Where's the Gold? China prefers Gold to USD

Asia, and specifically China, has recently developed a very strong appetite for Gold.  For those who say Gold is irrelevant, bear in mind Gold's interesting relationship to fiat currencies, and key events in Global monetary history, such as when Nixon defaulted on the Gold standard thus creating the Forex market, or Roosevelt's confiscation of privately held Gold in 1933.  See this video (below) about what Asians are doing with their newly found taste for the shiny metal.