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Flight of the bullions: Why did Maduro move gold to Switzerland?
Ten years ago, Venezuela secretly shipped gold worth almost 4.7 billion Swiss francs (€5.05bn) from the South American country's reserves with the intention of melting it down and selling it internationally. Over a period of five years, Venezuela airlifted 127 tonnes of gold to Switzerland, which was later traced by Swiss customs who register and report all imports and exports to the country. Switzerland is a leading international hub for gold and by value, has been the largest importer and exporter of gold in the world, with Swiss customs data showing huge inflows and outflows in recent years. Crucially for a ... (full story)
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From youtube.com/bnnbloomberg|Jan 7, 2026Kenneth Hoffman, head of commodity strategy at Red Cloud Securities, joins BNN Bloomberg to discuss precious metals and the demand for copper in 2026.
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- Jan 7, 2026 7:25pm Posted byFundamental Analysis359
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