GSR general discussion, page-91

China to announce at the Winter Olympics the digital gold and gold backed currency. The BIS Basel III adopted last year and London Bullion Banks had grace until late January 2022. The grace period has ended along with the gold takedowns on paper. The rest of the worlds banks now comply and and have made provision in their balance sheets. Europeans sided with Russia and China who were pushing for gold to be included with a basket of currencies for international trade settlement. Both India and Australia were buying gold last year to top up reserves.