Further dedollarization, comrades. Down with the petrodollar. It reminds me of the gold dinar that Gadaffi proposed - which he was martyred for by NATO. China, however, has a nuclear deterrent and the imperialists this time can do nothing but cope and try to stage more color revolutions through the NED.
this post was submitted on 09 Oct 2025
102 points (100.0% liked)
China
2503 readers
66 users here now
Discuss anything related to China.
Community Rules:
0: Taiwan, Xizang (Tibet), Xinjiang, and Hong Kong are all part of China.
1: Don't go off topic.
2: Be Comradely.
3: Don't spread misinformation or bigotry.
讨论中国的地方。
社区规则：
零、台湾、西藏、新疆、和香港都是中国的一部分。
一、不要跑题。
二、友善对待同志。
三、不要传播谣言或偏执思想。
founded 5 years ago
MODERATORS
Dedollarization is definitely happening:
Gold was $500/oz 20 years ago and is $4,000/oz now. Been telling myself to buy gold for ten years and I currently am up to 0 oz of gold
Buy a garden instead. You can't eat gold.
You can't eat gold.
Watch me
I've been thinking about this a lot. I come from a small farmers family in a third world country. My parents' generation moved away from farming into teaching and other essential industries for stability. But looking at how things are, I asked my father if we should consider starting farming again. He said given the erratic climate patterns that have been forming lately, tons of farming families we know have endured massive losses because of crop failures.
Things are going to get a whole lot worse before they get better
Err you like can. I've seen like those fancy insta steaks from those like celebrity chefs and they like have gold on them.
So you can like totally eat gold.....
that one Fallout DLC but instead of having to drop all the gold bars you get to keep them only to realize that nobody cares.
They're worth a shitload of caps; depends on how early on you do the DLC. I usually do it second so those gold bars are worth loads.
True economy understanders know that the point of keeping the gold bars is to dunk on Elijah's stupid old ass. Also, they look cool in the bathtub in your room in Novac.
You can’t eat gold
You certainly can barter with it, even in economic crisis. If you have extra money and have the basic prepper/survival stuff covered as well as self-defense, gold is a great next option. The self-defense part is important, however, because of that.
Multiple countries have faced civil collapse; in those situations, gold really does become a way to get out somewhere, go somewhere or bribe someone really fast compared to a possibly failing currency. Gold holds value, currencies don't in many situations.
Gold isn't going to help you in a nuclear exchange or apocalypse situation, though. You also need quite a large garden in order to sustain more than one person. Quite a large one; growing the correct crops as well. Becomes a lot harder the farther north you are. Vitamins/nutrients and what not.
/lh
I was thinking about that comment and a neighbor who grows okra with very little water and gets a good yield, because I always thought ones requires plenty of water. Searching said without with water, the nutrient uptake is poor, so you can eat it, but I'm guessing nutrition is low.
I've grown Okra! The water thing is true if you grow Okra in it's own area by itself. There's a collective "water-burden" crops can have when you're growing certain ones together. Okra can soak up plenty of water if you give it plenty of water; from other plants even! Certain plants that suck up water quicker/need more water will draw water from other slower plants which is why it's good to separate your garden.
If I was in a survival situation I think I would just absolutely fill my garden with root veggies and hopefully be able to procure some more vitamin supplements because of where I live. Potatoes, tubers, jamaican yams in containers. Shit loads of walnut trees around here too. I don't think there's anything I can grow in the winter.
Yeah when we grew it we had a separate patch and made sure it had water, so I was astonished my neighbor grows it with so little. I was going to suggest okra for our comrade but had a hunch there was a catch, so when I read that, I didn't say anything. Root veggies are nutrient dense, assuming soil and water conditions are good. And ofc organic fertilizer is preferable to manufactured fertilizer but we do what we can. Humans are surprisingly adaptable and resilient, but at the end of the day, we're still humans and needs unmet for too long has real negative impacts.
Actual gold bars, or an ETF or something?
Physical gold
There are ETFs that hold physical gold
According to this Russian economist, investors around the world are betting on the depreciation of all major global currencies.
All these debt problems are clearly visible to global financial market participants, who are reacting by buying gold, silver, other precious metals, and even cryptocurrency. While previously the main demand for gold came from central banks, which, seeing what had happened to Russian sovereign assets, began shifting funds from developed countries’ government bonds to gold, private investors have now joined in large-scale gold investments.
Bloomberg, in a recently published article, called such actions by private investors a “debasement trade” (the English term debasement refers to the unofficial, unannounced reduction in the weight of coins or their precious metal content by government authorities, while maintaining their face value). In other words, private investors around the world are increasingly investing in assets that will generate profits if all fiat currencies devalue; this is a bet not against a specific currency, but against the current monetary system as such.
The surge in gold prices tells us that the “money debasement game” is gaining momentum. The global financial system, based on unbacked fiat money, is bursting at the seams.
From what I read, a currency devaluation will be disastrous to countries with a dependency on imports.
This started under Biden when he seized the Russian reserves, but it really accelerated since Trump started the tariff nonsense.
Dollar becoming more irrelevant for trade. That’s why, we're seeing the great comeback of gold standard
I see a couple of comments here about a world gold backed standard being the secret motivation behind China's gold stacking.
The world used to use the gold standard and it was actually not that great for a few reasons e.g. :
-
A country's money supply would be limited by how much gold can be produced. That can cause a lot of grief if a government has to pay a lot of wages or welfare in an emergency for some reason like a natural disaster.
-
Massive fluctuations in the exchange rate can happen in the short term even if the average rate over the long term is relatively stable. This can hurt poorer people more than richer people who can ride it out.
Unless China or BRICS or whoever comes up with some tweaks to the system to mitigate potential gotchas, it would be a step backwards.
I don't think either of those issues impact a command economy anywhere near as much as they do a laissez-faire system. Both issues affect the exchange value of the currency. A command economy that doesn't rely on imports for its critical products and services can use alternative means to apportion and distribute them internally.
You can also have a dual system. Gold backed currency for external trade, fiat currency for domestic economic activity.
China is attempting to create an equitable global economic system that works for all nations, not just itself. To do that, it has to consider how exchange rates are going to work for everyone.
In a FULL gold standard system, theoretically a country cannot get that currency without having the same amount of gold in reserve. I doubt China will propose that because of the limitations that it implies.
Idk about that. PMs are money. Everything else are promises that really don't mean much, as history has demonstrated, multiple times.
Didn't they discover a huge vein of gold a few years ago?
I don't know if I would say they are preparing for something so much as them doing the thing itself. If they had slowly built their gold stocks over 5 or 10 years with a sprint at the end that would be preparation. This looks like a reaction to the global situation and maybe an attempt to shape that situation.
The gold rush we're seeing is a strategic hedge, and it's worth noting that it's not just China doing this either. By stockpiling gold, China may be preparing to back a potential future BRICS currency, and building a tangible anchor for the yuan's credibility today.
The reserves can also act as a shield for their existing dollar horde. In the event of a Western financial crisis and a plummeting dollar, massive gold reserves would act as a backstop, helping to sterilize the devaluation of their US Treasury holdings. They're essentially using a physical asset to insure their exposure is limited, all while slowly divesting from the US backed system.
Do you have a source? I could only find this
If you're dumb like me you might think this graph is of China's own gold holdings but it has nothing to do with that. This is apparently about China boosting their own exchange venue for gold and encouraging other central banks to store some of their gold in China
Big golden dong statue
Oh is this why my gold got expensive?