China Converts Its Trillions USD Reserves to Gold?

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Wow dude, that's some captivating stuff you post. I think I saw something about that the other day--did you read that from a $40 investment kit you bought from goldinvestorgold.com? I think that’s where I saw it—couldn’t pull the trigger though—wasn’t really in the mood to make $20K a month at the time. But I’m all gold now, which is kind of pain sometimes—you can’t really buy anything with it, at least not at Chili’s or Smoothie King. And I tried mailing a gold bar to Chase the other day to pay off my monthly credit card bill, but they refused it. It wasn’t even that much either—it was just a little 1 Tola gold bar, but they acted like it was a couple thousand Troy ounces! But there some upsides to my newfound gold standard of living. No overdraft fees—and next month I’m going hiking in the Grand Canyon. Thing is though, I hope China does convert its trillions of USD foreign currency reserves to gold. I wonder who they think will bail them out when the music stops and a little thing called bad luck rears its head. I'd give it three weeks before Goldman Sachs and George Soros have got the gold market cornered. Then rumors start flying that China might end up like the last communist country with over a billion people that decided they'd give capitalism a spin (=Russia). Next thing you know we're all FedEx'ing our ankle bracelets to Cash-4-Gold at 12 cents on the dollar, soaking up all the US Dollar we can get our hands on, so we can then go reload our margin accounts and short some gold before China figures out we’re not buying any of their gold (and neither is anyone else since we just sold a bunch of gold to them). Or perhaps one day a repeat of the Asian financial crisis flares up out of nowhere. Or perhaps gold tanks 37% one year. With a currency based on gold, China will be done for, up the proverbial creek in a boat full of a bunch of gold, and guess who is holding all the paddles and US dollar? You guessed it—Goldman Sachs, who surprisingly decides to just sit tight and get rich while China implodes into oblivion. See, the problem is you can’t print gold like you can with other currencies, like Yen or the Pula. And another crazy thing about gold--unlike nearly all other commodities, it doesn’t have any inherent value. It's not like petroleum or natural gas--or in other words, you can't make energy out of it. Nor is gold like, say, wheat, or pork bellies—or in other words, you can’t eat it. They’ll have some nice jewelry though, but I’m guessing that’s about that’s left—really all China had going for it was a communist dictatorship that paid its workers 50 cents an hour to manufacture goods they then sold to the US, which we bought on the cheap with the money they loaned us, investing the savings in companies that manufacture iPhones and airplanes.