Better Alternatives to the US Dollar

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Are you ready to fortify your financial future amidst the shifting global economic landscape of De-Dollarization? Look no further! Join Andrew in this empowering video, where he uncovers 5 straightforward yet highly effective ways to diversify your assets and shield yourself from the volatility of the US dollar.
00:00 Start
1:27 Importance of Diversification
2:20 Banks and Brokerage Accounts
5:08 Investing in Stocks
9:23 Investing in Debt
12:02 Real Estate Investment
13:48 Buying Hard Assets
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.
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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.

[@nomadcapitalist]

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[@youtuberx199]

Do I have to show up physically in Singapore in order to deposit my money there?

[@rifleman42051]

This was very informative thank for this upload!

[@saludyvidaintegrales7982]

@NomadCapitalist I think maybe the most Stable currency OF the world is dinar kwaiti and is all based on oil. What do You think? It's difficult to find a place where the real state cost the same or very similar to our native country to Buy and get another passport. Example I live in Colombia... What do You think?

[@user-xg6yc8ho3w]

I have traveled and lived overseas a lot and find WISE to be extremely useful. So many currenices, extremely low fees, fast and reliable. Another thing is, if you open a foreign bank account, many of them offer very high interest on savings accounts. Like 5-10% or even higher if the country is really looking to get people to deposit.

[@ARUchannel1]

the problem is they retain money to many customers and that is pretty terrible

[@FindYourFree]

yea Wise is great

[@coreopolis]

@@ARUchannel1 what do you mean retain? Not release funds?

[@zenlife4736]

Wise works great here in mexico

[@salaadino]

I thought Wise was just for sending money overseas

[@marienovotna4115]

Gold, property, food

[@adamc.4125]

Ammo too

[@petrabraham9512]

I wish I had an older brother like you. Would save me years of not knowing what to do!

[@VanesaSG326]

Just exist one currency GOLD the other are just papers

[@peanut0brain]

During hyperinflation in Germany in ww2, the govt seized all gold silver and foreign currencies. In 1971 in USA they seized all gold. They will do it again when hyperinflation happens

[@HughJass-jv2lt]

Too bad I dont have a million dollars ... 🤣🤣

[@crypticnomad]

I would recommend avoiding holding fiat currencies for long periods of time because of the built in loss in the form of inflation and instead buy some index fund from that country. For example, instead of holding usd hold s&p, instead of holding gbp hold something like the ftse 100, and so on. In some countries that really matters like in say Argentina with it's insane 120% inflation the MERVAL, MERV s&p fund, has like 250%+ return even when accounting for inflation. One can hedge themselves against both currency inflation and inter currency fluctuations by doing that.

[@peanut0brain]

But for some reason wall st is crashing

[@crypticnomad]

​@@peanut0brain It is all basically gambling or "playing the odds". Historically the s&p has had a 10%+ correction roughly every 2 years, a 20%+ correction roughly every 7 years, 30%+ roughly every 12 years and there have been a total 5 incidents with a 40%+ crash. Having said that, even if one had held stocks before, during and after those large corrections they would still have gained in real terms as compared to someone who just took dollars and buried it in a hole somewhere. This same sort of statement can be made for most currencies/stock markets in the world. In general if a person can't weather bad times without freaking out then investing just isn't for them. One has to detach emotions, not be too results oriented in the short term and trust process over results in the short term. Just as an example, lets say we had a game where I would pay you $1.20 every time a fair coin landed on heads and would take $1 every time it landed on tails. The ev is (0.5*1.2)-(0.5*1)=0.1 which means one can expect to win on average $0.10 each time they flip the coin but there is nothing to say they won't get 5x tails in a row and lose $5(roughly 4% chance of that happening every 5 flips).

[@tdgdbs1]

I should have invested in the Mexican pesos; gaining strength as neck breaking rate. 1:21 to 1:17 in less than a year.

[@maxl2081]

16.20 street exchange here in playa del Carmen, when I arrived here in march it was 19.00 per dollar

[@BracaPhoto]

"The fur starts flying" - as in the big cat fight that's upcoming ? 😂❤

[@shayed9930]

Thats crazy i was just looking for the answers. Thank god i subscribed.👍🏽

[@herbertvonsauerkrautunterh2513]

I'm just going to put some money in unallocated gold in Singapore. On the way to Thailand when i fly there. Usually do a stopover anyway. Singapore is awesome

[@mattanderson6672]

Thank you so much Andrew

[@nomadcapitalist]

Thanks for watching!

[@nonameanon9368]

This was one of the more interesting videos I seen from you Andrew throughout the years and I appreciate the content :) but I would like you to do two things for now :) 1) Talk about the intricacies of currencies around the world 2) Compare US territories "Northern Mariana Islands" Vs. US Virgin Islands Vs. Puerto Rico for like physical presence, taxes, banking, real estate/ land, unrealized laws etc.

[@nomadcapitalist]

Thank you for the positive feedback and suggestions!

[@dude_man_bro]

This is some high level stuff 😵‍💫

[@bitcoininaminute5008]

Fiat currencies by nature are designed for the issuer and groups closest to the issuer to continually make more debt and get interest from loans in order to take advantage of those without direct access to the money printer. Keeping money in any fiat currency is gambling with your savings. Who knows when they will go through hyperinflation, making all currency essentially worthless (it has to happen eventually, but in some countries, it suddenly happens). Anything tied to the fiat currencies (stock market, bonds, real estate etc.) are also tied to the insolvent debt and in essence have a "fake" inflated dollar value attached to them (also not a good idea in my opinion). Only viable option would be the hold hard assets - gold works to an extent, although it completely failed as a gold standard already. The most practical option now is Bitcoin.

[@peanut0brain]

Everyday I see videos of bitcoin crashing (to maybe 8000) and few minutes later I see videos arguing for the opposite (100k to 1M). Don't know what to think about btc

[@remotetrekker-dg3re]

That was very informative, thank you.

[@nomadcapitalist]

Glad it was helpful!

[@darioz5894]

BTC is the best alternative. In 2017 I bought 11k worth and today it's worth 127k. What else performs like this ? Nothing

[@frederickfrost6561]

Thank you for this video which gave great ideas

[@nomadcapitalist]

Glad it was helpful!

[@kimberiysmarketstrategy]

Brilliant!

[@dans3320]

Well said, no need of swiss brokerage account. Better a serious country like Singapore and not a banana republic like ch.

[@rickzellner3827]

Do not forget about Asset Backed Digital Currency such as Glint. I have used it all over the EU as well as the US. money is tied to the allocated gold in a Swiss vault.

[@sprezzatura8755]

Glint looks interesting.

[@MENSA.lady2]

There is little that is worse than the $$ Depending where I go I carry UK pounds and/or Euros. I can always convert them into the local currency.

[@steveadams7550]

Both euros and GBP are going down relative to the usd.

[@ShadowMind312]

Is it also worth keeping a stockpile of the more valuable currencies, such as Kuwait Dinars?

[@obichisom7230]

Very insightful video. If you want to change currencies like Nigerian Naira to dollars, what app can you recommend?

[@SumaOmega]

Live the information. What is your read on the growing list of nations joining BRICS and how do you see this play out militarily as the dollar continues to get hammered? Yes I’m asking you to play psychic here but do you believe it would have take the USA out militarily for the reserve currency status to change? Or would it be a situation of a global annexation from the cool kids lunch table now (BRICS) countries and leaving all the theoretical unpopular kids to sit by themselves (USA UK Dutch)

[@user-uj7js5sm6t]

Damn bro! I want to go to the NCL in Malaysia but unfortunately I am in the matrix still and September is too short notice for me to get permission from my job to go there. Next year's NCL I will be there.

[@frederickfred2714]

If you understand how their system works you can use THEIR fiancial instruments to transfer wealth from others like they do and then convert their FIAT CURRENCY into real wealth of commodities..

[@joesteven8601]

What if you are real estate heavy - how do you handle that?

[@kararkhan8720]

There is no alternative currency or gold or anything that can protect you from inflation and geopolitic instability. buy shares in very high quality companies because great services and valuable products will always over come difficult times. And buy real estates especially overseas and especially if you can get low interest rates. The idea here is to focus on creating a mindset of investor and someone who recognizes opportunity rather than someone who's trying to predict the end of an era.

[@fliflaflu2659]

Guys, something i still dont understand... If you hold index funds in jurisdiction x but your tax residency is in a country with no dividend tax, do you still need to pay tax in juridiction x? Am I right in saying tax has already been withheld? Therefore and you allowed to claim it back? This topic confuses me a lot. Somebody who knows what they are talking about, kindly explain.

[@thehungergames8918]

Euro 💶 Gold 🥇 and Shiba Ino 😃👊

[@ghostoftomjoadRATM]

I'm a family man and have not got a lot of money. I am Australian but am not happy with the way Australia is going. If you had $10000 AUD where would you put it to get the best return while possibly getting a permanent resident visa of some sort (or is this impossible) for me and my family? 😊

[@serialmigrant]

Nowhere. U need 35000 USD for Nicaragua and it's the second poorest country of the america. Costa Rica it's 60k and mexico is about 47k. And these 2 gives u only a temp permit.

[@dilligafwoftam985]

You are asking 2 questions ... where to put money and where to live. Be careful sith bank accounts because the Oz govt thinks it has the right to know about, and tax/regulate you on O.S. accounts. Where you live may depend more on what you do for a living than how much money you earn - eg doctor, nurse, IT etc

[@youtubeuserzzzz]

Andrew did a video on how Australia is "copying" the US. With global taxing and wanting to know about citizens' offshore affairs. Maybe Thailand or the Philippines will offer you an affordable life, in which you seek.

[@user-xg6yc8ho3w]

I hear you and that's why I left. I'm a dual citizen and one of them is Australia. Australia hasn't adopted the US overseas taxing ...yet. But if you are not an Australian resident for tax purposes then you don't have to pay any taxes in Oz. That means, you don't own any property in Australia AND don't reside there anymore. You can still have an open Aussie bank account and phone # though. Also, Australia has some tax treaties with other countries so that if you're living in one of them and paying their taxes, you don't have to also pay taxes in Australia.

[@alrent2992]

Ecuador is 40k. But if you have a degree! You can go with the professional visa. No income requirements. God bless you all.

[@torontovoice1]

Well that was quite a mouthful of data. I'm not sure if I agree with everything that you said. So you were speaking about banking in Switzerland, which is expensive but you forgot to mention one criteria which is very expensive. Switzerland has stamp duty on equities. So if you tell your broker in Switzerland to buy you a US equity in addition to whatever he's charging you for buying and selling and holding, there's also stamp duty of 15 pips. Ouch! So if you trade a million dollar security which is not unusual let's see a 10 pips which is the lowest rate you can likely get if you open up an account with 10 to 20 million, you'll also pay another 15 pips which is like $1,500 to trade that security. And don't forget there's a safe keeping fee as well which is the same as usually the trading fee. And this assumes that you're doing everything yourself. If you want a managed account, time to dig a Little deeper! Your discussion about all these exotic currencies are unique and interesting. Of course they are highly speculative. Opening up an account in Georgia for example is easy, absolutely. But when your Swiss banker finds out that you have an account in Georgia, your account will be frozen guaranteed. Unlike what Switzerland used to be, today the kyc is over the top. Frankly I don't know how they make a living. Most people open up an accounts in Luxembourg to save the stamp duty. Certainly you can buy securities in many of these emerging markets that you discussed including their bonds. With the exception of a few countries like Belize, Ecuador, and to a lesser extent the Dominican Republic, these countries have all defaulted under debts and renegotiated with the creditors. If you want to speculate on currencies, a lot of people buy Turkish denominated a rated bonds, but your risk is the Turkish lira. Typically you can get more than 20%, but if the Try continues its path, you will be in losses. In all of these scenarios, there are risks and Rewards. Generally the more the potential gain, the higher likely is the risk. The least risky security you can buy would be short dated treasury bills, I'm sure you know that. I don't think 90% of the people watching your video understood 5% of what you said, but that's okay.

[@E85stattElektro]

CHF is a great currency

[@creativemanifestation8295]

Hello, can you gain access to over seas banking without being present?

[@cathihargaden1608]

Caye international

[@nomadcapitalist]

Hi, here is an interesting article for you with all the information about banking overseas: nomadcapitalist.com/finance/offshore/best-offshore-banks/

[@vktravellog1242]

Hey dont tell everyone of our secret with Malaysia! I dont want people to go there because they will just raise the price! I plan on retiring soon and Malaysia is high on my list!

[@patrickbennett439]

Hands flying around for 16:25 lol

[@mrdabolina7344]

Check the eyebrows they both go up and down as well, more than the hands.

[@8StringKeith]

Andrew, What is your feeling on picking up some silver Kugarrands? (…and I completely understand that you’re not a precious metals expert)

[@nomadcapitalist]

Hi, here is an interesting article for you: nomadcapitalist.com/finance/investing/guide-to-silver-coins/

[@8StringKeith]

@@nomadcapitalist , Good Morning Andrew, Much obliged and appreciated 🙏 This is great information 😎🤙

[@Pepeekeo808]

Do you realize how heavy Silver is? Twenty pounds (heavy!) of Silver is only worth $800. How much of your wealth can you really hold in Silver coins? How are you going to move your Silver to a new location should you have to quickly leave where you are at? A pound of Gold (easily to carry) is worth $32,000. Even 5 pounds is not heavy, but the value is $160,000.

[@8StringKeith]

@@Pepeekeo808 , Did I say I was fixin’ to move my entire dollar reserve to Silver Kruggarand? 🤔

[@milosabariz]

what about BTC

[@pleiadesstarr453]

Gold is one of them.

[@TheEmperor000]

Damm, he really loves Malaysia 😂

[@tdkx]

Gold and silver. Realistically though the US dollar will still be king for a long long time.

[@caveman9897]

All currencies go to their intrinsic value.

[@AsusMemopad-us5lk]

No discussion of FBAR/ FATCA?

[@nomadcapitalist]

Just for the last eleven years.

[@rushswift6720]

so if you are not rich... means no millions there is no danger and no need to do anything... right?

[@HexAlchemist5555]

buying certain fiat currencies is about as appealing as buying certain altcoins.

[@torontovoice1]

Yeah I couldn't agree with you more. I'm one-hundred-percent USD ninety-nine percent in the NYSE I don't hold any gold crypto or other extremely speculative securities if you want to call them that

[@Winifred_Wood]

This is a Great Video! I really have a question. For someone watching this video with less than $8,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?

[@Michael_Arnold]

​@johnnylabauvetorres4966 you lousy liar

[@yellowwducky]

If the HKD goes to RMB, it will be a bloodbath if you hold HKD, not an appreciation. A freely exchangeable currency becomes not freely exchangeable, no thanks.

[@artb.2260]

BItcoin is the best asset to hold for the next century

[@joshv1814]

Bitcoin, the most obvious choice.

[@ES-mc3cc]

Until the grid goes down, which is one of the globalists' plans.

[@rafaelmercer21]

Bitcoin is the easiest choice…

[@ulac010]

what will happen if i canged my name after getting my second citizenship and i renounced my first one ???

[@deckeroful]

🤔

[@Chaka2479]

Bitcoin is the answer!

[@rushswift6720]

where should i move my $1K savings?

[@ericmed]

Bitcoin is the ultimate dedollarization

[@susannnico]

The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016. You’ve got to start taking steps to achieve your goal.

[@serialmigrant]

You bought houses in the USA in areas that don't have rent control... a lot of jurisdictions don't even allow u to deduct interest on your rental income...

[@orionspur]

11:00 😁

[@robjohnson7878]

This is almost criminal recommending exchanging dollars into another foreign currency. I’ve studied the FX markets and commodities for 25 years and never consider another country’s fiat currency. Absolute nonsense.

[@peanut0brain]

Did you ever consider the USA 33T debt that can never be repaid ?

[@TheShaolin015]

Bitcoin. You’re telling us to diversify between horse and buggy manufacturers while I’ll buy cars.

[@Hybzy]

The problem with Bitcoin is it's volatility. It doesn't really substitute for other currencies as a means to store money. Most of the price swings are based on speculation and people want a currency that has a price which can't be affected by a tweet from Elon Musk.

[@TheShaolin015]

@@Hybzy is it so different with a tweet from Jerome Powell. You know bitcoin has only gone up over the past 13 years. The yearly candles are up for three years and down 1 year. While the usd and other fiat currencies are just down slowly. The future is clear and you know it. Soon bitcoin will be the stable one

[@Hybzy]

@@TheShaolin015 I am not saying Bitcoin hasn't increased, but there is a difference between using something as a speculative investment and using something as a hedge. Bitcoin is still fiat.

[@Chaka2479]

Yes. Bitcoin is the best store of value!

[@Chaka2479]

Bitcoin is the answer! It’s Gold 2.0

[@macdowellandrew]

Never in your life, never in my life!

[@Hardpact]

just Bitcoin, nothing else

[@OmarOsman98]

De-dollarization means manufacturing comes back to the States

[@Cheesecake99YearsAgo]

No It means "perfect competition" is good for consumers

[@kevincerin3618]

Yeehaw

[@watchthesuit1683]

Bitcoin. That is all.

[@watchthesuit1683]

@@normalpsychology Thanks! It's been a wild ride when I've lost money on the drops, but now that I'm way up and have multiple properties, and multiplied family member's net worth as well, those drops are laughable. Good luck to you in the current wealth transfer. God bless.

[@emaadpervez353]

Decred is better than Bitcoin

[@losangeles.ie91]

This guy only provides videos and provides alternatives to only the ultra rich. A middle class person has ZERO business watching these videos.

[@pleiadesstarr453]

Gold is one of the option. 👍

[@skranz7790]

He mentioned using Wise to exchange out of US Dollars into other currencies. I utilize Wise for this regularly, and I'm definitely not ultra rich. It cost me zero to learn about this method. But, yes, Andrew's target market is HNIs. That doesn't mean we plebs can't also utilize the great advise.

[@topworldnews777]

Bitcoin is the answer for true freedom.

[@The1Tonic]

I won't be surprised if that becomes the world currency by 2030

[@decentb4160]

bitcoin

[@dogegamer3288]

The dollar is so strong. It is a beacon of strength among all the other weak currencies. No wonder it has the position of reserve currency and likely will for centuries. There is so much demand by the world for the US dollar. The dollar is wonderful and a good, solid, wholesome and responsible investment within the Fx.

[@QuestionsnAnswersify]

Is there a way to invest in the United Nations? Is there an etf or fund to invest in this institution?

[@marianjavier7734]

No respect my right family neither

[@user-tj5sh1tp5y]

Greetings from Boston from Russian Immigrants since 1992, U.S. citizens since 1998. As never before, today we are proud to be RUSSIANS! Proud of our Mother RUSSIA to be the LEADER of the World in this de-dollarization process! GOD BLESS MOTHER RUSSIA 🇷🇺🇷🇺🇷🇺

[@georgeorwell3501]

You should be extremely proud of your home country, Russia, and your leader, Putin. He does what he says, and he says what he does. Compare that to Joe Biden or Trudeau. You can’t compare.

[@georgeorwell3501]

@@UserUser-zc6fx I didn’t hear him say he hates America or hasn’t assimilated into American culture? What are the accusations? Is he not allowed to like his birth country?

[@Justaguywithtruth]

​@@UserUser-zc6fxAmericans don't work, American Politicians don't work, they just steal from those that work🤨🤔 Basically America is that terd that clogs up and American Toilet 🚽👋😐💸💉🧠🩸💊☠️🎥📲💻🎪🔍👹✋😎

[@ae747sp5]

Why do u leave USSR then😂

[@meirionowen5979]

Greetings from UK. Mr Putin is the only intelligent leader. He fights for what is right. Screw Britain, screw NATO.

[@TheTruthhasbeenspoken]

What are the best swiss banks? Could you make a video on it?

[@nomadcapitalist]

Thanks for your suggestion! Here is an article that might also interest you: nomadcapitalist.com/finance/swiss-banks-ultimate-guide/

[@TheTruthhasbeenspoken]

@@nomadcapitalist Thanks for the article. Could you make a video about the best counties and banks for tax evasion? 😅

[@bharath2508]

Vivek Ramaswamy will revive the dollar.

[@ES-mc3cc]

Too soon to trust that guy. It took a long time for us to realize that Pence and DeSantis are rinos.

[@marinbalan352]

Until another superpower, with global military might, with the largest, most technologically-advanced, and most diverse economy in the world, and most important, the rule of law,...all this talk is wishful thinking.

[@pleiadesstarr453]

Diversification is already happening so isn't wishful thinking after all.

[@marinbalan352]

@@pleiadesstarr453 It is wishful thinking at least for few decades. After that... "beyond the ages all are trifles".

[@peanut0brain]

"rule of law" when USA is supporting Israeli genocide in Gaza ?

[@120Steelers]

Treason. Unsubscribing. Serve your nation not just money.

[@nomadcapitalist]

How were you ever subscribed in the first place?!

[@peanut0brain]

You like "blind allegiance"

[@ahmadmustakhimabdmutalib59]

Hi IE, the middle class peoples do have opportunity to have manys ZERO in their pocket, if ur take extra effort, ask andrew how,,,or me 😊

[@bitcoinisfreedommoney.fckt2663]

BITCOIN and Fedimints

[@wannaBtraceur]

Don’t worry, they’ll catch on in a few years. I can almost see this guy recommending holding bitcoin using a Fedimint as the wisest way to store and appreciate assets.