If Greece leaves/is kicked out of the Euro, will gold go up? I need financial advice

[Dinner]

Are you allowed to buy foreign financial assets? If so, you could do something like open a Vanguard account and invest in a stock or bond index.

If you're just looking for some where to stash some money and make a decent return then this would be a good idea. If all else fails tape stacks of cash to your butt, put your pants on, and then walk across the border to Bolivia, Paraguay, Chile, or Uruguay for a "vacation".

[Dinner]

they have dogs trained into detecting dollars at the fronteers
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Don't use an official crossing. Instead become a "hiker" who just so happens to want to go hiking by the Bolivian or Chilean border. I doubt they can afford border control officers for every stretch of deserted frontier out there.

[Alexander's Horse]

Barnabas, you came here for financial advice? You must be desperate, lol. Okay then

If Greece leaves the Eurozone I expect gold to go down. It would be good news, strengthening the Euro. Same for Spain and the other Latins.

[Dinner]

I hear unemployment in Spain is now up to 26% of the working age population. Greece has similar levels.

[Jon Miller]

I have heard that there are means to do it illegally (especially in some border town).

Argentina has a high demand for dollars and the official exchange rate is terrible. People from the US/etc who want to buy cheap property (only cheap because they have dollars) can do so.

I can understand not wanting to do things illegally. I wouldn't want to.

JM

[Jon Miller]

I'd find a foreign investment fund if you're allowed if not put your money in a suit case, drive to Uruguay or Chile, and open an account there so you can get out from under your governments absurd restrictions.

You can't really open accounts in Chile.

JM

[Dinner]

I have heard that there are means to do it illegally (especially in some border town).

Argentina has a high demand for dollars and the official exchange rate is terrible. People from the US/etc who want to buy cheap property (only cheap because they have dollars) can do so.

I can understand not wanting to do things illegally. I wouldn't want to.

JM

It's cheap, sure, but the problem is once your money is in the country the retarded government has so restricted stuff largely due to it's own incompetence that it really isn't worth it. I mean they've already nationalized foreign assets several times in the past so why risk your capital in a country where they might just steal it all from you? Hell, half the time it isn't even worth it to be a farmer in Argentina because as soon as the market price of agricultural goods becomes high enough to justify new investment for increased production the government slaps export restrictions on it so that your whole year's worth of work must be sold at depressed domestic market prices.

The need foreign currency reserves to get themselves out of their self made problem yet the government is trying to block exports which earn hard currency? All so the same screwed up government can say they artificially reduced grain prices? That's how you run economies into the ground by making it unprofitable to produce anything.

[The Mad Monk]

Yeah, this will work.

Argentina freezes prices to break inflation spiral

Posted: Feb 04, 2013 12:51 PM CST Updated: Feb 04, 2013 12:51 PM CST

ALMUDENA CALATRAVA, Associated Press

BUENOS AIRES, Argentina (AP) — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.

The price freeze applies to every product in all of the nation's largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies' trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government's news agency Telam reported.

The commerce ministry wants consumers to keep receipts and complain to a hotline about any price hikes they see before April 1.

Polls show Argentines worry most about inflation, which private economists estimate could reach 30 percent this year. The government says it's trying to hold the next union wage hikes to 20 percent, a figure that suggests how little anyone believes the official index that pegs annual inflation at just 10 percent.

The government announced the price freeze on the first business day after the International Monetary Fund formally censured Argentina for putting out inaccurate economic data. The IMF has given Argentina until September to bring its statistics up to international standards, or face expulsion from the world body in November.

President Cristina Fernandez and her economy minister, Hernan Lorenzino, responded over the weekend with a flurry of attacks on the IMF, saying the agency's data-gathering efforts had lost credibility in the lead-up to Argentina's historic 2001 debt default. They said IMF advice is leading Europeans astray by favoring big banks over measures that can grow economies out of crisis.

However, Lorenzino also said that the government will begin using a new inflation index starting in fourth-quarter 2013 — just in time for the IMF's decision.

Copyright 2013 The Associated Press.

http://www.myfoxny.com/story/20958959/argentina-freezes-prices-to-break-inflation-spiral

BTW, a bot bumped the thread.

[The Mad Monk]

Don't use an official crossing. Instead become a "hiker" who just so happens to want to go hiking by the Bolivian or Chilean border. I doubt they can afford border control officers for every stretch of deserted frontier out there.

I'm sure the bandits will appreciate that.

[Hauldren Collider]

Cristina Kirchner is a ****ing idiot.