"Why China Is Taking Control of Physical Gold Pricing".....In addition, there is evidence this “paper” gold price has been manipulated downward. “There is no transparency and there has been evidence of tactical manipulation. Who says there is not strategic manipulation?” asks Mikhailovich. This was beneficial for China for some time, as it enabled it to accumulate gold at discounted prices. But not anymore." http://www.theepochtimes.com/n3/1353510-why-china-is-taking-control-of-physical-gold-pricing/