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Replying to Avatar Bashno

Venezuela currently holds 161 metric tons of gold reserves.

161 metric tons are equivalent to approximately 5.18 million troy ounces, with an estimated value of around $22 billion at a gold price of $4,300 per ounce.

This makes Venezuela the leading Latin American country in terms of gold holdings.

Every $100 increase in the price of gold adds roughly $518 million to the value of these reserves.

Control over Venezuela is expected to generate hundreds of billions of dollars in revenues.

https://media4.giphy.com/media/4SQMqhWzUA0Fi/200w.webp

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scrolls of ancient wisdom 6d ago

$22B😆 The FED did like $31in one day a few days ago.

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Apiarium 6d ago

Nobody can print gold

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Kayne 6d ago

Fiat is debt

USA printed 31 billion dollars of negative value in one day.

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scrolls of ancient wisdom 6d ago

Yep

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