China is reducing its investments in U.S. Treasury securities, according to a recent Treasury Department report.
The Asian nation, which has been cutting back on T-Bills since October, dropped 97 percent of its Treasury securities in March.
Meanwhile, China has been buying more gold. In fact, the government is encouraging its people to invest in both gold and silver.
So far, it appears the Chinese people have been taking that advice, having purchased record amounts of gold in the first quarter of this year.