That is your opinion, and it’s not out of line with traditional thinking.
To “trust” China considering how they manipulate their currency would never be a good idea.
I can’t eat Gold or Silver or any other PM. Can I trade it for something else? Perhaps. Substitute fiat for PM’s and you’re back at ground zero for the most part.
Obviously, it’s not that simple, but I’m simply trying to get across that regardless of having PM’s backing a currency, that currency can still be manipulated and China is well versed in that.