Misinformation About Venezuela's Gold Reserves Is Spreading 🇻🇪

It appears that once a large finance account on X posts misinformation about Venezuela's gold reserves, many other large-following X accounts repost it without even bothering to verify the information.

Banco Central de Venezuela (BCV) doesn't have anywhere close to 161 tonnes of gold - those are numbers from 2017. BCV's balance sheet report, alongside the auxiliary notes released with it (specifically Note 7) from June 30th 2025 point at ≈53 tonnes of gold, which is less than a third of the claimed 161 tonnes of gold figure. I know this for a fact, because I checked that balance sheet statement myself.

On my feed, the incorrect 161 tonnes figure started with @KobeissiLetter post earlier today, from there, it continues to spread throughout numerous accounts, many of which have followings in the millions.

My goal is not to criticize or attack the accounts spreading this incorrect information, but to incentivize checking the information yourself before reposting/spreading it.

In a follow-up post I'll do a more detailed breakdown of BCV's balance sheet, especially in terms of gold, so stay tuned.