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Gold sales on a grand scale in Venezuela

Venezuela's president Nicolas Maduro had tons of gold removed from the country's central bank - gold to save his position of power

Venezuela is in crisis. President Maduro must fight for his position. He doesn't want a new election, but the military still stands by him. According to government sources, Maduro now had at least eight tons of gold removed from the Venezuelan central bank when security officials were away and the head of the central bank abroad. Because Maduro needs money.

According to government sources, the goal should be illegal sales abroad. The central bank itself did not express itself. As early as 2018, 23 tonnes of gold are said to have found their way to Istanbul. Because staple foods had to be bought. In January 2019, three tons of gold went to the United Arab Emirates, perhaps more. There, however, for the time being, no further purchases are to be made as long as the political situation does not stabilise. Nevertheless, Venezuela's gold reserves continue to shrink and are now said to have reached their lowest level in 75 years.

So if a country has to struggle with economic collapse, Venezuela is a good example, then gold comes into play. It's just a cover for extreme times. Companies such as Steppe Gold or Osisko Gold Royalties are responsible for the worldwide supply of the precious metal. These offer investors the opportunity to participate in the precious metal with leverage.

It was not until 2017 that Steppe Gold - https://www.commodity-tv.net/c/search_adv/?v=298802 - bought the ATO gold project in Mongolia and the first gold will soon be poured there. Low capital costs, low production costs and very good drilling results (up to 220 grams of gold and up to 49.3 grams of silver per ton of rock) characterize the project.

If you don't want to rely on just one company, you can participate in a wide variety of investments with Osisko Gold Royalties - https://www.commodity-tv.net/c/search_adv/?v=298720, a precious metal licensing company. The Company's most recent investment is a silver purchase agreement between Osisko Gold Royalties and Falco Resources. Osisko Gold Royalties can thus generate further assets and, incidentally, has just announced the 18th consecutive quarterly dividend.

Current company information and press releases from Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd.html) and Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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