Comments on: How to get $12 billion of gold to Venezuela A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: traducator daneza romana Mon, 29 Sep 2014 13:54:49 +0000 Awsome article and straight to the point. I am not sure if this is in fact the best place to ask but do you guys have any ideea where to employ some professional writers? Thanks in advance

By: rsksquare Wed, 23 Jan 2013 12:00:44 +0000 What is the big deal anyway ? India imports nearly 800-1000 tons of physical gold every year and China is close to that number. All this gold is used for jewelry and hence actually travels every year. Obviously, commercial modes are well established to transport physical gold in hundreds or even thousands of tons a year.

By: cphilips123 Thu, 15 Sep 2011 22:44:58 +0000 Hey, emk: Lighten up, dude. Maybe the stiffs at the Financial Times treat Chavez like a Diplomat- he’s just a tinpot dictator to the rest of the world.
Let’s all not lose sight of the fact that 211 tons of cargo is a drop in the bucket as far as weight goes- that’s six containers, give or take. Transport isn’t a problem. the problem is giving a crackpot like Chavez access to that much ready cash.
I can just see it now: A hangar with a different colored Gulfstream for every day of the week, a set of Givenchy silk pajamas with little Che Guevara heads all over them, and the mini giraffe from his Russian friend. He’d be so busy spending all that gold he wouldn’t have time to jack with the South American economy- sounds like a win to me!

By: JamesMMoore Fri, 02 Sep 2011 03:39:52 +0000 Check out this _almost completely unrelated_ but still very cool video of a couple guys pushing around a 200 ton ship: sw . 200 tons, whatever, dude :-).

By: JamesMMoore Fri, 02 Sep 2011 03:17:03 +0000 My grandfather served on the heavy cruiser USS Vincennes before and during WWII. One of their missions (right before the US entered the war) was to help rescue 200 tons of Bank of France gold from the Nazis – see lB8IC&pg=PA24&lpg=PA24&dq=vincennes+fren ch+gold+cruisers&source=bl&ots=OroY4_Evs r&sig=cvYFW3pxtl8n25sUI6Sg1HGU6qY&hl=en& ei=5EVgTofrG-vViAL6nb2mDg&sa=X&oi=book_r esult&ct=result&resnum=7&sqi=2&ved=0CEwQ 6AEwBg#v=onepage&q=vincennes%20french%20 gold%20cruisers&f=false

By: Junkman Wed, 31 Aug 2011 22:47:33 +0000 A handful of a few malnurished Somalia teenager pirates will have any ship delivered to Mogadishu.

By: ChuckV Mon, 29 Aug 2011 12:43:07 +0000 Related: “Presidente Francisco Franco is still dead”

By: emk Fri, 26 Aug 2011 19:33:29 +0000 This article lowers the average quality level of Reuters content considerably. One would expect this kind of article from a spokesperson for the US or UK governments not a Reuters blogger.

Aside from heavily pumping the western propaganda line re Venezuela i.e
– inserting quotes that suggest the Venezuelan Central bank does not know what its doing.
– calling Chavez crazy
– imputing the existence of dangerous criminal elements in the Venezuelan government.
– suggesting the Venezuelan navy can not be trusted to transport the gold
– calling this “gesture politics”
– reducing the whole issue to something Chavez is doing instead of an action of the Venezuelan government.
-All this intended to denigrate Chavez and the Venezuelans. To make them look foolish, clueless etc.

Aside from all this service to the party line, the author proposes a solution which makes no sense. If Venezuela can’t find an insurer for the gold transports how would the counter party on the repo do so? After all they would also need to do multiple shipments and those criminal elements in the Venezuelan govt would need to know when the gold is coming in anyway. They would face the same risks without the benefit of a navy of their own. Poor solution.

Obviously Venezuela can just put this on a navy ship with an escort and sail direct to Venezuela. After all if they can’t secure their gold on a navy ship, how can they secure it in Venezuela?

How does the bank of England secure the gold anyway? Or do they not have any criminal elements in that government?

And then there is the “gesture politics” cheapshot. How is Venezuela taking their gold out of the vaults of a hostile country and storing it themselves “gesture politics”?

There are umpteen examples of western countries freezing the assets of countries whose policies they don’t like. And handing them over to rebels! Venezuela is a prime candidate for that.

I’d say its a pretty wise move!


By: Independent007 Fri, 26 Aug 2011 15:10:16 +0000 By the way Felix, hats off again to an excellent article. If more at Reuters would simply inform us as to how the game is played at the HIGHEST LEVEL without the BS or sugarcoating or dumbing down of the article, you would have much more positive reviews and fewer negative ones. Us readers are not in junior high. Again great article. This was stuff I was wondering about for days, yet no one bothered to look it up and present it to the readers, except you of course. OK guys, I officially have stopped patronizing Felix. Now back to business…

By: Independent007 Fri, 26 Aug 2011 15:02:17 +0000 Yes, wasn’t it someone in England that sold half of England’s gold reserves for next to nothing? While it was at 300 or so?

Anyway, the problem that people are forgetting about is the fact that any shipment of gold would HAVE to be insured. So all scenarios talking about a submarine attack, etc, are moot.

I like the 767 or even 747/400 idea the best. It may take more trips, but it would be worth it and you would speed up the time frame for delivery and probably make more insurers rest at ease(the sinking boat torpedo theory actually sent chills up my spine, its possible). OR they just DELIVER gold FOB Caracas, and are only responsible for the gold once its tendered on Caracas soil. Just saying…