Portfolio: Venezuela’s Search for Economic Security
John Mauldin
September 8, 2011
Este artículo no está disponible en español. Para su comodidad, aquí está la versión en idioma Inglés.
You're familiar with my thoughts on
gold: I buy it regularly as insurance, not an investment. Now here's something
you didn't expect: I just watched a STRATFOR video and learned that the
Venezuelan president, Hugo Chavez, keeps an epic 60 percent of the nation's
reserves in gold. Wow. Guess he sees it as insurance as well?
Watch the video. It covers four recent
moves by the ailing leader in an attempt to drum up some cash for his social
programs, which can only be interpreted as a strategy to keep his waxing and
waning political support strong. It all goes to show that Venezuela is a nation
to watch, for better or worse, given Chavez's illness and the absence of a
strong successor.
Oh, and let's not forget that the U.S.
imports about a million barrels per day of oil from Venezuela, or 8 percent of
total U.S. oil imports ... not insignificant.
After you <<watch
and digest the video>>, I suggest subscribing to STRATFOR to access
all their geopolitical intelligence. They cover everything from Chavez to China,
and all things in between, with a unique perspective. OTB readers get a
whopping 63% discount off their first year, plus a free copy of The Next Decade, the forward-looking
bestseller by STRATFOR CEO and founder George Friedman. Try them out. As they say,
it's a golden opportunity.
Your keen on geopolitics analyst,
John Mauldin, Editor
Outside the Box
JohnMauldin@2000wave.com
Comments
Larry Brown
Sep. 9, 2011, 12:20 p.m.
I don’t like videos.
It takes 30 minutes of my time to watch a 5 minute video the transcript of which I could read in 3 minutes.