$714 per oz. Citibank Buys $1Billion in Gold From Venezuela

[ximmy]

Citibank recently announced that they were going to swap $1 billion for a portion of Venezuela’s gold. Nicolas Maduro’s cash-strapped regime is so desperate for revenue, that they’ve agreed to pawn 1.4 million ounces of gold, which amounts to $714 per ounce. - See more at: http://www.thedailysheeple.com/citibank-buys-1billion-in-gold-from-venezuela_042015#sthash.9xqCP7he.dpuf

Shucks!
We could have pooled our resources and offered $750. oz then flip. :(

[Twisted Titan]

Just proof positive The sociolist paradise is really a hell of its own making.


Back in the day i would have said maduro is a fool.

Who the eff would sell a hard asset at a 50% discount when the country could just print the paper for free with no interest?

The correct answer is no one with even a basic understanding of math..


Maduro is puppet that was installed to run that city into the ground and only admist the cries of desperation would a population agree to hawking it most prized possesion

A text book example of the hegalian dialetic.

[osoab]

What do the Chinese have to say? They have multiple outstanding loans to Venezuela.