What puts things into perspective is that China has about 1.3 trillion in US currency/ notes etc...

The revalueing of the Yaun since 2005 has droped the US exchange rate from 8.3 yaun to the dollar to 6.8 Yaun to the dollar... This revalueation, pushed by the Americans, has resulted in a net loss to the Chinese of the equivilant value of the Total US gold reserves.... and the $1.3 trillion US dollars is approximately equal in value to double all the gold held by the worlds reserve banks.

1.3 trillion x 17% = 220 billion

8,133 us gold reserve x 26 MM/ tone =211 billion

Pretty hard for them to exchange those paper dollars for gold....LOL

Total world gold reserves:

29,813 Tones x 32,152 oz/ tone x $ 810 = $776 billion

And that is just the Chinese holdings of US paper!

1 tone of gold = 32 152 troy oz

The emperor has no cloths! There is lots of paper gold availible... but when you want to take deliver.... well thats another story.

Thats why the volitility in gold.... to keep investors scared of buying a fluctuating asset.... For every action an equal and opposite reaction.... when they push gold down the physical demand rises... when it gets overbought, the paper comes flooding in to push it back down.

The venture market... just a side show, to the main event... keeping the illusion alive. The paper money wants to be sent back home... What will they trade it for... Gold mining stocks should be the next shift of capital, because there just isn't enough gold to trade even a fraction of those dollars for...!

So where are the opec nations puting those $140 bl oil profits?