So how many of you on here have invested in the project in Chile?
I have had my eye on investing there for a while. It looks so impressive!
You must be logged in.
You must be logged in.
Galts Gulch Chile
So how many of you on here have invested in the project in Chile?
I have had my eye on investing there for a while. It looks so impressive!
I’m a TDVer but I am too poor to afford anything there. I suppose if I had enough money, I’d probably check it out.
I’m in the same boat as you, I’m a big fan of Jeff Berwick and am interested in expatriating to his Chilean paradise but don’t have the capital to buy the land nor build a business on it. My hope is that the Bitcoin I have been accruing will dramatically appreciate in value when economies start collapsing.
Indeed! I only have a few bitcoins, and I have a very modest stock portfolio, but I have been hoping these things take off before everything else really takes a dive, so I can escape.
We’ve looked at GG but we also were interested in Freedom Orchard in Chile….a pretty serious commitment though…especially with a family our size.
I looked at it awhile back; looks to be primarily for people of some means. We surely don’t have the kind of money required to invest there. Actually, looked at Chile way back in the 80s and was intrigued. The climate and the geography are so much like California. What a great place to start over. But alas, my husband and I are old and financially limited. Must try to find our own liberty here in the USA.
I seem to be in a similar position. I am keen to own some of the organic farming shares, purely for the cash-flow. However, the gold, silver and junior mining stocks I own will probably outperform the dividends and capital appreciation relative to GGC perhaps?
I am tempted though!
What differences are there compared with Freedom Orchard?
People considering any property investment need to consider the financial condition and experience of the developer, and the contractual governance (conditions, covenants and restrictions) of their prospective new community. I’ve looked into four of these communities personally, and bought into none. In concept, they are all appealing, for my needs, none worked.
It would appear that at Rancho Santana, Agora has the necessary critical mass and financial resources that the development will survive, similarly, at Cafayate, Casey Research has front ended enough of the physical improvements, and sold enough lots, that the community is viable.
Knowing both developers well, I suggest that neither would repeat the exercise, given their own lack of development management experience at the beginning of the adventure. Think this through when considering investing in these prospective communities.
Rick Rule
Hi Rick,
Thank you for the detailed response.
I had a serious think about your comment and it helped clear my line of thought and my reasoning behind my plan. Thank you!
I’m interested in cash flow from a foreign asset that has the best ROI that is cheap, has low risk and is outside of my political and geographical location.
Is there any opportunities you could possibly point me in the right direction towards that offer that?
Alan
rental residential yields in Chile and Ireland APPEAR to be attractive now, although I have not studied the opportunities carefully.
Hi Everyone,
I was involved with this project. I would recommend people (as with anything involving so much money) do a LOT of research. Just because something puts a liberty label on it doesn’t mean it is a good investment or that it is in line with your values. I recommend caution when making a decision like this. Most of the people that I worked with on the project are no longer involved.
Sincerely,
Tatiana
Are you able to discuss why you and others left? I was interested in investing but decided I would probably need to visit and do more due diligence than I had time for. Any insider info would be appreciated but I think we all understand if you can’t give details.
Following up on Rick Rule’s comments, I’m a Rancho Santana owner. I’m happy to answers questions about it or Nicaragua.
My wife and I just decided last night that getting out of the US is a top priority. We are leaning towards Galts Gulch right now. We are in the lower rungs of the socio-economic ladder, but have made plans to do what needs to be done to make it happen… Any resident’s of Galts Gulch on here to answer some questions?
Hey Ray,
The accommodations might be a bit tight if you and your wife both want to make the move, but you might want to check out Fort Galt.
I just purchased a “capsule” there for $5000 Canadian (there’s a 10% discount if you use BTC), and am already looking for a one-way ticket to Chile some time after Christmas; it’s obviously small, but it gets me in the middle of the GGC property (which is the thing I’m really after), and also means I’m not sinking too much capital into one place in case I want to move again (since I figure my ultimate goal at this point is to get on board the floating city projected for construction in 2020).
Fort Galt’s founder, Gabriel Scheare, is actually a member on this site; I suggest you talk to him and read through some of his posts if you’re interested. Good luck!
How about the Honduras free trade zones, I think they call them ZEDE’s – anyone in to this development?
Important news on the Galt’s Gulch Chile project:
http://www.thedailybell.com/editorials/35591/Wendy-McElroy-The-Fate-of-Galts-Gulch-Chile/
At best, there is some drama amongst founders and early investors. At worst, it may be that both investors and locals were defrauded.
If I were wealthy (and I’m not) I would consider Cafayate. No offense to any of you who hold a different opinion but I wouldn’t touch GGC with a ten foot pole. If you are as Doug Casey calls them a “penniless libertarian” but concerned about having an escape in the event of SHTF in the US consider Canada. You could get some rural acreage dirt cheap for example in Ontario, put a little camper or cabin on it, provision it, use it as a vacation getaway spot, and if you needed to get to it in an emergency it will be easier and cheaper to get to than a place in South America. Just another option to consider.
Cafayete does have the advantage of the amenities being built out, rather than promised, and has very wealthy backers, some of whom ( Doug Casey and David Galland) have homes on sight. It is critical to ascertain the solvency of the developer, and the viability of the project before investing in these communities. Also, review the CC&R’s and the HOA fees.
