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Thursday, July 15, 2021 2:19:25 PM
But the world was a far different place a decade ago. Over Half of Latin America is now communist, and a lot of these countries depend on the mining industry, Like Peru, Bolivia, Ecuador, Mexico, which just elected an out of the closet socialist president, Argentina wherethe peronists are back in power...and even Chili is now threatened, and there are so many others, like the ones in central America....which do in fact have mining companies...not knocking Latins because even America has a government now that reminds of Mussolini's in the 1930s, a fascist state which combined communism with the corporate oligarchs.
There are two choices as I see it: 1. invest in the GDX, which has the majors who are making serious money, and are better at dealing to a degree, with nascent commie governments, or 2. forgo an index, forgot that risk, and simply buy companies like KL which have smallish commie and confiscation exposure. There are not many of those companies around, ..even canada has a communist central government but so far the mining industry has been able to keep them at bay, to a degree. Remember, money talks
So if you buy gdx and kl, for instance, then the only fear is a general market collapse, which is very real.
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