He who owns the gold makes the rules. Vz. owns the gold. Possible behind the scenes agreements between Putin and Chavez along with China and others to replace the dollar as reserve currency speaks to the bigger picture dynamic. It's all about power. Chavez is perfectly capable of crapping on the threat of an international arbitration award if he thinks he can consolidate his own power in other ways don't you think? Gold and Oil are king as the US dollar is replaced as the world currency. Fung better be on the top of his game to navigate the treacherous waters we find ourselves in.