Posted on 12/08/2018 12:34:55 PM PST by Libloather
He’ll need an assistant. I nominate Alexandria Occasional-Cortex.
She can explain how to fix the economy. She went to school and learned it she did.
here’s the link to the original article stolen by this website:
They stored it in NYC.
“Surprises me that Venezuela hasn’t already spent it or had it frozen as collateral for international loans.”
their $500 million in gold is a drop in the bucket relative to the tens of billions that they already owe ...
I always wonder how a nation that has a monopoly on its energy supply can go broke. It would be like the state of Michigan running out of water.
Its called rehypothecation.
It doesn’t exist.
Bank of England to Venezuela:
“MOLON LABE , twitches, er snitches, er hitches, er...”
And she really is that stupid.
I don’t know why Venezuela didn’t order from Goldline via Glenn Beck.
I was reading about them selling gold to Turkey and wrongly assumed they had sold the gold they were wanting back. Sounds like the Bank of London is going to play hard to get.
You know that as soon as Maduro gets his hands on some or all of that $550 million in gold, it will be gone in no time.
I wouldn't be surprised if he sees his own end game rearing it's ugly head up very soon and he needs some cash to run with.
He'd be welcomed in exile in Cuba with open arms if he brought a little gold along to sweeten the deal.
IMHO, the U.K. moslems have long since sold a most of the Venezuelans gold...
IIRC, it was collateral for a loan. I don’t know if the loan was paid off or not. Not the first country that has had to wait for it’s gold.
Many Countries have been buying gold for their central banks. The older gold stores were not refined to current day standards, and has to be refined sufficiently to meet today’s standards.
Various countries are also moving their gold stores from NY. I guess they are anticipating that the Int’l Monetary System is going to need to be overhauled again.
Isn’t socialism great!!!!!
I’m just spit-balling.
The Bank of England is not a commercial bank so they don't make loans to speculators or other private corporations or individuals. The gold doesn't belong to them so they can't use it as an asset of any kind or lend it to anyone. It just sits there in the gold vault.
They should just write a check.
There is a much better chance of that than most people realize.
There is a much better chance of that than most people realize.
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That occurred to be immediately.
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