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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (51142)10/24/2007 7:45:43 AM
From: tyc:>  Respond to of 78421
 
edited.



To: Proud Deplorable who wrote (51142)10/24/2007 8:26:36 AM
From: loantech  Read Replies (1) | Respond to of 78421
 
The Privateer is one sharp dude. I subscribed to him for years. No longer but his gold calls are good.



To: Proud Deplorable who wrote (51142)10/24/2007 10:02:03 AM
From: Julian Augustus  Read Replies (2) | Respond to of 78421
 
I see no undue country risk in Latin America as far as mining is concerned, maybe with oil but we aren't too concerned with this as there is almost no correlation. I don't understand that statement. Can you prove this statement with some facts?

I must have been less clear in my post than I thought, because you are all missing my point. I suggested that the difference in valuations of two similar-sized deposits could be due to investors' perception of country risk, and indicated their possible assessment of the country risk for the two deposits. Claude suggested that Chile is safe, and I agree, but there are many investors, even some on this board, who will NOT invest in any deposit outside of the US, Canada, and Mexico.



To: Proud Deplorable who wrote (51142)10/24/2007 1:20:55 PM
From: Malyshek  Read Replies (2) | Respond to of 78421
 
Ralph,
You say: "How about the USA. Is there any political risk there? How about the sinking dollar? Is that risk? The USD is going to zero so those investing in that country ought to be wise and get everything they can out of the country."
But if the dollar sinks, costs of a gold miner operating in Nevada or Alaska will be correspondingly less compared to costs in countries with a strong currency, and thus profits will be greater, so why not find good miners in the U.S. (I like MAD.V in Nevada and a few Alaska plays and may yet buy into Slan's Western Goldfields) and invest some money in the U.S., instead of letting your reflexive anti-Americanism keep you out of a good opportunity? (And this isn't said as a super-patriot, just as a comment on relative costs.)