That's the new one of the Venezuelan Government.
It happens that by decree, now you can acquire digital certificates for fractions of Gold Ingots, in two modalities, of 1.5 Gr and 2.5 Gr, on ingots (
) of 10 Gr.
The story is like this, the government announced, that you could buy "digital certificates" on bullion in the custody of the central bank of Venezuela (minuscules on purpose), the funny thing is that being Gold, as it has been during long a reference of stability, do not clarify how much will be available, not even certificates, not to mention ingots.
Now, in general, when we talk about asset custody, the best reference is the quality, quality and reliability of the custodian, now a custodian, who has devalued the currency, issued inorganic money and who together with the government, In an obvious political move, they try to issue an internal debt bond, you will tell me what this will end.
what can not be denied, is that creatives if they are, is like the case of scammers, if they used those skills for good, the results were surprising.
Here is an article on the subject:
https://www.bloomberg.com/news/articles/2018-08-27/venezuela-to-sell-gold-ingots-to-pensioners-as-inflation-soars
