The theory goes that gold is being suppressed so china can accumlate enough gold to match the US in anticipation of a global currency reset and transition from the US dollar as the reserve currency to an SDR gold backed currency. Basically China and Russia want to move away from the US dollar as the reserve currency. No fiat currency is history has not been abused and devalued until a reset is required and US dollar is not different with trillions of quantitive easing.
Cryptos are also no different but may be a distraction.
Central banks and Govt ultimately will not tolerate even Bitcoin. They are waiting for it to implode and if this doesnt occur wait for the regulations to come on the pretence of money laundering etc. Think about what happened to gold in the 1930 when private ownership was outlawed for decades.
Anyway cryptos will self implode or be squashed and gold will go on as the only true store of value. It may take a while to play out though.
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