- GOLD PRICE PER TROY OZ: Norwegian Krone Code: NOK Ask: 8,108.46 Bid: 8,102.81
- GOLD PRICE PER TROY OZ: Lithuanian Litas Code: LTL Ask: 3,322.96 Bid: 3,320.65
- GOLD PRICE PER TROY OZ: Israeli Shekel Code: ILS Ask: 4,415.11 Bid: 4,412.04
- GOLD PRICE PER TROY OZ: Hungarian Forint Code: HUF Ask: 301,554.79 Bid: 301,344.82
- GOLD PRICE PER TROY OZ: Danish Krone Code: DKK Ask: 7,175.08 Bid: 7,170.08
- GOLD PRICE PER TROY OZ: Yemeni Rial Code: YER Ask: 299,849.25 Bid: 299,656.21
- GOLD PRICE PER TROY OZ: Tunisian Dinar Code: TND Ask: 2,296.18 Bid: 2,294.71
- GOLD PRICE PER TROY OZ: Syrian Pound Code: SYP Ask: 135,850.67 Bid: 135,763.21
- GOLD PRICE PER TROY OZ: Somali Shilling Code: SOS Ask: 2,023,133.60 Bid: 2,021,831.16
- GOLD PRICE PER TROY OZ: Sudanese Pound Code: SDG Ask: 6,160.19 Bid: 6,156.22
- GOLD PRICE PER TROY OZ: Qatari Riyal Code: QAR Ask: 5,088.24 Bid: 5,084.97
- GOLD PRICE PER TROY OZ: Omani Rial Code: OMR Ask: 537.37 Bid: 537.02
- GOLD PRICE PER TROY OZ: Mauritanian Ougiya Code: MRO Ask: 365,359.85 Bid: 365,124.64
- GOLD PRICE PER TROY OZ: Moroccan Dirham Code: MAD Ask: 11,962.69 Bid: 11,954.99
- GOLD PRICE PER TROY OZ: Libyan Dinar Code: LYD Ask: 1,780.75 Bid: 1,779.60
- GOLD PRICE PER TROY OZ: Lebanese Pound Code: LBP Ask: 2,101,393.52 Bid: 2,100,040.69
- GOLD PRICE PER TROY OZ: Jordanian Dinar Code: JOD Ask: 990.49 Bid: 989.85
- GOLD PRICE PER TROY OZ: Iraqi Dinar Code: IQD Ask: 1,601,216.66 Bid: 1,600,185.84
- GOLD PRICE PER TROY OZ: Algerian Dinar Code: DZD Ask: 110,648.24 Bid: 110,577.00
- GOLD PRICE PER TROY OZ: Djiboutian Franc Code: DJF Ask: 251,077.45 Bid: 250,915.81
- GOLD PRICE PER TROY OZ: Bahraini Dinar Code: BHD Ask: 526.47 Bid: 526.13
- GOLD PRICE PER TROY OZ: Czech Koruna Code: CZK Ask: 31,404.36 Bid: 31,386.55
- GOLD PRICE PER TROY OZ: Polish Zloty Code: PLN Ask: 5,051.18 Bid: 5,048.36
- GOLD PRICE PER TROY OZ: Code: Ask: 0.00 Bid: 0.00
- GOLD PRICE PER TROY OZ: Singapore Dollar Code: SGD Ask: 2,131.10 Bid: 2,129.86
- GOLD PRICE PER TROY OZ: Brazilian Real Code: BRL Ask: 2,945.92 Bid: 2,927.06
- GOLD PRICE PER TROY OZ: Hong Kong Dollar Code: HKD Ask: 13,365.98 Bid: 13,271.12
- GOLD PRICE PER TROY OZ: New Zealand Dollar Code: NZD Ask: 2,090.29 Bid: 2,089.07
- GOLD PRICE PER TROY OZ: Rand Code: ZAR Ask: 13,741.74 Bid: 13,562.33
- GOLD PRICE PER TROY OZ: Yuan Renminbi Code: CNY Ask: 10,900.27 Bid: 10,876.77
- GOLD PRICE PER TROY OZ: Yen Code: JPY Ask: 134,064.55 Bid: 133,935.00
- GOLD PRICE PER TROY OZ: Swedish Krona Code: SEK Ask: 10,947.26 Bid: 10,940.88
- GOLD PRICE PER TROY OZ: Australian Dollar Code: AUD Ask: 1,628.60 Bid: 1,626.79
- GOLD PRICE PER TROY OZ: Pound Sterling Code: GBP Ask: 1,066.41 Bid: 1,064.93
- GOLD PRICE PER TROY OZ: Malaysian Ringgit Code: MYR Ask: 5,263.11 Bid: 5,260.04
- GOLD PRICE PER TROY OZ: Vanuatu Vatu Code: VUV Ask: 159,927.33 Bid: 159,834.13
- GOLD PRICE PER TROY OZ: Swiss Franc Code: CHF Ask: 1,504.60 Bid: 1,502.87
- GOLD PRICE PER TROY OZ: Indian Rupee Code: INR Ask: 83,522.37 Bid: 83,456.56
- GOLD PRICE PER TROY OZ: Philippine Peso Code: PHP Ask: 73,355.28 Bid: 73,312.53
- GOLD PRICE PER TROY OZ: Argentine Peso Code: ARS Ask: 5,417.80 Bid: 5,397.51
- GOLD PRICE PER TROY OZ: Euro Code: EUR Ask: 1,237.57 Bid: 1,235.99
- GOLD PRICE PER TROY OZ: Mexican Peso Code: MXN Ask: 22,895.42 Bid: 22,864.94
- GOLD PRICE PER TROY OZ: United States Dollar Code: USD Ask: 1,715.04 Bid: 1,714.04
- GOLD PRICE PER TROY OZ: Canadian Dollar Code: CAD Ask: 1,733.39 Bid: 1,714.21
- GOLD PRICE PER TROY OZ: Indonesian Rupiah Code: IDR Ask: 15,123,791.85 Bid: 15,114,978.45
- GOLD PRICE PER TROY OZ: Peruvian Nuevo Sol Code: PEN Ask: 4,678.45 Bid: 4,675.72
- GOLD PRICE PER TROY OZ: Colombian Peso Code: COP Ask: 3,754,390.59 Bid: 3,739,947.34
- GOLD PRICE PER TROY OZ: Kuwaiti Dinar Code: KWD Ask: 467.86 Bid: 466.73
- GOLD PRICE PER TROY OZ: Producer index Code: PROD IDX Ask: 74.16 Bid: 74.16
- GOLD PRICE PER TROY OZ: Russian ruble Code: RUB Ask: 132.63 Bid: 132.63
- GOLD PRICE PER TROY OZ: Vietnamese dong Code: VND Ask: 1,841,196.88 Bid: 1,841,196.88
- GOLD PRICE PER TROY OZ: Egyptian pound Code: EGP Ask: 994.64 Bid: 994.64
- GOLD PRICE PER TROY OZ: Consumer index Code: CONS IDX Ask: 48.27 Bid: 48.27
- GOLD PRICE PER TROY OZ: Turkish lira Code: TRY Ask: 0.10 Bid: 0.10
- GOLD PRICE PER TROY OZ: Korean won Code: KRW Ask: 107,409.78 Bid: 107,409.78
- GOLD PRICE PER TROY OZ: Thai baht Code: THB Ask: 4,452.10 Bid: 4,452.10
- GOLD PRICE PER TROY OZ: UAE dirham Code: AED Ask: 850.82 Bid: 850.82
- GOLD PRICE PER TROY OZ: G5 currency index Code: G5 CCY Ask: 78.26 Bid: 78.26
- GOLD PRICE PER TROY OZ: Saudi riyal Code: SAR Ask: 735.19 Bid: 735.19
-
Chavez Announces Plan to Recall Venezuela's Foreign Gold Deposits
11/29/11
In what is being viewed as a predominantly political move, Venezuelan President Hugo Chavez announced his intention to recall all of his country's foreign gold reserves.
Last week, the first shipment (more than 200 tons of gold) arrived in Caracas as Chavez supporters danced in the street amid armed soldiers. Venezuela has gold reserves in Europe, Canada, Switzerland and the United States.
In some circles, the recall is being denounced as little more than an attempt by Chavez to fill his coffers and stir up nationalist pride in advance of the next election. Chavez, however, prefers to cast it as a move to end the "dictatorship of the U.S. dollar." In fact, he even offered to loan the United States money last August at his birthday celebration.
Some analysts also believe that Chavez, paranoid about being ousted from power, recalled the gold before it could be frozen or seized by foreign powers.
Chavez plans to "repatriate" all of Venezuela's foreign gold deposits (365 tons of gold worth more than $20 billion) and nationalize the country's domestic gold trade. Because of exorbitant insurance premiums, shipping that much gold across the world is an extremely costly endeavor.
At home, Chavez is working to nationalize the gold trade. Venezuela extracts more than 20 tons of gold each year, with around half of that unearthed by illegal mining. By stamping out this illegal trade and folding Rusoro (the country's only publicly traded mining company) into its state gold company, Venezuela will significantly increase its gold holdings.
PAGES:
