Maximus

Silver Backwardation: Prices About to Soar

I couldn't agree more. Get the heck out of Bolivia for the reasons cited.

I would also stay away from SLW. If I am not mistaken a good percentage of their business depends on silver mined in Latin America.

If one believes that the global economy has entered a severe recession/depression then investments in Latin America could be very risky if there is social unrest, a backlash against "capitalism" and foreign direct investment, and a wave of nationalizations as result. All very real possibilities if things get worse from here.

I think the safest investments for survivalists would be (1) physical possession of bullion or (2) Canadian mining companies.

Given the relatively poor economic fundamentals of the US vis-a-vis Canada, in the context of a run on the dollar, I wouldn't rule out overt government intervention/nationali... in the mining sector/gold market.


On Mar 06 07:19 PM nmelendez wrote:

> Get outta CDE, Bolivia is in league with Hugo Chavez. Brazil has
> a big ongoing conflict with Bolivia due to govt confiscation of Brazilian
> company assets in Bolivia. Beware Bolivia and Venezuela. All other
> plays in SA OK. Personally prefer Brazil in all aspects, second
> Argentina/Peru and then Central American countries.