🚨 #BREAKING: VENEZUELA’S GOLD DRAIN EXPOSED 🇻🇪🪙
Between 2013–2016, Venezuela quietly shipped 113 metric tons of gold — worth about $5.2 BILLION USD — to Switzerland’s gold refineries from its central bank reserves during the early years of Nicolás Maduro’s rule. This was done to raise hard currency amid a deep economic crisis and collapsing oil revenues.
📦 The numbers are staggering:
• 113 tons of gold moved to Switzerland — a major global gold hub 🇨🇭
• Valued at ~4.14 billion Swiss francs (~$5.20 billion USD)
• Likely refined & processed before onward sale or distribution
⏳ Why it happened:
Venezuela’s economy was collapsing, foreign exchange was scarce, and the central bank sold reserves to generate hard currency for survival — essentially distress selling of its strategic assets.
🛑 What stopped it:
Gold exports to Switzerland stopped after 2016, coinciding with EU sanctions on Venezuelan officials and economic pressure on the regime.
❗ Why this matters now:
This wasn’t routine trade — it was selling the nation’s safety net during crisis without clear transparency on where the money ultimately went or who benefited. The implications touch geopolitics, reserve management, and trust in sovereign assets.
👀 Market angle — watch closely:
$XAU | $pippin |
$GPS This story isn’t just about gold.
It’s about economic desperation, shifting global reserve dynamics, and money moving in the shadows.
#GOLD #Venezuela #UpdateAlert #BTCVSGOLD #WriteToEarnUpgrade