Could get a bit messy for the west around the end of the year !!
'The most interesting thing that will occur from this gold pricing policy is how London and the Comex will deal with the metal should China suddenly set the price far above the current paper spot. If the West still has alot of physical gold in their reserves, they can make a large amount of money arbitraging their buy price with China's sell price. However, it appears for the most part that the amount of gold remaining in London and Comex vaults is limited, and they will be unable to stop the Far Eastern market from determining the physical price should they decide to raise it to much higher levels.'
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