Real gold passes $2000 per ounce as Venezuela demands 200 tonnes back from Western Banks

1 oz Gold American Eagle - Random Year
	As low as $97.99 per coin over spot! This coin comes in Brilliant Uncirculated condition. Dates are of our choice, a... view more Average Rating Availability: Now APMEX Buy Price - $1,932.90	Volume Pricing: Qty Check or Wire Credit Card 1 - 19 $2,002.89 $2,062.98 20 - 99 $1,997.89 $2,057.83 100 or more $1,992.89 $2,052.68
Ask an Expert | Product Details | Product Video | Reviews

Chavez Emptying Bank of England Vault as Venezuela Brings Back Gold Hoard.

In all, Venezuela has 365.8 metric tons of gold reserves, according to the World Gold Council. Photographer: Kerem Uzel/Bloomberg

Venezuelan President Hugo Chavez ordered the central bankto repatriate $11 billion of gold reserves held in developed nations’ institutions such as the Bank of England as prices for the metal rise to a record.

Venezuela, which holds 211 tons of its 365 tons of gold reserves in U.S., European, Canadian and Swiss banks, will progressively return the bars to its central bank’s vault, Chavez said yesterday. JPMorgan Chase & Co. (JPM), Barclays Plc (BARC), and Standard Chartered Plc (STAN) also hold Venezuelan gold, he said.

AT THE SAME TIME: WALL STREET CONTINUES TO PLUNDER US PAPER MONEY:

Wall Street Aristocracy Got $1.2 Trillion in Fed Loans

Aug. 22 (Bloomberg) -- The Federal Reserve's unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money. The largest borrower, Morgan Stanley, got as much as $107.3 billion, while Citigroup Inc. took $99.5 billion and Bank of America Corp. $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress. Erik Schatzker and Sara Eisen report on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.

By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.