Monday, May 5, 2008
Investing in Venezuelan Mining: Risk or Reward?
Venezuela with its re-elected President is one of those media-grabbing headline news jobs. The political differences between Chavez and Bush continue to blind views of the real situation as it stands. War of words and threats is what people see and hear. In reality, Venezuela and the USA need each other, and there is no indication that this will ever change. In short, people see reports of 'nationalization' and fear strikes them. They do not understand much of what is happening, unless they are told by the media or analysts who continue to strive for their own benefit rather than the truth. Venezuela, as well as other countries, is taking control of its resources. By control it does not mean 'hostile take-over', but rather a majority control which benefits both parties.
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