Don’t laugh… it’s not as far-fetched as it sounds. And if anybody can figure out a way to do it, Templeton’s Mark Mobius immediately comes to mind. Mobius had the following to say at a press conference in London:
We are also looking at Iraq, though we are not invested there now. We would have to convince a custodian bank to set up there though, and make sure the walls of the safe are thick enough… It could be six months to a year until that really comes together, and volumes would be small when it does.