Venezuela Lawmakers Trade Insults in Gold Debate

Precious Metals

Reuters reported on the governmental debate in Venezuela over President Chavez’s plan to bring gold back into the country.

Reuters reported on the governmental debate in Venezuela over President Chavez’s plan to bring gold back into the country.

The market news is quoted as saying:

Chavez said on Wednesday his government will repatriate almost all of its $11 billion in gold reserves held abroad, saying they will be safer in Venezuela than in countries with mounting debt worries such as in Europe and the United States.

To read the full market news, click here.

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