A long time ago, i used to work for a well known City Bond Trading firm.
We had offices all over the world.
The salespeople got commission on every trade-up to 2%.
When i started there was a terrible financial crisis going on in Argentina.
Inflation was rampant and everyones savings were being destroyed.
(ring any bells)?
Several times people walked into the Buenos Aires office with briefcases containing
$1 million or more. They were so desperate to buy an asset denominated in U.S dollars that they didn't care about the commission.
Some had even swum along the River Plate to avoid the authorities!!!!!!!
Forget what the ass hole politicians and many economists say.......jim rogers is right.
If you have any money then get it out asap!
ps you may need to start swimming training sooner than you imagine!
It doesn't look too far does it?
3 comments:
OK, sounds rational - how exactly do I get my modest savings out?
Yes, do you put it another currency, and where do you put it?
If you buy gold its at the top of the market now.
you will have to make your own decisions on what to do-however- a nice trip to switzerland might be nice....or somewhere that you can actually buy gold openly...at market price......
as for the price being high......i think we will need to look at just preserving assets for the meantime......not great but it is better to stay level than lose......
and if you can do that you will be so much better off than the millions that are sleepwalking into disaster.........more later....
thanks for posting ...
Post a Comment