The recurring theme of Venezuela issuing a bond “backed” by gold March 31, 2010 Periodically, the geniuses that manage Venezuela’s finances return to the idea that they can somehow issue a bond “backed” by gold production and that this will make it different, special and the country would have to pay less because of such guarantee. The idea was being kicked around last year, so that the Corporacion Venezolana de Guayana (CVG) could issue gold bonds, without having to pay an outrageous coupon on the bond. Since Venezuela yields like 12-13% and PDVSA 13-15%, imagine if CVG which loses money Seguir leyendo