The American Empire Pivots Toward Venezuela

https://libertyblitzkrieg.com/2019/01/24/the-american-empire-pivots-toward-venezuela/

How Socialism Ruined Venezuela

There is no need to say "screw socialists and liberals."  They're doing a good enough job of screwing themselves.

https://mises.org/library/how-socialism-ruined-venezuela

Killing the Pigeons

This is a very accurate accounting on the consequences of the left's ideology.

http://www.internationalman.com//articles/killing-the-pigeons

Meanwhile In Venezuela... The Socialist Paradise Has Arrived

http://www.zerohedge.com/news/2015-07-29/meanwhile-venezuela-socialist-paradise-has-arrived

As we recently warned, the hyperinflationary collapse in Venezuala is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro's socialist paradise... and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).

Venezuela Begins Liquidating Its Gold

Hugo Chavez is rolling in his grave.  After being one of the first to repatriate his country's sovereign gold, Venezuela is now willing to part with the gold at fire-sale prices.  The price suppression by the bullion banks is working, as it is inducing bankrupt countries to keep their lights on a little while longer--even if it means selling the one asset that has intrinsic value.

http://www.zerohedge.com/news/2015-03-11/venezuela-begins-liquidating-its-gold

Facing shortages, Venezuela takes over toilet paper factory

This is more evidence of why centrally-planned economies are inefficient due to malinvestment.

http://www.cnn.com/2013/09/21/world/americas/venezuela-toilet-paper/

Breathing The Air In Venezuela? Prepare To Pay

http://www.zerohedge.com/news/2014-07-15/breathing-air-venezuela-prepare-pay

Venezuela has its gold, if not toilet paper, but what about Germany?

http://www.gata.org/node/13619

Venezuela Seizes Toilet Paper Factory Amid Fears Of US Sabotage

I wasn't kidding when I posited that there would be shortages of many essentials--including toilet paper--during times of economic distress.

http://www.zerohedge.com/news/2013-09-22/venezuela-seizes-toilet-paper-factory-amid-fears-us-sabotage

Venezuela Launches First Nuke In Currency Wars, Devalues Currency By 46%

http://www.zerohedge.com/news/2013-02-08/venezuela-devalues-its-currency-32

Venezuela and China agree to team up to develop large gold mine

This is disturbing.  When Hugo Chavez nationalized Venezuela's mining industry, they basically confiscated the assets from Crystallex, a Canadian mining company.  Since then, they have signed an agreement with CITIC, a Chinese wealth fund, to develop the gold and copper deposits of the Las Cristinas mine.  This essentially is a sterilized transfer of wealth from Crystallex to CITIC, leaving Crystallex no legal recourse.  Call it theft, which is equally appropriate.

http://www.washingtonpost.com/business/venezuela-and-china-agree-to-team-up-to-develop-large-gold-mine/2012/09/21/3df036aa-0440-11e2-9132-f2750cd65f97_story.html

Venezuela Receives Last Shipment of Repatriated Gold Bars

http://www.bloomberg.com/news/2012-01-31/venezuela-receives-last-shipment-of-repatriated-gold-bars-1-.html

Crowds greet Venezuela's gold as it begins trickling home

http://www.gata.org/node/10706

Bill Murphy On Venezuela’s Gold (part 2)

http://resourceclips.com/2011/08/29/bill-murphy-on-venezuelas-gold/

Gold, politics, and Venezuela

As GATA has alleged for over a decade, the vaults of central banks and treasuries are devoid of unencumbered gold, if it even exists at all.  The emperor(s) have no clothes, and Venezuela may have started a mad dash for sovereign nations to repatriate their physical gold reserves.  Conspiracy theories aren't necessarily fictitious, folks.  We're all about to find out the hard way. 

http://www.goldmoney.com/gold-research/gold-politics-and-venezuela.html?gmrefcode=gata

Chavez is not just recalling his country’s gold to protect its integrity, he is waging an idealist’s war against the capitalist system and the US in particular. This is why he has threatened to move gold and foreign reserves to the countries he says he trusts, principally Russia and China, and why he is proposing to nationalise Venezuela’s gold mines.

He has picked the capitalist system’s weakest point. He has been told by his central bank that the Fed, the BoE and the Bank for International Settlements hold gold for the whole central banking community in the main trading centres, and that much of this gold exists only as a ledger entry and is not backed by physical metal. Whether or not Venezuela’s gold is held in these fractionally-backed sight accounts, or in earmarked accounts where the gold is held separately, we do not actually know; but there is little doubt that this move is designed to encourage other central banks to demand that their gold is also repatriated.

Rickards - Chavez’s Gold Leased to JP Morgan, Barclays, HSBC?

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/23_Rickards_-_Chavezs_Gold_Leased_to_JP_Morgan%2C_Barclays%2C_HSBC.html

Chavez move could drive gold through the roof - and put confiscation on the cards again

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=133930&sn=Detail&pid=110649

The theory that governments and bullion banks may not have the gold they claim to hold will be put severely to the test as Venezuela seeks to call in its overseas gold holdings.

Gold Nears $1,900 - Venezuela Formally Requests Gold Holdings Held By BOE Ship By Sea

http://www.zerohedge.com/news/gold-nears-1900-venezuela-formally-requests-gold-holdings-held-boe-ship-sea

The dumb money continues to warn that gold and silver are bubbles.

Their simplistic bubble thesis is based almost exclusively on the nominal US dollar price and recent price movements and on the assumption that (to paraphrase) ‘gold has gone up in price a lot - therefore it is a bubble’.

There is a continuing failure to look at the important supply and demand fundamentals of the gold and silver markets which leads to unsound reasoning and irrational conclusions. There is also a failure to adjust for inflation.

There is little knowledge of the very small size of the physical bullion markets vis-à-vis the stock, bond, currency and other markets.

There is also very little knowledge of financial, economic and monetary history and a continuing ignorance regarding ‘investment 101’ which is diversification.

Being prudent and having an allocation of 10% to gold will protect no matter what economic and monetary scenario develops in the coming months. If one is not leveraged and is prudently diversified and owns gold bullion (coins and bars in the safest way possible), it does not matter if gold is a bubble or not as you own a range of other quality assets.

From a purely investment point of view - an allocation of 5% to 10% makes sense.

From a financial insurance or store of wealth point of view – having a higher proportion of your overall net worth makes sense.

Especially given the risks posed to the dollar, euro, pound and fiat currencies and to deposits “guaranteed” by insolvent states.

Not putting 10% of your wealth in gold is extraordinarily imprudent today and a recipe for further financial destruction.

The Battle For Libya Is Almost Over... As Is The Battle For Its 144 Tons Of Gold

http://www.zerohedge.com/news/battle-libya-almost-over-battle-its-144-tons-gold

Not easy for bullion banks to put golden Humpty Dumpty back together again

This is exactly the tone of a letter I sent earlier today to friends and family.  This is only the beginning of the scramble for physical gold.

http://www.usagold.com/cpmforum/2011/08/20/not-easy-for-bullion-banks-to-put-golden-humpty-dumpty-back-together-again/