You are here
Maduro is using Queen Elizabeth's letters in fight over Venezuelan gold
So just have the queen send Maduro another letter, this one urging him to drop dead.
* * *
By Samy Adghirni, Fabiola Zerpa, and Jeremy Hodges
Bloomberg News
Friday, August 5, 2022
Venezuela's government has produced letters apparently signed by Queen Elizabeth II to bolster its claim to more than $1 billion of gold stored in the Bank of England.
The diplomatic correspondence is evidence that the UK recognized Nicolas Maduro as Venezuela's president, said Calixto Ortega, the head of Venezuela's central bank.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Produces Silver and Gold in the United States and Mexico
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company owns and operates the San Dimas silver and gold mine, the Jerritt Canyon gold mine, the Santa Elena silver and gold mine, and the La Encantada silver mine. In 2022 these mines are projected to produce between 32.2 to 35.8 million ounces of silver equivalent with an all-in sustaining cost of $16.79 to $18.06 per payable silver-equivalent ounce.
For more information about the company, visit:
https://www.firstmajestic.com/
The company offers a portion of its silver production for sale to the public. Bars, ingots, coins, and medallions are available for purchase online at First Majestic's bullion store at some of the lowest possible premiums:
https://store.firstmajestic.com/
This undermines a ruling by a judge in London last month that denied Maduro's administration control of the bullion, Ortega said Thursday in a rare interview. The UK's issuance of visas to Maduro's officials also strengthens the government’s case, Ortega added.
Opposition figure Juan Guaido is also trying to claim control of the gold in the long-running legal battle, after the UK recognized him as Venezuela's president in 2019. The Maduro government has said it will appeal the most recent court ruling.
"Three letters signed by the Queen make for an official position," Ortega said in Paris, while returning to Caracas from London, where he discussed the issue with his lawyers. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 12-15, 2022
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
https://neworleansconference.com/wp-content/uploads/2022/07/NOIC_2022_powellgata.html
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
