LONDON, 3 July 2011 - Analysis from online gold trading service BullionVault features today in British tabloid the Daily Star's report on Libyan dictator Colonel Gaddafi's civil-war financing.
"Mad dog Colonel Gaddafi is smuggling bullion into Britain to fund his murder spree, the Daily Star Sunday can reveal," says the red top paper.
"Gold coins stamped with the tyrant's face and Audemars Piguet watches worth up to £100,000 have been sneaked into the UK. And the crazed despot is plotting to use the cash from sales to buy arms for his war."
UK customs officers have reportedly seized luxury watches and "scores of coins" smuggled from the oil-rich North African country, "but hundreds more are believed to have slipped through," claims the Star.
Speaking about what The Star calls Libya's "eye-watering" £4 billion worth of official gold reserves, "I would be surprised if the gold was still in Tripoli," the paper quotes a BBC interview with Adrian Ash, BullionVault's head of research, first broadcast in March.
"It will be somewhere tucked away. So I don't think it's going to be particularly easy...for Gaddafi to convert his gold wholesale. He is going to have to find a friendly regime and they will need to be in a position to get it physically out of Libya."
You can read The Daily Star's report here...
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