Nice story! But as Serban pointed out the U.S. dollar isn't the reserve currency because anyone says it must be. From hookers to Chinese billionaires, if you want to own property somewhere with a strong non-political legal system you buy the currency of the strongest liberal democracy.

In Russia, the government will throw you in jail if they don't like you, no matter how much money you have. Like Khodorkovsky. And in China, whatever property you buy the State only gives you a 70 year lease on the land below it.

You only own stuff in Russia and China at the PLEASURE of their Kings.

Further, many astute followers of this, if they don't want a strong Russia, LOVE that Russia is divesting of dollars. Putin cutting off his nose to spite his face. To me it's a PR move. A rookie move. You invest in the best assets you can. Gold over U.S. productivity? Go ahead, Russia, make our day ;)

Finally, I'd buy Japanese yen over Chinese yuan.