Just saw this article in Spanish - http://internacional.elpais.com/internac...44905.html
The gist of it is that Chavez will likely be dead in less than two years, which is squarely in line with any available evidence or rumors that I am aware of.
I'd just like to repost what I wrote in a thread not long ago:
"How are your Spanish language skills? How comfortable are you dealing with opaque legal and regulatory environments where unofficial payments are commonplace?
If you can handle it, I would say invest in Veneuela, that is where a huge profit stands to be made.
You will have to be creative in terms of how you make your purchase. The black market for dollars is huge, and if you purchase a property based on the official rate for the Bolivar, you will be screwed. Figure out how to get your coveted American dollars to whoever is selling.
Don't listen to the endless crap about Brazil and the world cup and the olympics. This is a bandwagon, and all of the low hanging fruit in terms of pricing opportunities has passed. THE time to invest in Brazil was in 2002 right before Lula's election, when investor hysteria created capital flight and sent the real up to 4/$.
Chavez will be dead soon. The heavy oil tar in the Orinoco area will provide hundreds of billions to the Venezuelan economy in the coming decades.
There will not be another Chavez, and the various factions of Venezuelan society will reach some sort of arrangment, which no matter how bad it is, will be much better for stability and growth than anything in the past.
Everyone is so scared about what they read in the papers regarding violence and property confiscation, that it is a perfect time.
Fortunes are made when there is blood in the streets. "
The gist of it is that Chavez will likely be dead in less than two years, which is squarely in line with any available evidence or rumors that I am aware of.
I'd just like to repost what I wrote in a thread not long ago:
"How are your Spanish language skills? How comfortable are you dealing with opaque legal and regulatory environments where unofficial payments are commonplace?
If you can handle it, I would say invest in Veneuela, that is where a huge profit stands to be made.
You will have to be creative in terms of how you make your purchase. The black market for dollars is huge, and if you purchase a property based on the official rate for the Bolivar, you will be screwed. Figure out how to get your coveted American dollars to whoever is selling.
Don't listen to the endless crap about Brazil and the world cup and the olympics. This is a bandwagon, and all of the low hanging fruit in terms of pricing opportunities has passed. THE time to invest in Brazil was in 2002 right before Lula's election, when investor hysteria created capital flight and sent the real up to 4/$.
Chavez will be dead soon. The heavy oil tar in the Orinoco area will provide hundreds of billions to the Venezuelan economy in the coming decades.
There will not be another Chavez, and the various factions of Venezuelan society will reach some sort of arrangment, which no matter how bad it is, will be much better for stability and growth than anything in the past.
Everyone is so scared about what they read in the papers regarding violence and property confiscation, that it is a perfect time.
Fortunes are made when there is blood in the streets. "