As Venezuela Reopens, Peter Schiff Says Gold Is The Real Story

While markets are fixated on Venezuela's oil reopening, a quieter — and potentially far more explosive — asset sits in the background: gold. Venezuela holds roughly 161 metric tons of gold, noted The Kobeissi Letter on X, making it Latin America's largest sovereign holder.With gold now north of $4,400 an ounce, those reserves are suddenly worth over $22 billion, and every incremental move higher meaningfully boosts the country's balance sheet. In a world where geopolitical control increasingly overlaps with ...