Skol
Love your humour mate. But a serious question. Gold has been a store of value forever. It's held by Central Banks . It's important .
I suspect the Chinese are accumulating gold. The chinese want to be number 1 in anything worthwhile. They have a superiority complex.
To get their currency to be more highly regarded than USD is a long journey. I think one of the stops on the way is for them to have more gold than US . And I think they will get there by stealth.
Can you imagine the reaction when they finally disclose their holdings and if this is huge number it could cause panic, based on fear of missing our. Chinese are the biggest producers in the world and are acquiring other large producers.
I think it would help sell their currency in say Africa or Middle East if they could say we have twice the gold that the US have. And if the price doubles or triples , catch up will be very expensive.
Your thoughts on this scenario if you please.
