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Judi Lynn

(160,217 posts)
Tue Jan 31, 2012, 04:33 AM Jan 2012

Venezuela Welcomes Home Final Shipment Of Repatriated Gold Reserves

JANUARY 30, 2012, 11:21 P.M. ET
Venezuela Welcomes Home Final Shipment Of Repatriated Gold Reserves

CARACAS (Dow Jones)--Venezuelan officials completed a two-month process of repatriating 160 tons of the country's gold holdings Monday, by welcoming home the final shipment of the precious metal from Europe.

Declaring the process a "mission accomplished," government officials and state news crews met the 14-ton load at a Caracas area airport and heralded the televised event as a boost to national sovereignty.

Beginning late November, the government of President Hugo Chavez called back to the central bank's vaults in Caracas about three-quarters of the roughly 211 tons of the country's gold reserves that were stored in U.S., European and Canadian banks.

~snip~

"Venezuela's gold is now in the hands of Venezuelans, secured by Venezuelans and at the service of all Venezuelans," Merentes said, according to a central-bank press release.

More:
http://online.wsj.com/article/BT-CO-20120130-718210.html

LBN:
http://www.democraticunderground.com/101439916

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