NO: 94 amazing gold reserves
China's gold reserves are indeed a bit scary, as high as 28,000 tons, before gold as a financial asset of the global reserves of about 32,700 tons, before China announced 1,842 tons, accounting for a small proportion of the world, then according to the estimates of financial experts, China accounts for more than half of the world's official gold reserves.
Gold has existed as a currency since ancient times, even today, it is a very important financial product, perhaps as an investment, it is not a good product, because its ups and downs are for the political economy of the United States, but for a country, it is indispensable, all countries with stable exchange rates, almost have a certain amount of gold reserves.
If not, the consequences will be very serious, especially in that kind of small country, if there is no reserve of a certain amount of yellow Quan, then if something happens to this country, then its currency will be like the Zimbabwean currency, reduced to waste paper!
In 1934, the United States began to implement the gold standard, and the exchange rate between the US dollar and gold was fixed at 35 US dollars per ounce, and then the US dollar beat the British pound in one fell swoop to become the world's only reserve, settlement and circulation currency.
But in 1971, due to the over-issuance of currency, the United States could no longer maintain, the United States gold reserves from 20,000 tons, reduced to 10,000 tons, 72 years, after the end of the gold standard, gold rose from $35 per ounce to $800 per ounce in eight years
But even now, the price of gold is a barometer of the US economy, and if people do not trust the US economy or the dollar, then the price of gold rises, and vice versa.
What are the 8000 tons stored in the United States for there? Just in case, when gold rises to the point that the dollar can not bear it, the United States will not hesitate to sell 8,000 tons directly, you can see, in fact, every time gold falls in the market, there is an intervention by Wall Street.
For example, on April 15, 2013, the price of gold fell by 20% in one day! A large number of Chinese people rushed into the nearest store to buy gold products, buying a few kilograms at a time, and they were called the "Chinese aunts" who bought the bottom of the gold market.
Wall Street predators in the Federal Reserve under the instruction of the raised short gold butcher knife, after a year of brewing momentum, Wall Street predators finally shot short gold, gold plummeted, the world was in an uproar, unexpectedly killed a group of "Chinese aunts" halfway, 100 billion yuan, 300 tons of gold was swept instantly, the entire Wall Street was shaken, how much gold Wall Street sold, aunts all received according to the order. In the short-selling war, Goldman Sachs, one of the world's top 500 companies, took the lead in surrendering. A gold war between "financial predators" and "Chinese aunts", "Chinese aunts" won completely.
The value of such a suppression of gold has continued from the 70s to the present, and no one knows how much gold is left in the United States! Because of the amount of gold in the United States, it has not been audited for 60 years.
Germany has stored more than 1,600 tons of gold in the United States, and wants to transport back a part of the US vault, about 300 tons, but after dragging and dragging, only 30 tons were finally shipped back. How much gold is left in the United States, this is a question mark?
The establishment of the Asian Monetary Fund is no different from the International Monetary Fund established by the United States in order to strengthen the position of the dollar.
The relationship between the two sides has also reached a new level. The two sides have reached a strategic partnership for peace and prosperity, which is on the same level as India, but several levels higher than the previous relationship.
The chairman of the Asian Monetary Fund is Chinese, and the bigwigs above directly appoint it, and after its establishment, a press conference was held.
There were a lot of reporters at the press conference that day, this is enough to disturb the global economic pattern of the press conference, the chairman of the foundation is Qin Xiaochuan, when the host announced that they can ask questions, almost all the reporters on the scene raised their hands.
"Mr. Qin, may I ask your government to prepare so much gold, is it preparing to pegging the renminbi to gold?
"We have no intention of pegging gold to the current renminbi exchange rate, but we will find a balance between it, enrich our foreign exchange reserves, and avoid possible financial risks.
"Hello, Mr. Qin Xiaochuan, I am a reporter from the Asahi Shimbun in Japan, what impact do you think the Asian Monetary Fund will have on the future economic structure of Asia?"
"We will continue to implement an active monetary prudent policy to maintain the stability of the RMB exchange rate, and the purpose of the establishment of the Asian Monetary Fund is to provide a guarantee for the monetary security of the Asian region and make greater contributions to the economic development of Asia."
"Hello Mr. Qin, I am a reporter from the Financial Times, we know that your government holds so much gold, which will stabilize the exchange rate of the renminbi, and there are rumors that the renminbi will eventually replace the dollar, what do you think, Mr. Qin?"
"We also have no intention of replacing the dollar, as I said before, just to enrich our foreign exchange reserves, we know that the world's foreign exchange reserves now account for 63.79% in US dollars, 19.9% in euros, 4.64% in yen! Even Australia has 1.77%!, while the renminbi has only accounted for 1.1%!, less than 100 billion US dollars. As for the substitution of the dollar by you, you also know that this is a rumor. ”
"Hello Mr. Qin, I am a reporter from Yonhap News Agency, I would like to ask Mr. Qin a question, does your country really have so many gold reserves? And how did you get this gold? ”
"This young lady, first of all, you have two questions. The first question, 8,000 tons of which will be placed in the underground vault of the central bank, and the other 20,000 tons, we will build the world's only gold exhibition center, located in Xin'an City, Jiangzhou Province, about 20 days later, this place will be opened, you can go and see it then, as for the second question you said, it is very simple, this part of the gold is from our domestic production reserves, and the other part is purchased. ”
"Hello Mr. Qin! I'm a German Bild reporter, the gold reserves of the United States have not been audited for 60 years, and you are now taking out so much gold, many people think that the Fed's coffers are empty, what do you think about this? ”
"I think you should ask Mr. Trump about this, and I think he can answer that question."
"He asked us what we wanted to do, and we just wanted to get our own gold back." After the German journalist finished speaking, there was now a burst of laughter.
As soon as the German reporter finished speaking, he raised his hand again, Qin Xiaochuan, pointed at the German reporter, and he immediately stood up: "Thank you, Mr. Qin, let me ask Mr. Qin, can non-Asian countries join the Asian Monetary Fund?" ”
At this time, the scene instantly fell silent.