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7.4 Tons of Venezuelan Gold “Lost” in Africa

Posted by Metals Corporate on

By John McDonald Venezuela was once one of Latin America’s most prosperous countries. Today, it is foundering in an ongoing economic and political crisis.  To make matters worse, it appears to have recently “lost” more than 7 tons of gold valued at more than $300 million. Here’s what we know happened so far: Venezuelan President Nicolás Maduro has been selling off the country’s gold reserves in an attempt to raise hard currency. The country has been largely isolated by U.S.-led sanctions that eliminated much of its oil revenues due to its participation in what the current administration has labeled a...

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