I believe the BRICS meeting in SA proposed a target gold backing of 40% but the mechanism is in place yet, with a lot needs to be settled. The B.I.S. Basil III already established that western banks should be implemented early last July but held off, revising their website on the subject with vague word salad. Regardless, now countries hold more gold than US T-Bills. Having Stable coins picking up the slack in T-Bills was a brilliant move but temporary until the Stable coins end up more valuable than the USD and dropped like a hot potato. Man, the $37T USD National debt blows the mind. It doesn't include State and Municipal debt.
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Good info there friend, the whole monetary system is rather fragile, especially since it is built upon debt which is both unpayable and unsustainable. Gold accumulation makes sense for those who can store it safely.