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Cours Or & Argent

Cash-strapped Venezuela may sell gold, Citigroup says

IMG Auteur
Publié le 20 août 2015
100 mots - Temps de lecture : moins d'une minute
( 1 vote, 1/5 ) , 1 commentaire
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SUIVRE : Citigroup Venezuela
Rubrique : Fil D'Or

Countries facing cash shortages may be tempted to sell part of their gold reserves to raise funds, according to Citigroup Inc., which cited Venezuela as a potential example amid concern it may default.

The South American nation is one country that may be at risk of selling part of its holdings after oil fell and commodity prices weakened, analysts including David B. Wilson and Aakash Doshi, wrote in a report. Calls by Bloomberg to Venezuela’s central bank and the media office at the finance ministry outside normal office hours weren’t answered. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2015-0...ped-venezuel...

 

Données et statistiques pour les pays mentionnés : Venezuela | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Venezuela | Tous
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Pure speculation by Citigroup and the trotted out by Bloomberg.
Then foisted on more readers by GATA.

Where is the evidence?
Probable default by Venezuela is NOT evidence.
As the Bloomberg article points out, banks won't be willing to accept gold held in Caracas as collateral.
Perhaps GATA, Bloomberg and Citigroup don't understand the reason that Venezuela repatriated their gold.

If it looked like you might default on a debt to those who financed you profligate lifestyle, would you leave your assets where they could be easily seized?
The bankruptcy laws are meaningless when it comes to the choice between eating and satisfying a debt.
Now consider this on a country-wide basis and the socioeconomic pressures faced by the ruling socialists.
Dernier commentaire publié pour cet article
Pure speculation by Citigroup and the trotted out by Bloomberg. Then foisted on more readers by GATA. Where is the evidence? Probable default by Venezuela is NOT evidence. As the Bloomberg article points out, banks won't be willing to accept gold held  Lire la suite
overtheedge - 20/08/2015 à 18:58 GMT
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