Dumping the dollar: Record gold price justifies Moscow’s choice to abandon greenback & bet on precious metal

Washington’s weaponization of the dollar in an effort to crush Russia’s economy seems to be backfiring. The policy encouraged Moscow to pivot to gold and this week the cost of an ounce broke the $2,000 barrier for the first time. … Read More >Dumping the dollar: Record gold price justifies Moscow’s choice to abandon greenback & bet on precious metal

UK court recognizes Juan Guaido as ‘unequivocally’ Venezuela’s president in legal fight for tons of gold

The UK High Court has ruled that Venezuela’s legitimate president is in fact its self-proclaimed leader Juan Guaido, and not the elected Nicolas Maduro, in a bizarre legal battle for $1 billion of gold bullion. … Read More >UK court recognizes Juan Guaido as ‘unequivocally’ Venezuela’s president in legal fight for tons of gold

Battle for the Gold: Venezuelan Rivals President Maduro and Western-Backed Guaido Tussle for Power

Venezuela’s Central Bank filed a claim in a commercial court in London earlier in June to force the Bank of England to transfer some $1.13 billion-worth of its gold, stored there for safekeeping, to enable President Nicolas Maduro to fund Caracas’s COVID-19 pandemic response. … Read More >Battle for the Gold: Venezuelan Rivals President Maduro and Western-Backed Guaido Tussle for Power