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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.93-0.4%Dec 24 4:00 PM EST

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To: Muthusamy SELVARAJU who wrote (5070)3/27/2006 2:41:16 PM
From: Slagle  Read Replies (1) of 218701
 
Muthusamy,
I believe if I was going to invest in Belize I would be inclined to buy land there rather than Belize government bonds or anything of the sort. I love the country and there is some sugar cane but tourism (and USA, Canada ect. remittance) is the mainstay of the economy. This opinion is not based on any particular knowledge of the Belize bonds but just on my observations of the place in general. That 11% yield may be an indication though. OTOH I have some American Airlines and GM bonds (the quarterly interest type that trade like a stock, AAR, XGM) but these are pretty liquid and I watch them closely as I have a pretty good gain in them at present. I really like Belize, though.

Maybe three years ago I looked into obtaining a Belize "investors visa" and then you were required to place $25K USD in a CD in a particular Belize City bank, don't remember which one. Belize government bonds were not an option at that time and I wondered at the time why not, as the visa program was of course a Belize government function.

One thing about Belize is the tiny population, I think about 250,000 folks. Very underpopulated by 21st century standards. Very little in the way of roads or other infrastructure. But it is a nice and inexpensive place to live or to visit.

What are Philippine bonds yielding now? Unlike Belize there is no shortage of people there to help pay off the bonds, with many millions of them working abroad on labor contracts, some of them in your country. Despite the problems there they have gone right ahead making payments on their foreign debt, much of it a result of various frauds back in the Marcos era.

I think TJ once mentioned Trinidad bonds. With all that natural gas that should be a safe bet. I was told by a friend that last year there was a killing to be made in Iceland bonds, but that they are too high now.
Slagle
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