http://www.atimes.com/atimes/China_Business/LC11Cb01.html

Here are some highlights, ...............

"US gold reserves totaled 8,133.5 tons in September 2008, accounting for 76.5% of its total forex reserves.

China's present gold holdings make up about 1.2% of its total forex reserves, according to Market Watch

The Guangzhou Daily reported in 2008 that China's central bank was considering raising its gold reserve by 4,000 metric tons from the then 600 tons to diversify its forex risks

China's gold reserves should reach 6,000 tons in the next three to five years and perhaps 10,000 tons in eight to 10 years".

China's forex reserves are at risk and the stability of its value is in question

"China should formulate a long-term plan and constantly and secretly increase its gold holdings"

in 2009 China reportedly bought 454.1 tons of gold from its domestic market

China bought nearly 50% of the total gold purchases by central banks in 2009

increasing China's gold reserve is critically important for the currency's long-term prospect and the country's comprehensive national strength.

The question for Chinese leaders now appears no longer if, but how, that will come about."

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Total world production in 2008 was 2,356 metric tons

In 2009 China's domestic production was about 300 metric tons.

If they are going to be buying 1000 plus tons/year over the next 3, 5, 10 years, that doesn't leave a lot for the rest of us, including their own 1.3 billion people now going on a buying binge.

The line forms on the right,.............or is that the left, Mr.Barack Hussein Obama.