- Entry
- $103.53
- Now
- $91.33 -11.8%
- Target
- —
- Score
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Venezuela was actively brokering deals to sell oil to BRICS nations. BRICS being a huge part of the recent spike in gold prices and in the process of developing a gold backed alternative to the US petrodollar/USD (the "unit"). The damage these deals would have done to a dollar already weakened by the administration's trade policies would have been substantial. The long term knock-on effects would have been disastrous. The US invades Venezuela. No more deals. Problem solved. What's not …
— ORIGINAL POST ·
What Venezuela means for Gold
· r/wallstreetbets
· Jan 6, 2026