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Venezuela Gets First Shipment Of Physical Gold Today
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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Wow, penus envy.
Do you read much at ZH? I didn't think so.
oh so he got his stash. hmmm. interesting. anybody tap on those bars to see if they have a familiar ring to them? :)
Chavez "Folgelberg" - he understands The Power of Gold.
What Chavez understands is that he has stolen many assets without making any compensation to the owners. When international justice finally falls upon him he does not want there to be assets which can be used to pay the judgements. This movbement of the gold is simply that act of a criminal trying to escape from the consiquences of his crime.
So you're CIA, NSA, m16, or what? Give us a hint.
And US corporations do not "steal" assets in the developing world through bribery and the projection of military power? Pot, kettle, black.
What Chavez understands is that he has stolen many assets without making any compensation to the owners.
So he 'stole' from Exxon, BFD.
Dan Fogelberg & Tim Weisberg - Twin Sons of Different Mothers 1978 - The Power of Gold: http://www.youtube.com/watch?v=AgRoR4PFv0w
lol gold bars with eyeballs on them
http://gold-quote.net/en/articles/fake-tungsten-gold-bars.php
did he get real bars?
Umm, one wonders why it took so much time to arrange for this delivery. I'm sure that transfer request had to be authenticated. However (supposedly) the gold just sits there in a cage on a pallet with Ven's tent card sitting on top, yes? Possibly testing to find if the bars are good, then trying to find good bars to replace the tungsten ones? This has taken close to 3 months.
And...its just a partial shipment...
Sadly, the Venezuelan people will never see the Gold. Hugo "No Good" Chavez will take the gold to Cuba, etc.
When you are rich in oil and more than 3/4 of the population live in poverty...that tells you everything about Venezuela and their Govt :(
Really? It tells me about the global banking cartel and their control over the world's resources mostly.
Yes! - WTF with all the negatives on posts against Chavez? Why are so many people up his ass?, he is an jerk off dictator just killing off people more economically than with a gun. Sure smart to get his gold but I would rather see him get fucked over than Celente.
After Syria we will do the Jungle war thingy again.
After all Hollywood needs decent new scripts for action movies.
www.youtube.com/watch?v=KzEPKGT-ZYU
Why should anyone in any other country believe that they have a voice to denounce what the Syrian butcchers, the Assad family, does to the population of that simple country? Let Assad line them all up and shoot. It is all about population control anyway.
The gold Chavez will receive is all A1. Can you imagine what would happen if Chavez came out and reported the receipt of fake tungsten bars?
It would certainly provoke debate.
There is really only one sure way to test the difference and that is to get a sample bar refined. The considerable difference in melting point between gold and tungsten really is the difficult part to fake.
Melt me a bar Chav
Pop quiz time!
Q: Why was Libya invaded?
a. oil
b. the threat of the gold dinar as a new gold backed currency
c. all the above.
The correct answer would be "c".
It seems tha at least one of the Qudaffy tools got out in time to save their own life. Sleep with one eye open.
Libya was invaded because the Europeans were scared to death they were going to be overrun with refugees and B O jumped in to try and prove he had some balls which even Hillary Clinton says he lacks.
No kidding.. Is there a comic book out already explaining this? Boy, you are right on top of it.. fucking genius..
I think I hear Archimedes shouting "Eureka" from the grave...
With all that gold sitting there in those Venezuelan vaults, isn't Chavez worried we may accuse him of WMD?
Funny. $11B is the value of gold on the Fed's balance sheet. I guess the USA has as much real money as Venezuela.
Granted, the Fed values it at ~$40/oz. but still interesting.
At least the Germans aren't invading and bombing the hell out of every country that they want to influence, like the cabal in control of the US government is doing. So if there is a Fourth Reich, it is right here in America.
And if Paul Krugman knows anything about Medieval history, he'd know that Alexander Nevsky was a Russian, not a German:
http://krugman.blogs.nytimes.com/2011/11/25/video-bringing-fiscal-discipline-to-the-european-periphery/
And if this world-renowned economist knows anything about what the Russians are currently doing with their money, he'd know that they're using it to buy up gold rather than Euros.
Which means, at least to me it does, that Russia is seeking self preservation, and not making plans to dominate and control Europe. And as Tyler points out, Venezuela appears to making a similar move to do the same.
But hey, what do you expect from a country that's slowly but surely making its way down the yellow-BRIC road!
An article about Chavez brings out the stupidist, most ill-informed comments, gratituously nasty comments on ZH. Chazez is hated because he was one of the few really to diminish elite power and accomplish real land and other reforms, so the elite controlled media of the world will disparage him to and beyond the grave. This is not to say that he has not caved in at times, for example, giving up Colombian rebels, or done things like unfairly confiscate foreign properties. But, overall, he is a true revolutionary who has greatly helped the people of Venezuela and indirectly other peoples of Latin America.
His death will be a huge loss for the disenfranchised people of Latin America.
nationalizing oil rigs and companies,,,,, im all for him. loved it when bush trotted out and said " we recognize the new venezuelan govt" oooppps then chavez has the army to take over the parliment then chavez back in power.
So, when is someone going to write a poem about "stacking". It would be very catchy, if you could make it like Robert Frost's "Birches".
"So was I once myself a stacker of (pm);And so I dream of going back to be....
Smart move because who knows what crazy thing Washington will do if this Iran war starts . Would they go after the gold or accounts of any country that tries to oppose this? Safer in Venezuela.
Believe in a Gold Standard?
Join us:
http://www.facebook.com/profile.php?id=100003178496765&sk=wall
do you have any standards?
Its amazing how much cancer a man can have with a nice set of hair clippers.
My wife gives me cancer every Sunday,i like to look neat and tidy for Monday morning.
A very clever man indeed once told me "Never shit a shitter!" Hugo Chavez is a very shrewed man indeed,he knows how to keep his power without the aid of secret police,torture camps,phoney propaganda and a phantom menace unlike the present US government.
He also knows a thing or two about global finance and he never ever wrote a book about the first great depression.
Oil and Gold..........this years must have items..........................oh and some Russian S-300's
wierd I was just thinking this last night... and found an article from Oct 26th
http://af.reuters.com/article/metalsNews/idAFN1E79P1B120111026?pageNumber=2&virtualBrandChannel=0&sp=true
Considering how things are going, looks like he got it right. Just need to get rest of the gold... GOLLDD!!! MUWHAAHHAHAHA GLITTERING GOLDDDD
Unless he changes his policies Chavez will need the gold to buy food on the international market. If you study bills passed by Congress you will have noted that government agencies now have the legal authority to control food production all they way down to victory gardens. The rioting in Egypt started over food cost. The USDA will get Chavez's gold.
Oil you say. The US uses 25% of the world's oil supply. And how about that EURO? The Great Recession was slowed by bailouts and stimulus but not stopped. Free up 5% of the oil supply and watch the price drop.
The executive has had that power since 1932. It has been continually renewed by every president since FDR.
What about Libyan money stolen from them by by NATO countries?
This time, Chavez has done the right thing!
Venezuela has ~30 millions people. It is a large country with a very difficullt landscape to wage a war. It is not desert Libya with a leader prostituting itself avery other minute.
Picture of the gold arriving at the bank by truck from the airport. Security very tight...
http://www.eluniversal.com/economia/111125/llega-al-banco-central-primer-lote-de-oro-repatriado
Quote from Chavez:
Venezuela recuperar lo que "nunca debió salir del país", en palabras de Chávez.
Venezuela has recovered what never should leave the country.
Chavez has also deposited vast amounts of US cash in the more friendly confines of banks in China, Russia and Brazil.
Fool me once, shame on you. Fool me twice, shame on me.
There is nothing to talk about. It is Venezuela gold. It belongs to people of Venezuela.
Chavez is an elected pesident doing, as he thinks, what is good for his country. End of the story.
And The Morgue got 614,000 ounces of MF Global clients' silver today. Must have been jealous of Chavez.
something is telling me that Chavez received gold plated bricks and not real gold.
I don’t understand why you ask the question “Why Did The Fed Inject Banks With A Record Amount Of "Other" Cash In The Past Week?” if you already answered it with this post, "Venezuela Gets First Shipment Of Physical Gold Today."
what makes you think chavez got first shipment of gold today.
it perhaps was the last 10% .. chavez indicated the gold has now been returned
all of it .. we recieved the last just now.
pavlovian news reports and the gang takes it in hook line and ring . dog barks and eats the slop in the forground
chavez knew enough to bring it home...so he knows how to detect tungsten.. no mugs here
most every poster pissing up a rope
it is not tungston.. it is gold but delivered in sept ..
the posturing by the pavlovian bell ringers goes on and on.
just believe the headlines sheep .
see trucks moving .. with our a clue whats is in them .
source in the gold delivery business confirm sept delivery ,
smoke and mirrors is the name of disinformation
and a easy way to see posters spin and reguratate old news
wag the dog .. the old shoe trick
http://www.traddr.com/photo/ahxau-17 this chart shows after hours on gold being quite the case
The Trustee in the MF Global case has issued a notice stating that none of the property secured by Warehouse Receipts is being liqudated . that includes gold and silver . that means whatever is in the vaults should be off the market for a while. could this cause a temporary shortage in PMs? Not sure but since part of my allocation to PMs was being held in my MF Global account , I have started buying again to replace it. However this time I am taking actual delivery like I did for most of my other PMs. Glad prices are falling.
I suspect the venezuelan people's gold would be safer in London