Sunday, November 27, 2011

Orinoco 'oro' observations II...

Well it was announced back in August and has now begun...the gold has "come from European countries" but we know most of Venezuela's foreign gold reserves are/were in London. The repatriation "has historic value, it has symbolic value, and it has financial value" said the Venezuelan bank chief Nelson Merentes. Indeed...there may well be various other reasons for the move but with the state of the Eurozone who'd not think this was a good idea?

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