I recently looked up what the numbers were for arrivals to the Dominican Republic in 2022. These reports tend to be released very soon into the new year. As I am receiving reports from our subscribers on how dismal their nation’s economy is after receiving the stats, I have to take a step back and again appreciate how things are in our region. Our economy is holding its own rather well.
Needless to say, I don’t believe the government’s reports on record breaking arrivals; however, things seem to be holding their own rather nicely. Remember, not will I be affected but rather to what degree will I be affected. That’s the important question to be asking.
I encourage my listeners for all those with the means to do so to consider reallocating a good part of their portfolio into a well-researched foreign country and PARK IT! That’s right, just park it. This is just the very beginning of what’s to come and I dare state this is the year you’ll really begin to understand why I’ve been saying this for a good number of years now.
History has 100’s of examples of currencies being replaced. It’s one of the most affective ways of flushing out and forcing people to expose what they have. This leaves them open to extensive levels of government intrusion and in extreme situations, confiscation!
The other and equally important part is whenever a new currency is issued there’s always an exchange rate involved. History proves there’s always been an exchange ratio of some sort, 1.5 – 1.75 to one but it’s always penalizing the holder. Those holding only cash suffer, those with tangibles exchange at the value of the tangible. There is no 1.5 or 1.75 to one. If you doubt study your history. You can come out better on the other side, but it takes prudent action. Until next time, Barry in DR.
