For such a strategy to succeed, China would almost certainly have to reprice gold significantly way higher than today's spot price. If its priced to low, and the United States viewed such a move as a serious threat to the U.S. dollar's reserve currency status, it could easily respond by creating additional dollars to purchase and remove physical gold from global markets, including from China.
The world understands whoever possesses the World Reserve Fiat will always become the king of war mongers. Because only this entity can create nuclear submarines, nuclear aircraft carriers, etc. out of thin air. Enforcing their hideous policies.
What they did is required that gold purchases be physical and not on paper. Who would pony up 140% to buy paper gold? No one. This should reduce the day traders of paper gold, maybe they'll do silver next.
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