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<blockquote data-quote="Troller" data-source="post: 124800" data-attributes="member: 12500"><p>Venezuela has the largest proven oil reserve in the world. Something like 300B barrels. Multiply oil reserve (300B)* current price of barrel (63) =18,900,000,000,000 </p><p></p><p>That´s trillions. The math doesn´t work this way. It´s not that simple. There´s costs of productions, etc, etc. But you get the idea. </p><p></p><p>The untapped potential of Venezuela is brutal. OP might have been too fast to call the bottom. Which by itself is impossible. Since it´s like trying to time when you will get better from a cold. Normally 2-3 days. But it can take more. </p><p></p><p>But there are sure as hell fundamentals to support a decision to invest there. Not short term. </p><p></p><p>Real estate didn´t sky rocketed everywhere. Greek real estate is still depressed. In normal markets price sky rocketed because of low interest rates. Probably other have negative yelds. A simple google search will give results. </p><p></p><p>The difference between the increase in price in real estate and devaluation of currency can be positive. Most deals are probably made in dollars anyway. Bolivars are irrelevant. There´s no data to say it´s negative for high end real estate investors in Venezuela. Nor positive. For the fact. </p><p></p><p>But if in stocks it was not a break even. But profit. Handsome profit. I bet there was also profits in prime real estate. Even with all the devaluation. </p><p></p><p><a href="https://www.cnbc.com/2015/05/07/venezuela-stocks-up-300-percent.html" target="_blank">https://www.cnbc.com/2015/05/07/venezuela-stocks-up-300-percent.html</a></p><p></p><p>"Still, since the Caracas general index is up some 600 percent in 12 months, and 23,000 percent over the past five years, the theoretical American investor who was able to convert money into bolivars, buy Venezuelan stocks and convert the money back to dollars has likely generated a handsome profit."</p><p></p><p>Stock market didn´t tank. I don´t buy the official explanation of why. But I had to dig deeper to catch the real info. If you have any alternative idea why please discuss. </p><p></p><p><a href="https://www.bloomberg.com/quote/IBVC:IND" target="_blank">https://www.bloomberg.com/quote/IBVC:IND</a></p><p></p><p>If I were to invest in Venezuela. Which I´m not. It would be in Isla Margarita. An hotel. But for my level of risk it´s too early. There as to be some signs of change. But you would have to get info of this signs before they are made public.</p><p></p><p><a href="http://www.viviun.com/Real_Estate/Venezuela/Margarita_Island/2/" target="_blank">http://www.viviun.com/Real_Estate/Venezuela/Margarita_Island/2/</a></p></blockquote><p></p>
[QUOTE="Troller, post: 124800, member: 12500"] Venezuela has the largest proven oil reserve in the world. Something like 300B barrels. Multiply oil reserve (300B)* current price of barrel (63) =18,900,000,000,000 That´s trillions. The math doesn´t work this way. It´s not that simple. There´s costs of productions, etc, etc. But you get the idea. The untapped potential of Venezuela is brutal. OP might have been too fast to call the bottom. Which by itself is impossible. Since it´s like trying to time when you will get better from a cold. Normally 2-3 days. But it can take more. But there are sure as hell fundamentals to support a decision to invest there. Not short term. Real estate didn´t sky rocketed everywhere. Greek real estate is still depressed. In normal markets price sky rocketed because of low interest rates. Probably other have negative yelds. A simple google search will give results. The difference between the increase in price in real estate and devaluation of currency can be positive. Most deals are probably made in dollars anyway. Bolivars are irrelevant. There´s no data to say it´s negative for high end real estate investors in Venezuela. Nor positive. For the fact. But if in stocks it was not a break even. But profit. Handsome profit. I bet there was also profits in prime real estate. Even with all the devaluation. [URL]https://www.cnbc.com/2015/05/07/venezuela-stocks-up-300-percent.html[/URL] "Still, since the Caracas general index is up some 600 percent in 12 months, and 23,000 percent over the past five years, the theoretical American investor who was able to convert money into bolivars, buy Venezuelan stocks and convert the money back to dollars has likely generated a handsome profit." Stock market didn´t tank. I don´t buy the official explanation of why. But I had to dig deeper to catch the real info. If you have any alternative idea why please discuss. [URL]https://www.bloomberg.com/quote/IBVC:IND[/URL] If I were to invest in Venezuela. Which I´m not. It would be in Isla Margarita. An hotel. But for my level of risk it´s too early. There as to be some signs of change. But you would have to get info of this signs before they are made public. [URL]http://www.viviun.com/Real_Estate/Venezuela/Margarita_Island/2/[/URL] [/QUOTE]
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