In the end, gold will win over fiat paper. It always has.
Postscript: When I began writing this series, China's held $2.4 trillion in foreign exchange reserves. As I was writing, new figures showed it rose to $2.45 trillion, so I made the revision in my writing. Now the People's Bank of China has made data available for the third quarter 2010. The central bank's stash of dollars jumped by $194 billion in the third quarter, resulting in a total of $2.648 trillion as of September 30. And there is every reason to believe this trend is going to continue.