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Message: Now you may have your permit.

Now you may have your permit.

posted on May 12, 2009 07:57PM

Now that venezuela has proclaimed the "Sell Gold To Me Law" and made it practically uneconomical for companies to mine gold in Venezuela, they now can issue the permits that Gold Reserve and Crystallex were waiting for. With permits issued Venezuela can say that they have removed the permit issue as an argument.

What they have done is replaced one impediment with another. Now you can build but you can not make reasonable profit, the profit and most of the gold belongs to us even if you have a concession.
That is how a government legalizes theft.

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