Thanks for your reply, a very active thread... have not had a chance to get caught up reading it all quite yet.
Oh, I see after reading some more of the thread I need to insert something for admin Bob. Headline: Russia dumps gold and oil on world markets.
As for your question; As for Russia in general...you are joking right? I'll bet there are a lot of mines being worked with stolen Red Army heavy equipment...
No, of course you would not want to buy a Russian stock right now, whether it be gold, oil, or whatever. No matter what the company does, no matter what it's prospects for exporting etc...a country which can't even come up with a way to govern itself, collect taxes, and feed it's people is going to have to go through a lot before it looks like a place to invest, wouldn't touch it--and not even sure things like otc:bb lukoy trade anymore. Probably TRF is overpriced too. Would not be surprised if Europe is airdropping food to Russian villages this winter, very sad. Although the Russians are skilled at hoarding, having done it year after year, so maybe it won't be that bad.
--MM |