| From Commodityonline.com: America’s worst fears are coming true now. China’s is hugely converting its foreign reserves into gold. This fear was there for quite some time for the US as it realized the value of dollar was hit badly during the recession.
Realising that the financial meltdown has badly dented the dollar, China is on a spree to increase its gold reserves. This has resulted in China becoming the fifth country in the world as far as gold reserve is concerned..............................................Full Article: Source
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