All week I've been seeing references to this headline:
"China could announce that it holds 30,000 tons of gold to back the Yuan/Renminbi."
As a Forex trader, the story took me by surprise, even though China has been stockpiling for years, and is the world's largest gold producer. Also, . However, in the South China Sea last week, with war ships and fighter jets — and China warned (in so many polite words) that the US planted the seeds of its own doom.
So, maybe that's what this is all about.