International Intrigue Over Venezuela’s Gold Could Help Decide Maduro’s Fate

Venezuelan Bolivar bills arranged on a table in a bookshop in Caracas, Venezuela, Jan. 28, 2019 (DPA photo by Marcelo Perez del Carpio via AP Images).
Venezuelan Bolivar bills arranged on a table in a bookshop in Caracas, Venezuela, Jan. 28, 2019 (DPA photo by Marcelo Perez del Carpio via AP Images).
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A country’s gold reserves are meant to provide stability and financial ballast, not cash for everyday purchases. Only in the most extreme cases do they become a source of currency for vital supplies. That is exactly what is happening in Venezuela, where the political crisis has triggered the kind of international intrigue usually scripted in Hollywood. The embattled government of President Nicolas Maduro is trying to cash in its reserves while the opposition and its foreign backers maneuver to keep the country’s gold and any hard currency from its sale out of Maduro’s hands. This intrigue involving bank vaults and […]

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