EXTRACTS (looking near term) -

"The US dollar is currently surging in exchange value because investors and speculators are buying trillions of dollars to liquidate losing investments and loans denominated in dollars." ... "Once this flurry of loan liquidations is over the dollar should begin to slide. That will be about the time the Chinese open their gold vaults. I do not think the Chinese will immediately announce a gold backed yuan but will first allow the price of gold to rocket towards the heavens in price. That will seriously harm Washington’s standing in the world paving the way for the yuan’s acceptance into the IMF’s SDR basket of currencies."

http://goldstockbull.com/articles/signs-that-america-will-hit-the-wall-and-go-splat/

Conventional news sources have been reporting for years what looks to be quite large, continious, and purposeful gold buying by China. Rumors have been around too offering that there has been quite a lot of "unofficial" buying/hording too, and to the extent that what is happening off books may be as large as what is being reported.

Do I find this believable? Yes! In the last couple of decades, China has masterfully manipulated currency and metals markets to it's advantage, never stopping it's additions to stockpiles of all kinds, even while doing some trading along the way - buying low (at what I think were very will timed prices), and selling high (at what seem very well timed prices).

They have embraced Capitalism as practiced by our banks, and they are beating our banksters at their own game. Will the 21st Century be the China Century as the 20th was the American Century?

VP in AZ