A riddle wrapped in a mystery wrapped in an enigma?
Not really, especially if you know your history.
Fact #1: China knows all about the long term instability of make believe money - after all they invented it and have more experience with it than anyone else. (They called it "fly away" money.)
Fact #2: China is the longest continuously running culture on the planet. Its historical memory is calculated in the thousands of years.
Fact #3: No county suffered more profoundly in the last 100 years than China. Weakened by corruption, it was for all practical purposed torn limb from limb by the Japanese during WW II. The Nazis in Europe were timid gentlemen by comparison.
In China, you have the combination of an incredibly sophisticated culture, with a long memory, that has recently been horrifically traumatized.
Anyone who thinks China is just hacking around without a plan is either ignorant or just stupid (i.e. the entire US news media and political structure.)
China is ENCOURAGING its citizens to buy gold. The government is even producing educational television programs on the subject.
Do you think they're doing that because they can't think of anything else to do with their free time?