Venezuela Repatriates Gold

Venezuela get first shipment of Physical Gold

With foresight, and you didn’t need too much of that in the present climate of global financial theft, Venezuela’s president repatriates venezuelan gold.

http://www.infiniteunknown.net/2011/11/28/first-repatriated-gold-shipment-lands-in-venezuela/

Back in August, the news that Venezuela ruler Hugo Chavez had decided to repatriate his gold from London vaults made headlines and was one of the key catalysts sending gold to its all time highs north of $1900/oz. Since then the story died down with no updates. Until today: Bloomberg has reported that Venezuela will receive the first shipment of gold reserves being repatriated from U.S., Canadian and European banks today. “Chavez, speaking on state television, said that the bars will be escorted to vaults in Venezuela s central bank by the military after arriving by air to the South American country. The gold that was over there in England will soon be arriving, said Chavez. The opposition says that I’ll put the gold in the presidential palace or give it away to Cuba or something. This gold is going back to where it should have never left — to the Central Bank of Venezuela. Chavez, a former paratrooper and self-professed socialist, in August ordered the central bank to repatriate $11 billion of gold as a safeguard against volatility in financial markets.” Will Chavez demonstrate phenomenal foresight having collected his gold just months ahead of Europe falling into the abyss of a toxic debt spiral or were his worries unfounded? It remains to be seen. However, he will probably sleep sounder knowing that his gold is no longer in the vaults of the LBMA, HSBC, or several hundred feet under the New York Fed. That is, of course, if the “presidential palace or Cuba or something” ends up having real 999 gold, and not just several blocks of Tungsten with a pretty plating on top.

By repatriating the bullion, he also reduces the risk of any seizure of assets related to arbitration cases, including those linked to the nationalization of multibillion-dollar oil projects run by big U.S. companies.

More than 60 percent of Venezuela’s international reserves are in gold. That is nearly eight times the regional average of just over 8 percent, and twice that of the second highest in Latin America, Ecuador.

Needless to say gold reserves in *the west* to paper printed, is a rather smaller unknown fraction.

I have also been watching as *they* have wheeled the *TECHNOCRATS* into the prime minister’s chair,first in Greece and now in Italy, totally undemocratic, no-one has voted them in, but the Central Bankers dictate,and whilst these Technocrats are praised to the high heaven for their number-crunching abilities, as in ex-bank employees, one has to wonder, what else can they do ? what other talents do they have ? In the case of both these countries it seems that their gold is to be extracted to pay for bailouts, surprise surprise!

read following article on technocracy;

http://www.allvoices.com/contributed-news/10531323-technocracy-global-new-world-order-smart-grid

thank you and may your god go with you!