Chapter 2257

Four thousand tons.

On value.

It has exceeded one trillion yuan. That is to say, Myanmar's gold dug out of the ground alone this year has exceeded the GDP of most countries.

Really.

Yes.

If only such a gold mine could be found in China? If so, China's gold reserves will soon surpass those of the United States.

Ranked first in the world.

At that time.

The international confidence of RMB will be stronger.

Of course.

There are also disadvantages.

Now.

The United States has been clamoring that the RMB should appreciate. But Huaxia's strategy is to stabilize, because too fast appreciation will greatly hit exports.

So.

Even if the reserves really exceed those of the United States, they will probably be clumsy.

"Alas

Sun Jiang sighed.

The road to the rise of China is not easy. Every step must be careful, not too hasty. The stall is too big, so we must be careful.

Seek speed in stability.

。。。

At this point.

After China announced its gold reserves, India went silent again.

A well-known Indian economist said on TV, "India needs more gold reserves to maintain monetary confidence."

"Suggestions."

"The authorities recycle a large number of private gold, or buy it overseas, at least let India's gold reserves exceed 2000 tons to cope with future risks."

“。。。”

I talked for more than ten minutes.

In a word.

---Gold.

Otherwise.

With the existing reserve of the Central Bank of India, it is impossible for the rupee to become truly internationalized, which seriously restricts the future development of the rupee.

At the same time.

It also proposes a series of additional measures to crack down on counterfeit currency and maintain the confidence of the rupee, but the core point is to increase the central bank's gold reserves.

On hearing this.

There are so many things to do.

"That's a good idea. Our folk gold is the best in the world."

"That is, who can match?"

"Buy it."

"As long as we want, whose gold is more than ours in India?"

"Yes, yes."

“。。。”

A large number of Indians feel that this is the only way to make the rupee rise. He was beaten in the face one after another. He was hot on the face and wanted to pull back the game.

You know.

India's private gold is almost the largest in the world. Even if it recovers 20%, it can surpass Myanmar's reserves.

That's the point.

They are very confident.

So.

India's major media began to report this method one after another, and vigorously advocated the benefits. Even the Indian authorities have said they are willing to recover gold at a high price.

It's just that.

The reality is a bit cruel.

The thunder and the rain are small.

Counterfeit money.

Devaluation.

It is the biggest obstacle to the rise of Rupee. We would rather save gold than cash. You can give verbal support, but you have to give your own gold.

In exchange for a devalued Rupee?

Cut!

When I'm stupid?

The price of gold is going up, the rupee is going down, and everyone knows how to choose, so there is an interesting phenomenon, that is, there are generous words on the Internet of India.

But.

There are few places for official gold acquisition.

。。。

See here.

“。。。”

The Indian authorities were speechless for a while. What about good sincerity? Routine, it's all routine. All talk but no action. How can you do this? It's too irritating.

So it is.

What else to talk about?

Hum!

Digging a hole is about the same.

However.

The authorities also know.

There is also half of the responsibility. Among other things, the authorities have an unshirkable responsibility for the huge amount of counterfeit money circulating in the Indian market.

Strike?

Think about it!

However.

The difficulty is too great, because many of them have a deep background in counterfeiting. India looks like a whole on the outside, but the states inside are almost like small countries.

Tax administration is different.

Headache.

It seems.

We can only wait for the limelight to pass and do what we should do. There have been innumerable times and many times, they are all powerful.

Results.

He cried.

He cried.

Just... I'm used to it.

。。。Just after countries had digested Myanmar's more than 3000 tons of gold reserves, Myanmar released another big news on November 25.

In the future.

Suspend the annual sale of gold.

It's changed.

At the beginning of next month, the Central Bank of Myanmar will launch the first batch of "gold bonds" of 300 billion Asian dollars. The bonds are three-year bonds and promise zero interest.

Yes.

No interest will be paid when due.

However.

Three years later, it can be converted into the same amount of gold at the current market price, or into the equivalent Asian dollar at the gold price on the maturity date.

At the same time.

These gold treasury bonds can only be bought in Asian dollars.

All of a sudden.

The eyes of the whole world are focused once again.

"What? Gold national debt

"No interest?"

"It's the first time I've seen that interest free treasury bonds mean no interest in the bank, but if they can be exchanged for gold at maturity, it's very different."

"Yes."

"If the price of gold goes up, the national debt will earn, if the price of gold goes down, the national debt will lose. It's very interesting. 300 billion is more than 1000 tons of gold."

"It seems that the amount of gold mined in Myanmar is not enough. It's only then that I want to postpone the delivery in three years. Sure enough, Tianjun has its limit. "

"Mm-hmm!"

"Good business!"

“。。。”

A lot of people will not lose much when they calculate. Even if gold falls, they need physical gold. As a natural currency, we are very confident.

I fell.

It always comes back.

It's going up.

Then you can earn, and you can also receive the gold settled at the current price.

All in all.

The risk is controllable. Thinking of this, a large number of central banks and investment institutions have contacted Myanmar, especially the major central banks that bought gold before.

Before that.

They have also bought Myanmar's national debt.

After all.

Some of the foreign exchange reserves will settle down and will not be needed for the time being. If they don't invest, they just wait to see the depreciation, and they naturally want to buy.

It's just not much.

This time.

Looking at their Asian dollar foreign exchange reserves, many central banks are ready to buy "gold treasury bonds" for the sake of making money.

It's gold.

Strictly speaking.

This is the same behavior as buying gold from Myanmar before, except that the delivery date has been put three years later, and the difference is only that we get it a few years later.

No problem!

Buy it.

Of course.

There are also many central banks that want to buy, but they don't have the Asian dollar, so they have to find a way to exchange it. It's certainly impossible for Myanmar to exchange it with others. What's the difference between exchanging it with others and receiving foreign currency?

So.

We can only find other countries with large Asian dollar reserves.

Take a look.

The most, it seems, is Huaxia.

Ask.

Yeah.

The 1.5% exchange fee is not too high. It's just equivalent to an increase of 1.5% in the price of gold.

Not much.

Change!

Many countries exchange their dollars, euros, or yen for Huaxia, and they can earn more than one billion or two billion dollars when they lie down.

Why not?

More.

China also needs a certain amount of Asian dollar reserves. It can be said that in one week, hundreds of billions of Asian dollars were transferred from overseas accounts.