Invest in Venezuela NOW

[Wreckingball]

depends on the elections.
It is a gold mine, but at the moment is also a time bomb.

 

[Christhugger]

I don't know how much technological advancement in the area of heavy oil is coming out of Venezuela these days (my guess is little) but there is a lot being developed in Alberta, hopefully once he's gone we'll see a flow of Canadian technology and workers making their way down there!

All the R&D is in Alberta right now. It is ground zero for this type of oil extraction. Once the cost per barrel is lowered, Russia and (soon enough) Venezuela will be next in line. If companies like Syncrude play their cards right, they will have a market cap similar to companies like BHP Billiton.

You are in a good place right now Scotian (career wise)

Yes this is very good news. I just started my engineering career recently at one of the oil sands majors. After 5 years or so I'll have my engineering license and fluent spanish and be priming myself for a Venezuela transition.

I just hope that Syncrude, Suncor and the likes have the balls to transition their business tactics from their ultra-regulated, safety-before-profit, it's-all-about-protecting-the-wildlife pussy mindset, to whatever cut throat methods will be needed in Venezuela/Russia.

 

[Volk]

Wait until the elections, but now it's a good gamble. When Chavez was alive, a close friend (Colombian) invested in property in the Margarita Islands. Chavez came one day and asked whose property is that, they replied it belonged to a Colombian investor, and he then proceeded accuse Colombian of being spies and scum and finally shouted his trademark "Expropiate!!". And that was it, he lost all the investment. Whoever comes next, tho, won't probably do something like this.

 

[Woolf]

Sorry to bump this old thread, but...

So far nearly every foreigner who went 2012 there to invest some money (and I know lots of them) lost minimum 50% of his investment. Good lesson

 

[Dulceácido]

Reminds me of all my teammates that "invested" in the Iraqi Dinar when we were there. LOL. Those things will turn to dust in the safe before they gain any value.

 

[qwertyuiop]

hahahah funny.

I had a freelancer who was a Venezuelan college student. He asked to be paid in BTC or Amazon Gift Cards. Didn't want paypal or any of the Local currency.

 

[Sidney Crosby]

Reminds me of all my teammates that "invested" in the Iraqi Dinar when we were there. LOL. Those things will turn to dust in the safe before they gain any value.

I know a woman that did this. She's in her 70's, I wonder if she will even benefit before she dies.

 

[ProfessorCumbledore]

Lol this is gold. Pure gold. Wonder where OP is at now....

 

[Troller]

https://www.reuters.com/article/us-...ela-crisis-high-end-real-estate-idUSKCN12715A

"Total square footage of premium office space in Chacao and Las Mercedes is set to jump by nearly 50 percent by the end of next year, according to figures compiled by CBRE, while the cost in local currency of renting or buying such space has soared by nearly a factor of 15 in the last two years."

You have to invest where rich people invest. There´s never lack of money on the top.

 

[polar]

Thing is, that's in local currency, which is depreciating rapidly in a hyperinflationary economy, and these wouldn't be passive investments. You'd be locking up your capital for a long while, until inflation gets under control and the economy is stable enough to invest in, and you'd have to reinvest ever-depreciating local cash flows until then.

 

[Handsome Creepy Eel]

This thread has aged really well. 10/10, would invest again.

 

[fantome]

edit

 

[Australia Sucks]

I think the time to invest in Venezuela would be after The current government gets the boot and the country gets a stable and somewhat sane government. You don’t need to try and pick the absolute bottom, wait until things start improving then invest. Any recovery that eventually takes place could play out for a long time and even if you miss the first year or two it’s not a big deal and you can still make a lot of money.

 

[Icarus]

Why even invest? Why not just pillage?

Why not buy subsidized fuel in Venezuela, transfer it to an Aruban fishing trawler's tanks, and smuggle the fuel out of the country?

Sounds too easy. I am probably assuming something that I should not assume. Any guesses?

 

[...]

Why even invest? Why not just pillage?

Why not buy subsidized fuel in Venezuela, transfer it to an Aruban fishing trawler's tanks, and smuggle the fuel out of the country?

Sounds too easy. I am probably assuming something that I should not assume. Any guesses?

Because the military is already doing it, check the Venezuela/Colombia border. 10x profits as soon as it's crossed.

I doubt they'd want some competition.

 

[Icarus]

Because the military is already doing it, check the Venezuela/Colombia border. 10x profits as soon as it's crossed. I doubt they'd want some competition.

Sure, but is checking the tanks of every fishing trawler leaving the harbor feasible?

What if the trawler dragged a submerged "balloon" filled with fuel? Such an "external" tank was used in the past to transport fresh water.

What if the subsidized fuel were used to power generators that produce electricity to mine Bitcoin? I read stories of BTC-miners in Venezuela getting caught because they were consuming too much electricity from the grid. However, is every droplet of subsidized fuel tracked by the state?

 

[Icarus]

And beginning in 2007, DEA agents watched as a commercial jetliner from Venezuela’s state-run Conviasa airline flew from Caracas to Tehran via Damascus, Syria, every week with a cargo-hold full of drugs and cash. They nicknamed it “Aeroterror,” they said, because the return flight often carried weapons and was packed with Hezbollah and Iranian operatives whom the Venezuelan government would provide with fake identities and travel documents on their arrival. From there, the operatives spread throughout the subcontinent and set up shop in the many recently opened Iranian consulates, businesses and mosques, former Project Cassandra agents said.

Source: The secret backstory of how Obama let Hezbollah off the hook (2017)

 

[polar]

Because the military is already doing it, check the Venezuela/Colombia border. 10x profits as soon as it's crossed. I doubt they'd want some competition.

Sure, but is checking the tanks of every fishing trawler leaving the harbor feasible?

What if the trawler dragged a submerged "balloon" filled with fuel? Such an "external" tank was used in the past to transport fresh water.

What if the subsidized fuel were used to power generators that produce electricity to mine Bitcoin? I read stories of BTC-miners in Venezuela getting caught because they were consuming too much electricity from the grid. However, is every droplet of subsidized fuel tracked by the state?

Edit: not directed at you in particular, Icarus. More like thoughts on the matter.

How is a gringo going to show up with big wads of cash and not get robbed or shaken down?
What happens when (not if) someone gets a clue that you're making money?
Do you have the right friends?
Do you know the right people to pay off?
Do you know the right movers and shakers in the local crime world? the military? the local / federal government? customs / border control?
Do you know how much all this will cost you in "taxes" or other off-the-book costs of doing business?
Who is going to handle your security, and your assets' security?
Do you know what KRE insurance is, and the ballpark price in Venezuela?

Spotting "opportunities" is easy. Execution is hard.

 

[Icarus]

How is a gringo going to show up with big wads of cash and not get robbed or shaken down?

I am not a gringo. I don't look like one.

Taking cash to Venezuela sounds foolish. Taking Bitcoin may be a much better idea.

What happens when (not if) someone gets a clue that you're making money?

Ideally, I would not put myself at risk. I would hire a bunch of homeless guys, former inmates who can't get a decent job and are desperate, guys who need a new liver ASAP and can't afford it, retirees who can't live off their meagre pensions and desperately need money, etc.

Do you have the right friends?

I belong to an ethnic group that has a large expat community in Venezuela and who have been fucked over by Chavez & Maduro. Ideally, I would partner with some of them.

 

[Dulceácido]

It's kinda tragic, though. In my humble opinion, Venezuela has the hottest chick on the planet--wait in the universe. So many Miss Universes from Venezuela, although I think it's an unfair competition because no other planets in the universe ever compete.

Some could compete... What about that green chick with Captain Kirk? Old-Skool body... Lots of curves. Big tits.