President Chavez took an unprecedented step to call back $11 billion in gold holdings held in financial institutions abroad. He also conveyed his plans to fully nationalize the Venezuelan gold industry.
Entries Tagged as 'Gold Prices'
Evidence For Gold Not Being A Bubble
· No Comments · Gold Coins
Given the enormous appreciation of gold from $250 an ounce in 1999 to $500 an ounce five years ago and $1,452 an ounce presently, it’s no wonder that there are so many proponents of a gold bubble, particularly after witnessing the stock bubble ending dramatically in 2000 and the real estate one, ending as dramatically in 2006.
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