Saturday, March 8, 2014

N.Korea tidbits

N.Korea tidbits

-Looks like Internet services have been set up within the Kaesong Industrial Complex in N.Korea.

-People are getting their hands on lots of foreign currencies (USD and more recently, RMB) ever since the revaluation of the N.Korean Won in 2009, which had wiped out the savings of millions of people.

-The won has lost 99% of its value against USD in the black market (USD has lost 99% of its value against real goods in the past century).

-It appears that the 'underground' economy is now larger than the 'official' economy, fuelled by foreign currencies.

-Hope I beat Jim Rogers into buying N.Korean gold coins in a month's time.

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