Out of the three of us (you, bojangles, and I) ... the youngster of the group is the one with the grown-up mortgage. I hold my head in shame! Hats off mate.
kel said:All very interesting. You made these connections while doing your diamond trading thing in Indonesia?
KYT88 said:I have experience in hiring unskilled workers in Indo and it can be very challenging if you are not on site or have some one trusted to manage the site. If you are paying the workers a daily rate with a commission to find stones be aware that they will often be poached and they won’t have any loyalty to one location. Also in a few months it is Ramadan and they expect double pay that month
KYT88 said:You can own land in Jeju Island(South Korea), Batam(Indonesia) both Freeport status along with a few other places with various levels of restrictions.
The easiest way of ownership is to lease the land, when I acquired a farm in Bali the “purchase” was a 25 year lease with option to extend at the end of the period. It was very straightforward but if you looking to extract resources below ground I think there are other ways it can be done without having to own the land either