RE:CHINA has Gold....... Exactly, I know that China has been stockpiling gold for many many years. China has been moving secretly out of US Treasuries, having swapped Treasuries for gold for years.
Now BRICS is stratigically working toward a gold backed unified fiat to defang the West's financial system with it's strangle hold on USD based financial dominance. These BRICS & many other Countries are fed up with the sanctions leverage the USA has had since Brenton Woods & Nixon's move to a stand alone paper dollar.
Do we all realize the profound effect a move by China, Russia, South Africa, India & Brazil's to a gold backed currency would have on the POG?? We, in the US, can't even get an accurate, true inventory of our gold in Fort Knox! Default swaps etc may prove the coffers at Fort Knox have been drained. When the BRICS deal happens, and its going to, the POG will astronomically increase.
Only problem Gold confiscation will be in the cards in US , India & across the Globe. Mass devaluation of wealth for most, save the elite.
Country based Paper fiat will be revalued according to tangible Gold/Silver inventories & kiss bitcoin goodbye unless tied to Gold. No more imaginery, trumped up values. If Trump increases our debt by another 8 trillion + (like his last term) we in the US are in deep dodo.
Faith in the USD is hanging by a thread.