Venezuela, whose oil US President Donald Trump admired, also has large gold reserves.
Modern.az reports, citing foreign media, that Venezuela, targeted by the US, is one of the world's richest countries in terms of underground resources.
The giant deposits hidden in the depths of Venezuela are full not only of energy resources but also of the most precious metals. Venezuela, the pearl of Latin America, is considered a treasure closely monitored by the US.
According to the country reports of the World Gold Council, Venezuela's total gold production in recent years (2023–2024) has been between 20-40 tons per year.
According to the balance sheet of the Central Bank of Venezuela, as of the end of 2024, the amount of gold held in the country's reserves was reported to be approximately 53 tons.
US President Donald Trump claimed the following at a press conference he held yesterday:
“We will attract major US oil companies to Venezuela; they will spend billions of dollars on repairing the oil infrastructure and will start making money for the country.”
