Bratnia

Promises of 40 new hospitals, delivered 40 old hospitals given a lick of paint and declared as good as new.
Promise to reduce the number of migrant boats reaching UK shores, sends out ships to meet them halfway, safely delivered by the French to that point (and paying the French to do so).
Good for gold when the Pound sinks through repeated government lies.

72% agree with you, however there's still another 48% who don't

72% agree with you, however there's still another 48% who don't

Promises of 40 new hospitals, delivered 40 old hospitals given a lick of paint and declared as good as new.
Promise to reduce the number of migrant boats reaching UK shores, sends out ships to meet them halfway, safely delivered by the French to that point (and paying the French to do so).
Good for gold when the Pound sinks through repeated government lies.

And advise that when a group of gunmen walk around shooting fish in a barrel (people) is for those fish to 'hide'. I'm all for the US way of the right to bear arms/defend oneself/family. 4 gunmen walking into a Texan gathering and pulling guns inclined to have 100+ guns pulled and pointed back. When the UK police force (had to be at least 6 feet tall) transition to a police service (rainbow) and that service is poor, don't even after attend a burglary let alone arrive in time in force to capture the burglars, that betrays the population.
BoE leave interest rates as-is, inflation has now declined to pretty much the 2% target rate, so increasingly more positive real yields, and gold is ... up (1870). Go figure!

Is the forums top left gold price indicator a lagged figure as you're often seem to be a few pence higher?
 
Can you see the woman in this image?
.
.
.
She has her nose sniffing the goats butt
 
 

Promises of 40 new hospitals, delivered 40 old hospitals given a lick of paint and declared as good as new.
Promise to reduce the number of migrant boats reaching UK shores, sends out ships to meet them halfway, safely delivered by the French to that point (and paying the French to do so).
Good for gold when the Pound sinks through repeated government lies.

Promises of 40 new hospitals, delivered 40 old hospitals given a lick of paint and declared as good as new.
Promise to reduce the number of migrant boats reaching UK shores, sends out ships to meet them halfway, safely delivered by the French to that point (and paying the French to do so).
Good for gold when the Pound sinks through repeated government lies.

Promises of 40 new hospitals, delivered 40 old hospitals given a lick of paint and declared as good as new.
Promise to reduce the number of migrant boats reaching UK shores, sends out ships to meet them halfway, safely delivered by the French to that point (and paying the French to do so).
Good for gold when the Pound sinks through repeated government lies.

We all know that the government lies massively, so that figure, even if it is ONS compiled will be manipulated and wrong, look how ONS are now redefining the excess deaths in the UK to make it look less.

It's the April inflation figure that many pensions/wage etc. increases will be based upon government figure.

Is the forums top left gold price indicator a lagged figure as you're often seem to be a few pence higher?
 
Can you see the woman in this image?
.
.
.
She has her nose sniffing the goats butt
 
 

And advise that when a group of gunmen walk around shooting fish in a barrel (people) is for those fish to 'hide'. I'm all for the US way of the right to bear arms/defend oneself/family. 4 gunmen walking into a Texan gathering and pulling guns inclined to have 100+ guns pulled and pointed back. When the UK police force (had to be at least 6 feet tall) transition to a police service (rainbow) and that service is poor, don't even after attend a burglary let alone arrive in time in force to capture the burglars, that betrays the population.
BoE leave interest rates as-is, inflation has now declined to pretty much the 2% target rate, so increasingly more positive real yields, and gold is ... up (1870). Go figure!

And advise that when a group of gunmen walk around shooting fish in a barrel (people) is for those fish to 'hide'. I'm all for the US way of the right to bear arms/defend oneself/family. 4 gunmen walking into a Texan gathering and pulling guns inclined to have 100+ guns pulled and pointed back. When the UK police force (had to be at least 6 feet tall) transition to a police service (rainbow) and that service is poor, don't even after attend a burglary let alone arrive in time in force to capture the burglars, that betrays the population.
BoE leave interest rates as-is, inflation has now declined to pretty much the 2% target rate, so increasingly more positive real yields, and gold is ... up (1870). Go figure!

Peter Seller thinks the price may decline, Punter Emptor thinks the price will rise. Personally I expect that Labour will win the next General Election and when you have a government formed by the majority poor deciding where taxpayers money should be spent there's a tendency for the Pound to decline in value, which in turn is a positive side push for the price of gold. That said the Tories have done an awful job. Can't recall having read their manifesto but suspect it may have been along the lines of
Vote Tory for ...

Musical chair gameplay cabinet/PM
Highest taxes since WW2
Extreme wasteful/lost spending of the public purse (we're talking 100's billions)
Few GP appointments
Repeated delays/cancellations of critical NHS treatment
Increased migration
Poor roads and infrastructure
Fewer availability of council houses (allocation to migrants instead)
Islamic biased/favouring Police
Word play target delivery (40 new hospitals = 40 old hospitals given a lick of paint and declared to be as good as new)
Crime does pay - shops expected to donate up to £100 freely to anyone who so claims their entitlement.
 
... in which case Labour might actually do better and see the Pound rise (gold price decline).
Trick is - not to care. Buy in 67/33 stock/gold proportions, averaging in and out over many years, and just sit back and enjoy the ride. If your brother wants to speculate then there are horse track, casino and other such options that are more instant.

Yep one imagines the Chinese have a healthy hoard of gold but economics is not absolute, it's relative. For the sake of argument let's say the USA and China have equal stacks - that would still make the USA four times richer per capita in terms of gold. I don't believe that's how things are though.
It begs the question why would China hide this gold when it wants the gold as a hedge against currency risk, property market, etc, and to flaunt this wealth/strength to the globe? Saving face and looking good is a big thing to the Chinese. It's not the most robust analysis ever but I'm pretty sure if they had it, they would be flaunting it.
We can calculate how much gold is above and below ground. I've looked at the figures from the guy you quoted before and the numbers do not add up, unless, of course, you subscribe to the theory that the USA transferred those 8,000 tons to China

 
Central Banks Gold Reserves by Country | World Gold Council
 

On the historic and contemporary value of gold ....
Gold, World War II And Operation Fish (forbes.com)
In 1933, the Reich’s official holdings stood at only $109 million—not nearly enough to finance the kind of force Hitler envisioned.
The Greatest Gold Heist in History
So began the Reich’s looting of Europe’s gold reserves, beginning with Austria’s in 1938. At the time, Germany’s coffers were nearly empty. The infusion of Austria’s 90 to 100 metric tons of hard currency gave Hitler the boost he needed to continue his plundering.
Today we remember the Nazi’s gold heist as “one of the greatest thefts by a government in history,” in the words of Ambassador and Undersecretary of Commerce Stuart E. Eizenstat, spoken during his 1997 hearing on the status of Holocaust assets. Although estimates vary, and although the gold price fluctuates over time, it’s believed that as much as $600 million—now valued in the billions—were seized from the central banks and vaults of neighboring, occupied countries, including Austria, Poland, Belgium, Holland and the Netherlands. Millions more in silver, platinum, diamonds, artwork and other assets were stolen as well.
Operation Fish
Not every country’s hoard was pilfered, however. Once it was clear what the Nazis were up to, many outlying European countries had the prudence and foresight to secure their own reserves and keep them falling into Hitler’s hands.
And this is where we catch up with the timeline in Darkest Hour. In July 1940, as fears of a Nazi invasion intensified by the day, the U.K. shipped as much as 1,500 metric tons in gold—worth a mind-boggling $160 billion in 2017 dollars—across the Atlantic to be stored in Canada’s central bank in Ottawa.
One of the gold-bearing ships, the HMS Enterprise
Codenamed “Operation Fish,” the evacuation was one of the greatest gambles ever. Writes Ottawa-based historian James Powell:
Britain’s gamble paid off. Every last ingot made it safely across the Atlantic and was prevented from being used by the Nazis to extend their reign of terror a single day longer.
Germany Today a Gold Powerhouse
Although Hitler’s goals were despicable, his absolute need for gold reflects the precious metal’s centuries-long role as a widely accepted and trusted currency.
It’s a lesson Germany hasn’t forgotten, even today.
The country’s official gold holdings stand at 3,372 metric tons, more than any other except the U.S. Gold represents a whopping 70 percent of its foreign reserves—again, second only to the U.S. This has helped Germany become one of the most powerful and stable economies in the world.
More recently, Germany has emerged as the world’s largest gold investor. Although China and India still outpace the European country in total amount of gold consumed, Germans are ploughing more money into gold coins, bars and exchange-traded commodities (ETCs).

If Biden can issue $4 trillion+ in spending plans and the USA can be $35 trillion in debt, then the Treasury can have $600 billion in gold, it's basically a rounding error. There are black budget agencies with bigger budgets than that. Put yourself in the position of a global puppet master able to print your own money with zero oversight. Would you leave yourself poor or would you own a monster stack of gold and every other asset on the planet? 
China is a poor country. The GDP per capita is $12,500 (IMF, 2023) and the lion's share of that is concentrated on the East Coast, where the GDP per capita is similar to Japan or South Korea ($30-35K). The west of China is one of the poorest regions anywhere on earth. China has only been an economic powerhouse for about 30-40 years. The European dynasties were powerhouses for centuries.
The USA essentially took most of the gold from the two most powerful Empires - Britain and France (also Germany) - during WWI & WWII. That's why the USA was given global reserve currency status at Bretton Woods - they took most of our gold and their manufacturing base existed in splendid isolation from war damages while Europe, China and Japan were reduced to rubble. Both Britain (Canada) and France (USA) transferred the majority of their gold, several thousand tons, to North America circa 1940 before the fall of France.
Under the USA's terms of neutrality, which lasted until after December 1941 (Pearl Harbor) no credit could be used to fund the war efforts of the UK or France - gold and USD (convertible to gold) were the only acceptable forms of payment. Thus all the gold the French and British transferred to North America ended up in the pockets of the Americans, along with the USD reserves. By the conclusion of WWI and WWII the USA had control over global finance and held a substantial chunk of the hard currency accrued by the Europeans over centuries, including the gold the Europeans took from China and India
China is on a desperate gold buying spree not because China has the biggest stack in the world but because their stack is basically non-existent relative to the size of their population - about 1g per capita compared with India's approx 17g per capita.
China needs the gold to hedge against their property market (the largest physical market in the world), their manufacturing sector and currency risk, while also signalling to the world that no matter what happens, China has the means to stabilise its economy. When the size of China's property market is roughly $50 trillion compared to the USA's $30ish trillion, China has a lot more gold to buy before it can effectively hedge anything. 

Looks like you dropped 1

Can I breathe again now? People shouldn't do that in the lift. 😄

Yeah, I spotted that too...

10011000111100010101010101100011000100100010001110101001111000110100011000111100011000111000110000111100011010101010001010101001110001100111000111110001101010100011000110101011010110101010101001101010101010101101001010101110011010101010101010101010101010101010101100110101010101010111001110110101010101010101011010101011110100011001010100110001111000101010101011000110001001000100011101010011110001101000110001111000110001110001100001111000110101010100010101010011100011001110001111100011010101000110001101010110101101010101010011010101010101011010010101011100110101010101010101010101010101010101011001101010101010101110011101101010101010101010110101010111101000110010101001100011110001010101010110001100010010001000111010100111100011010001100011110001100011100011000011110001101010101000101010100111000110011100011111000110101010001100011010101101011010101010100110101010101010110100101010111001101010101010101010101010101010101010110011010101010101011100111011010101010101010101101010101111010001100101010011000111100010101010101100011000100100010001110101001111000110100011000111100011000111000110000111100011010101010001010101001110001100111000111110001101010100011000110101011010110101010101001101010101010101101001010101110011010101010101010101010101010101010101100110101010101010111001110110101010101010101011010101011110100011001010011000100

No coin, but maybe a commemorative 

 

As ever things aren't just simple. The Fed increase/decrease special drawing rights (SDR's) which is a form of weighted basket of multiple currencies, which is somewhat like buying/selling gold. 2020 to 2021 and the Fed more than tripled the value of their SDR holdings. Iceland 2009 for instance and in terms of Krona (domestic currency) the price of gold soared during the financial crisis. As did the Euro. In terms of Euro's the price of gold remained relatively flat. Gold or Euro's would have served a Icelander as equally as well as a hedge against the collapse of their domestic currency.

As the Fed guys said, the Fed doesn't own the gold, it was given to the Treasury for gold certificates (that as indicated are at a $42/ounce rate). The question put was does the Fed use the gold it owns to trade swaps/derivatives, the Fed responded with the correct answer, no - highlighting that it doesn't own the gold. The question wasn't extended to ask whether the Fed use gold certificates to trade swaps/derivatives - which would have been interesting to see the Fed's response. The US Treasury remain the official 'owners' of the gold. A concern the Fed/Treasury have is that whilst the setup is relatively easy to grasp many don't get it and the primary concern is that such misunderstanding can 'spoof the markets' and as such is better left being opaque/unquestioned.