How many tons of gold did China store in the United States
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How many tons of gold did China store in the United States
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It is speculated that China currently has about 600 tons of gold in the Federal Reserve's underground bank.
This gold is not the transportation of the gold reserved to the United States, and then stored in the US vault, but part of the American gold subscribed by China. Then whether we can transport it back, of course, there can be no reason to refuse the United States, but according to the current gold market price, the price of gold per ton is about 360 million yuan, and 600 tons of gold is equivalent to 216 billion yuan.
The expansion information:
This gold reserves only account for only 1%of China's foreign exchange reserves, and China's US bonds hold more than $ 1 trillion. The scale of 216 billion yuan is insignificant. In addition, in the international market, we need gold reserves. Gold reserve plays an important role. When buying some countries internationally, sometimes we must sell the gold we hold, and the sale transaction must be carried out in the gold market. The world's largest gold trading market is in the United States.
The international influence of the US economy and the US dollar is getting weaker and weaker, many countries worry that the United States will rely on the gold they store in the United States, but in fact, the United States is unlikely to destroy its reputation in the world for a bit of debt. Essence
Why do the gold system of gold existing in the United States
1 and the Bretton Forest system were established in 1944. After the establishment of the US dollar, gold was purchased or exchanged for the United States. The United States is the most powerful country in the world. Compared with other countries, storage technology and insurance measures are more complete, so it is safer to store gold in the United States.
2, New York is the largest gold trading center in the world. It can be fulfilled immediately when trading is required, saving a lot of transaction costs.
3, some people say that the existence of gold in the United States in the United States is a condition for China to join the WTO (WTO), but this statement has not been officially confirmed.
Why do countries have to exist in the United States in the United States
I due to the most gold in the world, most of the gold purchased or exchanged from all countries comes from the United States. In addition, due to inconvenient gold transportation and storage, in order to more conveniently exchanged the US dollar, countries stored gold in the United States and saved all kinds of troubles.
countries around the world have the key to the United States, and the security factor can also be ensured. Personal credit in the United States as a loan guarantee. If the United States is dishonest, the cost of dishonesty is quite large, so the United States will not regard gold regardless of its personal credit.