🚨 BREAKING: Venezuela’s Gold Reserves Drained 🚨
113 metric tons of gold — gone.
New data confirms that Venezuela quietly shipped massive amounts of its gold reserves to Switzerland during the early years of Nicolás Maduro’s rule. �
📦 Key facts:
• 📉 113 metric tons shipped to Swiss refineries — the equivalent of roughly 4.14 billion Swiss francs (~$5.2B USD). �
• 🇨🇭 Sent to Switzerland — one of the world’s largest gold-processing hubs. �
• ⛔ No exports after 2017 — EU sanctions on Venezuela stopped the gold flow. �
⏳ Why it happened:
With Venezuela’s economy in freefall and foreign currency drying up, the government tapped its gold reserves for hard cash — converting one of the nation’s last financial backstops into liquidity. �
🛑 What halted it:
European Union sanctions in 2017 and subsequent Swiss adoption effectively ended the gold exports from Venezuela to Switzerland. �
❗ Why it matters:
This wasn’t ordinary trade — it was the liquidation of sovereign gold reserves during a national economic crisis. The impact on national wealth and economic stability was massive. �
🧠 Unanswered questions remain:
• Who benefited most from these transfers?
• Where did the proceeds actually go?
• Why were vital state assets depleted while citizens continued to suffer?
👀 Market watch:
This isn’t just about gold —
It’s about capital flows, systemic crisis, and power behind closed doors
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