🚨 BREAKING: VENEZUELA’S GOLD RESERVES QUIETLY DRAINED 🚨
New data confirms a dramatic chapter in Venezuela’s economic collapse: between 2013 and 2016, the country shipped 113 metric tons of its central bank gold to Switzerland — one of the world’s biggest refining hubs — in a bid to raise hard currency during a deep crisis.
📦 Key facts:
• 113 metric tons of gold exported to Swiss refineries 🇨🇭 — valued at about 4.14 billion CHF (~$5.2 billion USD).
• Shipments stemmed from reserves held by the Central Bank of Venezuela and were part of desperate liquidity measures.
• Gold exports stopped after 2017 when tougher European Union sanctions took effect.
⏳ Why it happened:
Caught in economic freefall — with oil revenues collapsing and foreign currency scarce — the Maduro government sold off strategic gold reserves to keep the economy limping along.
❗ Why it matters:
This wasn’t routine trade — it was the liquidation of sovereign wealth in the middle of a crisis, raising urgent questions about capital flows, accountability, and where the billions truly ended up.
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