Chancery’s corporate mission is “to acquire, develop, and expand proven gold and mineral properties into world-class assets.” Their business is focused in Columbia, South America, specifically in the El Caafetal region.

The company’s premise is to use modern technologies to extract gold, silver and copper from mines that are currently only extracting gold by completely upgrading the mining equipment and processes. Furthermore, they feel other development in the area is promising for expansion based on recent sampling.

The Columbian government is friendly to foreign investment at this time. On the investor portion of its website, Chancery addresses the risk of investing in a foreign country. According to Chancery, Columbia is one of the most stable economies in Latin America, as well as the oldest and most stable Latin American democracy.

Let us hear your thoughts: Chancery Resources, Inc. Message Board

Since 1952, when I first left the U.S. at the age of 6, I have lived many years in Latin America and Asia. I have visited every continent except Antarctica. I have studied every major world language except Arabic. I have traveled on cargo planes, by truck, on foot and even by mule. And everywhere I went, I accumulated a vast photographic record of the hard-working people I met. But for many years, there was one thing I did NOT do in those countries: Invest my money. It's not that I didn't believe in their future. Rather, what stopped me was another, far more critical, consideration: I didn't trust their currencies. Throughout the developing world, basic infrastructure was spotty. Domestic banking was shaky. Federal deficits ...

What to watch: Thursday, May 29: U.S. Revised Q1 GDP; Friday, May 30: CPI for April (May for select metropolitan areas); April - Industrial Production; April - Household income and expenditure survey; April - New housing starts; April - Unemployment and Ratio of Job Offers to Applicants Ongoing: Commodities and forex volatility — more inflation reporting chicanery. Protectionist tendencies may be pressured by a report (and the realization) of $3.2 billion in cross-shareholding losses in FY2007, as well as greater urgency from within for acceptance of foreign investment. In the meantime, we can enjoy watching the latest round of TCI (The Children’s Investment Fund (UK)) vs. J-Power (JP: 9513). Markets: The Nikkei starts the week against a shortened U.S. trading week for the Memorial Day holiday. Making matters worse is last Friday’s bout of selling that did ...