I like gold actually, it's hard money and it's shiney, but I saw this topic on a video today and actually found it quite interesting https://www.youtube.com/watch?v=wg3HFA80d18.
So we know China is the world’s largest gold buyer (although apparently Teather might be buying more than them to back its gold stable coin) while dumping treasuries, can't say I blame them.
China also created the Shanghai Gold Exchange, now the biggest physical gold market in the world. And they’ve opened new vaults in Hong Kong and across the BRICS bloc, forming what they call the “Gold Corridor” — a network of verified vaults that lets countries holding yuan redeem it directly for gold. So kind of a new gold standard to entice BRICS countries to fall in love with the Yuan (don't know if i would trust the Chinese to actually redeem though).
The idea is interesting though , a gold corridor as an analog blockchain, kind of.
Then there's Basel III - under the Basel III rules, gold was reclassified in 2025 as a Tier 1 asset, meaning banks can now count it as equal to cash or Treasuries on their balance sheets. The next goal is to make gold an HQLA (High-Quality Liquid Asset) — the kind of collateral used in repo and interbank lending, which could see gold could replace Treasuries as the backbone of global credit.
So China’s plan is to make a gold-backed lending system for the Global South.
What do you stackers make of this?
I think it's pretty interesting, if nothing else, and i see people say like the West is a btc play, while China goes analog, but really, it's only America, Europe still has its head firmly up its ass and is btc and innovation hostile