Crude oil represents about half of Colombia's total exports and around 10% of its national income. That revenue could disappear overnight, with no replacement to pick up the slack.Investors are understandably worried, and Gustavo Petro’s advisers have been in damage control trying to ease their concerns.Gold and Bitcoin are both incredibly undervalued, with 40% of the global population now living in countries without basic freedoms, including financial freedoms.You can see gold's true value when you price it in a currency that’s undergone astronomical inflation, including the Turkish lira.
