I wonder what China thinks of the dollar...
The increase makes China the world's fifth-largest holder of gold, just ahead of Switzerland, and among the six nations plus the International Monetary Fund that have reserves of more than 1,000 metric tons. Hu said that China's gold reserves had risen by 454 metric tons since 2003 and that the total was being reported to the IMF per the organization's rules. The comments are China's first public acknowledgement in more than five years that its gold reserves had increased. The new figure is 76% higher than the 600 metric tons reported at the end of March, a level that had been unchanged since December 2002.