Friend: Yeah, I think it’s a bit more complicated than they make it out to be. Syrian pound went up 20% after Bashar took power though. Stayed relatively flat, except for conflict with Israel in 2006, but of course it completely tanked in more recent years. I’ve been watching Cuba too. I think Cuba is probably the safest bet out of all of them.
Trevor: Maybe the spike in the Syrian Pound pre war can be a warning about how events can change rapidly. Actually interesting to think just about that in particular because it shot up because Bashar was viewed as a relatively good guy in the region. An eye doctor who spent a lot of time in the UK. I don’t think the analogy of betting on the Chinese currency around the same time as China was reforming is great because I don’t think you would of made money (Looking this up it seems to be very TRUE). China along with many developing countries aggressively hold down the value of their currency as a way of making their exports more competitive. I think real estate could be a very good proxy for betting on a country’s economic growth. But buying North Korean property is probably a little difficult. Trading currencies are for short term trading gambling on a country’s central bank policies and trade flows. Not investing in my opinion. Just some thoughts….