This is the best tl;dr I could make, original reduced by 82%. (I'm a bot)

Sure enough, just a day later, Reuters writes that Venezuela's central bank has begun negotiations with the suddenly troubled Deutsche Bank to carry out gold swaps "To improve the liquidity of its foreign reserves as it faces heavy debt payments this year", payments which it won't be able to fund unless it manages to "Liquify" its gold.

Technically, gold swaps allow central banks to receive cash from financial institutions in exchange for lending gold during a specific period of time.

Here is the punchline: "One of the sources said the central bank has taken an unspecified amount of gold out of the country so that it can be certified, which is required for gold that is used in such swaps. The gold lost its"certificate of good delivery" in 2011 when Chavez transferred it from foreign banks to central bank coffers, one of the sources said.

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