<http://www.financialpost.com/news/business-insider/China+reveals+secret
+gold+hoard/3917975/story.html>

Early this year, people speculated that China, which does not regularly
reveal gold data, was a key force driving the market higher this year
<http://www.businessinsider.com/is-china-secretly-stealth-buying-gold-20
10-6> . It turns out they are.                       The Shanghai Gold
Exchange revealed today it had imported nearly 500% more gold in the
past ten months than it did in all of last year, according to Bloomberg
<http://www.bloomberg.com/news/2010-12-02/china-gold-imports-jump-almost
-fivefold-as-inflation-outlook-spurs-demand.html> . That’s 209 tonnes of
gold already, compared to 45 tonnes last year.
Chinese are buying gold as a check against rampant inflation. Moreover,
it’s a way to check inflation while keeping the yuan low and continuing
the currency war
<http://jessescrossroadscafe.blogspot.com/2010/12/currency-wars-chinas-g
old-imports-soar.html?utm_source=feedburner&utm_medium=feed&utm_campaign
=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29> .