Just another brick in the wall ...

Gold bars on display at a jewelry store in Hangzhou, China.
Photographer: Ni Lifang/VCG/Getty Images

US policy, being run by a dictatorial and incompetent administration, is the best gift for China
as they don't have to do a thing while watching their erstwhile opponent burn itself to the ground
in becoming a dictatorship in real time.

To whit.

Gold’s Record Rally Is Helping China Challenge Trump and the Dollar

Beijing is seizing the opportunity to offer up an alternative to US financial dominance.

A scorching gold rally is helping China get one step closer to its goal of building a world less dependent on US-centric financial markets.

Beijing has already been accumulating reserves for a decade, building a bullion stockpile that is likely to be the sixth-largest in the world. Now the metal’s vertiginous ascent is adding support to its campaign. On Wednesday, gold smashed through $4,000 an ounce for the first time — partly thanks to President Donald Trump’s erratic policies at home and abroad.

The record-breaking surge has put bullion front of mind at a time of rising international tension and fraying loyalties, and officials are seizing the moment.

So far this year, Beijing has boosted Hong Kong’s role as a homegrown trading hub with the Shanghai Gold Exchange’s first-ever offshore vault. It has also sought to woo other nations to store gold in China’s bonded warehouses. Next it is expected to encourage central banks and sovereign funds to trade the metal they’ve stored, just as they do in London, chipping away at the world’s most established centers.

Relentless says it all and ...

it's just a matter of time.

Gold bullion inside a jewelry store in Hong Kong.Photographer: Lam Yik/Bloomberg

Time keeps on slippin', slippin', slippin' Into the future - The Steve Miller Band 1976