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Venezuela fights crisis with biggest sovereign gold sale since 2007

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Chris Powell

GATA

Published : May 26th, 2016

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FOLLOW : Central Bank Crisis Georgia Gold Gold Reserves Gold Sale International Monetary Fund Switzerland Venezuela

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Category : GoldWire


	Venezuela held the biggest gold sale by a central bank in eight years as the country's economic crisis deepened and the government faced concern that it may struggle to honor bond payments. The country cut its gold reserves by 16 percent in the first quarter, following a 24-percent reduction in 2015, according to data from the International Monetary Fund. The quarterly sale was the largest by any central bank since Switzerland sold 3.2 million ounces in the third quarter of 2007. ... ... For the remainder of the report: http://www.bloomberg.com/news/articles/2016-0...s-gold-holdi...

Data and Statistics for these countries : Georgia | Switzerland | Venezuela | All

Gold and Silver Prices for these countries : Georgia | Switzerland | Venezuela | All

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IMG Auteur

Chris Powell 13 abonnés

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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Venezuela's Guaido asks Citibank to freeze gold swap with Ma

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