TheLion.com - Forum

Date: 08/04/2011 13:44

Forum: Great Basin Gold - Msg #113

Thread #673272522 (Rec: 0)

Nationalizion given the huge out flow of revenue that in truth
belongs to the people is hardly a risky path. (depending on
your point of view of course) Countries around
the globe have taken back natural resources that were being
unfairly allocated. Given the current value of the gold in the
ground and the existing infrastructure why would they need
"credit" when they literally have money in the ground?

My point is that nationalization in poor countries where the wealth
generated from economic activities is being disproportionately distributed
to foreigners is a very real and ongoing risk. To dismiss such risk
out of hand is at best naive. At worst it can spell revolution and bankruptcy.

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