Sunny skies: China's gold ambitions

Sun, a resource economist by training, also has an interesting take on global currency wars.  He believes the US has been promoting a theory that gold is "useless" to keep gold in the doldrums and protect the dollar.

[Quoth Sun:] "It turns out the theory is nothing but a tactic used by the US... to suppress other currencies and maintain dollar hegemony. The reason that the dollar and the pound as well as euro developed from a single country currency to a global or regional currency is that these countries have huge gold reserves."