Tuesday, January 31, 2012

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.........

No comments: