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The Colombian government's welcoming policy on oil and mining exploration is drawing the...

The Colombian government's welcoming policy on oil and mining exploration is drawing the interest of Carlos Slim. "They don't want to have Treasuries ... the dollar is weak and there’s no interest," says Slim, explaining why Colombian politicians would rather invest reserves in commodities. GXG -1.0%. AND -0.8%.
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  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    The Colombian government under Uribe and now Santos is killing and dismantling the FARC rebels..Opening up a large portion of the country to exploration of many things....Emeralds we know about..but also oil, gas, coal, nickel, etc.......I know I live here...great country...
    10 Feb 2011, 10:06 AM Reply Like
  • wyostocks
    , contributor
    Comments (7411) | Send Message
     
    "They don't want to have Treasuries ... the dollar is weak and there’s no interest,"

     

    Won't be too long before this sentiment spreads and then the s**t will hit the fan.
    10 Feb 2011, 10:08 AM Reply Like
  • Duude
    , contributor
    Comments (3338) | Send Message
     
    Slim's comment is kind of strange. It seems to me Columbia just wants to see some cash flow generation from their natural resources much as Brazil is doing. The strength of the dollar has little to do with that. But if currencies have anything to do with this, they'll be certain to see Carlos Slim doesn't pass them any stinkin' pesos.
    10 Feb 2011, 10:17 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Actually the Mexican Peso is on a rally.....so is the Colombian Peso....
    10 Feb 2011, 10:19 AM Reply Like
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