China has been leading the US in accumulating gold over the past 2 to 3 years. That there tells you that, yes, they are in the means of being much smarter than our moronic US govt. But least China be the only one mentioned...let's not forget Russia as well. Russia must be seeing some reason for buying massive quantities of gold. Wow! Bitcoin MUST be backed by gold in order to succeed and if it isn't, what a short life it will have.