Hugo Chavez Nationalizes Venezuelan Gold Industry, Demands 211 Tons Be Returned From Abroad - JPMorgan, Bank Of England & ETFs Scramble For Physical Metal http://online.wsj.com/article/SB10001424053111903392904576512961180570694.html

Venezuela plans to transfer billions of dollars in cash reserves from abroad to banks in Russia, China and Brazil and tons of gold from European banks to its central bank vaults, according to documents reviewed Tuesday by The Wall Street Journal.The planned moves would include transferring $6.3 billion in cash reserves, most of which Venezuela now keeps in banks such as the Bank for International Settlements in Basel, Switzerland, and Barclays Bank in London to unnamed Russian, Chinese and Brazilian banks, one document said.Venezuela also plans to move 211 tons of gold it keeps abroad ...

Venezuela to Repatriate Up to $11 Billion Gold Reserves From U.S., Europe http://www.bloomberg.com/news/2011-08-17/venezuela-to-repatriate-up-to-11-billion-gold-reserves-from-u-s-europe.html

“It’s a healthy decision to bring the gold back to Venezuela,” Chavez said.

[ALSO SEE...Venezuela to Double Gold Production http://www.vattal.com/news/venezuela-to-double-gold-production/

[AWAITING CONFIRMATION FROM VENEZUELA OFFICIALS..YOU KNOW HOW WSJ LOVES TO TARGET VENEZUELA...IF FACTUAL..THE INTERNATIONAL BANKS INVOLVED MUST BE TREMBLING..