Argentina and Indonesia are economically shaky and by that i mean the economics can change quickly if there is a change in the political wind. South american governments have a history of nationalising what they may consider important assets. Have a look at Bolivia recently with its hydrocarbons industries. Who is to say what may happen if gold does what we think it might. Same goes for Indonesia, dont think for a minute a 4 million OZ resource there if its proven is that simple to keep and dig up. People have a habit of studying 30-40 year charts and looking at long term history in times of crisis as we have now. Why cant we do the same with political scenarios as your trust in the Argentinian and Indonesian governments is admirable but not realistic. Stranger things have happened.
IAU Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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