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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (26395)12/14/2007 6:45:47 PM
From: Lee Lichterman III  Respond to of 218011
 
They have been saying that for 40 years. Africa is a sink hole where money never sees light once it goes in. Look at HMY for example. Gold triples in price and they put so many restrictions and tax so heavily that HMY is atually low than when gold was $255 oz.
quote.yahoo.com

S Leone corruption rife...
news.bbc.co.uk

South Africa sounds like a nice place if you think corruption and the raping of 9 year olds is par for the course...
news.bbc.co.uk

Sudan is just going to shift governments every 3 months. Nothing like stability to sooth a market...
news.bbc.co.uk

Algeria is the new Afganistan...
news.bbc.co.uk

Congo etc still at war...
news.bbc.co.uk

Ivory Coast corruption and in fighting still going on...
news.bbc.co.uk

Short version is no thanks. Africa has been a lose lose for the last 50 years despite fantastic resources. I'll stick with Brazil, Australia and Canada where the thievery at least stays white collar and a small percentage vs what is allowed to be skimmed by investors.

Good Luck,

Lee