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Why US strategic calculations are turning to Venezuela’s gold, coltan and nickel
Venezuela is globally known for holding the world’s largest proven oil reserves, accounting for about 17% of global crude reserves. But oil is not the only part of the country’s vast natural endowment. Rich deposits of gold, nickel, bauxite, and coltan give Venezuela enormous mineral potential, one that has increasingly drawn the attention of the United States and other global powers. Official estimates suggest Venezuela holds more than 8,000 tonnes of gold resources, placing it among the most resource-rich nations in the world. Yet decades of mismanagement, corruption, and weak institutions have left much of ... (full story)
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From @realDonaldTrump|Jan 6, 2026|98 comments
I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America. This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States! I have asked Energy Secretary Chris Wright to execute this plan, immediately. It will be taken by storage ships, and brought directly to unloading docks in the United States. Thank you for your attention to this matter! DONALD J. TRUMPPRESIDENT OF THE UNITED STATES OF AMERICA
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- Jan 6, 2026 4:33pm Posted byFundamental Analysis176
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