The Kobeissi Letter|Jan 04, 2026 01:30
While everyone is focused on oil:
Venezuela currently holds 161 metric TONS of gold reserves.
161 metric tons is roughly 5.18 million troy ounces, worth ~$22 BILLION at $4,300/oz.
This makes Venezuela the Latin American country with the largest gold holdings.
Every $100 that gold rises, these holdings gain +$518 million of value.
Controlling Venezuela is set to produce hundreds of billions of revenue for the US.
Will the US take control of these gold reserves?(The Kobeissi Letter)
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