InvestorsHub Logo
Followers 75
Posts 28874
Boards Moderated 2
Alias Born 12/30/2004

Re: CPTMatt post# 33158

Saturday, 02/18/2017 5:16:34 PM

Saturday, February 18, 2017 5:16:34 PM

Post# of 35715
CPTMatt: Something to consider about gold:

Should the price of gold double or triple, it is not crazy to think that the Government of Mexico would nationalize gold mines there. It is not crazy to think that many third-world countries would do the same thing.

So if anyone here would like to see gold go to, say, $3,000 an ounce, be careful what U wish for!

Here is what made me think this. A family friend used to go to a nice resort in Mexico every year. We are talking 1950's, 1960's. It ended when the government took over the property.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.