Dollar decline is reflected in POG. Panama uses the US dollar as its currency, as do several other Latin countries. Unfortunately all the fiat currencies are rapidly going down as seen by POG going up. Would not be surprised if Germany dumps the Euro and goes back to the Deutsche Mark.
Good question Pots. Correct me if I am wrong, but if you buy Petaquilla stock in a currency that goes down (say by 5%) and not in the currency that went up by 5% against the 1st, then there is a 10% differential between the two scenarios. So the currency issue is definitely worth considering.
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