OLD TOWN HOTEL, HANOI – I just got back from the tailor, where I bought two made-to-measure cashmere suits!
He’ll make them over the weekend, and I’ll pick them up on Monday. They cost $175 each.
The funny thing is, we travel light, and we don’t have room for both of the suits in our suitcase. So I’ll pack one and wear one while we travel. I’ll be the best-dressed backpacker in Asia.
In other news, we visited a museum today. The kids got in free. Kate (my ex-wife) and I paid 93 cents each for our tickets. The taxi ride cost a dollar.
After the museum, we went to a restaurant with 2,198 reviews and write-ups on all the foodie blogs. We ate like gluttons. The bill came to $11.
I love living in cheap countries and being able to spend with almost no regard for price.
Meanwhile, gold went up again on Tuesday, to more than $1,550 an ounce. It went up 1.3% against the Vietnamese dong.
In one day, our purchasing power in Vietnam increased 1.3%.
I’m not saying this to brag. I just can’t help seeing the world in terms of gold since we made gold our “home” currency.
I think this trend is just beginning, too. As I wrote on Saturday, the system is poised for almost all countries on the planet – including the U.S. – to start actively softening their currencies.
I feel like we’re standing on a little rock in the middle of an ocean of paper currency and God just opened the drain. I don’t think many people realize what’s going on yet.
Gold feels like bitcoin in 2013 – something only extreme geeks would own. And like bitcoin, gold’s supply is limited.
When people realize the ocean is draining, there’s going to be an almighty scramble to climb onto our rock.
And there we’ll be, with no possessions except a small suitcase, living in Ankara or Buenos Aires or whatever the latest country to go through a foreign exchange crisis is, living freely on $2,000 a month.
I’m going to sign off now and put the kids to bed. Then Kate and I will sit together in the dark and talk about our future or look for Airbnbs in Mount Vernon.
– Tom Dyson
P.S. I tell my story with such enthusiasm because I firmly believe that any family can do what we’re doing.
From the mailbag:
Reader comment: You are causing me to rethink everything I am currently doing. Now every day I ask if I should downsize, save more, plan ahead for hard times. It’s so hard to do because all I see around me are good times and money flowing. But your daily commentary just keeps this in the forefront of my mind.
I am slowly shifting to more conservative thinking. I’m second-guessing all bigger purchases I had in mind. I want to start saving a lot more so I can invest at the bottom in dividend stocks too.
Anyways, I think what you are doing is very important because most people out there are probably like me. Comfortable and completely unprepared for what could be hard times ahead when things implode. Keep it up.
Reader comment: I have been following you as you and your family have moved from place to place around the world. Of course, I would have liked doing as you do, but at 77 it’s too late in my life. Instead, I travel with “new eyes” to take advantage of new places and people. To Travel Is to Live. Best wishes to you and your family for a continued safe adventure.