I thought Venezuela was trying get their gold back from the Bank of England!!! What is going on with Venezuelan gold?
We have reported, and defended Venezuela, on the efforts being made to have their gold released from the Bank of England. This story has been running freely for the past couple of weeks as it points to a serious problem with the Bank of England and possibly exposes a much larger problem with physical gold within the confines of the large bullion banks.
The situation took a turn on January 29, when a UK official “urged” the Bank of England to release Venezuela’s gold to the unelected puppet President (the one Bolton likes), Guaido.
A UK foreign office minister has suggested that the Bank of England grant access to £1.2bn in Venezuelan gold reserves to the self-proclaimed interim leader Juan Guaidó rather than Nicolás Maduro. Source
Now we learn Venezuela is either preparing to ship out, or has shipped out 20 tons of physical gold to an unknown destination!
Venezuelan lawmaker Jose Guerra dropped a bombshell on Twitter Tuesday: The Russian Boeing 777 that had landed in Caracas the day before was there to spirit away 20 tons of gold from the vaults of the country’s central bank. The claim set off a welter of social media speculation and outrage. When asked how he knew this, Guerra provided no evidence. Just another outlandish comment from a lawmaker trying to draw attention to the plight of crisis-torn Venezuela? Perhaps not. For one thing, Guerra is a former central bank economist who remains in touch with old colleagues there. For another, a person with direct knowledge of the matter told Bloomberg News Tuesday that 20 tons of gold have been set aside in the central bank for loading. Worth some $840 million, the gold represents about 20 percent of its holdings of the metal in Venezuela, the person said. He provided no further information on plans for those bars. Source
Venezuelan lawmaker Jose Guerra dropped a bombshell on Twitter Tuesday: The Russian Boeing 777 that had landed in Caracas the day before was there to spirit away 20 tons of gold from the vaults of the country’s central bank.
The claim set off a welter of social media speculation and outrage. When asked how he knew this, Guerra provided no evidence.
Just another outlandish comment from a lawmaker trying to draw attention to the plight of crisis-torn Venezuela? Perhaps not. For one thing, Guerra is a former central bank economist who remains in touch with old colleagues there. For another, a person with direct knowledge of the matter told Bloomberg News Tuesday that 20 tons of gold have been set aside in the central bank for loading. Worth some $840 million, the gold represents about 20 percent of its holdings of the metal in Venezuela, the person said. He provided no further information on plans for those bars. Source
Two situations on the same day involving Venezuela’s gold with both situations moving, literally, in opposite directions. Of course those dastardly Russians are involved and I feel confident “russia did it”, whatever “it” is. Maybe the Russians stole the gold or accepted the gold as payment for the “security contractors” that landed in Venezuela a few days ago.
If this is not enough to make you think twice about having your physical gold within arms reach I’m not sure what will push you over the edge. This situation is crazy and getting crazier by the day.
