China has a few advantages. Xi doesn’t have to run for re-election. Trump does. They are not a debtor nation. We are. They can take an economic hit and, at least in the near term, shrug it off. There is a limit to how much pain we can take before people will start to question Trump’s policies. If we slip into a recession over the next 12 months, Trump could lose the election. My guess is that this is China’s near term objective.
As for what is going up, or might... I’ve been nibbling in silver for most of the last year. Historical silver:gold price ratios suggest silver is cheap relative to gold.
Silver is DEFINITELY cheaper relative to gold right now and there could be a run in that also.
Platinum was lower than gold for the first time in a long time and that could move.