Don’t Be Fooled: Libyan Gold is the Real Motive

Posted on Friday, 26th August 2011 @ 06:42 AM by Text Size A | A | A

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The Battle For Libya Is Almost Over…
As Is The Battle For Its 144 Tons Of Gold

Tyler Durden's picture

Submitted by Tyler Durden on
08/21/2011 18:42 -0400

Following a 6 month stalemate in which neither
side had attained any advantage, it suddenly took just a few days for
the Libyan rebel forces to steamroll unopposed into Tripoli. While we
are confident that the political aftermath of this outcome will be very
much comparable to what is happening in Egypt right now, many wonder why
it is that the Libyan situation has progressed with such speed. Perhaps
the answer can be found in the 143.8 tons of gold held by the Libyan
Central Bank. Granted it is nowhere near close the 366 tons of gold that
Venezuela supposedly has per the WGC, most of it likely held offshore
and not being repatriated, the question of where the global gold cartel
may find some of the much needed physical to satisfy Chavez’ demands has
been now answered. Of course we assume that said gold has not already
departed Libya in direction Caracas over the past 6 months. Which, in
retrospect, we probably should, as it would explain why gold is now at
$1875 and rapidly rising.

and gold:

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