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 Industry'
Chavez creates a new direction for Venezuela
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Important Details About Italian Gold
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The Italians have a long past of working with gold. The Romans developed new methods for extracting gold on mass using hydraulic mining methods, especially in Spain from 25 BC onwards and in Romania from 150 AD onwards. One of their largest mines was at Las Medulas in Len (Spain), where seven long aqueducts allowed them to sluice most of a large alluvial deposit.
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