When my wife's family escaped Maoism they travelled with Silver/Gold and left most of their wealth behind.
What they did manage to get into Thailand and other countries in Asia, they bought land.
Today (wife) has roughly 500 Rai (just under 200 acre) transferred or to be transferred on deaths from all the land through the generational splitting which isn't bad as most moved to the West, included in that is half a mountain, at their peak as a family unit they had something like 10,000 rai (3953 acre).
This wasn't some cheap land up north either, but prime land around Bangkok-Phuket through to the South, at one point they owned a chunk of cape Panwa (famous cape).
Generationally the land in the family sold off for cars, homes etc instead of mortgaged and built up more.
Anyway we are at the point in Thailand where demographics are collapsing debts souring so land is entering firesales, in the last week, her mother was offered the the other side of the mountain (36 rai for next to nothing in desperation from the owner to save his other assets from debt calls).
Place to be buying is not South America.. IMO, and certainly not Europe, Vietnam perhaps...
sharklasers said:
Before good times there will be a lot of bad times for bitcoin or his successor. I foresee a complete rebuilding of its architecture since the current one can't support industrial transaction rates, full ban and criminalization of its use by authorities with resulting extreme volatility.
Click to expand...
Not gonna happen... wallstreet now have their claws deeply in.
