Were China s gold reserves sent to the United States by plane?

China in the United StatesReservesThere are 600 tons.

China's official ** reserves are 1,326 tonnes, although it is only the seventh largest in the world. However, China is the world's largest producer, with tons in 2019, ranking first in the world for 13 consecutive years. In addition, in 2019, China's annual consumption was tons, which is also the world's first.

Why stock up so much**?

1. **Not affected by leverage, not affected by changes in the international banking system or political situation. Therefore, it is also an important tool to combat the over-issuance of banknotes. When the world's banknotes are overissued, the money depreciates, but the impact is minimal and it can survive for a long time.

2. Reserves can withstand the impact of international investment. It will mainly help to make up for the deficit in the balance of payments and maintain the stability of the country's economy. When the international economy emerges, the more reserves a country has, the stronger its ability to resist risks.

China has about 600 tons of ** stored in the United States, Cong Lao has been stored in previous years, why should ** be stored in the United States, mainly due to international standards.

China is now very strong, why its own ** reserves.

The answer to the problem of not shipping back to China is that it is easy to store, but it is difficult to ship it back, mainly in the United States.

Germany wants to repatriate its 1236 tons of ** stored in the United States, and the Bundesbank plans to ship all the remaining ** back to its home country by 2020, but the latest news shows that the United States rejected Germany's request, and Russia also plans to ship back a small amount of ** stored in the United States, but the United States still refuses.

To be precise, it is not the US that refuses, but the Fed.

No, if the Fed wants to maintain the status of the dollar in the world, it will not let other countries censor other countries deposited in the United States**.

At the same time, whether the other countries ** deposited in the Federal Reserve have been misappropriated, few people know whether the United States really has 8,000 tons**, and no one can prove it except the Federal Reserve.

The reserves of various countries should be placed in the United States, mainly for the following reasons:

Factors of international practice.

After the Second World War, through the "Bretton Woods system", the dollar gained the status of a world currency and established the "**-dollar system". The U.S. dollar is pegged to **, and the world's currencies are pegged to the U.S. dollar, and $35 is equivalent to 1 ounce**. At this time, the ** reserves of the United States were as high as 20,000 tons, accounting for the entire capitalist world.

Especially after the outbreak of the Cold War, Western European countries sent most of them to the United States for the safety of their own reserves. In addition, because the U.S. dollar is pegged to the U.S. dollar, the world's most important transactions are inseparable from the U.S. dollar, and placing the ** reserves in the United States is conducive to the convenience of transactions and can also reduce the transportation cost of the ** reserves.

2. For the sake of transaction security and cost considerations.

The United States is still the country with the largest reserves in the world, with more than 8,000 tons. Although the U.S. dollar is no longer pegged, the U.S. dollar is still an international currency, and U.S. dollars are still needed for transactions. What's more, the majority of the world's most ** transactions are still conducted in the United States.

For example, the New York market is the largest trading venue in the world.

Further information] ** Gold Reserve refers to the ** assets held by a country's monetary authority to balance the balance of payments and maintain or influence the exchange rate. After the gold standard was abandoned, it was still used by central banks to prepare for the issuance of money. It plays a special role in stabilizing the national economy, curbing inflation, and improving international credit.

As one of the main forms of international reserves, it has its own limitations in liquidity, so the issue of its appropriate size should be considered.

The "reserve" is explained in Cihai as "stored for use". The 1965 G10 Report of the Study Group on Creative Reserve Assets stated the definition of reserves as follows:

All assets held by a country's monetary authority that can be used to support its exchange rate level directly or with guaranteed exchange with other assets in the event of a balance of payments deficit.

There are two main reasons why countries put the best reserves in the United States: one is convenience, and the other is security.

During World War II, the United States became the leader of the world economic stage, and many European countries were in ruins and had to import goods from the United States. Due to the failure of the financial system, ** became the best universal currency at the time. In order to facilitate transactions, many countries have shipped most of the ** reserves to the United States, which greatly saves transportation costs.

After World War II, the United States established the Bretton Woods system, which stipulates that the dollar is directly linked to **, and all countries can be exchanged at a specified rate**. In order to facilitate exchange, reduce the risk of long-distance transportation, and avoid the risk of real-time fluctuations in the international gold market, many countries trade directly in the ** center of the United States. With the system after that has been.

In addition, there is another benefit to being placed in the United States: safety. Stockpiling a portion of the reserves in the U.S. is beneficial for diversifying risks, even if the country faces threats such as political instability and economic depression, and these reserves stored in other places can be used for emergency purposes.

Of course, the current alarm of the global economic recession is sounding, the United States is also showing signs of recession, and many countries in the world, including Russia, Germany, France, etc., have been taking hedging measures to start the plan of return. It is foreseeable that the size of the reserves placed in the New York Fed will also be smaller year by year.

As an important part of a country's international reserve assets, the amount of reserves is related to the creditworthiness of a country's foreign economy. It plays a special role in stabilizing the national economy, curbing inflation, and improving international credit. This effect is quite significant in both developed and developing countries.

**Reserve Purpose:

The amount of reserves that a country wants is determined by the nature of its monetary commodity. Due to its excellent characteristics, it has historically served as a monetary function, such as a measure of value, a means of circulation, a means of storage, a means of payment and a historical currency. With the development of social economy, ** has withdrawn from the field of circulation.

In the 70s of the 20th century, the Bresson system collapsed, ** decoupled from the US dollar, ** monetary function was also weakened, but still maintained a certain monetary function.

Many countries, including major Western countries, still occupy a very important position in their international reserves. **It is the most reliable means of hedging value, which has value in itself, so the purchasing power is relatively stable, and in an inflationary environment, the price of gold is synchronized**. On the other hand, in times of deflation, the price of gold does not** because of the historical rush to buy ** whenever the political and financial situation is turbulent.

Reserves are entirely within the autonomy of the state, and a country has the right to control it without external interference.

Relative to paper money, it has relative internal stability, while paper money is affected by the credit and solvency of the issuing country or financial institution, and the creditor's right is in a passive position and is not as reliable as **. **As a national reserve, the role cannot be ignored. Today, the total reserves of various countries have reached about 32,000 tons.

Our country has not disclosed clear and detailed figures for this, but according to the statistics released by the Global Association before, China's total reserves are about 1842Tons, while the ** stored in the United States is about 600 tons or more.

Due to the continuous depreciation of the U.S. dollar, some countries require ** to trade commodities when trading goods, so that buyers can directly exchange their U.S. inventory**. And for the underground vault in the United States, it is just a matter of moving the equivalent value of ** from one country room to another country's room.

Many countries believe that it is safer to put the best reserves in the United States. The New York Fed's underground vault has a very high level of security, making it the largest vault in the world today. The New York Fed's underground vault is located 20 meters below the surface of Manhattan Island, New York, and is said to be the safest place in the world.

According to public information, the underground vault covers an area equivalent to half a football field, and is surrounded by solid rock. In the event of any emergency, the entire underground vault can be completely closed within 28 seconds, and the entrance to the vault is a steel mechanism weighing more than 200 tons, and the bomb does not work. The security of the underground vaults in the United States is high, which is also the reason why many countries like to store ** in the United States.

China's ** reserves in the underground vault of New York are not large, only about 600 tons. In fact, the main reason is that China established diplomatic relations with the United States in 1972, so it has not joined the Bretton Woods system, and it will not go to the United States. In the same way, Russia did not have a single or two ** stored in the United States at that time.

In 1972, after the head of the leader, we began to have a normal international **, and gradually put a part of ** into the United States to facilitate the settlement guarantee, and then slowly with the increase in ** volume.

After the reform and opening up, China began to carry out large-scale global **, and has achieved a surplus for many years, so far, 600 tons have been stored, about 1 3 of China's total reserves, and also account for China's foreign exchange reserves.

The meaning of reserves

As a country's economic security, reserves play an extremely important role in a country's economy, and play an important and positive role in stabilizing the state-owned economy and maintaining currency stability.

It is a unique asset that is not directly affected by any country's monetary policy and finances. Therefore, when inflation occurs in the country, ** does not depreciate. Therefore, there will be no risk, and the first number of people who save at home is not afraid of inflation.

Dear, hello, I am very honored to answer your question, the answer is: the United States reserves roll over a large number of ** to provide safety and security for the United States**, to ensure that the country has the ability to take the index inflation buffer and resilience when the economy fluctuates, to protect and stabilize the domestic economic stability to the greatest extent, and can use the funds of the reserve to support the country's monetary policy. In addition, it can also be used as collateral to finance and support its financial behavior, providing a stable consumption guarantee for the country's economic development.