A move to a gold standard in China would require an exchange rate of as much as $64,000 an ounce, 50 times bullion’s price now, according to Bloomberg Intelligence..... Chinese policy makers are pressing to add the yuan to the IMF’s currency basket, known as the Special Drawing Right, which includes the dollar, euro, yen and British pound. The Bundesbank said in April that the yuan needs to be seen as freely convertible before it can be considered as part of the SDR basket...... “What else can they do to create a reserve currency that other central banks around the world would want to hold?” Hoffman said. “The Chinese have proved over and over that they are willing to think outside the box.” http://www.bloomberg.com/news/articles/2015-05-20/chinese-gold-standard-would-need-a-rate-50-times-bullion-s-price