Venezuela’s Economy is Booming
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“Being rich is bad,” declares Venezuela’s president. But someone’s forgotten to tell his people. Because this place isn’t some dour socialist paradise… you can see the money everywhere!
You can hardly find a seat at the best restaurants in the capital, Caracas, these days. They’re always packed… the art galleries are rammed … and the whisky importers have never had it so good. ..
Out on the streets there are so many luxury 4×4s on the road you could almost be in Chelsea! No doubt about it, Venezuela’s economy is booming.
And I’d like to show you how to position yourself to profit from it!
My next Profit Hunter recommendation is a clever way serious investors could profit from this boom.
More on that in a moment. First, let me explain why Venezuela is the fastest growing major economy in Latin America…
Why I believe the boom has a long, long way to go
It grew by 8% last year and 10.3% in each of the two years before… and by 18.4% the year before that…
That’s the kind of growth you can expect when you are the world’s sixth biggest oil exporter and the price of oil just keeps hitting new highs.
Here at Profit Hunter, I’ve long emphasised we are now in the era of $100 oil. And in fact, by some measures, Venezuela is sitting on top of more oil than Saudi Arabia.
It’s just one reason why the boom in Venezuela still has a long, way to go.
You see, it isn’t just a small group of people who are benefiting from all this new money. According to the IMF, the average Venezuelan should have an income of $10,169 this year. That’s up from $5,427 just three years ago. And it makes them richer than the Brazilians, the Argentineans, the Chileans and the Mexicans – the countries that get all the attention from international investors.
Venezuela ’s share market offers good value as well…
The Venezuela Stock Exchange Index is trading at a price to earnings ratio of less than five and it’s yielding about 9%. Yet most of the big international investors have been afraid of going in!
Of course you can’t blame them. The international media has been focussed on Chavez’s nationalisation of some of the big foreign-owned companies’ assets in the country.
But the truth is Chavez hasn’t been as bad for business as he sounds. The signs of new money that you see everywhere don’t quite gel with Chavez’s socialist rhetoric.
Just listen to his former chief of staff, retired general Alberto Rojas…
In an interview with The Economist last year Rojas explained that “some of Chávez’s speeches are for the gallery… and I’ll give you an example: the attack on the bourgeoisie.”
Chavez may have declared that being rich is bad, but Rojas pointed out that banks, “the most extreme expression of the bourgeoisie”, have actually been “the most favoured sector” of the economy since Chávez swept into power in 1999.
So much for all his bombast about the need for “petroleum socialism”!
A real undervalued gem
Don’t get me wrong though…
Venezuela isn’t some paragon of capitalism waiting to be discovered by intrepid investors. A lot of the new money has ended up with people with close political connections to the regime. They call them the “boligarchs” after Chavez’s “Bolivarian Revolution”, which named for the country’s independence hero .
But there IS good money to be made in Venezuela if you know what you’re doing.
And the exclusive report I’m preparing for Profit Hunter members reveals a groundbreaking company that knows EXACTLY what it’s doing.
It’s a real undervalued gem that’s slipped under-the-radar of the wider investment community.
If you’d like to take trial membership to my service you’ll see that this company hasn’t put all its eggs in one basket. It has big operations in Venezuela and its profiting from its growing wealth. But it operates in other fast growing markets as well.
I’m working on this report right now, but all the details will be with members very soon. So if you’d like to sign-up, click here now. You’ll get another great opportunity to act on right away on doing.
The money really is flowing east. Now’s the time to act!
Regards,
Manraaj Singh
Editor Profit Hunter
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