đ¨ #BREAKING : VENEZUELAâS GOLD DRAIN EXPOSED â 113 TONS VANISHED! đ˘ď¸đĽ
New data from Swiss customs and Reuters reveals that Venezuela shipped a massive 113 metric tons of gold to Switzerland between 2013â2016 under NicolĂĄs Maduroâs early leadership â worth roughly $5.20 billion (4.14 b CHF). This gold came from the Central Bankâs reserves at a time when the country was trying to raise hard currency amid severe economic collapse and sanctions.
đŚ Key facts:
⢠113 metric tons of gold shipped to Swiss refineries.
⢠Valued at around $5.2 billion.
⢠The exports stopped after 2017 when EU sanctions (later adopted by Switzerland) cut off the channel.
⢠Switzerland has now frozen assets linked to Maduro and associates following his capture.
đ§ Why this matters:
This was not regular trade â it was distress selling of national gold reserves during economic collapse. Huge questions linger:
â Where did the money go?
â Who benefited from these sales?
â What does this mean for Venezuelaâs economic recovery?
Market spin â watch: Gold price action, risk sentiment shifts, and sovereign risk perception⌠could this redefine how markets price political tail risk and commodity reserve depletion? đ