Spot on:
"The more I ponder this the more convinced I am that the Chinese have got the US by the short hairs and are patiently acquiring physical assets with the knowledge and assistance of the US."

The US is not 'assisting' by compliance but by default because they think postponing will improve things somehow. On the contrary the denial and delaying only makes things worse, i.e. debt goes higher, more dollars printed and more gold gets moved out.
Once the gold kitty is dry then the hammer will fall. The Chinese will announce no more trade with the US because American paper is no longer acceptable as payment. Only currencies with backbone are accepted.

Gold will go up in price but it will be most in US (worthless) currency. I suspect much along the way of Weimar Republic (Germany) in the 1920s.

No gold, no oil, No of just about everything. This could lead to WW3 per lead up to WW2.

The more I think of these possibilities the more I get a cold sweat, even if I had a boat load of silver and gold, which I don't.