Chavez nationalizes gold

[peilthetraveler]

http://www.ft.com/intl/cms/s/0/99bc06d4-c900-11e0-aed8-00144feabdc0.html#axzz1VNmvTowK

The move follows opposition accusations that the Venezuelan government plans to transfer billions of dollars in foreign exchange reserves held in countries such as the US to banks in “friendly” countries such as China, Russia and Brazil in order to avoid its assets being frozen.

 

[Bob111]

Chavez also ordered the repatriation of $11 billion of official Gold Bullion reserves held in central bank and commercial vaults outside Venezuela, including a reported 99 tonnes held with the Bank of England.

http://goldnews.bullionvault.com/gold_bullion_081820114

the news reported like 10-12 hours ago

 

[mwingo1135]

Quote from peilthetraveler:

http://www.ft.com/intl/cms/s/0/99bc06d4-c900-11e0-aed8-00144feabdc0.html#axzz1VNmvTowK

The move follows opposition accusations that the Venezuelan government plans to transfer billions of dollars in foreign exchange reserves held in countries such as the US to banks in “friendly” countries such as China, Russia and Brazil in order to avoid its assets being frozen.

Thank you both for this post.