"Chinese officials have already said they view gold as a strategic asset and would like to diversify their foreign-exchange reserves away from the dollar. China holds just 1% of its reserves in gold, World Gold Council data show, equivalent to roughly 600 metric tons. Even so, it is the ninth-largest official holder of gold.
The U.S. is at the top of the list of official holders. It holds 78.2% of its reserves in gold, which is about 8,133.5 tons of gold."
It almost begs the question: If the U.S. holds so much gold, why is it so insistent on not having its currency tied directly to a gold standard?
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