Friday, August 19, 2011

$12.3 Billion Of Physical Gold To Be Moved To Venezuela

"Hugo Chávez, Venezuela’s president, ordered the country’s gold reserves to be returned to Caracas...


...Venezuela’s central bank is the world’s 15th largest holder of gold, with 365.8 tonnes, of which some 211 tonnes, worth $12.3bn, are held overseas, according to a proposal for the transfer from the Venezuelan central bank and finance ministry...to continue reading CNBC.com story click here"



*All text from CNBC.com

*Pic: pearls-necklaces.com








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