The Expat Money Show - With Mikkel Thorup 193: Into The Depths: Gold Mine Explorations – Larry Scharf
IN TODAY'S CONVERSATION
- Larry breaks down the difference between mines in a first-world country like Canada to mines in developing countries like Mongolia, I’m positive this will surprise you!
- What happens today, compared to mining in the early 80s, and how they can go back and mine the same area over again.
- And the money-making way that they wanted to mine silver from a bat cave in East Malaysia.
- The excitement involved taking an elevator down to the 1700 level of a mine, surrounded by rock everywhere you look and the mind-blowing fact that there’s only one way back out!
- How gold is leached out of the rock. I bet you have no idea how it’s done, the time it takes and what needs to be done to get ½ gram of gold.
- Great conversation about some of the more interesting countries in South America and how the government can really make a mess of things purely out of greed and which countries Larry will NEVER invest in.
- Larry shares the companies he likes to work with best.
- Why understanding the culture, the people, the mentality and the work ethic and how everything fits together and plays very strongly into the performance of the mine or the investment itself, and what happens when you don’t do your due diligence.
- I asked Larry to walk me through the process of arriving in a new country, what is he looking for, and what is going to set off alarm bells or make him say ‘okay, this is it, I like it.
- Larry shares what his sweet spot is when he’s looking to invest for himself and his clients. Where does the company need to be for him to give them money and invest for his clients!
- Top tips for those of you who want to get into the mining space, either from the investment side or the hobby side.
HOW TO REACH LARRY SCHARF
Phone or email at Raymond James: 203-635-5409 Raymond James 285 Riverside Avenue Westport, Connecticut 06880 Attn: Larry ScharfRELATED EPISODES
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I’ve loved the idea of mining and precious metals since I was young and started my travels across the globe. I’ve been to many private vaults around the world, but never have I been down 1 kilometre in a mine, or watched as they dig for gold! I just had so much fun chatting with Larry, I hope you enjoy it as much as I did.Mentioned in this episode:
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This year, I’m taking a private group into the Amazon rainforest—then we head to Fortaleza and explore Brazil’s booming Northeast coast. Think Amazon river cruises, beachfront developments, and wide-open opportunity. From the heart of the rainforest to pristine beaches most people only dream about—this is bucket-list meets Plan-B strategy. If you’ve ever wanted to see the real Brazil and scout investments along the way, this is it. Go to ExpatMoney.com/Brazil.
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Join Us For Upcoming Live Webinars
Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k. If you want to join us for FREE for these presentations with live Q&A, insider secrets, and exclusive opportunities with my professional network of experts, then sign up today.