NATO in Libya: Besides the Oil, Is It Also a Gold Robbery?
NATO in Libya: Besides the Oil, Is It Also a Gold Robbery?
May 17th, 2011
Pookie let me know about issue #5 of The Gold Standard (.pdf), which includes an interesting comment from this Wall Street Journal piece about Gaddafi’s vast gold holdings. The comment is no longer posted at the Wall Street Journal:
PvC from Belgium comments on Wall Street Journal Blog: “It seems to me that the war in Libya is not only an oil grab anymore, but a gold grab as well. It is reported that Libya’s central banks are hoarding 140+ tons of gold. The central banks are in three locations. Two of them were attacked. Too many coincidences piling up here…”
Here’s some more info on the gold via BBC:
The IMF data show Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At current market prices the value is over $6bn.
Leave a Reply