GLN was looking good until I saw it's in ArgentinaMy uncle keeps telling about the hardships in the late 80s when companies were looted. i will stay in europe for my li investments:
people's memories seem to be very short! hyperinflation rocked Argentina in 1989, massive looting and resource companies collapsed. remind me again why hyperinflation is different this time:
https://fredericksburg.com/news/10-stories-of-hyperinflation-in-history/collection_41928fba-f9f3-5186-882a-3d98542a9b1c.html#81989: Argentina
Like many countries on this list, Argentina’s hyperinflation came as a result of war debts. After the country suffered a loss in the Falklands War in 1982, by 1989, only 30,000 people out of 30 million were paying income taxes, according to Reuters.
Monthly inflation rates reached 197% by July 1989, according to the CATO Institute. This resulted in riots and looting for resources until Carlos Menem took over the country.
Is hyperinflation a concern for GLN?
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