On: How to get $12 billion of gold to Venezuela

[sek]

Good points.

This could be a bad signal, gold is very handy when you need to get out of a country in political change.

Didn't had the Wife of the Tunisian Dictator a ton of gold?

[hugh3 → sek]

In which case surely he'd keep it in Europe?

Or is this Venezuela's gold rather than Chavez's personal gold? In any case, I'm sure that Chavez, like most dictators, has a crapload of money carefully squirreled away in foreign countries. Attempting to steal Venezuela's own gold and then sneak out with all he can carry doesn't sound useful.

[anamax → hugh3]

> In any case, I'm sure that Chavez, like most dictators, has a crapload of money carefully squirreled away in foreign countries.

Probably, but where do you think that it came from?

> Attempting to steal Venezuela's own gold and then sneak out with all he can carry doesn't sound useful.

However, it is useful to steal it and start moving it now.

Plus, it's always useful to have some "traveling money" that will work when you're fleeing. You can't afford the time to negotiate good deals.