China's largest bank buys huge 1,500-tonne gold vault in London

``China's largest bank is buying the lease on Deutsche Bank's huge London gold and silver vault, enlarging its footprint in the city's bullion market, according to reports. ICBC Standard Bank, which took a controlling stake in London-based Global Markets business last year, has also applied to become a clearing member of the London gold and silver over-the-counter business.'' -- Perhaps we will soon hear some official jawboning about Yuan gold backing to help shore up the currency turmoil....