Well China's rush in the acquisition of fiat hedging products like gold/silver or oil....Is mainly due to the fact of China's exposure and lack there of, of any meaningful gold reserves to begin with. Domestically they currently are mining the highest percentage of gold than any other country in the world... but this is tapping out what is left of there dwindling gold reserve supply. which is why they are buying up foreign mines in places like Africa. Truth be Know the USA has the worlds largest gold and oil reserves estimated to be more than all the gold or oil that has ever been mined to date just sitting up in Alaska. Which would explain China's panic to buy gold cause they don't have enough of it and also why the US is not at all in a panic to mine it or sell it. but I wouldn't recommend spectating buying up gold in hopes that the price of these commodities are going to sky rocket as some video I saw on Youtube would have you to believe. HSBC and JP Morgan are still the custodians of the gold and silver ETF that have been resposible for driving the price of gold/silver up and down. Gold Silver investors are being lured into a rigged market fueled by trillions of government bailouts that can be triggered to eat up any foolish speculator with a leveraged account going long in a channeling gold market. Increments of small regular savings in physical gold or silver as the price fluctuates and a strategy that offers an income as you save in gold is best. 1000 usd per ounce is a is the time to buy.. 1500 usd per ounce is the time to sell. Fiat is here to stay for the time being but like the housing market of 08 is a bubble that only gold can hedge against.