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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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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
From beemarkets.com | Jan 6, 2026
The UK government has indicated it will continue to block the return of Venezuela's $4.8 billion in gold reserves, even after the dramatic arrest of the country's autocratic ruler, Nicolas Maduro. Speaking to lawmakers, Foreign Secretary Yvette Cooper suggested London would not recognize the new leadership in Caracas, meaning the Bank of England will likely ...
From finance.yahoo.com | Jan 6, 2026
Gold edged higher as traders looked beyond tensions in Venezuela toward a busy lineup of economic data in the US. Silver rose for a third day. Spot gold climbed to near $4,450 an ounce, after rising 2.7% in the previous session following the capture of Venezuelan leader Nicolás Maduro. Uncertainty hangs over governance of the South American nation after ...
