China to Set Up Gold Fund

What a coincidence. (Not.) More news on the coming gold investment fund that China intends to set up. Don't know what effect this will have -- are the Chinese like the Indians, holding a lot of gold in jewelry and perhaps coin or bullion form?

My Dad used to say that there was nothing like the wisdom of a French peasant: They always had a stash of gold hidden away in a mattress where the totalitarian politicians couldn't get at it. I suspect the Chinese are no less wise.

Interesting. More about this here.