Argentina's $4.5 billion in gold reserves mysteriously vanished overnight, fueling suspicion and intrigue as President Milei's administration admitted to moving some of it abroad without giving clear details on how much, where, or why. The government claims it's safer to store the gold overseas to earn interest, possibly in London or Basel, but critics worry about potential seizures due to legal disputes with foreign creditors. With Argentina facing financial instability, the gold might be used as collateral for loans, but many fear the country could lose it, likening the move to pawning precious family heirlooms.
As Argentina’s economic situation spirals, the government of President Javier Milei is eyeing an unconventional source of salvation: a massive loan from Saudi Arabia's Sovereign Fund, one of the largest and most powerful in the world, boasting a staggering $925 billion in assets. While such a move could inject the much-needed cash to stabilize Argentina’s finances, th...
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