Gold is a store of value and has been money for over 3,000 years. Your fiat dollars are nothing but debt.
Gold is a ‘store of value’ you say, which storage is made at great expense.
Gold is only a value set by those that trade it. Those that trade it must monetize it in promissory note form in order to use it in transacting business or else physically transfer it at great risk and peril.
In other words, gold is a poor agent for transacting commerce.
Trade is vastly more efficient using contracts and courts to enforce contracts.
China falling to a gold standard is a step back into the dark ages. China has no rule of law hence must transact in gold to buy its oil supply from Dubai whose ruling families covet and demand gold, another dark age mentality group.
Gold is just a just a yellow metal of which a nugget is worth to advanced business practitioners about as much as a used wad of bubble gum.
There are many metals that are more rare and valuable than gold. Gold is nothing special regardless of how many years it was declared as money by the Romans and other civilizations. Those civilizations are long gone and are irrelevant to the terms of today’s advanced trade.
Bitcoin is an example of a crypto currency that is more valuable than gold because of its ease and low cost of security and speed of transaction.
Gold is a primitive dark age concept. We can’t eat it or use it to heat our homes. It has very limited practical use that is not already filled by computing metals.