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Venezuela Gets First Shipment Of Physical Gold Today

Tyler Durden's picture




 

Back in August, the news that Venezuela ruler Hugo Chavez had decided to repatriate his gold from London vaults made headlines and was one of the key catalysts sending gold to its all time highs north of $1900/oz. Since then the story died down with no updates. Until today: Bloomberg has reported that Venezuela will receive the first shipment of gold reserves being repatriated from U.S., Canadian and European banks today. "Chavez, speaking on state television, said that the bars will be escorted to vaults in Venezuela s central bank by the military after arriving by air to the South American country. The gold that was over there in England will soon be arriving,  said Chavez.  The opposition says that I'll put the gold in the presidential palace or give it away to Cuba or something. This gold is going back to where it should have never left -- to the Central Bank of Venezuela. Chavez, a former paratrooper and self-professed socialist, in August ordered the central bank to repatriate $11 billion of gold as a safeguard against volatility in financial markets." Will Chavez demonstrate phenomenal foresight having collected his gold just months ahead of Europe falling into the abyss of a toxic debt spiral or were his worries unfounded? It remains to be seen. However, he will probably sleep sounder knowing that his gold is no longer in the vaults of the LBMA, HSBC, or several hundred feet under the New York Fed. That is, of course, if the "presidential palace or Cuba or something" ends up having real 999 gold, and not just several blocks of Tungsten with a pretty plating on top.

 

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Fri, 11/25/2011 - 14:17 | 1913423 Long-John-Silver
Long-John-Silver's picture

Gold (and Silver) Bitchez!

Fri, 11/25/2011 - 14:29 | 1913474 The Big Ching-aso
The Big Ching-aso's picture

 

 

"Ok amigos!   Gold teeth for all my loyal supporters!"

Hugo 'Oro es Oro' Chavez, 11/25/11, Caracas

 

Fri, 11/25/2011 - 14:36 | 1913493 Elwood P Suggins
Elwood P Suggins's picture

Nah he wants to mint a bunch of commerative coins with his picture on them.  The "Hugorand" maybe?

Fri, 11/25/2011 - 14:48 | 1913531 end da fed
end da fed's picture

i hope Hugo knows how to test for iron pyrite

Fri, 11/25/2011 - 15:18 | 1913591 Manthong
Manthong's picture

Keep in mind that the promised delivery is from the same folks that are going to have the EU fixed any day now.

How many tons can you get on a C-47?

http://www.warbirdalley.com/c47.htm

Fri, 11/25/2011 - 15:27 | 1913621 Richard Chesler
Richard Chesler's picture

Shipment is a sham.

The real stuff was long ago delivered to a swiss account.

 

Fri, 11/25/2011 - 15:32 | 1913641 dwdollar
dwdollar's picture

I would be worried of any "crashing" planes or "sinking" ships making the deliveries.

Fri, 11/25/2011 - 15:37 | 1913654 Ahmeexnal
Ahmeexnal's picture

Vuvuzelan gold bolivar.

Fri, 11/25/2011 - 16:25 | 1913781 Michael
Michael's picture

How come Venezuelans get to see their gold but Americans are not allowed to see our gold in Fort Knox?

Fri, 11/25/2011 - 16:35 | 1913810 AldousHuxley
AldousHuxley's picture

This is a proof that...

 

Bush = elite

Obama = elite

Chavez = elite

 

99.9% of Americans = slaves

 

Slaves are not allowed to ask too many questions.

Sat, 11/26/2011 - 10:57 | 1915034 DaveyJones
DaveyJones's picture

cause I only have 4 quarts of oil in my garage

Fri, 11/25/2011 - 16:37 | 1913819 end da fed
end da fed's picture

'cause only us crazies think it's not there and most sheeple worship paper anyhow and wouldn't care if it weren't

Fri, 11/25/2011 - 17:26 | 1913928 Nobody special
Nobody special's picture

It's only the first shipment.  They have to wait for the other 99.9%.

Sat, 11/26/2011 - 00:02 | 1914564 dumpster
dumpster's picture

chavez gold

 

first shipment delivered in sept 2011.. perhaps this was the last of.. or a big disinformation hokum to cover for the gold coverups ,

the thing to watch is the fed maybe even the banks using printed fiat to sell big time paper gold load up big time on the real at low prices .. maybe this the the source of the large quantity of new fiat on fed books

while the diaper clad read their manipulated charts cry bear,, and up we will go . leaving the pointy head behind and all the top callers and their many 250 please reports.. sucking their thumbs .. as per  usual over 11 years now,,

Fri, 11/25/2011 - 21:33 | 1914265 Bansters-in-my-...
Bansters-in-my- feces's picture

You's Americans don't get to see your gold because it takes a little more team work in your case, as your gov. is coniving.

That Democrat and Republican thingy seems to keep the sheeple occupied enough to keep that traditional,barbaric relic gold, safely out of eveyones sight.

It would take a UNITED states of America,to see your gold.

Meanwhile ,kitco shows 1 month gold lease rates for Negative -0.3382%

So we all should just run on down and lease us up some of that negative 0.3382% gold,for one month.

And who needs to see their counrties gold when kitcos says you can lease all you need. 

Fri, 11/25/2011 - 15:22 | 1913612 The Big Ching-aso
The Big Ching-aso's picture

 

 

"Hey, Chief.  How many tungsten bars are going into Hugo's C-130?"

'Shit I don't know.   Whattya got?"

"Pretty much the whole load."

"Fuck it.    Let him have it all then."

 

 

Fri, 11/25/2011 - 20:34 | 1914174 Don Birnam
Don Birnam's picture

A Venezuelan merchantman laden with bullion...

...Where the Devil is Ragnar Danneskjold ?

Fri, 11/25/2011 - 15:34 | 1913644 nikku
nikku's picture

He should've used the service before accepting delivery to his carrier in London... assayintelligence.com

Fri, 11/25/2011 - 15:11 | 1913586 Pool Shark
Pool Shark's picture

 

 

Nope.

Hugo wants his physical close at hand so that when the civil unrest spreads to Venezuela, it can be quickly and easily loaded onto his personal plane just before he skips the country.

Hugo may not be the smartest dictator in the world, but he did learn his lesson from Gadhafi and Mubarak...

 

Fri, 11/25/2011 - 15:17 | 1913595 The Big Ching-aso
The Big Ching-aso's picture

 

 

Ya, not only now does he have gold-gold the SOB has Black Gold too.     He's no estupido dicktater that's fer sure.   Ok, maybe just a little estupido.   And fat.  I don't know about drunk tho'.

Fri, 11/25/2011 - 15:14 | 1913596 Hugh G Rection
Hugh G Rection's picture

He won't have time.  As soon as final shipment arrives, NATO "humanitarian assistance" will be needed in Venezuela...

Fri, 11/25/2011 - 15:24 | 1913616 el Gallinazo
el Gallinazo's picture

They will have to be careful not to get the depleted uranium mixed into the gold or tungsten.  Is there a NATO base in Miami?

Fri, 11/25/2011 - 15:27 | 1913619 dwdollar
dwdollar's picture

Wrong. The reason dictators keep their gold offshore is to prevent it from being taken by the people during a revolution. Bringing the gold back to Venezuela means Hugo is more afraid of the international bankers than his own people.

Fri, 11/25/2011 - 16:20 | 1913766 Augustus
Augustus's picture

That is certainly a good point.  The rewards for those who whack Hugo are right there for the taking and distribution to the grooup that does the job on him.  It won't require any international approval to distribute a whole lot of reward.

Fri, 11/25/2011 - 17:14 | 1913912 lawrence1
lawrence1's picture

Dictator, not......Chavez is a duly elected leader in elections that have been closely monitored by the international authorities.  And survived, honestly, a referendum.  All this knee-jerk criticism of Chavez is a sad commentary on how much people let themselves be brainwashed by the Western media.  I have yet to read a detractor of Chavez who has read one book about him.  If someone really want to understand the true situation in Latin America read James Petras.

Fri, 11/25/2011 - 19:11 | 1914079 Fred Hayek
Fred Hayek's picture

Stalin was duly elected too.

Fri, 11/25/2011 - 21:27 | 1914263 i-dog
i-dog's picture

So was Obomber. And Dubya.

Sat, 11/26/2011 - 02:13 | 1914728 delacroix
delacroix's picture

marion barry, got re-elected too.

Sat, 11/26/2011 - 11:07 | 1915039 DaveyJones
DaveyJones's picture

duly = diebold

Sat, 11/26/2011 - 02:29 | 1914751 Lord Koos
Lord Koos's picture

Hey, careful with that independent thought thingy...

Sat, 11/26/2011 - 11:46 | 1915098 Reptil
Reptil's picture

And.. he survived a CIA backed coup. That was a close call.
Watch this amusing film:
http://video.google.com/videoplay?docid=5832390545689805144

Sat, 11/26/2011 - 13:09 | 1915326 johny2
johny2's picture

CIA regularly broadcast revolutions they produce.

Thanks for the link.

Fri, 11/25/2011 - 17:14 | 1913913 lawrence1
lawrence1's picture

Dictator, not......Chavez is a duly elected leader in elections that have been closely monitored by the international authorities.  And survived, honestly, a referendum.  All this knee-jerk criticism of Chavez is a sad commentary on how much people let themselves be brainwashed by the Western media.  I have yet to read a detractor of Chavez who has read one book about him.  If someone really want to understand the true situation in Latin America read James Petras.

Sun, 11/27/2011 - 07:32 | 1917139 Papasmurf
Papasmurf's picture

That seems to be a reasonable concern.

Fri, 11/25/2011 - 15:37 | 1913653 Fake Jim Quinn
Fake Jim Quinn's picture

Not the reason. Chavez has stage four cancer and will be moving on in less than 24 months. The gold will be put into hands he cares about, like his cronies, so whatever he wants after he's dead is carried out. This is just a dead hand strategy

Fri, 11/25/2011 - 16:23 | 1913773 Augustus
Augustus's picture

I've never found that rulers who are dead have much influence on what the followers do.  Disentigrated empires are good examples of that.  It is not just empires that are disolved either.  How about Yugoslavia following Tito?

Fri, 11/25/2011 - 16:24 | 1913775 Augustus
Augustus's picture

*

Sat, 11/26/2011 - 03:44 | 1914788 El Oregonian
El Oregonian's picture

Who's to say he has stage 4 cancer? A razor or a bottle of nair can produce the same thing. I'm not privy to his medical records, are you? Hell, he can "Vanish" well before the inevitable global meltdown and ensuing chaos. He just purchased his golden ticket and will join the others in their D.U.M.B.'s in the very near future. This scenario is also a possibility. Prepare accordingly.

Fri, 11/25/2011 - 15:38 | 1913655 Freddie
Freddie's picture

Hugo is a slime but the bankers who were holding Venezuela's gold are equally corrupt.  All of them are just evil politicians.

Fri, 11/25/2011 - 15:48 | 1913680 ltsgt1
ltsgt1's picture

Hugo did learn his lesson from Gadafi. He wouldn't dare to ask for his oil payment in gold.

What does Mubarak's downfall has to do with gold?

Fri, 11/25/2011 - 18:18 | 1914022 AldousHuxley
AldousHuxley's picture

The scam goes like this:

  1. Put a puppet dictator in oil rich country while stealing natural resources with minimal taxes by starving the populace
  2. Encourage this dictator put all his gains in western assets like money,gold in US banks, properties and real estate, etc.
  3. When the dictator becomes uncontrollable, publicly declare his regime a terrorist regime and freeze his assets
  4. Send CIA to kill this guy
  5. You got all his money!
Fri, 11/25/2011 - 18:38 | 1914044 malalingua
malalingua's picture

In regards to your #4, also introduce a gold-backed currency that will unite other countries and bypass the central banks.

Sat, 11/26/2011 - 11:28 | 1915051 DaveyJones
DaveyJones's picture

3. Train your own populace to fear their foreign face and religion through false flags and subtle propaganda just in case you need more than the CIA to do the job 

Sat, 11/26/2011 - 16:24 | 1915773 Iwanttoknow
Iwanttoknow's picture

Straight from "Confessions of a financial hitman ".

Fri, 11/25/2011 - 17:54 | 1913983 e2thex
e2thex's picture

He wants to turn them into St Gaudens and fill them with chocolate.

If you were dying from colon cancer, would you worry about your gold holdings?

 

Psst...what happens?

Fri, 11/25/2011 - 14:46 | 1913520 fonestar
fonestar's picture

Further evidence of a world turned upside down, when the socialists have real "kapital" and the capitalists are busy regurgitating each others paper shit.

Sat, 11/26/2011 - 11:16 | 1915054 DaveyJones
DaveyJones's picture

and who the "bad guys" are

Sat, 11/26/2011 - 00:34 | 1914611 dumpster
dumpster's picture

first shipment in sept ..

chavez remarked now we have all the gold returned ,, this was the last of it maybe 10%

headlines are ment to decieve .. why on earth do many still take these reports with any grain of salt.

dark sources laugh at this news as they were part of recovery effort and the two enitys that were holding this gold .

why ..to confuse .. bldge 7 was toppled by a large winded lie ..

Sat, 11/26/2011 - 00:45 | 1914622 dumpster
dumpster's picture

chavez gold delivered sept 2011

all else is pavlovian double speak

chavez said now that we have our gold .. perhap the very last 10%

real gold bars delivered from two enitys .. deep sourced contacts laugh at the gullibility of the american pavlovian gruel eaters ring . no tungstun..

posters cool the jets

 

Fri, 11/25/2011 - 14:17 | 1913424 RacerX
RacerX's picture

They would have been much happier with crisp, freshly-printed greenbacks. Gold is so heavy.

Fri, 11/25/2011 - 15:02 | 1913560 The Big Ching-aso
The Big Ching-aso's picture

 

 

All that glitters is not gold

Except for what bankers stole

Like their scurvy ranks

Who hold gold in their tanks

Else but your wanks you'll hold

For eons untold

All that glitters is gold

 

Fri, 11/25/2011 - 16:07 | 1913725 JohnnyCrash
JohnnyCrash's picture

+1 for the line:

"Else but your wanks you'll hold."

 

 

 

 

Fri, 11/25/2011 - 14:19 | 1913427 HamyWanger
HamyWanger's picture

Chavez is a known lunatic and enemy of America. That he likes gold is not a surprise then. 

Fri, 11/25/2011 - 14:20 | 1913436 Long-John-Silver
Long-John-Silver's picture

He is a Barbarian so he wants Barbaric Money. 

Fri, 11/25/2011 - 15:31 | 1913634 margaris
margaris's picture

i dont get it why they openly discuss their gold shipments these days. what happened to secrecy?

Arent they inviting all sorts of pirates with such clumsy behaviour?

Or maybe those are misinformations anyway?

If I expected gold I wouldnt tell the whole world about it, lol...

something fishy going on...

Fri, 11/25/2011 - 15:36 | 1913651 High Plains Drifter
High Plains Drifter's picture

well actually he made the request several months ago.  i guess he got the gold recently. so nobody really knew the schedule ......

Fri, 11/25/2011 - 15:40 | 1913660 Freddie
Freddie's picture

....but it pays no dividend and you cannot eat it? 

Fri, 11/25/2011 - 16:13 | 1913749 trav7777
trav7777's picture

sure it does...the CBs have been lending it out for decades

Sat, 11/26/2011 - 02:54 | 1914768 BorisTheBlade
BorisTheBlade's picture

Every Nobel Prize winner who accepted gold medal is a barbarian lunatic who hates America. Oh wait.

Fri, 11/25/2011 - 14:24 | 1913456 MrBinkeyWhat
MrBinkeyWhat's picture

Chuckle! Clearly /sarc  Quit giving this "red".  Have another drink ZH'ers

Fri, 11/25/2011 - 15:18 | 1913603 Bansters-in-my-...
Bansters-in-my- feces's picture

ya.....

So what is your point...?

Tammy ,Hugo don't suck American Gov't Cock ,like you do ,FuckTard.

Hugo is NOT ,"Anti American"....

He is Anti American Goverment.

And Anti Theiving Central Bansters in the Federal Reseve System

.

Are you not...?

In my eyes,YOU are a co-terrorist.

Either you are with us ,or against us.

It seems you are Gov/Bank/terroist

Fuck You HammyWanger.

Fri, 11/25/2011 - 16:28 | 1913788 Let them eat iPads
Let them eat iPads's picture

Everyone in their right mind should be anti-American goverment.

Fucking scum.

Fri, 11/25/2011 - 15:57 | 1913701 cosmictrainwreck
cosmictrainwreck's picture

Hamy, yer timing remains impeccable and your pithiness unparalleled

Fri, 11/25/2011 - 14:18 | 1913432 Greater Fool
Greater Fool's picture

Unfortunately for him, gold doesn't cure cancer.

Fri, 11/25/2011 - 14:21 | 1913444 Long-John-Silver
Long-John-Silver's picture

But it does fell good to roll around in it.

Fri, 11/25/2011 - 14:38 | 1913500 earleflorida
earleflorida's picture

yep,... and when he dies in the next 6 months, his litany of communist generals 'ALL', are waiting in the wings to take the country to new dictatorship heights -  with Peru [produces more cocaine than Columbia] hanging on their coattail's for guidance     jmo 

Fri, 11/25/2011 - 14:54 | 1913550 fonestar
fonestar's picture

long cocaine/short straws

Fri, 11/25/2011 - 16:13 | 1913748 peekcrackers
peekcrackers's picture

plus 1 Fornstar

also

Long calamine lotion short pubic lice

Fri, 11/25/2011 - 14:53 | 1913548 fonestar
fonestar's picture

colloidal silver might

Fri, 11/25/2011 - 15:59 | 1913707 repete
Fri, 11/25/2011 - 16:14 | 1913753 peekcrackers
peekcrackers's picture

a little Irish number for Hugo

bring the gold

http://www.youtube.com/watch?v=_qO66Rmi1Mw

Fri, 11/25/2011 - 17:50 | 1913979 hampsterwheel
hampsterwheel's picture

I'll lay odd the CIA gave him the cancer - the KGB was good at poisoning with radiation - but they were still caught. I am sure the opium money from Afghanistan has allowed the CIA to perfect giving someone cancer - then they just sit back and wait - its the perfect murder weapon -

Fri, 11/25/2011 - 23:55 | 1914289 i-dog
i-dog's picture

Indeed. Cancer is the new arsenic for TPTB to painfully assassinate their "obstacles".

I happen to know for an incontrovertible fact that most (if not all) aggressive cancers of vital organs are caused by viruses (not radiation).

Sat, 11/26/2011 - 03:46 | 1914802 i-dog
i-dog's picture

LOL ... I'd sure like to hear from the two AMA spokesrobots who junked this one!!

Sat, 11/26/2011 - 09:30 | 1914943 Bill Bogus
Bill Bogus's picture

You might be onto something. http://en.wikipedia.org/wiki/Oncovirus

Thanks for the pointer.

Sat, 11/26/2011 - 10:48 | 1914986 i-dog
i-dog's picture

Not "might". I have an interest in a biotech company that has a patented natural anti-viral that kills them all, including bird and swine flu (tested and proven by the WHO ... but that the WHO, FDA, CDC and AMA won't let me talk about until we've paid the exorbitant entry fees into "the club").

Sat, 11/26/2011 - 11:22 | 1915060 DaveyJones
DaveyJones's picture

checked out Food Matters / Gerson and others?

Sun, 11/27/2011 - 03:49 | 1916596 i-dog
i-dog's picture

No. Are they related to this?

 

[Edit] OK. I've now googled Gerson and, yes, I've previously heard vague talk of what he is doing.

Certainly, based on what he claims to treat (cancer, diabetes, heart disease, arthritis and auto-immune disorders) - and the fact that he is claiming to include "natural supplements" - means that he could be partly on the right track (depending on what natural supplements he is using). However, the "organic, vegetarian diet, raw juices, coffee enemas, etc" part of his schtick is both marketing hype and counter-productive ... though I'm sure it would help anyone who is morbidly obese (whether they have any of the above diseases or not!) to do something about limiting their calorie intake. But they must eliminate gluten intake as part of their vegetarian diet.

Vegetarian diets are dangerous unless carefully supplemented (modern humans evolved from other primates specifically because our ancestors began, after taming fire, to eat cooked meats rather than nuts, fruits and leaves). A diet - vegetarian or otherwise - that contains gluten (wheat flour) is in fact the cause of most obesity and many health problems. The reasons for this are biochemically related to why our immune systems can't fight the cancer viruses.

Our product attacks the cancer viruses directly and requires no change in diet to bring about immediate results. Within a week, someone who has "terminal" cancer will already be feeling much better and within a month or so, depending on the organ affected, will be in complete remission (though not completely rid of the virus, because these viruses hide inside living cells and can only be killed when they exit the cell, on their way to enter another cell, after reproduction). Other viral and bacterial diseases, like herpes, AIDS, chicken pox/shingles, asthma, golden staph and stomache ulcers are similarly curable.

An example: I first discovered the product when approached for financing. Since I happened to have an aggressive skin cancer that was scheduled for a significantly disfiguring operation (not my first one, either), I, of course, immediately tried it on myself, with little expectation of anything remarkable happening. However, the cancer outbreak was reduced to near invisibility within a few weeks and gone in about 6 weeks! Now, three years later, I just apply some cream whenever it starts to reappear and it's gone again within 2-3 days. If I were to undertake an unbroken 120 day regimen of using the product - both externally (cream) and internally (liquid) - a number of times a day until every virus-containing cell at the base of the dermis had died naturally and thereby exposed the 'hidden' viruses to the product and the immune system (they work together), then I could probably be completely rid of the virus ... but I have trouble remembering, or finding time, to do anything even a few times a week, let alone on such an extended regimen. Internal viruses are similarly treated through drinking a liquid extract.

Sun, 11/27/2011 - 07:45 | 1917146 Papasmurf
Papasmurf's picture

That's what Steve Jobs thought too.

Sun, 11/27/2011 - 09:44 | 1917214 i-dog
i-dog's picture

??

Fri, 11/25/2011 - 14:21 | 1913433 GeneMarchbanks
GeneMarchbanks's picture

Next up Germany... then anyone and everyone whos bond market is blowin' up.

Fri, 11/25/2011 - 14:19 | 1913434 Cheesy Bastard
Cheesy Bastard's picture

I'm sure the socialists will fairly distribute all that gold among the masses.

Fri, 11/25/2011 - 15:23 | 1913613 CrockettAlmanac.com
CrockettAlmanac.com's picture

He couldn't be more fair than the western bankers who have shared sovereign gold a hundred times over with various counter-parties.

Sat, 11/26/2011 - 11:25 | 1915063 DaveyJones
DaveyJones's picture

and our food cards for forty million

Fri, 11/25/2011 - 14:20 | 1913440 Carlyle Groupie
Carlyle Groupie's picture

Hugo will sleep well tonight.

Fri, 11/25/2011 - 15:24 | 1913618 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 

Golden Slumbers

Carry That Weight

The End

Fri, 11/25/2011 - 14:20 | 1913441 Temporalist
Temporalist's picture

Waiting for an assay...

Fri, 11/25/2011 - 14:21 | 1913445 BidnessMan
BidnessMan's picture

Chavez has ruined the Venezuela economy, but bringing the country's Gold back was a smart move.  Lots of countries will soon wish they had done that.

Fri, 11/25/2011 - 14:24 | 1913457 Carlyle Groupie
Carlyle Groupie's picture

Confessions of an Economic hitman.

Fri, 11/25/2011 - 14:21 | 1913446 malalingua
malalingua's picture

I would test it to make sure it's not tungsten bars, especially if it's coming from the U.S and Europe. 

Fri, 11/25/2011 - 14:24 | 1913459 Quintus
Quintus's picture

I would be rather surprised if a thorough testing process was not part of the 'Complex Logistics' that delayed the gold shipment for so long.

Fri, 11/25/2011 - 15:11 | 1913587 seek
seek's picture

I have to wonder about that, too. I would also imagine there would be outbound testing as well -- imagine the political/market impact of Hugo showing off even a single bar of gold-plated tungsten. Presumably if there is any fake gold on the books, the banks are screening it out before sending as well.

 

Sat, 11/26/2011 - 00:08 | 1914571 dumpster
dumpster's picture

teh shipment was not delayed it was handled in sept ..

this report now is the smoke and mirrors .

Fri, 11/25/2011 - 14:26 | 1913465 TheAkashicRecord
TheAkashicRecord's picture

I was going to post the same thing, it certainly would behoove them to perform such a test ...

Fri, 11/25/2011 - 15:28 | 1913628 el Gallinazo
el Gallinazo's picture

They probably keep the tungsten in Fort Knox where it can't be audited or assayed.  The People's Tungsten.

Fri, 11/25/2011 - 15:45 | 1913673 Freddie
Freddie's picture

It is what you would expect from a country that voted for an African Muslim leader.

Fri, 11/25/2011 - 15:47 | 1913677 CrockettAlmanac.com
CrockettAlmanac.com's picture

Grow up.

Fri, 11/25/2011 - 14:49 | 1913533 Absalon
Absalon's picture

If I were one of the banks sending the gold I would have insisted that Venezuala test the bars and sign off on their composition before delivering the gold.

Fri, 11/25/2011 - 14:25 | 1913462 MrBinkeyWhat
MrBinkeyWhat's picture

Gold = physical in hand

DUH...even for fukkwads like Hugo.

Fri, 11/25/2011 - 21:46 | 1914318 Bansters-in-my-...
Bansters-in-my- feces's picture

In your avatar.I'm the guy on the left,your the guy on the right.

Fri, 11/25/2011 - 23:19 | 1914504 saulysw
saulysw's picture

You are = "you're", not "your". It's a pet peeve of mine.

See further...this. Ugh.

Fri, 11/25/2011 - 14:27 | 1913470 b_thunder
b_thunder's picture

"Venezuela will receive the first shipment of gold reserves..."  and Runs Out of Toilet paper. 

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/25/bloomberg_ar... 

"Will Chavez demonstrate phenomenal foresight having collected his gold..." - yes, just like every other economy related action that he's undertaken. 

"The opposition says that I'll put the gold in the presidential palace or give it away to Cuba or something..." - Correct!  He's making sure that once he's dead, his and his brother's families have means of existance outside of Venezuela.  He sees what's happened to Gaddhafi's kids...


Fri, 11/25/2011 - 14:31 | 1913471 Pseudo Anonym
Pseudo Anonym's picture

that's the bullion the hofjuden stole from the Lybian CB.  Each time somebody wants physical gold in size, a country will have to be invaded, pardon, introduced to democracy and freedom, and its gold stolen, er, liberated.

Fri, 11/25/2011 - 14:30 | 1913477 PaperBear
PaperBear's picture

They had better get it tested pretty damn quick.

Fri, 11/25/2011 - 14:30 | 1913478 Bastiat009
Bastiat009's picture

Gold is not better than the euro according to the Roubinis of the world and the NYMEX is proving him right ... US bankers believe that gold and the euro will disappear together.

Fri, 11/25/2011 - 14:41 | 1913508 Gief Gold Plox
Gief Gold Plox's picture

Good for them. I volunteer for helping to make gold disappear.

Fri, 11/25/2011 - 14:32 | 1913484 Joebloinvestor
Joebloinvestor's picture

Hey Hugo!

Make sure you saw a few bars in half!

Fri, 11/25/2011 - 15:27 | 1913622 CrockettAlmanac.com
CrockettAlmanac.com's picture

Q. Do you know if that gold is real?

A. No, can you hum a few bars?

Fri, 11/25/2011 - 14:33 | 1913489 PaperBear
PaperBear's picture

How much was in this first shipment ?

Fri, 11/25/2011 - 14:41 | 1913507 RobotTrader
RobotTrader's picture

Leveraged investors are dumping gold faster than Chavez is buying.

Silver also getting dumped en masse faster than Sprott can buy for his fund.

Massive liquidation of everything, except for Uncle Gorilla paper and Muni-Bonds.

Fri, 11/25/2011 - 14:46 | 1913518 The Big Ching-aso
The Big Ching-aso's picture

 

 

Denninger?   Denninger?   Is that you?

Fri, 11/25/2011 - 15:07 | 1913580 oddjob
oddjob's picture

Sourcing out 50 million ozs. of physical is going to be a bitch. Heading north.

Fri, 11/25/2011 - 15:21 | 1913611 cranky-old-geezer
cranky-old-geezer's picture

 

 

Just more BTFD opportunities.

Paper will collapase sooner or later.  Of course we won't hear from you when it happens.

Fri, 11/25/2011 - 15:31 | 1913636 GrinandBearit
GrinandBearit's picture

You don't trade, you don't own any gold or silver and your posts are all junk.

Idiot deluxe.

Fri, 11/25/2011 - 16:18 | 1913764 peekcrackers
peekcrackers's picture

 super size dunce cap  on his Idiot deluxe.

Fri, 11/25/2011 - 15:31 | 1913637 Spigot
Spigot's picture

Robo, the prices you are watching are for paper transactions, which outnumber physicial transactions 100 to 1. IMO at some point the paper markets will burn and what will matter is if you posess physical gold. I am noticing that Kyle Bass agrees with me, though you may not agree with him or me on this.

Fri, 11/25/2011 - 15:45 | 1913674 High Plains Drifter
High Plains Drifter's picture

trying to piss off the bugs huh robo?  well it won't work pal.......

Fri, 11/25/2011 - 21:53 | 1914339 Bansters-in-my-...
Bansters-in-my- feces's picture

So....

WHO FUCKING CARES ABOUT LEVERAGED GOLD INVESTORS.

They are part of the problem.

Either buy the stuff,or fuck off.

Fri, 11/25/2011 - 23:16 | 1914496 QuantumCat
QuantumCat's picture

Spot on, RT. Leveraged traders in PMs create the volatility in real money. They are the problem... Consuming the Fed's poison (credit) in search of the cure.

Sat, 11/26/2011 - 00:40 | 1914618 dumpster
dumpster's picture

rober trader .

does the title numb nuts make you laugh and roll over in your bed of dog poo.

are you related to nadler on the kitco site . or maybe a Mr  Christian gold bear double.  or even a ten year old playing in the bowels of the back yard play pen . 

Fri, 11/25/2011 - 14:44 | 1913511 Odin
Odin's picture

Watch, the shipment will disappear mysteriously on route...

Fri, 11/25/2011 - 14:48 | 1913528 The Big Ching-aso
The Big Ching-aso's picture

 

 

And will land somehow in Zurich after a slight detour.

Fri, 11/25/2011 - 14:47 | 1913521 RobotTrader
RobotTrader's picture

Silver just crashed under $31

Wow, when will the senseless selling stop?

Fri, 11/25/2011 - 15:32 | 1913639 Spigot
Spigot's picture

paper markets, my silver cares not

Fri, 11/25/2011 - 16:16 | 1913759 trav7777
trav7777's picture

your stack would be almost twice as large had you waited instead of chasing the breathless calls for "$60 next week" in the midst of a blowoff

Fri, 11/25/2011 - 20:29 | 1914160 oddjob
oddjob's picture

Some people actually have jobs and get a constant supply of paper each week. The thought of people actually not buying crap with their paper but buying a nominal amount of Silver every 2 weeks obviously scares the fucking shit out of you...why so?

Fri, 11/25/2011 - 14:47 | 1913523 ThisIsBob
ThisIsBob's picture

Does this mean that whoever shoots him and takes over gets their hands on the gold?  Should be a long line.

Fri, 11/25/2011 - 14:47 | 1913524 Bansters-in-my-...
Bansters-in-my- feces's picture

Hugo "rules"...

He's got da gold....

Fri, 11/25/2011 - 14:48 | 1913527 Joaquin Juarez
Joaquin Juarez's picture

Picture of new home for the people's gold, Banco Central de Venezuela.

 

Fri, 11/25/2011 - 14:50 | 1913536 user2011
user2011's picture

Gold ?    you mean tungsten, right ?!

Fri, 11/25/2011 - 14:52 | 1913542 hivekiller
hivekiller's picture

I see it's time to invade Venezuela as just one more 'terrorist' nation. Oil and GOLD - oh my.

Fri, 11/25/2011 - 14:55 | 1913553 FutureShock
FutureShock's picture

I hope he gets tungsten not much he can do about it. All the hardworking people who had their life's work nationalized I hope get security jobs there and get a legit bar down their pants.

Fri, 11/25/2011 - 14:57 | 1913557 johny2
johny2's picture

I would not be surprised if in near future there is a spontaneous rebbelion near Banco Central de Venezuela, helped by democratic bombs droped by NATO. Other than that, a smart move. 

Fri, 11/25/2011 - 15:07 | 1913574 Dr. Engali
Dr. Engali's picture

But of course. We will have to "liberate the people". From the heavy burden of their gold and oil.

Fri, 11/25/2011 - 15:11 | 1913585 johny2
johny2's picture

Yeah, this democracy only works if everybody has a credit card and a mortgage. Gold is for barbarians.

Fri, 11/25/2011 - 14:59 | 1913559 wstrub
wstrub's picture

Well, If they can close the Lybian bank accounts, they can close Venezuela's as well.................

Fri, 11/25/2011 - 16:20 | 1913568 QuantumCat
QuantumCat's picture

I bet he starts selling it hand over fist at the next cyclical bottom... exchanging it for FRNs after a few years of deflation, and just prior to a hyperinflationary move.  Governments have an uncanny ability to buy at the top and sell at the bottom.  They're the GOVERNMENT... part of the herd!  Governments have been selling gold all the way up since 1998, and folks think their current buying is a good sign.  It is... a contrarian one. 

Fri, 11/25/2011 - 15:09 | 1913569 Bansters-in-my-...
Bansters-in-my- feces's picture

The Central Bakster Cartel talked (READ SWINDLED) Canada's central bank into selling ALL the countries(citizens) gold inventory.

The only Canadian goverment department that has gold is the finance minister(jimbo flarhty) and it is used in what they call the (EFA) Exchange Fund Account,recently renamed to the International Foriegn Exchange,or something like that.

They most likely use it in the same manner as the USA'S secret slush fund the treasury and the Fed get to play witH(PPT),I think theres is called the Stabilization Fund Account

Accountable to no one.

Canadians were robbed of their gold by the Banksters,....

Fuck YOU'S BANKSTERS.

Fri, 11/25/2011 - 15:03 | 1913571 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Germany still happy to keep most of its gold in FRB's in New York,can't see a problem there...........

Fri, 11/25/2011 - 15:05 | 1913576 AgShaman
AgShaman's picture

"Give us da money Lebowski....or we **** you up!" 

Fri, 11/25/2011 - 15:16 | 1913600 digalert
digalert's picture

Time will tell that our comrade dictator Hugo has made a wise move.

Fri, 11/25/2011 - 15:27 | 1913624 YearZero Institute
YearZero Institute's picture

Yes Chavez has been generally economically incompetant considering what he could do with 2mn b/d of oil. Sad to say. But nevertheless he hasn't behaved like US client states. There is no evidence he has looted the country, (unlike Ben-Ali, Mubarak, the Saudi royal family etc etc) neither has he slaughtered/tortured his opponents like US allies are doing in Bahrain, Yemen and so on. Mind you the US tortures, murders kids (50pc of drone attacks kill cvilians in Pakistan), imprisons without trial so what woulod you expect?

I mean US client states havea track record dont they. Surhato killed between 2mn and 5mn people, did anyone in the US give a shit? Pinochet killed tens of thousands, did anyone in the US give a shit? The US has supported military juntas all over the world since the end of WW2, still today it backs the thugs in Saudi Arabia, re arms the Egyptian miliatry gangsters to kill its own civllians. You don't hear many people in the US complaining about that, or even the last Venezuelan miliatry dictatorship in 1989 which murdered around 3,500 people.

You lot on ZH wank on about how smart you are but you are a load of rank followers of US polticians, US interests and US power. The best thing you can come up with is another US politician. You're so lacking in ideas - like the US in general - you play the start struck children to Ron Paul's pied piper.

You are a bunch of halfwits. 

Fri, 11/25/2011 - 15:30 | 1913632 High Plains Drifter
High Plains Drifter's picture

i beg your pardon?

Fri, 11/25/2011 - 16:28 | 1913784 Absalon
Absalon's picture

What part of the post did you not understand?  It is a perfectly sensible and supportable point of view more grounded in reality than most of the stuff coming out of American politicians mouths - even if you think Chavez is a lunatic ass hole.

Fri, 11/25/2011 - 20:09 | 1914119 Max Hunter
Max Hunter's picture

Not that I disagree.. because I do not.. but what country are these US bashers from?  Because i'm guessing they have some thugs in charge as well.. you know,,, without the military mite though..

Sat, 11/26/2011 - 09:55 | 1914970 prole
prole's picture

"You lot" and "wank on" talk is the Queen's English, so Zero zindtitute is probably from those parts or trying to sound like it.  Herr Winston's rant seems written for CNN/fox news sheople rather than ZHers, in this wankers humble opinion.

Fri, 11/25/2011 - 16:32 | 1913801 Augustus
Augustus's picture

A post which illustrates your complete failure to understand.  Your diet of Hopium is having debilitating effects. 

Why should anyone care about stopping those preparing the next tanker truck bomb. 

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