China’s foreign currency reserves have surged more than 700% since 2004 and are now enough to buy every central bank’s official gold supply -- twice.

http://www.zerohedge.com/news/2013-03-04/chart-day-china%E2%80%99s-33-trillion-fx-reserves-could-buy-all-world%E2%80%99s-gold-twice

Continuing diversification into gold from the huge foreign exchange reserves by the People’s Bank of China and other central banks is a primary pillar which will support gold and should contribute to higher prices in the coming years.

Our government helped China build this huge cash reserve by the Feds borrowing to pay for entitlement programs. How long can we sustain this out of control spending that neither party is willing to address?