Many folks overlook that Venezuela not only has oil but also a huge amount of untapped gold. Although Venezuela claims its underground gold reserves are about 8,000 tons, this data hasn’t been confirmed. If verified, it would make Venezuela one of the countries with the largest gold reserves in the world. The U.S. wouldn’t just collaborate with Venezuela on oil extraction but also on gold and rare earth mining. Additionally, the Venezuelan central bank holds 161 tons of gold.