2009-02-19

More transparent, less risky investments

The losses by Stanford’s and Madoff’s investors may prompt Latin Americans to seek refuge in more transparent, less risky investments, said Alberto Ramos, senior Latin America economist at Goldman Sachs Group Inc. in New York.

All six major Latin American currencies have weakened against the dollar in the past six months, with Mexico’s peso plunging 30.4 percent.

Bloomberg has the rest of the story.

Yet another argument for gold.

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