the great gold scramble begins, page-2

Yeah,perhaps they might get smart and pull the ol' tungsten trick,or better still have the delivery vessel/plane go down in the scarey "Bermuda triangle".(not far from the Canary Islands?).
Wonder how long he waits for delivery?
Profits to all.BMD

http://www.bloomberg.com/news/2011-0...-s-europe.html

Venezuelan President Hugo Chavez said he will move forward with a proposal to repatriate as much as $11 billion of gold reserves held in the U.S. and Europe as part of a plan to shift assets away from American institutions

Venezuela will transfer 99 tons of gold from the Bank of England to the South American country�s central bank, Chavez said today on state television. Venezuela also has gold at JPMorgan Chase & Co., Barclays Plc, Standard Chartered Plc and the Bank of Nova Scotia, he said.

�It�s a healthy decision to bring the gold back to Venezuela,� Chavez said.

Chavez, who has said he wants to eliminate the �dictatorship� of the U.S. dollar, has called on Venezuela�s central bank to diversify its $28.7 billion in reserves away from U.S. institutions. Cash reserves will be shifted into currencies from emerging markets including China, Russia, Brazil and India, Central bank President Nelson Merentes said today at a press conference.