Anyone profiting from Venezuela right now? If so, how?

[Cuddles]

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.

 

[doggyfx]

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

 

[FreakofNature]

Sell them toilet paper.

 

[doggyfx]

Sell them toilet paper.

They've already turned to stones or leafs I guess :0

 

[motif]

Bakers. No food left there. The socialist dream.

 

[java]

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.

 

[sle]

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.

 

[java]

Another example of the importance of property rights, just laws and justice.

 

[dealmaker]

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.

 

[Cuddles]

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.