Happy Tycoon

Chapter 617: The importance of gold (Happy Mid-Autumn Festival!)

There is a well-recognized saying in the global financial circles-currency is not gold by nature, but gold is currency by nature.

This sentence is sufficient to explain the status of gold in the global financial world, and at the same time proves the irreplaceable role and status of gold, a precious metal, in the history of human development.

Why is the United States the only superpower in the world? It's simple, because the U.S. dollar is the only settlement currency in the world!

And what is the core of the dollar? To put it bluntly, it is gold!

Although gold has withdrawn from the currency circle decades ago, no one can deny that even if gold is no longer a currency, no matter what kind of currency, it is not as good as gold!

Why can the US dollar become the only settlement currency in the world? Isn't that because the United States has enough gold reserves?

Without enough gold reserves, who in the world recognizes your U.S. dollars?

Last year, in 2018, the world's largest gold reserve country was still the United States, with its gold reserves as high as 8,200 tons! If you count the 6,400 tons of gold reserves kept by other countries in the United States, the amount of gold in the United States alone is as high as 14,600 tons!

And it has been almost a century since the United States has been the number one gold reserve in the world. In fact, in the middle of the last century, that is, just after World War II, the United States' gold reserves were as high as 21,800 tons at one time!

The nickname of the US dollar is "US dollars", which is enough to prove that the US dollar is actually supported by gold.

Therefore, although gold is not a currency, it is the most "hard" hard currency in the world!

And not only the United States, but the developed countries in Europe, such as Germany, France, Italy, Switzerland, and the Netherlands, are among the top ten countries in terms of gold reserves in the world, and these countries are all developed countries without exception. In particular, the gold reserves of the four countries, France, Germany, Italy, and the Netherlands, account for more than 65% of their foreign exchange reserves.

In other words, the foreign exchange reserves of these four European developed countries are mainly gold!

The US gold reserves also account for 75% of its foreign exchange reserves.

What does this show? Quite simply, among these old economic powers in Europe and America, gold is still the most important "currency margin."

This is true for the country, and the same is true for the consortium.

As mentioned earlier, the core business of a consortium must be the banking industry, but how can banks grow bigger? In fact, it is very simple, that is, as long as your bank has sufficient gold reserves, then your bank will have enough anti-risk ability, as long as your bank has enough anti-risk ability, then it will attract more depositors. Deposits in your bank will attract more people to borrow from your bank, so that your bank will develop rapidly.

To put it bluntly, what banks need most is also gold reserves!

Central banks of various countries need gold reserves, and similarly, those large-scale commercial banks also need gold reserves. No bank will dislike the gold reserves of its own bank.

If you look at the major banking groups in the world, whether it is Citibank Group, UBS, HSBC, or ****, Bank of America Group, Mellon National Bank Group, their internal gold reserves are very sufficient. Especially for some banking groups in the United States, the Fed's gold reserves are even placed in the underground vaults of these banks!

Gold reserves are the confidence and heritage of major banks!

Since Yang Jing wants to develop his own consortium, the necessary gold reserves are absolutely indispensable. Therefore, if the remaining gold in his hand is not encountered in a very special situation in the future, Yang Jing will never sell it to the outside world.

Although gold is not currency, it is the most popular thing among major banks in the world. In contrast, any real estate, gems, diamonds, and antique works of art are far less valuable than gold. The popularity of banks is far less than gold!

Very simple, antiques are valuable, right? Precious, right? But if you put a famous painting that you spent 20 million US dollars on to the bank as a mortgage, the bank can mortgage you 15 million, even if it is a charity, even if it only pays you 10 million US dollars or less You don’t have anything to do with the US dollar. Because the bank said, your painting can only be worth so much money.

What? Are you not convinced? If you are not convinced, don't go to my bank to mortgage. There are other banks outside. Go to them to mortgage and see how much those people can afford you! Can be more than me, that's weird!

But gold is different. Now a ton of gold is worth about 40 million U.S. dollars. If you take 500 kilograms of gold to the bank as collateral, if the bank gives you less than 20 million U.S. dollars, you can definitely increase it directly. Suck him to death!

Gold is used as collateral to go to the bank as collateral, it will never give you a discount! Even some banks will give you more money! (Ps: Lao Mo is talking about foreign banks, domestic banks are not in this rank.)

This is the charm and power of gold!

It is not an exaggeration to say that if Yang Jing is willing to sell the more than 300 tons of gold in his hand, he will be able to exchange a huge amount of cash of more than 12 billion US dollars in minutes.

But Yang Jing would never do this. He is not stupid, and he is not short of money now, so the fool will sell the gold!

If so much gold is put in the bank as a reserve, the value of what can be done is definitely more than 120 billion U.S. dollars! That's why fools and brainless people do this kind of thing about throwing watermelons and picking sesame seeds!

Moreover, as the amount of gold that can be mined on the earth now becomes less and less, before finding another new hard currency that can completely replace gold, the value of gold is only getting higher and higher-the scarcity is the most expensive. It is a universal truth.

"These gold can no longer be sold, and if there is a chance in the future, I have to find some gold to fill my bank's treasury." Yang Jing changed his posture and thought to himself.

It may be that the change of posture alarmed Grid, and Grid's breathing suddenly became a little disordered. After a while, the girl opened her eyes and muttered in a low voice, "Yang Jing, what time is it? Why are you still not sleeping?"

Yang Jing smiled slightly, and kissed Grid's forehead, and whispered: "I can't sleep, so I just think about something. It's okay, you don't care about me, I will naturally fall asleep when I get sleepy. You should continue to sleep. Good, obedient..."

"Hmm..." Grid replied in a daze, and as soon as he turned over, he hugged Yang Jing's arm and slowly fell asleep.

Being hugged by his arms, Yang Jing couldn't bear to wake Grid again, so he simply lay down.

The warm quilt made Yang Jing a little confused, so he simply stopped thinking about the problems of the assets in the storage space, but let his thoughts fly for a while, and didn't know what he thought of something, anyway soon Fell asleep in a daze.

After waking up the next day, Dad Yang had bought breakfast outside. It was Yang Jing’s favorite fried dough sticks and tofu nao.

I ordered the very tender tofu nao, topped with stewed soup, coriander, sesame paste, leeks, and then drizzled with a large spoonful of red and red chili oil, topped with fried golden fried dough sticks, take a bite of the fried dough sticks and take a bite of the tofu Brain, that's what it's like to do for the gods without changing it!

Grid stayed in Yanjing during this period and was also very interested in this bite, but she, like Ma Yang, can’t eat spicy food, so this bowl of chili oil is all cheaper for both father Yang and Yang Jing. NS.

After eating and drinking, I went downstairs to find that Clark and John had started the car early and were warming up. Yang Jing and Grid got in the car, and Clark drove directly to Grandpa Yang Jing's house.

Yang Jing’s grandpa and grandma’s health is now beyond Yang Jing’s expectation. Yang Jing’s grandpa used to be a typical Alzheimer’s patient, but now he speaks clearly and has troubled the ears of his elderly for decades. The problem is now completely resolved.

If you don't say anything, no one will believe that this old man who is over eighty years old had a very dangerous craniotomy nine years ago. He was an old man with severe trauma to the right frontal lobe.

As for the grandmother who had to use the word "moving" to describe her walks, she now looks even better than Yang Jing's grandfather. The most important thing is that the old lady now walks, it's called a "tiger and surviving power". I think this old lady is already 80 years old. You said that she is under 70 this year. Nine out of ten people believe that the remaining one will definitely think that this old lady is only 60 years old this year...

Grandpa and grandma's health is getting better, this is what makes Yang Jing the happiest thing. And according to Ge Ge, Ge Ge’s grandmother’s current situation is similar to that of her grandmother. They are obviously younger than twenty years younger. In that state, other old men and women who are about the same age as them, how can they be "envious". Expressed?

The little girl Li Yinuo is already on winter vacation~www.readwn.com~ This girl is eleven years old after the new year, and now the children are developing very early, this little girl has already had a faint rhythm to enter the rebellious period. , That really makes a cat dislike a dog...

However, Grid loves this little girl very much, and has played with this girl all morning. I don't know how these two aunts, who obviously have an age gap, can play together so happily.

Because the health of grandpa and grandma has improved unexpectedly, the old uncle has focused on his small company these days, let alone the shifting focus of his work, the situation of the company. It got better immediately.

Originally, Yang Jing wanted to introduce some business to the old uncle, and even persuaded the old uncle to change his career, but the old uncle had not made up his mind before.

However, during lunch today, the old uncle offered to change his career. The main reason is that the competition he is currently operating is too strong. In addition, he has not paid much attention to the company in the past few years, so even if the company has After an obvious recovery, the old uncle is now preparing to engage in other industries.

Regarding the old uncle's idea, Yang Jing naturally welcomes his hands and feet. Although the literacy level of the old uncle is not very high, the old uncle has been in the society for 30 years, and his skills in all aspects have long been exercised. And the uncle, who is only forty-three years old this year, is the golden age of a man in his life, so since the old uncle plans to change careers, Yang Jing definitely doesn't mind making the old uncle's business bigger.

And Yang Jing already had a preliminary plan for what to let the old man do.

ps: Bow to thank "Jilaiya ¥" and "Lonely Heart" for their rewards of 100!

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