>>60939287
>China isn't stacking gold to make necklaces.
I should point out that no one wants to torpedo the US system yet. Everyone still has vested interests trapped in the Dollar/Treasury markets. China still owns an estimated 700 million in Treasuries. They are carefully selling them as fast as they can without risking a crash.

When the time is right, the dollar will become an optional, and less preferred alternative to the gold based reserve assets. China does not want the Yuan to become a reserve currency. They realize any reserve currency causes Triffin's dilemma.
https://en.wikipedia.org/wiki/Triffin_dilemma