August 23, 2011
Following a 6 month stalemate in which neither side had attained any advantage, it suddenly took just a few days for the Libyan rebel forces to steamroll unopposed into Tripoli.
While we are confident that the political aftermath of this outcome will be very much comparable to what is happening in Egypt right now, many wonder why it is that the Libyan situation has progressed with such speed.
Perhaps the answer can be found in the 143.8 tons of gold held by the Libyan Central Bank.
Granted it is nowhere near close the 366 tons of gold that Venezuela supposedly has per the WGC, most of it likely held offshore and not being repatriated, the question of where the global gold cartel may find some of the much needed physical to satisfy Chavez’ demands has been now answered.
Of course we assume that said gold has not already departed Libya to Caracas over the past 6 months.
Which, in retrospect, we probably should, as it would explain why gold is now at $1875 and rapidly rising.
My question is why in the world did Chavez store the gold overseas and most of it is in the Bank of London no less.
ReplyDeleteI have asked the same question. I have a funny feeling that perhaps Mr. Chavez is playing a game also? I mean, who is really whom any more?
ReplyDeleteDo we peons really know the truth about very much regarding international affairs any more?
It does seem funny that his $$$ is not at home under his own guard to be honest.