Venezuela has requested 99 tons of gold holdings from the Bank of England

Monday, August 22nd 2011 - 07:10 UTC

Full article 7 comments

Venezuela’s central bank has requested its 99 tons of gold holdings from the Bank of England, according to a bank statement sent by e-mail, citing the institution’s president Nelson Merentes. Read full article

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Idlehands
Sorry Hugo - we had a bit of a looting problem recently and your gold is gone.

You could try looking under a few beds in Tottenham but it seems to have simply vanished. Will an IOU do?
Aug 22nd, 2011 - 11:51 am - Link - Report abuse 0
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GeoffWard2
#1 lol

Having read the substantive article in the British financial press, it speculates that the health of Chavez, the resultant instability, the knock-on military crack-down, may result in the freezing of Venezuela's overseas assets.
Hence the need to gett all these assets back into Venezuela before it all kicks off.
Aug 22nd, 2011 - 02:50 pm - Link - Report abuse 0
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yankeeboy
It will be easier to steal if it's in the homeland. It is pretty hard to Hugo family and cronies to withdraw it if its in London after he is dead.
Aug 22nd, 2011 - 05:17 pm - Link - Report abuse 0
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briton
im sure the politicians can come up with something,
Interesting why he picked the UK.
As the first request. Instead of the USA ?
Aug 22nd, 2011 - 07:50 pm - Link - Report abuse 0
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lsolde
lt's their gold, give it to them.
Aug 22nd, 2011 - 09:46 pm - Link - Report abuse 0
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xbarilox
Chávez, they need your gold, don't be bad!!!
Aug 23rd, 2011 - 12:36 am - Link - Report abuse 0
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Fido Dido
If they don't have the gold, they have to buy it on the open market what is bad news for them (the banks). If they don't give it to them, it will work against them when the rest wake up.
Aug 23rd, 2011 - 01:02 am - Link - Report abuse 0
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