Bank Of England Refuses To Release Venezuela’s Gold

Original post

Three days ago, when we reported that following Trump’s latest sanctions targeting Venezuela’s gold sector president Maduro was seeking to repatriate all of Venezuela’s gold – some 14 tons – held at the Bank of England, we cautioned that since the BoE “sought to clarify what Venezuela wants to do with the gold”, this suggested that despite Venezuela being the rightful owner of this gold, Venezuela was about to face challenges in getting it back.

Today, the worst case – for Venezuela’s president – was confirmed, when the Times reported that the Bank of England has “refused to release the gold bars” worth just

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