“...Venezuelans protect their earnings by buying cars, among other big-ticket items.”
Should have bought guns and ammo. Advice I still give to people today.
They mostly can’t
Firearm Regulation - Guiding Policy
The regulation of guns in Venezuela is categorised as restrictive15
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Right to Possess Firearms
In Venezuela, the right to private gun ownership is not guaranteed by law16
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Restricted Firearms and Ammunition
In Venezuela, civilians are not allowed to possess machine guns, sub-machine guns, carbines, pistols and revolvers, be they automatic or semi-automatic. Civilians are only authorized to hold .22 rifles and shotguns17
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Regulation of Automatic Weapons
In Venezuela, private possession of fully automatic weapons is prohibited17
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Regulation of Semiautomatic Assault Weapons
In Venezuela, private possession of semi-automatic assault weapons is prohibited17
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Regulation of Handguns
In Venezuela, private possession of handguns (pistols and revolvers) is prohibited17
Gun Ownership and Possession
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Genuine Reason Required for Firearm Possession
Applicants for a gun owner’s licence in Venezuela are required to prove genuine reason to possess a firearm, for example, self-defence, hunting and sport18 19
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Minimum Age for Firearm Possession
The minimum age for gun ownership in Venezuela is 18 years18
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Gun Licence Background Checks
An applicant for a firearm licence in Venezuela must pass a background check which considers mental and criminal18 records
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Gun Owner Licensing Period
In Venezuela gun owners must re-apply and re-qualify for their firearm licence every three years20
Firearm Registration
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Civilian Gun Registration
In Venezuela, the law requires21 17 that a record of the acquisition, possession and transfer of each privately held firearm be retained in an official register
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State-Owned Firearm Records
In Venezuela, State agencies are required22 to maintain records of the storage and movement of all firearms and ammunition under their control
Storage and Transport of Guns and Ammunition
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Firearm and Ammunition Storage Regulations - Private
Firearm regulations in Venezuela include20 written specifications for the lawful safe storage of private firearms and ammunition by licensed gun owners
Marking and Tracing Guns and Ammunition
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Firearm Marking
In Venezuela, a unique identifying mark on each firearm is required by law22
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Firearm Tracing
In Venezuela, state authorities carry out23 recognised arms tracing and tracking procedures
Carrying Guns
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Carrying Guns Openly in Public
In Venezuela, carrying a firearm in plain view in a public place is allowed, subject to a valid permit20
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Carrying Hidden Handguns in Public
In Venezuela, carrying a concealed firearm in a public place is prohibited20
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Penalty for Illicit Firearm Possession
In Venezuela, the maximum penalty for unlawful possession of a firearm24 is 8 years prison20
Collection, Amnesty and Destruction Programmes
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Small Arms Destroyed
In Venezuela, the total number of firearms destroyed following recent amnesty, collection and seizure programmes is reported to be 200,000 (2003-11)25
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Destruction and Disposal Policy
In Venezuela, it is not state policy26 to destroy surplus, collected and seized firearms rather than return them to the secondary arms market
http://www.gunpolicy.org/firearms/region/venezuela