Recently there was a post about declining chip prices and factors that affect it. Here's one bit of "good" news from a person in Venezuela who asked my advice on selling some mother of pearl chips. I thought he was putting too high a price on them (for a sale there), but he countered with this:

"We have an interesting phenom here. Anything that has substantial value and that is storable/transportable (gold jewelry, coins, stamps) are very overpriced because we do not have access to hard currency. At the same time the place is flooded with Bolivars in the run up to the election, as the ruling party wants to show everything is all right. Especially important when your leader has cancer. Next year after this Oct. election, there will be a devaluation of 50%, no matter who wins. Every year banks are intervened and at best your accounts are frozen for awhile. So people buy things which they can put away at their houses, knowing the value will be increased by 50 to 100% in a year. Some people buy cars..... It is this kind of buyer I hope to entice. Thanks for the advice on language, we did it fast so will redo in a few days."

Maybe with 5 more years of you-know-who in the U.S., chip prices will rise here for the same reason.

Robt.
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