Venezuela's Chavez: will nationalize gold industry

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#1 Wed, Aug 17, 2011 - 12:55pm
tread_w_care
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Venezuela's Chavez: will nationalize gold industry

https://af.reuters.com/article/metalsNews/idAFN1E77G0TO20110817

Quote:

Venezuela's Chavez: will nationalize gold industry

Wed Aug 17, 2011 4:02pm GMT Print | Single Page [-] Text [+] CARACAS, Aug 17 (Reuters) - Venezuelan President Hugo Chavez said on Wednesday he plans to nationalize the gold sector -- including extraction and processing -- and use the production to pad the country's international reserves. Chavez, speaking on state television, said he would carry out the nationalization through a decree in coming days.
Edited by: tread_w_care on Nov 8, 2014 - 5:04am
Wed, Aug 17, 2011 - 12:58pm
tread_w_care
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What Miners have assets in Venezuela?

Curious which companies we follow here have exposure.

And how long it will take for other countries to follow suit. 

"When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." - Frederic Bastiat https://en.wikiquote.org/wiki/Fr%C3%A9d%C3%A9ric_Bastiat
Wed, Aug 17, 2011 - 2:41pm
ironsky
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If production can be kept

If production can be kept high enough maybe Sean Penn and Danny Glover will be sporting some new bling.

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