The Cork Board

[eik]

One thing that articles like this never mention is the fact that China could be an active player in this gold leasing/manipulation game. Although their Mainland's physical gold reserves are growing fast, the fact is that China stores about 600 ton of gold in New York. Some observers suspect that China leases/sells this gold (HSBC is mentioned as their agent sometimes) to keep gold price low. That's actually a smart way to repatriate gold - sell/lease it in NY and buy cheaper for local storage.
http://english.sina.com/business/2012/1204/534146.html