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Venezula to control gold mining

KipKip Posts: 852
in Precious Metals
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UCSB Electrical Engineering....... USCG and NASA

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  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    Well, that should destroy the gold mining industry in Venezuela, but they are not big enough to affect the market by going away.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I hope that the US allows repatriation of Venezuela's gold - after settling all claims due the gold mining companies that Chavez is nationalizing, and all of the oil companies that he already nationalized.

    Then, I think the US should go into Venezuela and remove every piece of equipment that was ever made in the US for their oil and mining industries. Repatriation, if you will....

    Or, just take it out of their gold holdings and then pay them the remainder in dollars.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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