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    gold investing

    President Chavez Aims to Take on ‘Mafia’ With Venezuelan Gold Investment

    Investing News Network
    May. 05, 2011 09:44PM PST
    Precious Metals Investing

    Bloomberg reported that Venezuela is trying to boost gold production and reduce illegal mining.

    Bloomberg reported that Venezuela is trying to boost gold production and reduce illegal mining.

    The market news is quoted as saying:

    Venezuela is producing “only” 11 metric tons of gold a year and alleged illegal miners extract another 10 to 11 tons a year, President Hugo Chavez said.

    To read the full market news, click here.

    gold investing
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