As of today, Venezuela's gold reserves constitute $26.26 billion. Therefore, for these reserves to grow by $18-20 billion, world oil prices should stay at the level of $50. At present there is no reason why oil prices should go down, noted H. Chavez.
At the same time, Venezuela's president negatively assessed the prospects of oil prices going up to $100. He said that such high oil prices would create problems, and first of all for the petroleum producing countries.