China Aims For Official Gold Reserves At 8500t - Chinese Official

``Currently, there are more and more people recognizing that the ‘gold is useless' story contains too many lies. Gold now suffers from a ‘smokescreen' designed by the US, which stores 74% of global official gold reserves, to put down other currencies and maintain the US Dollar hegemony. Going to the source, the rise of the US dollar and British pound, and later the euro currency, from a single country currency to a global or regional currency was supported by their huge gold reserves. '' -- It's getting more and more explicit. Only the stupid/bought-off Western media still waits for the "smoking gun" that China has actually been acquiring massive gold reserves in the last few years since it's last official announcement, creating a tectonic global shift in monetary power.