Why would this worry you more? Price of gold ~$900. Cost of extraction ~$500 (majority of which has to be paid in Bolivar, labor, power, gas...) taxes, social projects ~$200 (also paid in Bolivar) ($500+$200)/$900 > 0.7..... These are high numbers of course, but they are approximately right.

So, if we were allowed to sell 100% of the gold in the international market, we would have exchange loss to get dollars, then we have to exchange it back for Bolivar and have exchange loss again vs. selling gold directly to the VZ market at international price in Bolivar... Unless you are suggesting kry go through the black market, there is no real lost.... Well, maybe if gold goes up a lot, then we are stuck with a lot of Bolivar that we would have to invest locally...

But then again, I didn’t buy this stock to speculate gold going up, I brought this stock because gold *already went up*….