Venezuela already brought home the Gold and then devalued.
Venezuela holds 365 tons of gold abroad, in the form of around 17,000 standard 400-ounce bars, worth some $20 billion.
CARACAS, Venezuela Venezuelas Hugo Chavez is going for his gold.
The first shipment of more than 200 tons of Venezuelan gold reserves returned to Caracas last Friday, with Chavez supporters dancing in the streets as tanks rolled in with armed soldiers riding on top of pallets of ingots.
Chavez had said that he planned to recall all of the countrys gold reserves kept in the United States, Europe, Canada and Switzerland to Venezuela.
On top of this, the countrys domestic gold trade a hodgepodge industry that Chavez has said is in the hands of mafia and smugglers is to be nationalized.
The moves shore up Chavezs plan to end the dictatorship of the US dollar, as he calls it, and feed his ongoing war of words and ideology with Washington as elections loom in less than a year.
The Yankees are broke, Chavez said from the balcony of his Miraflores presidential palace as he celebrated his birthday in August. They have no money to pay their debt ... Shall we give Obama a loan? the president asked the gathered crowd.
What they have in gold reserves is irrelevant.
This “nuke” is nothing more than a fart and no doubt is pushed by the folks peddling gold..
“Venezuela holds 365 tons of gold abroad, in the form of around 17,000 standard 400-ounce bars”
Should check a few to see if they are truly gold and not tungsten