Comment: Chavez "viewed as a grave threat."Yup, for oil and for his gold.

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Chavez "viewed as a grave threat."Yup, for oil and for his gold.

Chavez brings home his gold
November 29, 2011 07:00

Ahead of elections, Chavez nationalizes the country's wealth.

Editor's note: This article is part of an ongoing series about the scramble for Latin American gold, which has only intensified amid the global turmoil.

CARACAS, Venezuela — Venezuela’s Hugo Chavez is going for his gold.

The first shipment of more than 200 tons of Venezuelan gold reserves returned to Caracas last Friday, with Chavez supporters dancing in the streets as tanks rolled in with armed soldiers riding on top of pallets of ingots.

Chavez had said that he planned to recall all of the country’s gold reserves — kept in the United States, Europe, Canada and Switzerland — to Venezuela.
http://www.globalpost.com/dispatch/news/regions/americas/ven...