This is the beginning of the end for the CRIMEX.
~ Checkmate ~
Does anyone know when this thing goes live (available for trading in the West)?
I wouldn't bet on it. The latest gold suppression efforts appear to have started on the HKMEx.
The most likely way for this to end will be an explosion when the gold and silver vaults are found to be totally drained, and thus industrial users are unable to source metal within the metals complex, and are forced to go to the market.
Perhaps Venezuela is the second in a growing line of countries wanting to get their physical gold within their boundaries? China repatriated it's gold in 2009: http://www.marketwatch.com/story/hong-kong-recalls-gold-reserves-from-london-2009-09-03
Perhaps this is also the beginning of a new round of nationalism in which nations begin to formally look out for their own best interests and not fall for the "we're all in this together" credo of the Euro and G20. If so, as tmosley says, the fuse for the explosion of gold/silver has been lit...