Seems like government bonds were a decent alternative maybe 3 yrs ago, looks like they're out of money at this point. Other than shorting GM and/or whatever is left to be nationalized, how are you making a buck out of what's going on down there? Seems like their only play is oil, which would devalue the barrel even further. So there's money to be made there.
They are still to reach the through, inflation projected at 2000%. Everybody is selling, who's gonna take the buy side during the rout? So basically its a dead option
hmmm, we went through the same thing with Russia. Like the man said, If I was a young man with a million to invest I might invest 100k in Russia. And If I was an old man with 10 million to invest I might invest 100k in Russia.
I'd love to put a "option-like amount" (say $100k) into Venezuela, for instance I am sure real estate is going to be attractively priced. However, it's impossible to get access and local guidance, so it's too much of a hassle.
I am sure one day property will be valuable in Iraq and Syria too. I know Hess Oil is making big investments in Iraq with that idea. Let's hope the situation in Venezuela doesn't degenerate into a civil war.
My bet would be towards a left center move thanks to the opposing right and general overall population fed up w/the left. That would translate to a center leaning leftist winning the elections in 2019 or Maduro getting recalled before then. The new admin. would have to clean house as it's filled w/Chavistas. In any case, I wouldn't start buying beachfront property until a new government (non-lefty) comes in.