With nationalization Chavez is also destroying the gold-mining industry in his own gold-rich country, thereby doubly constricting world gold supply.

My query is; how much gold is Venezuela currently producing, apart that is, from the illegal peasant miners?

How much gold has Venezuela produced in the last 10 years?

How much gold would Venezuela produce in the next 10 years?

Even without Nationalization, with Chavez still in power, the mining industry in that country is so screwed up that production would probably be minimal.

Chavez is not destroying the industry, he has already destroyed it.

Without Chavez things in the industry may improve, but new mines are very necessary and construction would take years.

The repatriation of the countries gold will certainly have an effect, but the doubly constricting statement I think is only in the eye of the beholder.