RE:RE:Gold tanking againAgreed! One of the "outs" for China to survive their current financial crisis is to reveal their true gold reserves and revalue same by setting a firm exchange rate.Some estimate actual reserves are ~10X their official stated position. With their digital currency is in the process of launching, should they decide to shift strategy and tie the DC to gold backing the PM market would change overnight.
Logically, this would seem unlikely as China still has massive $US reserves, however, such a move would deal a severe blow to $US reserve currency status. Therefore it isn't out of the realm of possiblity during economic warfare........