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Caribbean-Latin America
Venezuela is raiding its gold vaults and handing tons of bars to its long-time ally Iran
2020-05-01
[PUBLISH.TWITTER]
Posted by:Fred

#22  ^ 30% "commission"
Posted by: Lex   2020-05-01 21:26  

#21  To take it further, it would enrage the Venezuelans to find out, maybe they didn't even need the Iranian 'assistance'.
Posted by: Dron66046   2020-05-01 20:28  

#20  That's what I think.
Posted by: Dron66046   2020-05-01 20:26  

#19  Dron, divide the $150M between Maduro's private offshore accounts and corresponding allocations to key persons in Iran.
Posted by: KBK   2020-05-01 20:10  

#18  Venezuela's exports to India decreased by 15% when the sanctions kicked in. Last year Indian Oil and Reliance too found new partners elsewhere. That's the majority of the business. America's Chevron too is leaving soon. Maduro was thwarted when the UK took a third of his gold last year, at Trump's behest.

It was anticipated, that Iran would have to be paid for assisting Venezuela's oil and manufacturing industries. Hardware, machines and infrastructure worth more than $300 million were delivered, on Iranian Mahan Air flights. These would be difficult to pay for, and it's believed it had already been agreed Maduro would pay with the dwindling gold.

The mystery is, about $500 million in bullion is reported to have been given to Iran in the article. But all the Iranian help to Maduro till date, comes to about $ 350 million, give or take a few.
Posted by: Dron66046   2020-05-01 19:21  

#17  ^Why not buy missiles directly from Norks?
Posted by: g(r)omgoru   2020-05-01 16:23  

#16  Or...missiles?
Posted by: Frank G   2020-05-01 15:44  

#15  Hired thugs? Pistachios? Flying carpets?
Posted by: Frank G   2020-05-01 15:44  

#14  maybe Iran isn't really where the money's going to. Maybe they're just a waypoint.

Thing, once the gold in Iranian hands, Xi and a legion of demons couldn't pry it out.
Posted by: g(r)omgoru   2020-05-01 15:04  

#13  I would think China would be knocking on their door,demanding payment,before the gold is in Iran's hands.
Posted by: bbrewer126    2020-05-01 14:55  

#12  Maybe weapons...

maybe Iran isn't really where the money's going to. Maybe they're just a waypoint.
Posted by: Thing From Snowy Mountain   2020-05-01 14:53  

#11  Maybe buying weapons?
Posted by: g(r)omgoru   2020-05-01 14:07  

#10  If it were China they were sending the gold to, I’d understand — China advanced Chavez money some years ago against X amount of future oil sales at a fixed price that was then below market... but now is not. Sending it to Iran makes no sense.
Posted by: trailing wife   2020-05-01 14:02  

#9  To what end?

Bailout Lebanon

Buy into the undersea gas field
Posted by: Skidmark   2020-05-01 13:38  

#8  To what end?


IMF, Iranian Monetary Fund
Posted by: Skidmark   2020-05-01 10:56  

#7  Time to raid some treasure galleons.
Posted by: DarthVader   2020-05-01 09:53  

#6  You mean like the Obama Administration?
Posted by: DooDahMan   2020-05-01 07:51  

#5  Iran does seem to have a knack of getting corrupt regimes to give then Cash, Gold,....
Posted by: Airandee   2020-05-01 07:20  

#4  To what end?

One thought. Attempting to completely bankrupt the nation thus hindering a new government.
Posted by: Woodrow   2020-05-01 07:11  

#3  For some obscure reason this reminds of that scene in Better Call Saul where Kim has to explain to the drug lord that if the only guy he can trust with his money is Saul, he needs to go back to the drawing board.
Posted by: Cesare   2020-05-01 07:05  

#2  But that's o.k. Venezuela isn't real socialism. Bernie said so.
Posted by: Clem   2020-05-01 05:44  

#1  In return for what - camel piss CV19 cure?
Posted by: g(r)omgoru   2020-05-01 03:09  

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