I see your point but China is bending over backwards to be seen as a reliable economic citizen of the world, and so a caper like that would spook the countries China wants to use the Yuan.
IMO It's more likely that they are satisfied with their sovereign gold accumulation strategy, and that is reflected in the narrowing premium they are now offering on gold. Silver accumulation is their primary target now.
There's no doubt Chinese sovereign and private gold holdings are enormous. They will dwarf any amounts elsewhere. They are not required to report accurate tonnages and they aren't up to now. If they decide to, it's all over for the West.
Only a few more days to the launch of the Shanghai gold backed oil futures contracts. It's been delayed a few times and the Chinese like saving face, so I reckon March 26 is a "definite".
If (when) we hear that The Saudis are selling a stake in Aramco to China, the last stake will Have been driven into the heart of the Petrodollar.
Good luck to all gold and silver holders!
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