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Reply #18: Why would that be? [View All]

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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-10-08 06:26 AM
Response to Reply #8
18. Why would that be?
If Venezuela nationalizes the gold fields, gold will not lose value, profits derived from mining gold will go the Venezuelan government rather than to the former owners of the gold mine. Nationalization is done with full compensation, share holders get bought out. The value of shares in specific gold minig companies might take a hit, but they will not lose all their value.
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