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This seems like someone’s blog without any sources. Besides the US and Germany have the largest gold reserves (and London has the metal exchange) so the western powers could completely manipulate the new currency

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The has been a lot of speculation that China haa been mining large quantities of gold off-market and putting it into their reserves. That's just speculation so it may not have happened, but we would only know what gold they bought openly or disclosed when mining.

Aah yes, nothing is better for a gold backed currency then rapid deflation caused by a secret huge reserve of gold.

The author bio at the bottom of the page mentions work with the US Fed, NYT, FT and Pentagon.

He may be privy to privileged information and discussion.

There are a lot of idiots who work for all those organizations.

e.g. the same people who convinced us there were chemical and nuclear weapons in Iraq?

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