Why China Is Taking Control of Physical Gold Pricing?

• Implied in the Chinese plan to take control of the physical gold pricing: is the fight for the global monetary hegemony. When the gold standard is re-introduced: “He who has the Gold RULES!”. The western Illuminati’s fraudulent fiat currency standard, global monetary is ended.
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• Why China Is Taking Control of Physical Gold Pricing
  by Valentin Schmid, Epoch Times  
  The Chinese have always been in love with gold. And this year especially, China is taking several steps to rattle gold markets. 
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  The country is currently lobbying to be included in the International Monetary Fund’s reserve currency, and gold has a lot to do with that process. Estimates say China has amassed thousands of tons of gold reserves that could rival the United States in the future.
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  “It is the Chinese view that all great currencies have gained prominence in some measure because of the hard asset reserves the government standing behind the currency holds. Gold reserves both from the government and reserves held by the population are a key factor for economic security for them,” says Simon Mikhailovich, managing director at Tocqueville Bullion Reserve.  
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  In its quest to increase both private and public holdings, the country has overtaken South Africa as the world’s largest gold producer, and by 2013 has become the world’s biggest private market for gold, according to the World Gold Council. 
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  Investors and consumers bought 259 metric tons (tonnes) of gold in 2013 as mines produced 430 tonnes. But that is not enough: According to the chairman of the Shanghai Gold Exchange (SGE), Xu Luode, China also imported 1,540 tonnes through Hong Kong.
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  It is the very same Shanghai Gold Exchange that is now taking another step toward controlling the gold market. According to Reuters, China plans to establish a new standard gold price for physical metal, a so-called fixing for the 1-kilogram bars (32.15 troy ounces) it trades on its futures exchange. 
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