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

Posted By admin On August 22, 2011 @ 3:46 am In Featured Stories,Money Watch,Tile | Comments Disabled

Zero Hedge [1]
Aug 22, 2011

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.

The Battle For Libya Is Almost Over... As Is The Battle For Its 144 Tons Of Gold Screen%20shot%202011 08 21%20at%206.35.16%20PM

and gold:

The Battle For Libya Is Almost Over... As Is The Battle For Its 144 Tons Of Gold Screen%20shot%202011 08 21%20at%206.44.02%20PM [2]

The Battle For Libya Is Almost Over... As Is The Battle For Its 144 Tons Of Gold 150709banner2 [3]


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/battle-libya-almost-over-battle-its-144-tons-gold

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Screen%20shot%202011-08-21%20at%206.44.02%20PM.png

[3] Image: http://www.prisonplanet.tv/

[4] Chavez Nationalizes Venezuela’s Gold Industry, Recalls Hundreds of Tons of Gold Held Abroad, May Cause a Scramble for Physical Gold From JP Morgan and Others: http://www.prisonplanet.com/chavez-nationalizes-venezuelas-gold-industry-recalls-hundreds-of-tons-of-gold-held-abroad-may-cause-a-scramble-for-physical-gold-from-jp-morgan-and-others.html

[5] Tunisia Central Bank Admits It Is Missing 1.5 Tons Of Gold: http://www.prisonplanet.com/tunisia-central-bank-admits-it-is-missing-1-5-tons-of-gold.html

[6] Chart Of The Day: Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons: http://www.prisonplanet.com/chart-of-the-day-chinese-november-gold-imports-soar-to-91-tons-2012-total-720-tons.html

[7] Gaddafi regime sold 29 tons of gold: http://www.prisonplanet.com/gaddafi-regime-sold-29-tons-of-gold.html

[8] Gold Tumbles As IMF Reaffirms Plan To Sell 191.3 Metric Tons Of Gold Over Time in Phased “On-Market” Gold Sales: http://www.prisonplanet.com/gold-tumbles-as-imf-reaffirms-plan-to-sell-191-3-metric-tons-of-gold-over-time-in-phased-on-market-gold-sales.html

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