Notice he doesn’t talk about an audit anymore. That should tell you all you need to know.
It is dawning on China that any reserves held abroad will be frozen once it tries to replicate Japan’s actions in WW2, but successfully. So it has decided to store, in a big way, physical reserves that are compact and light relative to value, and untraceable for payments to smugglers and other middlemen needed to acquire foreign items unavailable from its own holdings while in the midst of a blockade and an unlimited war on merchant shipping.
He who makes the most products rules the world. Gold is not a necessity. Food, shelter, transportation, medicines, clothing etc are required by all humans.
Are you still shilling for investments in Chinese gold plated tungsten bars?
China went out - got gold, rare earth elements, and made loans to greedy stupid counties who thought the Chinese were as gullible and stupid as democrat Americans. They weren’t. Amd stupid countries are waking up to that reality - they havce to pay the money back - or deal.
China’s not ‘forgiving loans’ they using them as leverage. We were outsmarted because too many democrats were corrupt... looking the other way for cash and benefits.