True GCR Story from a 3 Million Mile Business Traveler
This is not a rumor mill ‘bank story’…
Over the years, I’ve been asked many times why I’m such a GCR advocate.
Given my Executive business career, I guess I don’t strike my peers as a ‘financial conspiracy theorist’.
For about two decades, I was an entrepreneurial business nomad being away from home 75% of the time.
I would book round-the-world flight plans on a regular basis. Enough to accumulate 3 million statute miles travelled on United Airlines alone.
One time, I was on a flight from LAX to Hong Kong and upgraded to international first class, thanks to United Global Services perks.
Sitting next to me was a diplomat across the aisle from Vietnam.
Halfway through the 15-hour flight, we got to talking.
Given Vietnam is a socialist/communist nation, I jumped at the chance to discuss economics and international financial matters.
It was a fascinating conversation. Of course I asked about the VND’s 5-digit exchange rate vs major G7 currencies.
Later, as we were waiting together in the HK business lounge for our respective connecting flights, he shared something remarkable.
He told me that the VND would revalue at some point as plans were being drawn to form an allied block of emerging economy nations.
He wouldn’t speak of details for various reasons, yet, when he was saying his goodbyes, he said I should consider buying some VND if I were ever to find myself in Vietnam.
There’s a lot more to this story, but you get the gist.
A few months later, on another trip, that’s exactly what I did after deciding to fly to to Hanoi for a few days while staying in Singapore.
Now Vietnam seeks to join the BRICS alliance.
Sometimes, seemingly unremarkable nudges hit you like a hammer.
Ps. This is NOT financial advice. I’m just a guy on a GCR journey.
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