Why you need gold

 

Gold has traded up to and exceeded 2000 an ounce.

I believe why you will need gold is not because it will continue rising to 2400 an ounce and higher but because its one of the few assets thats not a liability of the banks or the government.

As we curreen down the path of bankrupcy and currency debasement it will be important to have assets that are not only private but beyond the scope of governments to sieze and inflate away to pay for promises that can never be repaid.

As the debts pile up more governments will need to debase currencies and or tax other assets to buy them time before they default on there promises to pay promised benefits.

Gold held in your own posesion or offshore will help carry yoyrself to the otherside but that assumes there is no collapse in society which isnt garrenteed.

Every passing day people demand government fix things by stealing from one group of people to give to another. This is happening all over the world and there are few places to escape to except maybe the Pasific Islas or South America.

Gold may help you rebuild or readjust if you decide to escape the Western World and start over somewhere else.

I think its best to buy now and beat the last minute rush, it maybe to late if you wait and prices maybe much higher.

Now that Western Countries are on the lookout for one ounce coins I suggest 1/4 ounce coins like British Sovereigns or coins like Swiss Helvitias.

How to open a bank account in Cambodia

How to open a bank account at ABA Bank in Cambodia

You will need three things to open a bank account in Cambodia. This imformation is as of May 2023.

First you will need a long term visa, not a tourist visa, although under some cercumstances ABA Bank will open an account with a tourist visa.

So as you enter the country make sure you get a business visa. When you get that exstend this visa for six months to one year. They will stamp a one year visa in your passport which you will show the bank. 

The next thing you will need is a local phone number, a sim card will do the trick, they cost one dollar and up.

The third thing they will ask for is a lease agreement fow when you rent an apartment. Its posible to rent with one month but I usually get a three month agreement.

It will take about an hour or less for the bank to process your account.

After that I suggest using their APP for banking because it will make it much easier to pay people without using cash and it will ease transfering money from your bank account back home.

WHY WOULD YOU WANT A BANK ACCOUNT OFFSHORE?

Well its nice to have a local account thats outside of your home government they cant easily sieze. Its also cheaper to use apps to send money from your home country than useing bank wires or ATM cards.

Its also nice having money outside your ceeditors reach if you ever have the need for that.

Here in Cambodia banking is done in US Dollars which makes banking in a hard currency nice.

To close off, banking at ABA Bank is one of the easier banks to set up an account and get a debit card and a US Dollar account.

What's Cambodia like in 2023?

What's Cambodia like in 2023?

What's it like living in Cambodia? In the last few months I have lived in Cambodia, Siem Reap to be exact and really enjoy the cost of living the ease of getting a long term visa and the selection of affordable apartments.

When I first arrived in Siem Reap Cambodia, I got a long term visa called the business visa not the tourist visa, I ended up getting the 1 year visa for around 500 USD and now can live here at least one year before it needs to be renewed.

I ended up getting an apartment for 250 USD per month. There are many apartments starting at 60 dollars USD and up all the way to several thousand dollars a month. I like that at least as of now May 30, 2023 there still is a lot of selection for apartments in the 150 to 250 and all you need is one months rent and a deposit.

Its pretty easy to find an apartment get a three month ;ease or less or longer if you want, I just do three months and then look for new places to get an idea of which neighborhood I like. When I first arrived in Siem Reap I got an apartment and a pretty big one sort of in the country side but the internet wasn't to good, and the internet providers told where I lived there wasn't really any other choices so I moved into town and got something better with better internet connections.

I need a pretty good connection to work online so just had to suck it up and move. 

If you need to work teaching English at one of the local schools its not to hard even if you don't have a college degree, so for some people it might be an advantage if you want to leave the States and start over in another country. Now with all the online jobs you don't really need a local job but if for whatever reason you desire local employment its here. Usually wages are a bit low compared to what they were before Covid, now they are around 800 to 900 for 20 hours of work.

I can live on less than a 1000 a month but everyone's different so can say what different people might need. I don't hang out in bars so don't really spend a lot so if you are looking for a low cost place to live and an easy visa Cambodia might be for you. Most of the western restaurants start at 5 bucks and up for food and the local places can be under two bucks and up for a dish of food, beer at the local stores .50 cents and up.

Another nice thing is there are are a lot of expats here so you have a lot of potential opportunities to network with foreigners if you want.

The culture is pretty mellow much like Thailand or the Philippines, and people for the most part can communicate in English so you will not have a hard time adjusting to living here like maybe Latin America. I find the cost of living a little higher than say Mexico or Guatemala.

The weather is pretty hot compared to the Altiplano of Mexico or Guatemala and it takes some getting used too, its even hotter than the Philippines but the split level air con they have has helped me take the heat.

If you live in Siam Reap your about 6 hours from Bangkok so its easy to fly out of Bangkok to go anywhere in Asia pretty cheap but they do have an airport here if you don't like taking the bus.

So all in all if you want to get out of the States for awhile Cambodia can be a nice and affordable place to live make some money and save to get ahead while you live a less stress fee life.