Trump Brought Venezuelan Gold to the U.S., but Refiners Won’t Touch It - nytimes.com

Trump Brought Venezuelan Gold to the U.S., but Refiners Won’t Touch It - nytimes.com

Source: nytimes.com

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DW NOTE

Trump returned Venezuelan gold seized under sanctions, but no major refiner will process it — the metal carries reputational risk no fee can offset. Gold is fungible until it isn't. When bullion becomes a political liability, the premium Western refiners charge for legitimacy becomes infinite.

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