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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: Exxon Wins $749M for Nationalized Venezuela / Paying only $255-million

CTW,

You need to read your own history mate...gold is subject to "eminent domain", for example in 1933...

"Executive order: By virtue of the authority vested in me by Section 5(B) of the Act of Oct. 6, 1917, as amended by section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; that the continued private hoarding of gold by subjects of the Untied Sates poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people.

Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government. All safe deposit boxes in banks or financial institutions have been sealed, pending action in the due course of the law. All sales, or purchases, or movements of such gold, within the borders of the United Sates and its territories, and all foreign exchange transactions or movements of such metals across the border are hereby prohibited.

Your possession of these proscribed metals and/or your maintenance of a safe deposit box to store them is known to the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service.

By lawful Order given this day, the President of the United States"

BTW "eminent domain" is a term used only in the USA, in other countries it's called "compulsory purchase", or "expropriation" generally. There are many other examples of governments expropriating gold in the "national interest"

NZranger

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