Interesting ideas in the below video of what is going on between China and US financial policies wrt gold backed currencies.
1. China’s banks restricting retail paper gold access and raising margins
2. Speculative thesis: paper markets suppress gold prices
3. Central bank buying as evidence of a shift toward physical gold
  • 244 tonnes of central bank purchases in Q1.
  • 10 of the last 11 quarters exceeding 200 tonnes of purchases.
  • Gold now represents a larger share of global reserves than U.S. Treasuries.
4. Building a parallel gold-clearing system in Asia
The system is intended to:
  • Emphasize physical delivery rather than paper settlement.
  • Expand vault capacity .
  • Support yuan-denominated commodity pricing anchored by deliverable physical gold.
5. Speculation about a U.S. policy response
The U.S. officially has 8,000 tonnes of gold.  At a market price near US$4,000/oz. a market value of over US$1 trillion. References are made to research discussing the potential monetization of U.S. assets and to proposals for a 50-year Treasury bond redeemable in either dollars or gold, attributed to Judy Shelton.
The timing is uncertain and notes that could result in substantial dollar depreciation rather than an official gold revaluation.
Executive Summary
The discussion centers on the view that the global gold market may be entering a structural transition from leveraged paper trading toward physical settlement, with China positioned as a key driver.
On the U.S. side, participants speculate about the possibility of future gold-linked Treasury securities or a revaluation of official U.S. gold reserves.
Overall, the consensus is that physical gold markets, central bank demand, and evolving market infrastructure warrant close monitoring.

 

https://www.youtube.com/watch?v=Z_xvkbGWauU&t=1s