Digital may be, but China has been buying massive quantities of gold, promoting and selling gold from their banks to the masses for 5 years now. They have bought many gold mines in Africa and recently bought one in Canada. Most of the experts have said two things, 1) the Yuan will be backed by gold 2) their gold holdings rival our “ claimed” reserves ( US gold holdings have not been properly audited since the 1960’s). For the nay Sayers, Russia has been doing the same. Many China white papers state their unit of currency will be officially backed by an amount of gold by 2024-30. It matters little if currency or digital currency is around, point is it WILL have massive gold reserves backing it.
For those interested just google China gold reserves- question is when not if. I believe it will be officially “unveiled” shortly after the 2020-2222 financial crisis. You can visit the GATA.org site that has been following this issue since China legalized gold and started selling physical from all their banks.Also, be aware, by law, gold can NOT be exported from China and is confiscated at departure airports.