that's one way to look at it...another way is that the US is actually consuming chinas resources and screwing up chinas environment in trade for dollars that have no intrinsic value...who are the "dummies" here? GDP is a joke, china bases thier GDP on what they produce, the US bases its GDP on what it consumes....below is a list of countries and thier gold reserves (it's not from the world gold coucil but probably pretty close)...if you believe in gold, who is actually in the best position?

-	Euro Area	10,792.6	60.7%
1	United States	8,133.5	73.9%
2	Germany	3,401.8	70.3%
3	IMF	2,846.7	-
4	Italy	2,451.8	68.6%
5	France	2,435.4	67.2%
6	China	1,054.1	1.7%
7	Switzerland	1,040.1	16.4%
8	Russia	775.2	6.7%
9	Japan	765.2	3.0%
10	Netherlands	612.5	57.5%
11	India	557.7	8.1%
12	ECB	501.4	27.9%
13	Taiwan	423.6	4.6%
14	Portugal	382.5	81.1%
15	Venezuela	363.9	52.4%
16	Saudi Arabia	322.9	3.0%
17	United Kingdom	310.3	16.8%
18	Lebanon	286.8	27.6%
19	Spain	281.6	38.6%
20	Austria	280.0	56.2%
21	Belgium	227.5	36.8%
22	Philippines	175.9	14.0%
23	Algeria	173.6	4.5%
24	Libya	143.8	5.6%
25	Singapore	127.4	2.5%
26	Sweden	125.7	11.1%
27	South Africa	124.9	12.2%
28	BIS	120.0	-
29	Turkey	116.1	6.0%
30	Greece	111.7	78.7%
31	Romania	103.7	9.1%
32	Poland	102.9	4.5%
33	Thailand	99.5	2.5%
34	Australia	79.9	8.1%
35	Kuwait	79.0	13.5%
36	Egypt	75.6	8.7%
37	Indonesia	73.1	3.6%
38	Kazakhstan	67.3	10.0%
39	Denmark	66.5	3.3%
40	Pakistan	64.4	16.2%
41	Argentina	54.7	4.5%
42	Finland	49.1	20.6%
43	Bulgaria	39.9	9.9%
44	WAEMU	36.5	12.2%
45	Malaysia	36.4	1.5%
46	Belarus	35.1	24.5%
47	Peru	34.7	3.6%
48	Brazil	33.6	0.5%
49	Slovakia	31.8	65.4%
50	Bolivia	28.3	13.4%
51	Ukraine	27.2	3.5%
52	Ecuador	26.3	31.0%
53	Syria	25.8	-
54	Morocco	22.0	4.2%
55	Nigeria	21.4	-
56	Sri Lanka	17.5	11.9%
57	South Korea	14.4	0.2%
58	Cyprus	13.9	50.8%
59	Bangladesh	13.5	5.2%
60	Serbia	13.1	4.2%
61	Netherlands Antilles	13.1	36.3%
62	Jordan	12.8	4.3%
63	Czech Republic	12.7	1.2%
64	Cambodia	12.4	14.4%
65	Qatar	12.4	2.1%
66	Laos	8.8	36.5%
67	Latvia	7.7	4.0%
68	Mexico	7.5	0.3%
69	El Salvador	7.3	10.6%
70	CEMAC	7.1	2.3%
71	Guatemala	6.9	5.3%
72	Colombia	6.9	1.1%
73	Macedonia	6.8	12.7%
74	Tunisia	6.8	-
75	Ireland	6.0	11.8%
76	Lithuania	5.8	3.8%
77	Bahrain	4.7	-
78	Mauritius	3.9	6.8%
79	Canada	3.4	0.2%
80	Tajikistan	3.3	-
81	Slovenia	3.2	13.4%
82	Aruba	3.1	17.7%
83	Hungary	3.1	0.3%
84	Kyrgyzstan	2.6	6.5%
85	Luxembourg	2.2	11.7%
86	Hong Kong	2.1	0.0%
87	Suriname	2.0	11.4%
88	Iceland	2.0	2.0%
89	Papua New Guinea	2.0	2.9%
90	Papua New Guinea	1.9	0.8%
91	Albania	1.6	2.8%
92	Yemen	1.6	1.1%
93	Cameroon	0.9	1.2%
94	Mongolia	0.9	2.4%
95	Honduras	0.7	-
96	Paraguay	0.7	0.7%
97	Dominican Republic	0.6	1.0%
98	Gabon	0.4	0.8%
99	Malawi	0.4	6.2%
100	Central African Republic	0.3	8.4%
101	Chad	0.3	2.4%
102	Republic of the Congo	0.3	0.4%
103	Uruguay	0.3	0.1%
104	Fiji	0.2	-
105	Estonia	0.2	0.3%
106	Chile	0.2	0.0%
107	Malta	0.2	1.6%
108	Costa Rica	0.1	0.1%
109	Haiti	0.0	0.1%
110	Burundi	0.0	0.5%
111	Oman	0.0	0.0%
112	Comoros	0.0	-
113	Kenya	0.0	0.0%
-	World	30,562.5