Venezuela looks to gold to help salvage its stricken economy

As a combination of a sectoral performance crisis coupled with unrelenting US economic pressure continually reduces Venezuela’s once powerhouse oil & gas sector to the status of an unreliable economic asset, pressure to find options is reportedly compelling the country, increasingly, to look to gold as an economic life raft.
 Back in August, sections of the international media were reporting that what has traditionally been a limited but nonetheless lucrative gold-mining industry in Venezuela is beginning to grow at a noticeable rate.

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