BREAKING: China’s Treasury holdings as a % of all foreign holdings have declined to 7.3%, the lowest since 2001. This percentage has declined -21.5 points since the June 2011 peak of 28.8%. Over this period, China’s holdings have fallen -$627 billion, to $683 billion, the lowest since 2008. China has now erased half of their Treasuries accumulated between 2000 and 2010. Meanwhile, the People's Bank of China acquired 1 tonne of gold in January, marking its 15th consecutive monthly buying. As a result, China's total gold holdings are up to a record 2,308 tonnes. China is shifting from Treasuries to gold.(The Kobeissi Letter)