2012-08-10usagold.com

``He points out that the U.S. gold reserve represents 70% of total currency reserves while China's gold represents only 1.6%. For years, we have heard that China is converting its domestic production to reserves, but that speculation has been no more than an educated guess. The author confirms it as China's strategy -- to my knowledge the first time the strategy has been publicly confirmed by a Chinese authority. He talks about gold in national terms -- about the making of China into a "gold power."'' -- They're referring to an article in China's official Qui Shi magazine; here's a link to a basic synopsis.


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