The Wealthiest Country in the World Is in Crisis

by Nick Giambruno, International Man:

“300 people and a TV station.”

This is Qatar, according to a common and accurate refrain in the Middle East.

Qatar sits on the world’s largest natural gas field. This has made it the wealthiest country in the world on a per capita basis.

Qatar also hosts the largest and most important US military base in the Middle East. Al Jazeera, the influential international TV network, is based there, too.

Most importantly, this tiny Persian Gulf country is home to one of two “crisis investing” opportunities I’ll tell you about today.

Qatar recently popped up on the Crisis Investing Value Radar, next to our sweet spot (circled in red in the box below).

Here’s how Value Radar works…

Value Radar Opportunity No. 1: Qatar

As you’ve likely heard, Qatar is in crisis.

In June, Saudi Arabia and some of its regional cohorts started a land, sea, and air blockade of Qatar for “supporting terrorism.” They’ve also threatened military action.

The whole situation is a total farce.

The Saudis, of all people, blackballing Qatar for “supporting terrorism” is just too rich.

It’s not a false accusation. Qatar does support Islamic radicals. But Saudi Arabia is without a doubt the world’s largest purveyor of radical Islam.

The real issue is the larger geopolitical story.

Instead of falling in line with the Saudi position that Iran is the source of all evil in the world, Qatar took a slightly more nuanced position. This annoyed the Saudis.

So, the Saudis took a gamble…

They thought pressuring Qatar would make the country fall in line.

So far, that hasn’t happened. In fact, Qatar has actually grown closer to Iran. (The Saudis are terrible strategists.)

We don’t yet know who will win this geopolitical tug of war.

In the meantime, Qatar’s stock market has tanked. That’s why it’s on my Value Radar.

 

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