If the World was using a gold standard today between countries as the World did from 1947 to 1971 then China would have all the World's gold.

The US trade deficit to China was $450,000,000 in  2017.

The price Gold $1300 an ounce

Comparing 2017's trade deficit with Bretton Woods agreement then would owe China 346,153,846 ounces of gold.

10,766 metric tonnes

Total World deficit $621 Trillion 2017

35,273 ounces per tonne

A tonne of gold today is worth $45,854,900 per tonne at $1300 an ounce.

$13,542 tonnes of gold we owe the world

$450,000,000 2017

Gold $1300 an ounce

346,153,846 ounces we owe China

10,766 metric tonne

Total World trade deficit for the US was $621 Trillion 2017

35,273 ounces per tonne
$45,854,900 per tonne at $1300 an ounce

If Bretton Woods agreement was in effect today the US would owe the World 13,542 tonnes of gold. At the rare for the 18 years China would own every ounce of gold above the ground.