Gold sales on a grand scale in Venezuela
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).
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