🚨🚨 While the focus is on oil… remember Venezuela’s gold 👀✨
Currently, Venezuela possesses around 161 metric tons of gold in its official holdings.
This is approximately 5.18 million troy ounces — valued at about $22 billion with gold priced at around $4,300 per ounce.
This figure alone establishes Venezuela as the foremost gold holder in Latin America.
Here’s why this is significant 👇
For each $100 rise in gold prices, the worth of these reserves increases by nearly $518 million.
Consequently, fluctuations in the gold market have immediate repercussions on:
• National balance statements
• Currency reliability
• Sovereign creditworthiness
• Geopolitical power
Gold is more than just a lustrous element — it serves as a vital resource connected to monetary integrity, protective measures during crises, and positioning within the global economy.
This is the reason nations with substantial gold reserves often gain global interest, political focus, and financial examination.
As gold values continue to rise, these reserves gradually gain more influence.
Not in headlines — but in balance sheets.
Not instantly — but through gradual change.
👀 Important to monitor closely.
❤️ If you found this engaging, feel free to share your insights and help spread the information — thank you for reading!
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