china buying gold secretly via middle east?, page-2

Article is interesting, but somewhat dubious.

The Chinese have been heavily involved in international gold trading centres for several hundred years.

And this, I totally disagree with -

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"It is my belief that China's purchasing of physical gold in vast amounts through the backdoor of KSA keeps the transactions mute and off the wire services, in the same way China couldn't possibly purchase the IMF's 300 tons without juicing up the price of gold on the open market."
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Past sales show that buying any large amount of gold from the IMF is going to put significantly less pressure on spot gold price than taking it off the streets of Riyadh. 300m tons is equal to about half of the entire worldwide retail investment in physical for 2009.