Venezuela: A 60 day State of Emergency declaredOne of my “Ten Random Predictions for 2016” back in December 2015 (17) was this:6) Venezuela's government to implode. Maduro won't be President this time next year. It's likely to be very messy too. Venezuela has been the butt of annual "teetering on the brink" type of op-eds and articles every year for the last ten years with the right-wing press getting it wrong every time, but this time around things are obviously deteriorating and the opposition victory in the December elections just gone is a telling moment. Oil prices where they are could be straw that breaks this camel's back as China won't be so quick to bail them out this time. I don't know whether the PSUV party will fall from government, but the call is "govt implode" and "Maduro out", that's the thing.The events in Venezuela this week suggest that I might be right. President Nicolas Maduro has declared a 60 day State of Emergency (18) shortages for basic consumer goods have increased, the well-documented queues to buy food etc are getting longer, crime is spiking with inflation (estimated at 700% per annum).All very interesting I’m sure, but unless you have a political soapbox it’s not going to affect your life unless you (or loved ones) live there. The reason it’s mentioned today is for the classic “buy when blood on streets” principle, because if the Maduro left wing government falls and Venezuela goes through a period of bigtime political turmoil, we the mining investors may unfortunately have an opportunity to do just that. Most people know the names Gold Reserve and Crystallex when it comes to Venezuela exposure in mining projects, Rusoro might come to mind too. But one I have in mind is
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If Venezuela falls to pieces, it may be an alternative to (what I believe to be the untouchable and wholly crooked pairing of) Crystallex and Gold Reserve. It’s certainly cheap enough and could be snapped up by some smart junior looking for a quick way in to Venezuela mineral acres. Not one to buy today, just a ticker to stick in the back of the mind if/when Venezuela’s current government goes down the tubes.