Caputo confirms Argentina has moved some of its gold overseas

[Larry]

Another article about the moving of the Gold.

Central Bank of Argentina confirms overseas gold transfer, possibly as collateral for loans

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

www.kitco.com

No one talks about what happens if Argentina uses this gold as collateral for a loan and can't pay that loan back. The gold is gone.

 

[Finance Prof]

The Vulture funds that are owed billions of dollars in the YPF mess have asked the NY courts for information on this gold that Argentina has moved. They will move to have it seized. Whether they are successful probably isn't likely, it's still a possibility.

 

[Bill]

The Vulture funds that are owed billions of dollars in the YPF mess have asked the NY courts for information on this gold that Argentina has moved. They will move to have it seized. Whether they are successful probably isn't likely, it's still a possibility.

If something would happen to this gold I think it's safe to say that Caputo would be toast.

 

[Betsy Ross]

If something would happen to this gold I think it's safe to say that Caputo would be toast.

I seriously doubt there is any risk at all. If there was the slightest risk at all, I can't see any way they would have done this.