Chile Forum

Hell gas in Vancouver has hit $1.40lt for regular so $5.60 as a between gal (less than imperial more than US) and the C dollar at 1.055 that would be about Chile prices for regular gas. I was flying about in Chile and Argentina this summer and burned allot of 91 at about $1.50lt or less then got back to the avgas 100 at $2.25lt, it was cheaper in down south than up north, but Colombia had the cheapest gas at $1lt for 91.

So I guess this Argentina 500,000 acres for 5 million would be a poor investment?
http://www.viviun.com/AD-2189/

PanAmerican wrote:So I guess this Argentina 500,000 acres for 5 million would be a poor investment?
http://www.viviun.com/AD-2189/

Great investment if you need a $5 million tax write-off or want to launder money (down to $0):
http://www.reuters.com/article/2011/06/ ... V820110627

Argentina, in my experience, is simply one of the most corrupt countries I have ever dealt with. They rank above both Mexico and Guatemala, and I might only put China above them in terms of the depth and breath of corruption in the society. There might be a few more corrupt countries out there, but not many. You would likely have to look to Africa for a more corrupt country, and it seems they are now ranked alongside the likes of Nigeria.

Let's put it this way, the last two property purchases we handled involving a citizen of Argentina selling property in Chile, also involved payment with big bags of U.S. dollar bills (not easy to arrange and dam expensive in Chile, but possible). They would accept no other form of payment, for fear it would be stolen in Argentina by the IRS, the banks, and so on. They likely planted that money in the back yard under the rose bush when they got home.

Those were my exact thoughts about Argentina... launder down to ZERO! - heh... good way do describe it.! chao

But is it totally not worth it? Aren´t there any opportunities by taking advantage of that joke of a government they have? (not owning land maybe, but some business that could thrive even when there is such corruption) I´m thinking of this as a chilean and can´t come up with anything.

comegalletas wrote:But is it totally not worth it? Aren´t there any opportunities by taking advantage of that joke of a government they have? (not owning land maybe, but some business that could thrive even when there is such corruption) I´m thinking of this as a chilean and can´t come up with anything.

You only get to win at that game, if you are making the rules of that game. Outsiders don't really get to play. If they can clean out the IMF, little old joe retired dude from the States with no Spanish, is going be super parted with his money. We have dozens of clients that use to be in Argentina, lost a lot, and are now happily living in Chile.