Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Rumour has it that some major U.S. asset managers prefer to hold gold outside the country for fear of confiscation in an echo of Franklin D. Roosevelt’s 1933 decree.
While analysts interviewed by MINING.com think such a move is very unlikely, historical precedence does exist.
MINING.com has created this infographic to give you some background on this not so uncommon practice.
![A history of gold confiscation [INFOGRAPHIC]](https://mining.com/wp-content/uploads/2013/03/history-of-gold-confiscation.jpg "A history of gold confiscation [INFOGRAPHIC]")
To embed this infographic on your site, simply copy the code below and paste it in your html.
<div><a href="https://mining.com/a-history-of-gold-confiscation-infographic-3281/" title="A History of Gold Confiscation"><img src="https://mining.com/wp-content/uploads/2013/03/history-of-gold-confiscation.jpg" alt="A History of Gold Confiscation"></a><p style="display:block;font-size:14px;line-height:30px;text-align:center;color:#777;">For more infographics check out <a href="https://mining.com">MINING.com</a>.</p></div>
Comments
Goldfinger McSilver
Has this ever happened in Canada?