Russia/China (Saudi said to be on-board too - they started forging higher purity "new standard" gold bars a couple of years back) going with gold-backed exchange for the new-new world yes, they know the Dollar is nonsense :)
The Chinese have been encouraging their populous to buy gold and silver for quite some time yes and they're epic savers as we know. Silver is the go-to when gold gets too expensive typically - India too for that. Silver printed a new record gold:silver ratio score last week, it may lag at first but if gold goes much/any higher then Silver could explode - JPM said to have cornered the physical Silver market over last five+ years whilst suppressing it with paper dumping.
I was researching the September 1999 Gold spike and stumbled onto that Wiki ;)
Key numbers then to my eye - Weekly MA50 @ $1,268 and $1,303 TA trendline pivot, beat that and anything to the upside can happen, all the way to $1,500s.
I'm hit & miss like everyone else mate but I know a pivot when I see it :)
I don't need the plug tvm but the VPN hits are coming in now pmsl so cheers ;)
As for ups/downs here - well I and others bought at 10s and dumped at mid teens and have re-bought at the original price again for the W3, whenever it turns up.