Venezuelan Gold

Discussion in 'Chit Chat' started by FCXoptions, Jun 19, 2017.

  1. Random thought here, I have heard due to the situation in Venezuela, that if you buy gold in the country (not through an official means) you can pick it up at a serious discount i.e. 50% to what it is actually worth because they are so desperate to get USD there thanks to the hyperinflation.

    Clearly this is an extremely high risk deal given the turmoil the country is in currently and the means by which you would be meeting somebody. Mainly was just curious if anybody else had heard about this/could confirm that situation? I don't have any direct contacts in Venezuela so was just kind of curious. Pretty crazy if so. But again, high probability of buying stolen or illegally obtained gold given it being such desperate times there.
  2. Hmm maybe not