RE:$10,000 POG Increasingly Seen as Realistic The collapse of the USD as the Worlds reserve is near upon us and will be replaced with a gold based currency by both China and Russia among others.
Here is a snippet from a very strategic observer
The fact is that China is the largest holder of debt obligations of the Federal Reserve, which, by the end of 2021, amounted to $3.21 trillion.
Their reduction goes on in parallel with a constant increase in gold reserves, which have doubled over the past 7 years in China, reaching a record figure of 900 tons.
This increase in gold reserves was mainly due to domestic production, making China the world’s largest producer of the yellow metal since 2007.
And one of the main gold mining regions is Xinjiang, where there are more than 600 gold mines.
Understandably, this situation is of great concern to the owners of the US Federal Reserve, as it threatens to deprive them of the largest market for the sale of US “green candy wrappers.”