Venezuela Cashes In Gold to Avert Dollar "Drought"

Discussion in 'Gold' started by House, Mar 13, 2015.

  1. House

    House Well-Known Member Silver Stacker

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  2. dccpa

    dccpa Active Member

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    Question is whether this is an additional loan vs. part of the amount listed in the late 2013 agreement with goldman sachs.
     
  3. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    President Madro is down on his knees and Venezuela and her precious oil (& gold) is now within grasp of the US (once a puppet regime is installed by the CIA).

    Why would the US allow this deal to go ahead and let the inevitable situation drag on any longer than it has to?
     
  4. dccpa

    dccpa Active Member

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    The US doesn't need or want Venezuela's heavy crude oil. Even if the US wanted the heavy crude oil, we don't have anywhere to store it. Besides, we have our hands full creating enemies in the Middle East. Venezuela was living on the Chinese credit card even before the drop in the price of oil. The Venezuelan government is likely to collapse before the end of the year. Then come debt negotiations. The Chinese are going to learn a hard lesson about loaning money to a Socialist South American government. And in the next few years, China will experience round two with their loans to Ecuador. Ecuador has already loaned out half their gold, borrowed a tremendous amount of money from the Chinese and Correa is trying to convince citizens to give their USDs to the government in exchange for a new Ecuadoran digital currency.
     
  5. House

    House Well-Known Member Silver Stacker

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    $1bn worth of gold sold;

    Reuters
     
  6. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Why would Citibank want gold? It's a barbarous relic.
     
  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Talk about having your cake & eating it too!
     

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