Currencies Weakening Everywherehttps://wolfstreet.com/2016/12/11/why-the-peso-crisis-wont-be-contained-to-mexico/
"In January 2014 the exchange rate was about 13 pesos to the U.S. dollar, or about 7.7 U.S. cents for each peso. Currently, the exchange rate is about 20.4 pesos to the U.S. dollar, or about 4.9 U.S. cents per peso. So the peso has lost about (7.7-4.9)/7.7, or about 36% since January 2014."
Everywhere you look countries are up to their eyeballs in debt and currencies are on the verge of collapse, and still you get bearishness with respect to the price of gold. How can you not be bullish on gold when our whole global financial system is a debt-based ponzi scheme?
Regardless, being in Mexico is fortuitous as the MXN is one of the weakest currencies around.