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"Show me your gold. . ."

derrybderryb Posts: 36,836 ✭✭✭✭✭
. . . says Bank of America to Venezuela

As one commenter noted, "It's quite sad when Venezuela's Central Bank demonstrates more transparency with its assets than The Federal Reserve."

Natural forces of supply and demand are the best regulators on earth.

Comments

  • cohodkcohodk Posts: 19,155 ✭✭✭✭✭
    Lets try to get this thread some traction...

    Gold accounts for about 71 percent of Venezuela’s $21.4 billion of foreign reserves

    Venezuela has $21 billion. Apple has $130 billion.

    Interesting..


    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,836 ✭✭✭✭✭
    I believe the point is they are willing to open the vault for an audit of what gold they do have. Interesting. image

    Natural forces of supply and demand are the best regulators on earth.

  • cohodkcohodk Posts: 19,155 ✭✭✭✭✭
    They should be embarrassed that they hold so little.

    A newbie stock trader will often boast of his returns while a seasoned veteran will not.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,296 ✭✭✭✭✭
    A good read

    …from a couple years ago.
    Or paraphrasing a dictator communist : "You know it's the Capitalist's fault."
  • bluelobsterbluelobster Posts: 1,220 ✭✭✭


    It's not surprising Venezuela has Gold, Chavez was a gold "enthusiast" as well as an above average conspiracy theorist, of course, he made a big political story about bringing it in from the US. and JP Morgan when gold was 20% higher.

    Shockingly a few here speculated, this would cause a major reaction, Ok that's not shocking, JK..
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>Lets try to get this thread some traction... >>




    Golden!
    image
  • bluelobsterbluelobster Posts: 1,220 ✭✭✭
    ^^
    I Like Gold
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Gold is good......some gold is more attractive than coins or bars....imageimage Cheers, RickO
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