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<p>[QUOTE=&quot;desertgem, post: 1250337, member: 15199&quot;]<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p><br /></p><p><br /></p><p>If you look at various background news on this, He was about to get hit with financial sanctions by US and others due to his operations with Iran and also from previously private owned oil and mining operations in Venezuela.&nbsp; Venezuela has already nationalized Gold mining in 1977, so only the government has authority to mine, but government cronies and criminals are thought to have taken advantage and opened illicit mines.&nbsp; </p><p><br /></p><p>Also Venezuela has depended on oil ( 95%) so much for prosperity, that with oil down 20% and low expectations of an upturn soon due to reduced production by the world economies, Venezuela is going to be in a hard place. Probably he is trying to set it up so it looks like the sanctioning nations are keeping his gold in greed rather than pending world court cases.</p><p><br /></p><p>I don&#039;t feel it is someone worried about decreasing dollar value, but someone who will possible feel a reverse of popularity when hardship hits. He will get the publicity benefit currently, but mark it as a high point for him , IMO.</p><p><br /></p><p>Jim</p><p><br /></p><p><br /></p><p><a href="http://www.foxnews.com/politics/2011/08/18/chavez-recalls-gold-held-in-us-europe-amid-plan-to-nationalize-industry/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.foxnews.com/politics/2011/08/18/chavez-recalls-gold-held-in-us-europe-amid-plan-to-nationalize-industry/" rel="nofollow">http://www.foxnews.com/politics/2011/08/18/chavez-recalls-gold-held-in-us-europe-amid-plan-to-nationalize-industry/</a>[/QUOTE]</p><p><br /></p>

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