Bank of England refusing to return 14 tons of Venezuala Gold

[scotslad]

An estimated 14 tonnes, Over $550m worth of Gold has NOT been returned to the south american country as the bank of England tries all sorts of tactics and delays.

Eeee me. With hyperinflation at 1m% - imagine the impact of that

More here: https://uk.reuters.com/article/us-venezuela-gold/venezuela-officials-seek-meeting-with-bank-of-england-over-gold-repatriation-sources-idUKKBN1O51II

Different slants on the story can be found elsewhere online too ;)

[A Voice from the Mountains]

Repatriating gold from international bankers has become a game of musical chairs. Lots of countries have been demanding their gold deposits back lately, and it seems it isn't all there anymore.

Transferred through fraud into hidden accounts?

[ripple]

I doubt that the BOE has much direct interest .
However , if they are being ordered to act on behalf of America and as a consequence of the Five Eyes Agreement , all becomes much clearer . imho

[ramus]

My question is how much of this is collateral for loans in default ? The banks know how to confiscate wealth, looks like.. "The Economic Hit Man " ..( book)..was there.

[ramus]

Here's the answer:

Venezuela and PDVSA are in default on a combined total of $52 billion in bonds as a result of failure to make some $2.3 billion in interest payments, according to Thomson Reuters data and local financial consultants.Apr 18, 2018.

1 ton of gold at $2000 an once = $64.3 million x 14 tonnes = $900.3 million .... gold is about $1220.00 an once as of 12-21-18.

https://www.google.com/search?source=hp&ei=a48fXND-NeTbjwTe1JKYCA&q=venezuela+debt+default&oq=Venezuala+debt&gs_l=psy-ab.1.6.0i10l10.3514.11511..16644...1.0..0.121.1012.11j1......0....1j2..gws-wiz.....0.26bkKQwr3Ro

[A Voice from the Mountains]

Venezuela and PDVSA are in default on a combined total of $52 billion in bonds as a result of failure to make some $2.3 billion in interest payments

Venezuela's capitalism has finally caused them to collapse. Socialist revolution when?

:ROFL:

[ExomatrixTV]

1575170476070305792

[Brigantia]

1575170476070305792

I'm sorry, have I missed something?

This report is about the Bank of England's intervention to try to sort out the mess caused by the budget, so how does that mean that the BoE has "fallen"? I assume they mean the BoE, as the title says "The bank in England".

Clickbait title, it seems.