Beware, mining investors, nationalization programs could be coming soon to a theatre near you.
Argentine President to Nationalize Oil Company
Are your mining stocks really safe when sovereignty gets in the way?
There are no guarantees all those junior mining stocks in which you've invested, in all the various countries around the world, won't be subjected to the exact same thing that happened today to YPF. That is for you to decide but, clearly, Argentina is just one country of many who may have already decided that what they have is theirs, thank you very much.
It is news like this that could very likely add a premium to physical precious metals in the very near future. Mining stocks have always represented a risk, and the stakes just got higher.
Always perform your own due diligence. These are only my opinions.
