Infose,
Re Japan & China, I prefer not to go any deeper. Let's just watch this space and see if China crashes before the USA or the USA crashes before China does.
skol,
What will gold do? Within the Chinese financial system it soaks up savings otherwise likely to go into property or debt, thus curtailing property bubbles and debt bubbles, and protect peoples savings (I know you argue the contrary). On the international level it counterbalances the huge loss from anticipated US dollar crash and US treasury bond crash.
China is placing pieces on the board of the game Go (Weiqi). There will be a time when one more innocuous piece will be enough to choke off uncle sam's oxygin supply!
Of course I don't expect you to understand or rather believe.
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