[M1iFiNmC]

http://networkedblogs.com/o8m1k


Venezuelan Gold Repatriation to Begin by Mid-November
The cartel had best begin bracing for a 200 ton withdrawal of the PHYZZ in November.
Look for major ripple effects throughout the gold market as the actual inventory is withdrawn from cartel vaults.

CARACAS Oct 5 (Reuters) - Venezuela will begin repatriating its gold reserves from Western nations by mid-November, the central bank head said on Wednesday.
"We're in the final phase of the logistics ... Soon the Venezuelan people will know when the first boat is coming," Nelson Merentes said, according to state news agency AVN.
President Hugo Chavez announced in August that the South American OPEC member nation would bring bring home almost all its $11 billion in gold reserves held abroad -- a nationalistic move that has hurt market confidence.


Analysts have said bringing the gold physically to Venezuela is a slow, complex and expensive process. Officials have given few details of how that will happen.
Merentes said the first boat laden with reserves would be back by mid-November. "It will be here as soon as possible, no later than in a month-and-a-half," he said.
Read more:


http://af.reuters.com/article/metals...nnel=0&sp=true

[carletoxtrs]

So WTF are THEY going to do if they don't get it? The answer, NOTHING.

EDIT

I'm reminded of the movie Dune.

Once the flow of spice (oil) is stopped, all eyes will turn to Arakas (Venezuela). So Chavez could say. No Gold, no Oil, but then it's on. I think they're our second largest supplier of Oil after Canada.

[leijggeds]

So WTF are THEY going to do if they don't get it? The answer, NOTHING.

EDIT

I'm reminded of the movie Dune.

Once the flow of spice (oil) is stopped, all eyes will turn to Arakas (Venezuela). So Chavez could say. No Gold, no Oil, but then it's on. I think they're our second largest supplier of Oil after Canada.

just for kicks, i looked on APMex.

then i thought - no, this is a job for Tulving.

i think between APMex & Tulving, they could come up with



6846.5 ounces, $11.7 Million.

a ton is 30,000 ounces, more or less.


i'm sure Tulving has a comparable amount.

sure is fun window-shopping !

wouldn't want to do this drunk ... might end up placing a buy order


maybe Harvey O. knows how many 400 ounce bars are theoretically at the COMEX.


it shows how fragile the gold supply is. imagine if Steve Job's wife Charlene decided to diversify into gold. she's prettier than Hugo Chavez (no arguments there, eh ?

if Venezuela's gold ain't in the vault ... maybe the Rothschild's would step forward to rectify this embarassing situation from their own personal reserves ... they're such nice people ... Jesus we need a sarcasm emoticon.

[Olphander]

"a nationalistic move that has hurt market confidence."

Hasn't hurt my confidence, actually the opposite. I don't see how this would hurt anyone's confidence besides TPTB who want all of the gold, and those who want to keep the price down. I think it's rather bullish that Chavez is making his move to get the gold. Of course GoD is right in the fact that they don't have to give it to him and there is nothing that he could do about it. They've been looking to get his ass and the oil. This is the emptying of a safe deposit box on a grand scale.

Oh, and GoD, if you haven't read the book Dune, you should, it's fantastic. I saw the movie first, and hated it, but I've read the entire series 3 or 4 times.

[M1iFiNmC]

"a nationalistic move that has hurt market confidence."


Oh, and GoD, if you haven't read the book Dune, you should, it's fantastic. I saw the movie first, and hated it, but I've read the entire series 3 or 4 times.

I did the reverse order, book first (loved it ), movie second (it sucked)

he is right though, great series of books.

[LesLattis]

[Eunatis]

"Soon the Venezuelan people will know when the first boat is coming,"


I bet lots of other people want to know too.

[corriffuniee]

Chavez wants it by November.

[M1iFiNmC]

for the record, I think chavez has "gone off the reservation", as they might term it.

I realize the zionists own/control virtually all of the worlds leaders,

but chavez is just months aways from the grave, from his cancer.

I think he has decided to go out in style

I do not see any of this "in the script", as they might say.

Damned if they do (finding 200 tonnes of gold at todays prices is going to be real tough)

and if they say "no delivery", it could cause a global bullion run based on lost confidence.

there is no win for anyone out of this, but Chavez, and other gold owners around the planet...

imminent death can really change a person, I suspect he has had a change of heart...

[LesLattis]

for the record, I think chavez has "gone off the reservation", as they might term it.

I realize the zionists own/control virtually all of the worlds leaders,

but chavez is just months aways from the grave, from his cancer.

I think he has decided to go out in style

I do not see any of this "in the script", as they might say.

Damned if they do (finding 200 tonnes of gold at todays prices is going to be real tough)

and if they say "no delivery", it could cause a global bullion run based on lost confidence.

there is no win for anyone out of this, but Chavez, and other gold owners around the planet...

imminent death can really change a person, I suspect he has had a change of heart...

200 tonnes to keep him quiet ....cheap


gold buyers.........gotta find 200 tonnes of gold and the price is a bit expensive.......

friends of gold buyer.......dont worry we will crash the market for you then so its cheaper.........

[casinobonusfrees]

Hey all you "Dune" guys...

I've also read the entire series (and the first book probably 5 times), and I agree that for the most part, the movie sucked. However, there was also a multi-part television miniseries for Dune and Children of Dune, and it was (at least in my opinion) a bit better of a film adaptation than the movie... they diverged from the story line of the books quite a bit less than the movie did. I also found the visual depiction more in line with how I imagined the books would look in real life. If you haven't seen those mini-series yet, I recommend them. Still, the books were the best... as is almost always the case.

[pageup85]

The spice must flow.




“Beyond a critical point within a finite space, freedom diminishes as numbers increase. This is as true of humans as it is of gas molecules in a sealed flask. The human question is not how many can possibly survive within the system, but what kind of existence is possible for those who so survive.”
― Frank Herbert

[boffincash]

"Soon the Venezuelan people will know when the first boat is coming,"


I bet lots of other people want to know too.

No doubt the bars are mysteriously irradiated in transit.

[Grewlybreekly]

I see a boating accident in my crystal ball...

[Feloascarlelt]

Should we watching the inventories of Tungsten for a large drop?

[Grewlybreekly]

Should we watching the inventories of Tungsten for a large drop?

No, they have already made the gold plated Tungsten bars!

[DINAKuncher]

Update:

* Chavez ordered $11 billion worth of bullion brought home

* Source says ingots with be flown back, beginning in Nov.

By Eyanir Chinea

CARACAS, Oct 26 (Reuters) - At the foot of a dimly lit spiral staircase far below Venezuela's Central Bank, workers prepare for an unusual arrival: 17,000 gold bars being shipped back on the order of President Hugo Chavez.

Repatriating about 190 tonnes of bullion worth more than $11 billion from banks in the West will be risky, slow and expensive, experts say.

It is just the latest in a string of grand gestures and controversial plans by the unpredictable socialist leader that are easier for him to order than to put into practice, and it has set officials scurrying to make it happen.

His political opponents accuse Chavez of planning to use the country's gold to boost his campaign war chest ahead of next year's presidential election, and others say bringing the gold home is a waste of money and effort.

"It doesn't make sense. It would be cheaper to sell the gold and at the same time buy gold in closer locations," said Russ Dallen of Caracas Capital Markets.

Chavez's government insists the operation will not cost much, and that Venezuela's reserves will not be put at risk....

More: http://af.reuters.com/article/metals...79P1B120111026

[boffincash]

TpTb's movin south.

[zilsolley3]

Happy to say that Chavez canser is gone.........also, the first thing that the US (NATO) does when they are going to declare the "liberation" of a country is to freeze the contrie's assets overseas so that Chavez knows that something is up and getting ready for it......................"If you don't hold it, you don't own it"... Ponce........Chavez read this.

[RorieSorNearop]

The blood of kaddaffi will still be quite fresh on the Gold Bars Chavez gets