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<p>[QUOTE=&quot;scottishmoney, post: 1248584, member: 12789&quot;]It is not what Chavez does with the gold right now that is the real issue, it is what happens to it afterwards.&nbsp; As has been noted above Venezuela has been a member, in fact was instrumental in the founding of, OPEC and possesses significant oil reserves.&nbsp; The USA is of course their largest customer.&nbsp; Which makes it sort of fascinating because if the USA really wanted to, well if the USA could anyway, they could boycott Venezuelan oil and tap the strategic reserves, and seriously invest in alternative fuels.&nbsp; But then Chavez can pull the China card and just agree to sell all Venezuelan oil to the Chinese.&nbsp; So Chavez and his sulfurous devil in the USA are inextricably linked and dependent on one another.&nbsp; Chavez sells the oil, but keeps petrol products sold in country at an artificially low price to please the voters - seriously they have the lowest petrol prices of anywhere in the world. </p><p><br /></p><p>Chavez is a bonafide nutcase, but in some ways he has momentary lapses of stupidity and does something right for awhile, but then fouls it all up in the end.&nbsp; I just fear that their gold reserves will end up in some offshore account for Hugo and his cronies.[/QUOTE]</p><p><br /></p>

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