Chavez Requests His 211 MT of Gold

Venezuela recalls and demands return of its gold deposit in London, about 211 metric tonnes. Rumors abound that perhaps the physical gold is not readily available for delivery. This comes on the tail end of Louise Yamada's technical forecast on CNBC that gold would reach $5000. Could the demand for delivery by Chavez help to make this tremendous leap in gold pricing a reality? The rather limited amount of gold that has ever been mined in history versus the American debt of $14 to $16 trillion is what is pushing the gold prices through the roof.

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