Interesting article on Zerohedge tonight on the recent closure of the Hong Kong Mercantile Exchange - four of the executives now under arrest. More here: http://www.zerohedge.com/news/2013-...ntile-exchange-collapse-deepens-four-arrested
The discussion of the Chinese Copper Financing Deals (CCFD's) is interesting and goes into far more detail compared to what's been on Bloomberg etc. Makes for interesting times if the same has been done with gold :/ Edit: But as the warning says, sit down with a cup of coffee (or perhaps two) before starting What's a CCFD?
If you look at the exports of gold FROM China to HK you'll see that this is happening. See http://goldchat.blogspot.com/2012/09/chinese-imports-not-all-they-seem.html?m=1