Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Vancouvers #1 Coin and Paper Money Dealer Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Royal Estate Auctions - $1 Coin Auctions








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Hugo Chavez To Pull Gold Reserves Out Of US And Europe

To participate in the forum you must log in or register.
Author Previous TopicReplies: 57 / Views: 3,947Next Topic
Page: of 4
Pillar of the Community
mkfarm's Avatar
United States
667 Posts
 Posted 08/19/2011  9:46 pm  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
Yes he is a real hero. What a great man and leader. As long as you don't mind having your home and land taken from you. However maybe you like equal distribution the easy way.

Chávez is carrying out what may become the largest forced land redistribution in Venezuela's history, building utopian farming villages for squatters, lavishing money on new cooperatives and sending army commando units to supervise seized estates in six states.

The violence has gone both ways in the struggle, with more than 160 peasants killed by hired gunmen in Venezuela, including several here in northwestern Yaracuy State, an epicenter of the land reform project, in recent years. Eight landowners have also been killed here.

It has deeply polarized the nation, with Chavez supporters and beneficiaries on one side and those who believe in private property rights on the other.

One such believer in property rights is Maria Paz Raga, a Caracas-based media consultant and mother of two who said she has lost two properties to squatters in six years, a one-acre plot that she inherited from her grandmother and a weekend beach condo she saved for 25 years to buy.

"My apartment on La Guaira beach was taken over by a band of criminals that now charges squatters a monthly fee so they can stay," Raga said. "My little farm in Aragua state was taken along with several other parcels by a man who fenced them all in and now keeps them under an armed guard."
Pillar of the Community
mkfarm's Avatar
United States
667 Posts
 Posted 08/19/2011  9:51 pm  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
Just read this and you will follow his game plan along with understand his latest move with the gold.

http://conservativedailynews.com/20...in-and-marx/
Pillar of the Community
GoThunder's Avatar
United States
830 Posts
 Posted 08/19/2011  9:56 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
Wow he's even worse than I'd heard.
Valued Member
rdlem's Avatar
United States
187 Posts
 Posted 08/19/2011  10:09 pm  Show Profile   Bookmark this reply Add rdlem to your friends list Get a Link to this Reply
So the question is, is he a dictator and is he lining his pockets? Or has he just accumulated executive powers in an honest defense of his country? After all the United States sponsored a military coup of Chavez in 2002, which failed, and since then has been engaged in extensive subversion, media and policy attacks against Venezuela.

I'm really interested how this request for Venezuelan gold to be moved home plays out.
Valued Member
Ron2012Paul's Avatar
175 Posts
 Posted 08/19/2011  10:26 pm  Show Profile   Bookmark this reply Add Ron2012Paul to your friends list Get a Link to this Reply
Before you put Chavez down you gotta remember the United States President has the authority to arrest anyone he wants without probable cause and he can hold you indefinetly without due process. That doesn't sound like much of a democracy. Unlike Chavez the talking heads who run our country and the fed are running a ponzi scheme on its citizens and our fed chairman doesn't think gold is money even though central banks all over the world are buying gold by the tons.
Pillar of the Community
mkfarm's Avatar
United States
667 Posts
 Posted 08/19/2011  10:34 pm  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
You missed a key word it is alleged US involvement. The two people who allege this is Hugo Chavez and Jimmy Carter. What a pair!

Did we - well anything is possible Kennedy tried it with Castro and failed but succeeded with Ngo Dinh Diem.
Pillar of the Community
mkfarm's Avatar
United States
667 Posts
 Posted 08/19/2011  10:40 pm  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
Ok I live in the worst country in the word please pass me a Hugo T-Shirt.

Now I know how Hitler came to power.

In any event I don't think it will be that much problem to ship the gold south, just might be expensive. Since you have some water between both counties you might need a boat or plane.

I'm going to keep to the gold and let you all praise Hugo, he isn't worth talking about any more.
Pillar of the Community
GoThunder's Avatar
United States
830 Posts
 Posted 08/19/2011  10:41 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
Yeah you guys are right, he's really a great guy disguised as a crazy dictator. Any chance a big company will ever invest in that country again?
Valued Member
Ron2012Paul's Avatar
175 Posts
 Posted 08/19/2011  10:52 pm  Show Profile   Bookmark this reply Add Ron2012Paul to your friends list Get a Link to this Reply
I'm not trying to say Chavez is a great guy I just thought it was a smart move on his part to move their countries gold out of the U.S. I love America I'm just not real optimistic with the direction we are going in.
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 08/19/2011  11:41 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I posted about the movie "Max", just now in Mk's recent "silver takin a Joe" thread, and it is all about Hitler's early life, and his choice to turn to politics instead of art. Fictional, but an creepy plot twist in the end that seems real plausible, like something that very easily could have happened, even though it most likely did not, but something similar may have played out....

Funny, we all come to that crossroad path sometime in life. A moment more important that any other, and are you gonna turn right, or left....

Buying large into gold and silver or any big investment, is one of those times I think we all would agree....
Edited by Silverhawk74
08/19/2011 11:47 pm
Valued Member
rdlem's Avatar
United States
187 Posts
 Posted 08/20/2011  03:49 am  Show Profile   Bookmark this reply Add rdlem to your friends list Get a Link to this Reply
What I'm trying to suggest is that it isn't possible for Chavez to have an open and free government unless he allows whatever dictates the US and it's multinational corporations please to happen there. (see Bechtel privatizing water in Bolivia including criminalizing collecting rain water -- oh ya that's illegal at my house in Colorado too. --- see also Coca Cola in Columbia, see School of the Americas) Once again I don't defend Socialism, Communism or Plutocracy only that it is possible Chavez has to have this tight grip on his country so we don't steal it.

As for your protesting Hugo taking lands or giving 'unused' lands to the poor like some evil socialist well what we have here in the Wonderland is the charitable 'eminent domain' where the Government takes your land and gives it to various business interests like the railroads. (Oh ya fat cat Warren Buffet has major investments in railroads). Once again hypocritical. They're Socialists but hey we're Fascists.

Here's a link to The Guardian article connecting the Bush administration to the coup attempt. But yes "alleged".
http://www.guardian.co.uk/world/200...sa.venezuela

On Hitler, since you brought him up, his rise was financed by JP Morgan, Bank of England, General Electric through AEG, Ford Motor Co (Henry Ford even received a medal from the Nazis), Standard Oil, IBM, ITT and Brown Brothers Harriman whom Granddaddy Bush worked for. BBH had it's assets seized during WWII under the Trading with the Enemy Act.
Pillar of the Community
mkfarm's Avatar
United States
667 Posts
 Posted 08/20/2011  05:34 am  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
Sorry sticking to coins & bullion had enough hate America in this thread.

Interesting moves as Hugo will move all non gold reserves to China, Russia, Iran and some SA countries like Brazil. Most of these reserves are in the Switzerland-based Bank for International Settlements.

The Canadian Company Rusoro Mining Ltd.,is really the one private company with significant mining operations in Venezuela, produces gold both at an open-pit mine and an underground mine that is a joint venture with the government. Thus no changes are predicted.

The move to take gold reserves out of the U.S. and Europe will not have much impact on those countries. Their banks charge storage fees for holding Venezuelan gold, so the primary impact from losing it would be a loss in those fees.

Other than a bump in the market there is no large impact on gold. However one important part is with oil prices dropping, that hurts Venezuela's ability to repay loans to lenders like Russia and China thus it appears there may be some trade offs.

The move also make him judgment-proof, which means fewer countries can hold major sanctions on him.

Thus the over all opinion is that it will do nothing to the gold market in the long term. It is viewed more as a pre-election move as he is trying to firm up his election base.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 08/20/2011  06:04 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
Gold soared to new heights even in the face of a World Gold Council report that said demand was down 37% year on year.


Good thing demand is down, or the price would be $3,000.
Pillar of the Community
Ceylon62's Avatar
United States
1285 Posts
 Posted 08/20/2011  07:42 am  Show Profile   Bookmark this reply Add Ceylon62 to your friends list Get a Link to this Reply
Taking physical delivery of gold which has been in the international settlement system will cause some dislocations.

Not knowing the current custodians trades quite a few possible temporary outcomes are possible which will work its self out. It is estimated at about 1.5 days of production.


On a side note -- The nut case in Libya is trying to move / get his hands on the Libyan gold and other assets (easy to move) that are still inside of Libya and the various international agencies are keeping track as it belongs to the citizens of Libya.




Quote:
Having some gold in Swiss bank vaults can be very handy for any dictator who falls out of favor at home



Not any more - Egypt -- They FROZE all accounts including the Swiss accounts of all known prior regime participants and their families. These assets will make their way back to the Egyptian people / country / get repatriated in some way. The numbers vary from about 50 to 100 bill $ or more as Murbaiks family alone is supposed to have close to 40 Bill stashed away.


Pillar of the Community
Libertad's Avatar
Canada
3692 Posts
 Posted 08/20/2011  09:07 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
All of this gold and dictator talk is reminding me of that fun film, "Three Kings" (1999), which had to do with Saddam Hussein and stolen gold bullion.

After reading all of your replies, I can only say that Chavez is just placing his chips on better bets right now. He's picking his future war buddies.
  Previous TopicReplies: 57 / Views: 3,947Next Topic
Page: of 4

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.3 seconds to rattle this change. Forums