Wonder how that might turn out.
It may be a heads up for physical as well as etfs......
Presumably Venezuelan gold is not itself in an 'etf' format.
The problem, apparently, is 'non etf gold' is 'leased out' by central banks, just as etf gold can be. ETF holders know they do not have direct claims on a segregated bullion item.
But Venezuela may have thought they should, and why not?
So, exactly when is bullion not bullion.
Maybe someone can correct me.
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