Yes you cannot have a BRICS gold backed (or fractionally backed...

Yes you cannot have a BRICS gold backed (or fractionally backed more likely) trading mechanism or currency without having the physical on hand to say
"hey - here's the new shiny !"
SO the accumulation continues as the physical flows from west to east and the paper backed currencies are eroded. China will never publish an updated gold tonnage until it feels safe - they love the long game. We await the moment the ponzi addicted media befuddled west say "what the !" as those who run the markets profit from it and say don't worry about paper $$ now being worthless and bypassed - here's our new shiny - a CBDC.
Meanwhile IVR worked lower this week as silver in $A creeps up - especially overnight.
Oh well - I'll just sit at .035c again and see if we hit.