Venezuela receives first gold shipment from Europe

[Rebel Assault]

http://www.itbusinessnet.com/article/Ven...pe-1778312

Quote:CARACAS, Venezuela (AP) ' President Hugo Chavez's government began repatriating Venezuela's gold reserves from European banks Friday as the first shipment arrived on a flight from Paris.

Troops guarded the shipment in a caravan of at least five armored vehicles that carried the gold to the Central Bank in Caracas.

A group of government supporters cheered and waved flags as the caravan passed, with soldiers holding their rifles at the ready. Two light tanks escorted the shipment.


Chavez announced in August that his government would retrieve more than 211 tons of gold held in U.S. and European banks.

Chavez announced earlier Friday that the first of the gold was on its way.

"It's coming to the place it never should have left. ... The vaults of the Central Bank of Venezuela, not the bank of London or the bank of the United States," Chavez said. "It's our gold."

He said that previously the gold was held in Britain. He didn't specify the bank nor say how much was in the shipment.

The leftist president has said his decision to repatriate the gold reserves is aimed at helping to protect the oil-producing country from economic troubles in the United States and Europe.

Chavez's opponents have called the plan costly and ill-advised.

[TheMythOfSisyphus]

Yes Chavez good thinking. Put 211 tons of gold in the middle of your country. That is totally not a good reason to go in there under the guise of bringing freedom and get 211 tons of gold richer. Chavez you bastard you better be sure of what you are doing.

[Asshole]

its better than letting europe keep it. then they can "freeze his assets to ensure the freedom and safety of his people" like they did gaddafi.

[Rebel Assault]

there isnt anything wrong with what hes doing. its a good thing he's pulling that wealth out of europe and the states since all they seem to do is fuck people over.