My flight to US is leaving in about 2 hours. I know Im retired now, but Ive just received an interesting question, and the answer is yes I am watching the current bust very closely. If youve been fortunate enough to cash in on Ukraine and Argentina, youll be cashing out a minimum of USD $ 2.1 million and USD 2.6 million dollars respectively from both countries by the 31st of this month, and looking at the latest reports it seems like every one who got in didnt go for a minimum cash out, as even amateurs will be cashing out over USD $ 30 million, and some big ballers exceeded a billion dollar mark. This time around Ill be looking closely at Russia, its reserves are still very large. Venezuela on the other hand I dont think it has the financial capacity to handle those rates, if it tries, itll push the country to default on debt. Russia hasnt made the adjustments yet, but if Saudi Arabia continues to reject its request, itll have no choice but to give very attractive rates, and by looks of things I believe theyll be much better than those of Ukraine, and slightly lower than those of Argentina. So my advice would be to wait a little bit till January, and if Saudi Arabia doesnt comply with the request, take the advantage of that. Youve got nothing to lose, and a lot to gain.
Posted on: Sat, 27 Dec 2014 16:05:43 +0000
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