Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: TheSlowLane	8/24/2011 7:17:37 AM
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Latest from Rickards at KWN: “People are aware of the story but I think it’s under-appreciated. Meaning, I’m not sure the full implications of this have sunk in. They have about $6.3 billion of cash and a little more than 200 tons of gold worth $11 billion, so it’s quite a bit of wealth. Hugo Chavez is moving his cash out of the Bank for International Settlements (BIS), which is the central bankers central bank. And he’s moving it to Russian, Chinese and Brazilian banks. So he’s basically getting out of the Western banking system, moving into the communist, Russian and Latin American banking system.” kingworldnews.com ----- Latest from Ben Davies: kingworldnews.com

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