See what happens to real estate when the boomers start dying.
The reserve status is overblown. The question is if not the USD what asset would reserves go into. Certainly not the yuan with china's currency controls.
Lol you want to know what happens to real estate when the boomers start keeling over en masse? Blackrock et al increase their rental portfolio, rent and land prices continue to rise. What, you think the largest hedge funds on the planet made a mistake when they started investing in residential real estate? Check your assumptions.
The reserve status is overblown. The question is if not the USD what asset would reserves go into. Certainly not the yuan with china's currency controls.