How much gold does China have skol? Do you know? They haven't published official holdings for years! I'm hazarding a guess that 10,000 t is what they are aiming at before they announce their own real physical gold trading centre (in grams) and back their currency with the strength of the asset.
You won't have to wait long to eat your words regarding the strength of the US economy. Laughable, really. "Tell him he's dreamin'" comes to mind. The reality is that they will never be able to repay their debt!
Heard of the phrase "kicking the can down the road"?
America is faltering and unfortunately for the Western World is likely in time to become an isolationist country with a depressed standard of living below many other rising countries.
