’s stocks and currencies you probably weren’t paying attention.
@@mjmf1430
Doesn't fit his narrative lol
The guy is a genius investor but eats a hot pocket. Learn some nutritional wisdom so you can enjoy your success longer.
I think we are all shocked by this
I assuemd he ate caviar on toast for breakfast
Bitcoin, all the way 👍
Where russian ruble? They will win the war ....