from Silver Doctors:
An “event of default” had occurred due to the sanctions, as established in agreements underpinning the gold swap deals. Here’s more…
by Chris Powell of the Gold Anti-Trust Action Committee (GATA)
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Venezuela Loses $1.4 Billion of Gold to Banks for Guarantees, Sources Tell Reuters
By Corina Pons and Mayela Armas
CARACAS, Venezuela — Citibank and Deutsche Bank have taken control of around $1.4 billion of Venezuelan government gold, which they received as guarantees for loans, as a result of U.S. sanctions on the Venezuelan Central Bank, according to five sources.