If you don't hold it, you don't own it......

Don't think Trump is bothered about Venezuela. It costs money to get involved in other people's affairs. Why would you think Trump withdrew from Syria? Let others spend the billions. The trouble is even if the US doesn't bother, can Russia save Madura?
 
chartoftheday_16789_international_support_for_guaido_and_maduro_n.jpg


https://www.statista.com/chart/16789/international-support-for-guaido-and-maduro/
 
Politics was contrived to keep the average man in the street confused and stupefied so the lazy few can indulge themselves and live in opulence at their expense while making up stories of conflict and peril ...
 
Jim4silver said:
Looks like Russia just added 20 Tons of Au to their stack. I'm sure they will give it back to Venezuela some day. :D
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Do you mean give it back to China? You do know all the money in Venezuela is from China? :D

Without Chinese money, Venezuela would have collapsed long ago.
 
Jim4silver said:
No, RUSSIA. China may invest there too, but Russia has connections to Maduro, etc. as it appears from the articles.

ttps://www.washingtonpost.com/world/2019/01/24/russia-spent-billions-build-influence-venezuela-now-it-faces-bet-gone-bad/?noredirect=on&utm_term=.8ec92947fb05

https://themoscowtimes.com/news/rus...stment-deals-with-venezuela-maduro-says-63743
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China has invested in excess of $50billion in Venezuela. The question is where all has the money gone? I think both China and Russia have been taken for a ride. With most of the money gone and Venezuela's economy in ruins, what do you do next?
 
sgbuyer said:
China has invested in excess of $50billion in Venezuela. The question is where all has the money gone? I think both China and Russia have been taken for a ride. With most of the money gone and Venezuela's economy in ruins, what do you do next?
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I believe that. That is why Russia grabbed some of their gold. They are smart.

Where did the money go? The same place all dictators store their cash. Maybe he got pointers from some of the oligarchs in Russia?

Every socialist country has people at the top taking the wealth while the populace struggles. If not, then why be a dictator/leader? There would be no fun in that if you couldn't plunder a bit, right?

It's not much different than even in the US, but it is harder for the higher level politicians to steal so easily in the US. They have to hide it better. And they probably won't become billionaires like the socialist dictators/leaders/oligarchs, etc.
 
Timmy88 said:
So quick numbers we are leasing out 11 ton of gold for a return of 700K. Pretty poor investment by any standards which works out to be 0.1% returns. I doubt that is a net figure, by the time storage costs and the like are taken out there is no point leasing it.
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I provided more detail on Australia's gold holdings and lending here and here. The return is actually 0.15% and is in line with market lease rates. It is also a net figure as there are no storage costs - leased gold is handed over to the borrower.
 
The monarchy would likely have a very firm view on who owns the gold and who the Bank of England really answers to ...
 
Always follow the money ... Russia, China, Venezuela etc are countries and long as people foolishly talk in terms of countries the people involved stay anonymous and out of scrutiny .... in other words stop being absurd about it ... it is childish and ridiculous discussing countries doing anything ...
 
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