Venezuela Opens Gold Vault for BofA Analyst to Count Bars
By GCRU Gold News on Thursday, September 25 2014, 00:59 - Permalink
Francisco Rodriguez, an economist with Bank of America Corp., was at a routine meeting with Venezuelan central bank officials last week when he sprung an unusual question on them: Can you show me your gold?
Rodriguez got his glimpse at the gold on Sept. 17, when he said he and four other people who attended the meetings at the central bank were led by an official in a white lab coat to a set of elevators with reinforced doors. Once it opened, some two or three floors underground, the vault was open for inspection under the watchful eye of security guards.
Inside were about five compartments, similar to jail cells but smaller, where different types of gold bars were stacked, Rodriguez said. Signs indicated how much gold was stored in each cell in ounces.