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Illiquid investments can still have value if they’re out of the reach of governments. (Governments can’t decide the exchange rate, or tax/confiscate them) This
by mathattack 8y ago
Illiquid investments can still have value if they’re out of the reach of governments. (Governments can’t decide the exchange rate, or tax/confiscate them)
This is a stretch in the US, but less so elsewhere.
I’m not a holder because it’s too speculative an investment for me.
- sorokod 8y agoSo what happens when one actually does wants to liquidate?
- mathattack 8y agoGo into another currency. (Yes it’s risky, but not compared to cash in Venezuela)
- tedunangst 8y agoHow does one liquidate an illiquid asset into another currency?