China is believed to hold much more than they report.
Conversely, many worry that the USA holds far less than it reports.
Of interest is the fact that much of the gold held by various nations is in fact held in vaults in New York City.
So although America doesnot own all that god, it does hold it
How much of our gold is plated tungsten?
Didn’t Germany ask for its gold back during ∅bama’s administration?
Chinese fake gold marketeers
https://decrypt.co/34033/chinese-firm-dumps-83-tonnes-of-fake-gold-on-the-market
What I can see China doing is dumping a portion of it’s reserves to crash the market. I agree, the US should have much more than we have.