Thanks very much.
Governor Dodge, generally speaking, there's an inverse relationship between the price of gold and the price of oil.
You mentioned the surplus of China's reserves in U.S. dollars. I think they're holding about $1 trillion in U.S. reserves right now. As they've been somewhat funding the U.S. overall deficit, they've been eating up about 75% of the world's savings.
If they were to want to take away some of their exposure to the downside risk of the U.S. dollar and invest it in precious metals, it could adversely affect the overall valuation of the U.S. currency broadly, could it not?