Chapter 2257

Four thousand tons.

On value.

It has exceeded one trillion yuan. In other words, Myanmar's gold mined out of the ground 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 drawbacks.

Now.

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

So.

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

"Alas

Sun Jiang sighed.

The rise of China is not easy. We must be careful in every step. We should not go too fast. If the stall is too large, we must be careful.

Seek speed in stability.

。。。

At this point.

In China announced gold reserves, India again after the dumb fire.

"India needs more gold reserves to maintain monetary confidence," a prominent Indian economist said on television

"Suggestions."

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

“。。。”

I talked about it for more than ten minutes.

In a word.

---Collect gold.

Otherwise.

With the existing reserve of the Central Bank of India, it is impossible for the rupee to really go international, which seriously restricts the future development of the rupee.

At the same time.

We also put forward a series of additional measures, such as cracking down on counterfeit currency and maintaining confidence in the rupee, but the core point is to increase the central bank's gold reserves.

On hearing this.

The answer is like a cloud.

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

"That is, who can match it?"

"Buy it."

"As long as we want, whose gold is more than that of India?"

"Mm-hmm."

“。。。”

A large number of Indians feel that this is the only way to raise the rupee. Have been hit in the face, face hot, want to pull back a game.

You know.

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

This.

They are very confident.

So.

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

It's just.

The reality is a bit cruel.

The thunder makes little rain.

Counterfeit money.

Devaluation.

The biggest obstacle is rupee. People would rather save gold than cash. You can express your support, but you should bring out your own gold.

For a rupee that could depreciate at any time?

Cut!

When I'm stupid?

The gold price is rising, the rupee is devaluing, everyone knows how to choose, so there is an interesting phenomenon, the Indian Internet is full of generous words.

But.

There are few places where official gold is bought.

。。。

See here.

“。。。”

The Indian authorities have been speechless for a while, and are they sincere? Routines, are routines, just say not do, how can you do this, too irritating.

So.

What else is the rise of the Rupee?

Hum!

It's almost like digging a hole.

But.

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 on the Indian market.

Strike?

Think about it!

However.

The difficulty is too big, because many counterfeiters have a deep background. India is a whole from the outside, but its internal states are almost like small countries.

Tax administration is different.

Headache.

It seems.

We can only wait for the wind to pass and we should do what we should do. This kind of sentiment has appeared countless times, and in many cases, it is powerful.

Results.

Yelling.

Yelling.

Just... Used to, no more.

。。。On November 25, Myanmar released another heavy news just after countries had digested more than 3000 tons of gold reserves in Myanmar.

In the future.

The annual gold sale was suspended.

Changed.

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

Yes.

There is no interest at maturity.

However.

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

At the same time.

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

Suddenly.

Global vision, once again focus on.

"What? Gold bonds? "

"No interest?"

"It's the first time I've seen that interest free treasury bonds are equivalent to no interest in banks, but if they can be exchanged for gold at maturity, it will be quite different."

"Yes."

"If the price of gold goes up, the national debt will earn, and if the gold falls, 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 Burma is not enough. That's why I want to postpone the delivery three years later. Sure enough, there's a limit for the family members. "

"Mm-hmm!"

"Good business!"

“。。。”

Many people will not lose much if they calculate. Even if the gold falls, they will need physical gold. As a natural currency, we are very confident.

It fell.

It always comes back.

Up.

That's what you earn. 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 bonds.

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 will naturally buy it.

It's just not much.

This time.

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

It's gold.

Strictly speaking.

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

No problem!

Buy it.

Of course.

There are also many central banks who want to buy it, but if they don't have the Asian dollar, then they can try to change it. It's certainly impossible to exchange Myanmar. What's the difference between exchanging money with others and collecting foreign currency?

So.

We can only find other countries, countries with more Asian dollar reserves.

Take a look.

Most of them are Huaxia.

Ask.

Yeah.

The exchange fee of 1.5% is not too high. It is only equivalent to the purchase price of gold, which is increased by 1.5%.

Not much.

Change!

Many countries exchange their U.S. dollars, euro, or Japanese yen to China, and they can earn more than 1.2 billion by lying down.

Why not?

More.

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