They would still have to sell the gold. I don’t see them selling gold to buy btc.
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Nope. Just revalue. Fiat games.
Strangely, they don't really need to sell them. They have various tricks involving the gold (certificates) that they hold. They'll revalue the certificates, currently at $42 per ounce (seriously) to a large current value. Then they'll say "look at this massive profit we've earned overnight" and the beancounters will allow them to spend the profit
It's bizarre, and I don't actually think they'll do it. But it's an idea that has been discussed for a while