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You Can Always Hide in Kazakhstan
by Nick Giambruno, International Man:
For the aspiring Edward Snowdens among you, Kazakhstan does not have an extradition treaty with the US.
It’s one of the few places on Earth outside the long reach of US law.
You can always hide in Kazakhstan. Though, having just been there, it wouldn’t be my first choice.
I went to Kazakhstan because it’s the world’s largest uranium producer. I think uranium has the most profit potential of any resource market right now. I watch the industry very closely.
The country also showed up on my Value Radar’s sweet spot. (The Value Radar is a proprietary tool I created for pinpointing world markets with the highest upside.)
So, I put my boots on the ground in Kazakhstan to check things out…
Kazakhstan is dirt cheap. A 30-minute cab ride from the airport cost around $5. Dinner in one of the nicest restaurants was $20. Due to the commodities slump, the local currency has lost over half of its value in recent years.
The country is also strategically positioned. It’s a member of the Eurasian Economic Union, a Russian-led trading bloc. And it’s part of the Shanghai Cooperation Organization (SCO), a military and security organization led by Russia and China.
Think of the SCO as a sort of “NATO of the East.”
Kazakhstan is also a key node on China’s New Silk Road initiative—the world’s largest infrastructure project.
Doug Casey has some thoughts on this important country. So I’ll hand it over to him to explain the rest.
