China to control the gold price, but with physical or paper?

Pierre Lassonde may well be right when he said that “10 years down the road, the Shanghai Gold Exchange (SGE) is likely to determine the gold price, not the COMEX” but will it be a case of “Meet the new boss, Same as the old boss”? http://research.perthmint.com.au/2015/07/14/china-to-control-the-gold-price-but-with-physical-or-paper/