Happy Tycoon

Chapter 615 The Importance of Gold (Happy Mid-Autumn Festival!)

There is a well-recognized saying in the global financial circle - money is not gold naturally, but gold is money naturally.

This sentence is enough to explain the status of gold in the global financial world, and at the same time, it also 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? Very simple, because the US 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Although gold has withdrawn from the currency circle decades ago, no one can deny that even if gold is no longer a currency, no matter what kind of currency, it is not as good as gold!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 will recognize your dollars?

Last year, that is, in 2018, the country with the largest gold reserves in the world was still the United States, and its gold reserves were 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!

It has been almost a century since the U.S. has held the number one spot in the world's gold reserves. In fact, in the middle of the last century, that is, in the years just after World War II, the U.S. gold reserves once reached 21,800 tons!

Another name for the U.S. dollar is U.S. dollar, which is enough to prove that the U.S. 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 developed countries in Europe, such as Germany, France, Italy, Switzerland, the Netherlands, etc., are among the top ten countries in the world in terms of gold reserves, and these countries are all developed countries without exception. In particular, the gold reserves of the four countries of 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 based on gold!

The gold reserves of the United States also accounted for 75% of its foreign exchange reserves.

What does this mean? Quite simply, gold is still the most important currency margin among these old European and American economic powerhouses.

The same is true of the country, and the same is true of the consortium.

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

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

The central banks of various countries need gold reserves, and similarly, those large-scale commercial banks also need gold reserves. No bank would dislike having a lot of gold reserves in its own bank.

Counting the major banking groups in the world, whether it is Citibank Group, UBS, HSBC, or ** 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 gold reserves of the Federal Reserve 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, Yang Jing would never sell the remaining gold in his hands if there were no extremely special circumstances in the future.

Although gold is not a currency, it is the most popular thing in major banks all over the world. In contrast, the value preservation performance of real estate, gemstones, diamonds, and antique works of art is far inferior to gold. Banks are far less popular than gold!

Very simple, antiques are valuable, right? Precious right? But if you pledge a famous painting that you bought for 20 million dollars to the bank as a mortgage, the bank can mortgage you 15 million as charity, even if it only gives you 10 million dollars or less The dollar, you have nothing to do with it. Because the bank said that 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 many other banks out there, you go to their mortgage, and see how much those people can pay you! It would be strange to have more than me!

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 buy it directly. Smash him to death!

Gold is used as collateral to go to the bank as a mortgage, and it will never give you a discount! Some banks will even give you more money! (PS: Lao Mo is talking about foreign banks, domestic banks are not included in this list.)

This is the charm and power of gold!

It is no exaggeration to say that if Yang Jing is willing to sell the more than 300 tons of gold in his hand, he can exchange for a huge cash of more than 12 billion U.S. dollars in minutes.

But Yang Jing would never do that. He is not stupid, and he is not short of money now, only a fool would sell the gold!

With so much gold, if you put it in your own bank as a reserve, the value of what you can do will definitely exceed 120 billion US dollars! That's why fools and idiots would do this kind of thing like throwing watermelons and picking sesame seeds!

And as the amount of gold that can be mined on the earth is getting less and less, until another new hard currency that can completely replace gold is found, the value of gold can only get higher and higher-rare is more expensive, this It is a universally applicable truth.

The gold can no longer be sold, and if there is a chance in the future, I will find more gold to enrich my bank's treasury. Yang Jing changed his posture and thought to himself.

Perhaps the change of posture disturbed Gege, and Gege'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 aren't you asleep?

Yang Jing smiled slightly, leaned over and kissed Ge Ge's forehead, and said in a low voice: I can't sleep, so I just think about something. It's okay, you don't mind me, I will fall asleep naturally when I get sleepy. You'd better go on sleeping. Be good, be obedient.

En. Gege replied in a daze, and as soon as she turned over, she hugged Yang Jing's arm and fell asleep slowly.

Being hugged by his arms, Yang Jing couldn't bear to wake Ge Ge up again, so he simply lay down on the ground.

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

After waking up the next day, Father Yang had already bought breakfast outside, which was Yang Jing's favorite fried dough sticks and tofu nao.

Order very tender tofu nao, put stewed soup, coriander, sesame paste, leek flowers in it, and then pour a large spoonful of red and red chili oil, with deep-fried golden fried dough sticks, bite the fried dough sticks and drink tofu Brain, the taste, even if it is made for a god, it won't change!

Gege stayed in Yanjing during this time, and was also very interested in this mouthful, but she, like Yang Ma, can't take spicy food very well, so this bowl of chili oil is all cheaper than Father Yang and Yang Jing. up.

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

The health of Yang Jing's grandfather and grandmother is beyond Yang Jing's expectation. Yang Jing's grandfather used to be a typical Alzheimer's patient, but now he speaks clearly and has troubled him for decades. The problem is now completely resolved.

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

As for the grandmother who had to use the word Nuo to describe her walk before, her complexion is even better than that of Yang Jing's grandfather. If you think that the old lady is eighty years old, if you say that she is not yet seventy this year, nine out of ten people will believe it, and the remaining one will definitely think that the old lady is only sixty years old this year.

Grandpa and grandma are in good health, this is what makes Yang Jing happiest. And according to Gege, Gege’s grandmother’s current situation is similar to that of her own grandmother, both of whom are obviously 20 years younger. In that state, other old men and women who are about the same age as them can’t be envied. Can it be expressed?

Little sister Li Yinuo is already on winter vacation. This girl will be eleven years old after the new year, and now that the children are developing early, this little girl has already faintly entered the rhythm of rebellion. That is really a cat I hate dogs

However, Gege liked this little girl very much, and he played with this girl all morning, and he didn't know how these two sisters-in-law, who obviously had a generation gap in age, could play together so happily.

Because the health of grandpa and grandma has improved unexpectedly, the old uncle has put his main energy on his small company these days. Immediately improved.

Originally, Yang Jing wanted to introduce some businesses to the old uncle, and even persuaded the old uncle to change careers, but the old uncle hadn't made up his mind before.

However, at lunch today, the old uncle offered to change careers. The main reason is that the competition he is currently operating is too fierce. In addition, he has not paid much attention to the company in the past few years, so even if the company has It has recovered obviously, but the old uncle is starting to prepare for other industries.

Yang Jing naturally welcomed the old uncle's ideas with both hands and feet. Although the old uncle's education level is not very high, but the old uncle has been working in the society for 30 years, and he has already developed all kinds of skills. And the old uncle who is only forty-three years old this year is the most golden age in a man's life, so since the old uncle plans to change his career, then Yang Jing absolutely doesn't mind making the old uncle's business bigger.

Moreover, Yang Jing already had a preliminary plan for what to ask the old uncle to do.

PS: Bow down and thank Zi Lai Ye ¥ and Lonely Dong Xin for their 100 rewards!

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