Gold reserves to hold a country’s monetary authorities, to maintain the balance of international payments, or the impact of exchange rate, as financial assets held for gold.
Gold reserves, refers to holding a country’s monetary authorities, to maintain thebalance of international payments, or the impact of exchange rate, as financial assets held for gold. It is in a stable economy, curb inflation, improve the international creditplays a special role. The gold reserves of the tube
Theoretical significance lies in the realization of the gold reserves of the maximum possible liquidity and profitability. One of the main form of international reserves, gold reserves, has its own limitations in liquidity, so we should consider the problems of modest size.
Is that the correct understanding of the concept of gold reserves of significance: one is to determine the reasonable scale of the gold reserve; two is to avoid be confusedwith commercial banks operational assets in gold, it is conducive to the normal operation of bank business; three is conducive to the implementation of the country’sgold control
The central bank make gold management policy, promote the healthy development ofdomestic gold industry and related industries.
The amount of gold reserves as a part of the international reserves is a measure ofthe wealth of the country, strengthening the ability of gold reserves against international investment funds, high impact, helps to make up the balance of payments deficit, helps to maintain economic stability of a country, but the high gold
Reserve Bank will lead to cost increase, because the gold reserves of the rate of return in the long term is zero, and the importance in the gold standard system after the collapse of the gold reserve has been greatly reduced. At present Chinese gold reserves of about 600 tons, is 600000000 grams, 0.5 grams of average per person
No, the number of positive notes issued by the state not only so much. Effect: tell from the monetary and banking perspective, the total amount of money supply to regulate the market.
Determine the reference factor of gold reserves:
1 the international balance of payments
2 levels of external debt
3 the level of foreign reserves
The gold reserves of the form is divided into: direct, indirect, portfolio turnoveroperation.
A variety of opportunities 1 direct operations -- a country’s monetary authorities use of international financial market, using a variety of operating means, directly involved in the gold market transactions.
2 indirect turnover -- a country’s monetary authorities from the sale of gold, in gold lease, for gold lending business, indirectly achieve gold reserves increment, the objective value.
3 Portfolio -- some gold reserves in accordance with the liquidity, profitability principle,timely converted into high profitability, liquidity strong foreign exchange reserves, andaccording to the change of market exchange, re adjust.
Use my gold reserves of the country’s two main forms:
(a) by the international gold market, take the spot, futures and options trading, to increase the gold reserves operating rate of return.
(two) through the issuance, distribution of various gold, gold value-added inventory.
Why gold? Gold reserve role:
1, reserve diversification.
In any combination of assets, put the egg in one basket, are not very sensible. Goldmay fluctuate, but currency exchange rate and interest rate reserve in the samereturn volatility, to diversify the usual practice than single reserves more stable investment returns. So we
Individual investment also do not put the egg in one basket.
2, gold reserves as the economic security of a country, and play an important role in a country’s economy, the steady state economy, maintain the stability of the currencyhas an important positive role. And gold is a unique asset, it is not subject to any country’s monetary and fiscal direct
Influence. Therefore, when the national inflation, gold would not be devalued. Sothere will be no risk, so home gold is not afraid of inflation.
3, the material guarantee.
In the past many countries carry out foreign exchange control, and what is more, to freeze all foreign exchange assets. These measures have had a great impact on thecomposed of foreign securities reserves. When the reasonable holding gold reserves,the impact will be so weakened. The reserve role is to prepare
The emergency. So liquidity completely is very important, this is precisely the admit of no doubt, with the characteristics of gold.
4, gold plays a "war chest" role.
Under the state of emergency, all countries may need to flow of resources. Gold has liquidity, is a widely accepted means. In addition, gold may be mortgaged.
Mark 5, gold reserves as national strength.
At present, the world total gold reserves of 37.650 tons is about 13 times the world’s annual gold production. Of which 1000 tons of countries and organizations: American,Germany, France, Italy, Switzerland and the International Monetary Fund, in these countries to USA reserve up to 8136.9 tons.
Hundreds of tons of countries in the region of 32, less than 10 tons 47. China’s goldreserves of 600 tons. From the above figures, a powerful country of its gold reservesare. This shows that gold is still the symbol of overall strength. Therefore, the goldreserves around the world, especially
The developed countries pay more attention to the. So, as the US, a country want toreserve gold why we couldn’t save? If you don’t save this time happens notemergency.
6, the national gold deposit is in the strategic reserve.
Gold is the main body of the national strategic reserve, can not be ignored. For example, the combat readiness of the America gold reserves accounted for 65.5%,Holland 45.5%, France 41.9%, Italy 45.9%, Switzerland 39.9%, Pakistan 32.6%,Kazakhstan 22.2%, Zimbabwe 39.9%, so Chinese
There is a saying called "cannon rings, gold".
7, because gold is not easy to damage, are not as easy to devalue the currency.
Therefore the government holding gold will increase public confidence. Some countries clearly recognized gold has a strong supporting role in the currency. In addition, gold reserves to improve solvency. The gold reserves of the official’s primary role is as the international payment reserve.
There is a close relationship between a country’s gold reserves of their external solvency. If a country’s reserves in gold, the rating agencies will give the green light tothe. Therefore, the gold reserve is beneficial to improve the reliability of a country. A country so, so also a unit, known as the "Tongrentang
"There is always 100 two gold shops, enhances the credit degree. If your home also has 100 two gold that credit sure you high.
8, holding gold as a premium.
If encounter some unexpected events, to guarantee payment of debt. To make a long story short, the state holding gold benefits, that every family should also like nations,to maintain stability, should also save some gold.