Gold Reserve finally gets a little money from Venezuelan government

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Gold Reserve finally gets a little money from Venezuelan government by Chris Powell – GATA

By John Benny
Reuters
Friday, June 16, 2017

Gold Reserve Inc. said today it received $40 million from the government of Venezuela as part of a $1.03 billion settlement arbitrated by the World Bank for the termination of its Las Brisas gold concession in 2009.

Venezuela will pay the balance in installments over the next two years as part of an amended settlement agreement, the Canadian miner said. …

… For the remainder of the report:

https://www.reuters.com/article/us-gold-reserve-arbitration-venezuela-id…

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Chris Powell

The Gold Anti-Trust Action Committee was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments. The committee arose from essays by Bill Murphy, a financial commentator on the Internet (LeMetropoleCafe.com), and by Chris Powell, a newspaper editor in Connecticut. Murphy's essays reported evidence of collusion among financial institutions to suppress the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold mining and investor interests should act on Murphy's essays by bringing antitrust lawsuits against financial institutions involved in the collusion against gold. The response to these essays was so favorable that the committee was formed and formally incorporated in Delaware in January 1999. Murphy became chairman and Powell secretary and treasurer.