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The long and short of it, is that China has given Uncle Sam the finger and is diversifying it's incremental reserves of US bonds into euros, pounds, yen, and gold. The Chinese are moving away from the doomed US dollar, so the parity of the 'US Dollar-vs-Gold' is large, whereas the Chinese are also buying pounds rapidly too, so the parity of 'Pounds-vs-Gold' is not as large.
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