Quote:
Originally Posted by robh
Hi,
I understand your concern, but regarding what dear Mr Golfingworld says:
I have a friend who was a real estate investor and bought loads of property on the costa del sol over 20 years ago. At that time there were irregular flights, charters from UK to Malaga that only ran a few months per year, or you had to go via Madrid. Once you got to Malaga he had to drive down the old n-340 for anywhere from 2.5 to 3.5 hours along a very bad highway to get to where he was going. How much do you think this guy is worth now?
Will Brazil go the same way, I can't be certain, but the country is moving ahead at a great pace, it is self-sufficient in oil (which economically means a lot), has no terrorism, is a stable democracy, plus is actually a beautiful and exciting place to visit.
Regards,
Rob.
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Rob , you have hit the nail on the head with your last sentence
I think the most important thing about Brazil future is one thing,OIL, Brazil is
now self sufficient in oil, within 5 years the UK and several other countries will be in server economic difficulties because of the oil price,
Oil production peeked in 2005 and is now in decline, demand is getting higher with Asia emerging, soon their will be well over 4 billion people from these emerging markets wanting fridges washing machines and cars, i can see oil at $130 a barrel soon (within 3 years), in the UK this will cause higher energy cost, higher food cost, petrol cost, inflation will go into double figures, houses will crash along with the FTSE. commodity prices will shoot up as people rush to find an alternative to oil, its all looking grim to me, hence a lot of my investments are in emerging market funds heavily weighted to Brazil,
they are years ahead of most countries with their energy program, yes Brazil a third world country, soon to be a major economy, as the local population gets more wealthy so the real estate prices will go up, its just a matter of time, I think Brazil has great potential for the future .