Latin America has a repeated history of veering to the left and then to the right. I have a few shares of Great Panther Resources, which has taken over a large silver mine in Mexico that was earlier taken over by the workers some years ago and run into the ground.
There's plenty of ore, a machine shop, the works, but the workers' unions were just too greedy to sustain the operation. They ran it into the ground and put everyone out of jobs.
So, now they have let a Canadian company come in, buy it, and run it right. Then, no doubt, a certain number of years down the line, when it is humming along and dividends are rising, there will be political pressure to nationalize it.
It's anyone's guess just when these all too common political revolutions will play out. Some South American countries are still pretty healthy, but the Hugo Chavez disease is catching.
thats the price for volatility and third world markets, high risk low returns,...