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Parent Post: China Said The Quiet Part Out Loud.
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H
hyokkim
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4/3/2026, 2:20:35 AM
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Certified by whom?
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rick
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4/4/2026, 12:37:48 AM
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I'm going to repost the volume of the COMEX. As crooked as it is in paper trading/price fixing they have been delivering physically. The world has been moving metal around for eternity. In the trading system they may not have to move much. Trade will be carried out in local currencies & settled with gold. They don't have to reinvent the wheel when it comes to certifying, auditing etc. 
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H
hyokkim
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4/4/2026, 5:34:54 AM
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I am not talking about COMEX; I am talking about the gold reserve in PRC. PRC has already cheated regarding reporting GDP for years; do you really think they would not cheat regarding gold reserves? 1. How do we know they really have the amount of gold they claim they do? 2. How do we know the gold they have is not diluted? There's not much incentive in cheating when gold reserve is not used for general economic trading purpose, but once gold is used for general economic trading purpose, the incentive to cheat will skyrocket. Why the gold standards of the past crumbled due to rampant cheating among 'Greece's of the world. You keep avoiding the mandatary issue: How would we audit the gold reserves held by each country?
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