The People’s Bank of China (PBoC) continues to buy unprecedented amounts of gold as the global financial is deleveraging.

Originally from Guangdong, the man one newspaper called a "petty despot" had sailed to San Francisco on a Chinese junk just before the gold rush, when he was approximately 20 years old.

The Californian gold rush was in decline in the 1850s and had been known as the Old Gold Mountain, which led the Chinese to name the Australian gold rush, New Gold Mountain. This is how the series ...