Betting on North Korea is one of the biggest gambles in the world and may even be illegal in some countries to do. But In an interview with Real Vision TV, the investor who cofounded the hedge fun Quantum with George Soros think the hermit kingdom is where China was in 1981!?
I don't recall China firing missiles off Japan, threatening to destroy America, fiddling around with nuclear technology, and having a freakshow family forcibly worshiped as god like or face imprisonment for 3 generations.
Hey but Jim says they are starting to open up behind the scenes somewhat like China was doing in the early 80s. The big problem is when the wool is pulled off the eyes of people of North Korea which is the big question. And then how it will work with South Korea.
But even if it was a great opportunity for an investor and it was ok to do legally - would you really want to look back and say I helped finance that nightmare which it could very well be.
No thanks! Gwenchana 괜찮아
Reference article:
http://www.businessinsider.com/jim-rogers-if-we-all-bought-north-korean-currency-wed-all-be-rich-someday-2016-8