Re: US freaks out on MT. Gox meanwhile China hoards all the coins....
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China seems to be hoarding everything but FIAT 
I believe it has also purchased a lot of gold lately.. They seem to have an opinion about FIAT currencies and how thing will play out in the future.
I believe it has also purchased a lot of gold lately.. They seem to have an opinion about FIAT currencies and how thing will play out in the future.They have more than enough USD, and US Bonds, and I think they understood, that it's not a good investisment as the FED is just printing cash and at somepoint the deflation will hit hard! and yes they brought thousands of tons of gold, while at the same time they are the biggest gold producer
Exactly, I think that they are trying to exchange their USD-based assets to something which isn't printed at such fast pace. But the fact that they have so much USD-based assets puts USA in their leash in some way. What would happen to the value of USD if China decided to start dumping them real hard. Of course that would mean that the value of their remaining holdings would drop, but that could be a price they are willing to pay in order to crash USD. The most interesting question is what will happen if people lose trust in USD.