There's been an interesting shift recently. Over the past few years, China has been reducing its holdings of U.S. Treasury bonds, and now the scale has dropped to levels close to those during the 2008 financial crisis. From around $1.3 trillion, it's now down to about $650 billion. At the same time, China has been steadily increasing its gold reserves. This move of reducing U.S. debt while increasing gold is preparing for a new financial landscape: de-dollarization.