Data reveals historic shipments of Venezuelan gold to Switzerland

Venezuela delivered 127 tons of gold to Switzerland 10 years ago in an act of desperation to avoid bankruptcy, according to analysis of customs data by Swiss public broadcaster RTS. +Get the most important news from Switzerland in your inbox Between 2012 and 2016, Venezuela discreetly transferred part of its gold reserves to Switzerland for processing, certification, and subsequent transport. This is one of the largest gold shipments in recent decades. Since 2017, no more gold from the South American country has arrived in Switzerland. + Tariff negotiations highlight Swiss rfole as global gold hub The haul of gold was worth nearly CHF4.7 billion at the time. The shipments took place under the regime of the now-imprisoned former president, Nicolás Maduro. While the government has remained silent regarding the gold transfer, the deliveries have been proven thanks to Swiss customs statistics. Imports and exports are recorded by customs authorities. The gold delivered to Switzerland ...