Telegraph, in its December 11, 2011 article, reports that Chavez flies Venezuela gold home to avoid EU turmoil.
Extract :
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Billions of dollars worth of gold is being flown around the globe in a
massive drive to bring home Venezuela’s riches from the West.
Officials are under orders from Hugo Chavez, the
country’s socialist president, to repatriate the nation’s gold
reserves against the backdrop of a wider effort to nationalise
its gold sector.
Last week Venezuela said it had safely received its
second load of gold from overseas. It would not give much detail, but the
first cargo welcomed by flag-waving crowds last month was said to be18 tonnes worth some $300m (£192m).
Chavez argues his nation needs to protect its gold from
the economic turmoil in the West.
You can check Venezuela’s Gold reserves here
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