Bruce,was thinking along the line of individual Chinese...

Bruce,
was thinking along the line of individual Chinese merchants out of HK and Shanghai, rather than Central Government.

These guys have a history of owning physical gold (tael bars), rather than gold shares or gold derivatives.

Be surprised if they were big punters in non US currency plays-not to their cultural liking.

Reckon the bigger impact will be funds looking downstream for the medium term effect, then assuming that effect is going to happen 'tomorrow'.

Cheers,TAS