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<p>[QUOTE=&quot;desertgem, post: 2212387, member: 15199&quot;]Venezuela thought it was a good idea to have their reserves in gold bullion ( 68% of it) to balance with their petroleum output/reserves. Like many bullion hoarders with similar holdings who finds their main revenue becoming limited, but still have debts to pay ( in USD) it is a disaster in the making. Now if it was only 5-10% gold, they would still be in a problem, but it seems they didn&#039;t expect the strengthening USD at the same time as decreasing petroleum demand/sales,&nbsp; and a decrease in gold pricing~ a dark grey swan event at least.</p><p><br /></p><p><br /></p><p><a href="http://www.bloomberg.com/news/articles/2015-08-10/ravaged-by-oil-s-collapse-venezuela-now-has-a-big-gold-problem?cmpid=yhoo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/news/articles/2015-08-10/ravaged-by-oil-s-collapse-venezuela-now-has-a-big-gold-problem?cmpid=yhoo" rel="nofollow">http://www.bloomberg.com/news/articles/2015-08-10/ravaged-by-oil-s-collapse-venezuela-now-has-a-big-gold-problem?cmpid=yhoo</a>[/QUOTE]</p><p><br /></p>

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