$840M in gold bars prepared for loading onto Russian jet at Venezuelan airport

ShadyDaveShadyDave Posts: 1,543 ✭✭✭✭✭
edited January 30, 2019 6:56AM in Precious Metals

https://www.foxnews.com/world/russian-plane-in-venezuela-takes-20-tons-of-gold-flies-to-unknown-location-lawmaker-claims

I wonder how this is going to turn out for Nicolás Maduro if this claim is true. I bet Putin is happy to take possession of this gold for his buddy >:) Think this transaction will go the same way as Saddam Hussein and the missing Iraqi gold?

This action seems to elude to the fact that Maudro might be feeling nervous and might want to make a quick escape in case the military turns against him...

Comments

  • cohodkcohodk Posts: 15,611 ✭✭✭✭✭

    Im glad they talk about a conspiracy in that story.


    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
  • derrybderryb Posts: 27,042 ✭✭✭✭✭

    no such thing as a conspiracy. We all know that two or more people never work together to violate the law.

    All debt-based consumption steals from the future to gratify the present. It is tomorrow’s consumption pulled forward. It signs a perpetual check against an overdrawn future.

  • HemisphericalHemispherical Posts: 6,974 ✭✭✭✭✭
    edited January 30, 2019 8:55AM

    Just checking...

    $840,000,000

    Spot ~$1,311/toz

    $840,000,000 / $1,311/toz = 640,732.265toz = ~19.93 metric tons

  • derrybderryb Posts: 27,042 ✭✭✭✭✭

    Venz. owes Russia billions. Might just be a partial payment to keep Russian support.

    All debt-based consumption steals from the future to gratify the present. It is tomorrow’s consumption pulled forward. It signs a perpetual check against an overdrawn future.

  • StaircoinsStaircoins Posts: 2,525 ✭✭✭

    "... a source told Bloomberg News that it represented about 20 percent of the country's holding of the metal"

    So we should expect 4 more flights to follow closely behind.

  • PerryHallPerryHall Posts: 36,771 ✭✭✭✭✭

    @Staircoins said:
    "... a source told Bloomberg News that it represented about 20 percent of the country's holding of the metal"

    So we should expect 4 more flights to follow closely behind.

    I imagine Maduro and his family will also be on the last flight. :D

  • jmski52jmski52 Posts: 19,642 ✭✭✭✭✭
    edited January 30, 2019 11:54AM

    So we should expect 4 more flights to follow closely behind.

    I imagine Maduro and his family will also be on the last flight.

    Looks like a negotiation in process. Maduro has to hold gold back as long as possible in order to keep some leverage in any negotiation. Putin wants influence or control over the oil reserves, plain as day.

    If Maduro sends all of the gold to Putin and then flees, Putin has no incentive to protect Maduro whatsoever. Maduro has to buy his security, no matter where he turns - and as soon as the gold is gone and Maduro has nothing left with which to pay his security people and/or Putin, nobody will care where Maduro runs to, least of all Putin. It's ultimately about the oil.

    Since socialism has already destroyed the whole place, there's nothing left in the country to want control of, or to fight anyone over.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Timbuk3Timbuk3 Posts: 10,590 ✭✭✭✭✭

    Well, you can kiss that goodbye !!! :'(

    Timbuk3
  • coinpalicecoinpalice Posts: 1,607 ✭✭✭✭✭

    Venezuela is finally paying back part of what they owe Russia

  • cohodkcohodk Posts: 15,611 ✭✭✭✭✭

    Since socialism has already destroyed the whole place

    Is socialism the same as dictatorship?


    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
  • carew4mecarew4me Posts: 3,209 ✭✭✭

    Loves me some shiny!
  • ChrisRxChrisRx Posts: 5,583 ✭✭✭✭

    Those countries share similarities. They both have the vast majority of the wealth transferred to the "leaders" while the citizens suffer in poverty. The elections are rigged as well, heck, Russia even meddles in our election.

    image
  • jmski52jmski52 Posts: 19,642 ✭✭✭✭✭

    The elections are rigged as well, heck, Russia even meddles in our election.

    Don't think for a moment that we don't meddle in the internal affairs of many countries, or that we are the only country that attempts to do such things. They all do it.

    As much as Russia might wish to influence our elections, the reality is that voter fraud has had more impact on our elections than the Russians would ever hope to have.

    The whole DC establishment and media crowd mocked Romney in the 2012 Republican primary debates when he cited Russia as our greatest threat, and still - nobody bats an eye about the Uranium One scandal that Hillary Clinton presided over as Secretary of State, or Bill Clinton's tit-for-tat speaking fees in Moscow during that same time frame.

    Suddenly, when Trump was elected, the Russians became the big problem. Very odd, don't you think? There's a lot more than still-undocumented Russian election influence going on in this particular debate. There must be at least 10 or 12 different powerful groups wrestling for control of the US government, and not even half of them are domestic.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisineMsMorrisine Posts: 23,044 ✭✭✭✭✭

    @derryb said:
    Venz. owes Russia billions. Might just be a partial payment to keep Russian support.

    no LOL on this one.

    Venezuela does owe Russia billions. It maybe a payment. They have been using oil as payments. (they are behind in payments, too.)

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 1,694 ✭✭✭✭✭

    fake news

  • derrybderryb Posts: 27,042 ✭✭✭✭✭

    All debt-based consumption steals from the future to gratify the present. It is tomorrow’s consumption pulled forward. It signs a perpetual check against an overdrawn future.

  • MsMorrisineMsMorrisine Posts: 23,044 ✭✭✭✭✭

    LOL this
    Rubio wants Venezuela to be labeled a sponsor of terrorism

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 27,042 ✭✭✭✭✭

    UAE's Noor Capital says it bought 3 tonnes of gold from Venezuela

    "Venezuela’s plan was to sell 29 tonnes of gold held in Caracas to the UAE by February in order to provide liquidity for imports of basic goods, a senior official said. Two high-level Venezuelan central bank officials were made to resign on Thursday and Friday because they did not want to authorize the sale of gold, three sources familiar with the situation said, declining to be named because the situation was sensitive."

    All debt-based consumption steals from the future to gratify the present. It is tomorrow’s consumption pulled forward. It signs a perpetual check against an overdrawn future.

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