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<p>[QUOTE=&quot;fatima, post: 1248477, member: 22143&quot;]Some of you may have seen this story in the last couple of days, but apparently Hugo Chavez had decided to move most if not all of the country&#039;s gold held for central banking purposes back to Venezuelan territory.&nbsp; What I didn&#039;t realize until I saw more details on it, is that Venezuela is the 15th largest holder of gold in the world and we are talking about more than 300 tons.&nbsp;&nbsp; Apparently the Bank of England (central bank for the UK) has 99 tons and has already received the request.&nbsp;&nbsp; The rest seems to be held in various bank depositories that are also involved in the CME and other similar markets.&nbsp;&nbsp; No doubt this is going to ruffle a lot of feathers and shake up investors in the status quo.&nbsp;&nbsp; IMO, good for the price of gold.&nbsp;&nbsp; </p><p><br /></p><p>This is why gold is different.[/QUOTE]</p><p><br /></p>

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