Venezuela to Repatriate Up to $11 Billion Gold Reserves from U.S., Europe

Venezuela's popular democratic President Hugo Chavez said that the recall of the gold reserves is intended to help protect this oil-producing country from the economic woes in the United States and Europe, adding he wants to eliminate the "dictatorship of the U.S. dollar".
"This is a healthy decision. We're going to start to bring back our gold to the Central Bank," Chavez said in a telephone call broadcast live on state television.  Mathaba...

Chavez to nationalize Venezuelan gold industry

Venezuelan President Hugo Chavez said on Wednesday he will nationalize the gold industry, including extraction and processing, and use its output to boost the country's international reserves.

The move follows a dispute between his government and foreign miners who say the rules limiting the amount of gold that can be exported from the South American nation hurt their efforts to secure financing and create jobs.  | Reuters

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