china can drop the usd and make gold soar, page-2

The Chinese are extremely smart and won't do anything which will disadvantage them economically. They will accumulate (and indeed are in the process of doing so) a very large holding of gold, probably take positions in a number of juniors with large high grade deposits at bargain basement prices and then move. They won't want to push the dollar down until they have offloaded a trillion or so of their dollar holdings and converted it into a basket of currencies and gold. All this will take time. Don't forget Chinese have thousand year memories. They will move when everything is in place and not before. Gold will have its day in the sun and it will be the Chinese who benefit. Also those of us who have the same patience.