Russia can. Russia has vast alternative assets. They have got huge agriculture prospects, metals, minerals. Look at the map. You will see they have just about everything and they probably have things they don`t even know about yet.
You look at Venezuela, or Iran, or Mexico. It is much, much more difficult for them to switch quickly from oil to something else. But even for Russia, you do not do this overnight. Yes, Russia can change. Will they do it quickly? Of course not. It takes a long time.
Related exchange traded fund: Market Vector Russia ETF Trust (RSX)
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Saturday, December 27, 2014
Blog Archive
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2014
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December
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- Huge Currency Moves Will Cause Trouble
- Can Russia Diversify From Oil?
- Looking For Russian Stocks To Buy
- Ruble Collapse: The Central Bank Is Doing The Righ...
- Currencies: Russian Ruble Collapse
- Countries To Invest Around The World
- Macro Views: Latin America
- U.S. Debt: The U.S. Dollar Will Ultimately Have Se...
- Investing: Why Agriculture Is The Smart Play
- Forex Outlook: U.S. Dollar Will Continue Strong
- Will Oil Fall To 40 Dollars A Barrel?
- Video: Sell-Off In Crude Oil Prices
- Commodities Outlook: Iron Ore
- Precious Metals Outlook
- Index Investing Is The Best Way For Most People
- Ways To Invest In Agriculture: Stock Picking
- More Bullish on Agriculture Than Anything
- Crude Oil: All Major Oil Fields Are In Decline
- Geopolitical: South China Sea Military Moves
- The World Needs An Alternative To Fiat Currencies
- Crypto Currencies: Governments Will Figure A Way T...
- Currencies: The Origin Of The Term Debasement
- All Fiat Currencies Eventually Lose Value
- India Is A Nightmare For Business
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