Good summary bobh.
The rumor that China has been building it's gold reserves has been reported so much in the last few years, it's hardly a rumor anymore.
It does seem kind of odd they would they would try this in the US; it might send the same overt signal they were trying to avoid by not buying on the open market. I mean, there's lots of mines in the world, why pick a very small operation in the US? It's either a statement or strategic ploy. Maybe it's an experiment to see how far they can go in regards to accumulating their gold reserve without undercutting their investment in the dollar. If the effect on the various markets isn't significant - they might ramp up. The boiling frog.
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