Paul Volmer: 🇻🇪 Venezuela’s gold may be heading under U.S. control. 🇺🇸🪙
Around 31 tonnes of Venezuelan gold, worth roughly $4 b
🇻🇪 Venezuela’s gold may be heading under U.S. control. 🇺🇸🪙
Around 31 tonnes of Venezuelan gold, worth roughly $4 billion, has been held at the Bank of England for years.
Now, reports indicate that an arrangement could see the gold released, with the proceeds placed under U.S. Treasury management and used for reconstruction in Venezuela.
Technically, this isn’t the U.S. simply “taking” Venezuela’s gold. But it raises a fascinating question:
If your country’s gold is held abroad, and another country ultimately controls what happens to it, how sovereign is that reserve really?
Gold has always been considered the ultimate independent reserve.
Maybe where you store it matters just as much as how much you own. đź‘€
#Gold #Venezuela #Bitcoin #Crypto #US #CentralBanks
Paul Volmer: 🇻🇪 Venezuela’s gold may be heading under U.S. control. 🇺🇸🪙 Around 31 tonnes of Venezuelan gold, worth roughly $4 bi
🇻🇪 Venezuela’s gold may be heading under U.S. control. 🇺🇸🪙 Around 31 tonnes of Venezuelan gold, worth roughly $4 billion, has been held at the Bank of England for years. Now, reports indicate that an arrangement could see the gold released, with the proceeds placed under U.S. Treasury management and used for reconstruction in Venezuela. Technically, this isn’t the U.S. simply “taking” Venezuela’s gold. But it raises a fascinating question: If your country’s gold is held abroad, and another country ultimately controls what happens to it, how sovereign is that reserve really? Gold has always been considered the ultimate independent reserve. Maybe where you store it matters just as much as how much you own. 👀 #Gold #Venezuela #Bitcoin #Crypto #US #CentralBanks
🇻🇪 Venezuela’s gold may be heading under U.S. control. 🇺🇸🪙 Around 31 tonnes of Venezuelan gold, worth roughly $4 billion, has been held at the Bank of England for years. Now, reports indicate that an arrangement could see the gold released, with the proceeds placed under U.S. Treasury management and used for reconstruction in Venezuela. Technically, this isn’t the U.S. simply “taking” Venezuela’s gold. But it raises a fascinating question: If your country’s gold is held abroad, and another country ultimately controls what happens to it, how sovereign is that reserve really? Gold has always been considered the ultimate independent reserve. Maybe where you store it matters just as much as how much you own. 👀 #Gold #Venezuela #Bitcoin #Crypto #US #CentralBanks
