Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

Friday, July 27, 2012

Josateki Naulu

Be still my heart!  The prize for hottest Olympic flag bearer goes to Fiji, oh my.
Judo go.


Wednesday, August 17, 2011

All That Glitters

Well, this could certainly get...interesting.

Venezuela plans to transfer billions of dollars in cash reserves from abroad to banks in Russia, China and Brazil and tons of gold from European banks to its central bank vaults, according to documents reviewed Tuesday by The Wall Street Journal.

The planned moves would include transferring $6.3 billion in cash reserves, most of which Venezuela now keeps in banks such as the Bank for International Settlements in Basel, Switzerland, and Barclays Bank in London to unnamed Russian, Chinese and Brazilian banks, one document said.

Venezuela also plans to move 211 tons of gold it keeps abroad...

Could this start a stampede of investors demanding physical delivery of gold? If so, there could be big trouble ahead.