You may be right, but I think China specifically has learned something from Russia. Before invading Ukraine, Russia held assets across the world and they were

You may be right, but I think China specifically has learned something from Russia. Before invading Ukraine, Russia held assets across the world and they were frozen (some of it USD). Now imagine you are a large holder of US treasuries, would you take some off the table and purchase this other asset (gold) that can ensure you're less susceptible to your enemies sanctions?