RE:RE:RE:RE:RE:RE:RE:Gold...
goldstd69 wrote: I personally avoid places like russia, turkey, and much of africa but west africa appears on the surface to be more tempting....despite the routine coups in west africa I would think the last thing the military juntas want is to interrupt gold production..those miners in west africa are providing jobs and building schools, hospitals etc and likely paying huge taxes. Always follow the money trail.
also generally avoid South America and Centra America. And of course Eastern Europe now. Even parts of Canada are mired in environmental, political and indigenous peoples red tape. And let's not talk about China and south east Asia
point being, everything has some risk. Well run companies find a way. Don't put all your eggs in one basket or country full of basket cases.
Endeavour at least plays the political game well, operates in four countries all of which are in one of the richest gold belts with very low AISC structures.
The main problem persists - high USD and low PoG At least revenues are all USD and some expenses are not .
When something breaks in the US ( and it will) - then the rush into commodities and currencies like gold begins ( at first slowly, then all at once)
MM