Venezuela's central bank's gold reserves dropped 13% to a new 50-year low last year, according to financial statements published by the bank on Friday, falling 10 tonnes in 2022. The number of gold bars in the bank's vaults in Caracas sank to an equivalent of 69 tonnes at the end of December 2022. The central bank did not immediately respond to a request for comment as to where the 10 tonnes of gold moved out of the bank went.
Wondering where to shop for Valentine's Day this year? Go big with jewelry gifts from Brilliant Earth, from everyday gold staples to engagement rings.
The January rebound in equities and knockout employment report may have undermined a few buy-bitcoin narratives, but the real value proposition behind bitcoin lies far beyond Wall Street in emerging markets, where bitcoin is in strong demand.