The Kobeissi Letter|Mar 05, 2026 03:08
BREAKING: President Trump has brokered a "multimillion-dollar" gold deal between the US and Venezuela, per Axios.
Details include:
1. Venezuela's state-owned mining company, Minerven, agrees to sell up to 1,000 kilograms of gold destined for US markets
2. Trafigura will "shepherd" the gold to US refineries under a separate arrangement with the US government
3. The contract calls for 98% final gold content, sources say
4. The deal could be worth more than $150 million
The US is eying Venezuela's gold.(The Kobeissi Letter)
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