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Happy Tycoon - Chapter 615

Published at 29th of September 2021 01:33:15 PM


Chapter 615: 615

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There is a well-known saying in the global financial circles - money is not gold, but gold is money.

This sentence is enough to illustrate the status of gold in the current global financial community, and also proves the irreplaceable role and status of gold as 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's gold!

Although gold had already withdrawn from the circle of money several decades ago, no one can deny that gold has long been no longer a currency, but no matter what kind of currency it is, it is not as good as gold has the final say.

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 the hell in the world recognizes your dollars?

Last year, in 2018, the world's first gold reserve country was still the United States, with a gold reserve of 8200 tons! If you count the 6400 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 14600 tons!

The United States has ranked first in the world's gold reserves for almost a century. In fact, in the middle of last century, that is, in the years just after World War II, the gold reserves of the United States once reached 21800 tons!

The nickname of the US dollar is "US dollar", 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!

Moreover, not only the United States, but also those developed countries in Europe, such as Germany, France, Italy, Switzerland and the Netherlands, are among the top 10 countries in the world in terms of gold reserves, and these countries are all developed countries without exception. In particular, the gold reserves 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 the four European developed countries are mainly gold!

The United States' gold reserves also account for 75% of its foreign exchange reserves.

What does that mean? Very simply, among these old European and American economic powers, gold is still the most important "monetary margin".

The same is true of countries and consortia.

As mentioned earlier, the core business of a consortium must be banking, and how can banks become bigger? In fact, it is also very simple. As long as your bank has enough gold reserves, your bank will have enough anti risk ability. As long as your bank has enough anti risk ability, it will attract more depositors to your bank deposits and more people to your bank loans. In this way, your bank will develop rapidly.

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

Central banks need gold reserves. Similarly, those large-scale commercial banks also need gold reserves. No bank would dislike its own bank's large gold reserves.

In detail, the gold reserves of major banking groups in the world, whether Citibank Group, UBS, HSBC, * * * * or bank of America group and Mellon National Bank Group, are abundant. In particular, some banking groups in the United States and the gold reserves of the Federal Reserve are even placed in the underground vaults of these banks!

Gold reserves are the strength and heritage of major banks!

Since Yang Jing wants to develop her own consortium, the necessary gold reserves must not be less. Therefore, Yang Jing will never sell the remaining gold in the future if he does not encounter very special circumstances.

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 that of gold, and its popularity in major banks is far inferior to that of yellow gold!

It's simple. Are antiques valuable? Precious? But if you mortgage a famous painting you bought for $20 million to the bank, the bank can mortgage you $15 million. Even if it is charity, even if it is only $10 million or less, you have nothing to do. Because the bank said that your painting can only be worth so much money.

what? You're not convinced? If you are not convinced, don't go to my bank for mortgage. There are other banks outside. Go to them for mortgage and see how much those people can give you! It's weird to have more than me!

But gold is different. Now a ton of gold can be worth almost $40 million. If you take 500 kilograms of gold to the bank as collateral, if the bank gives you less than $20 million, you can definitely kill him with a big mouth!

Gold as collateral to the bank as collateral, it will never give you a discount! Even some banks will give you more! (PS: Lao Mo is talking about foreign banks, not domestic banks.)

This is the charm and power of gold!

It is no exaggeration to say that if Yang Jing is now willing to sell more than 300 tons of gold, he can exchange more than $12 billion in cash every minute.

But Yang Jing would never do that. He is not stupid, and he is not short of money now. Fools will sell these gold!

If so much gold is put in its own bank as a reserve, the value of what can be done is definitely more than $120 billion! That's why fools and brain cripples do this kind of thing!

Moreover, as the amount of gold that can be mined on the earth is becoming less and less, before finding another new hard currency that can completely replace gold, the value of gold will only be higher and higher - rare things are expensive, which is a universal truth.

"These gold can't be sold again, and if you have a chance in the future, you have to find more gold to enrich the vault of your bank." Yang Jing changed her posture and thought to herself.

Maybe she changed her posture and startled Ge Ge. Ge Ge'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 don't you sleep?"

Yang Jing smiled, kissed Ge Ge's forehead and whispered, "I can't sleep, so just think about something. It's all right. Don't worry about me. I'll fall asleep when I'm sleepy. You'd better continue to sleep. Be good and obedient..."

"Hmm..." Ge Ge said vaguely. As soon as he turned over, he hugged Yang Jing's arm and fell asleep slowly.

Being hugged by her arm, Yang Jing couldn't bear to wake up Ge Ge again, so she simply lay down.

The warm quilt made Yang Jing a little confused, so he simply didn't consider the problems of those properties in the storage space, but let his thoughts fly for a while. He didn't know what he thought. Anyway, he soon fell asleep.

After getting up the next day, Yang's father had bought breakfast outside. It was Yang Jing's favorite fried dough sticks and bean curd.

Order a very tender bean curd brain, put brine soup, coriander, sesame paste and leek flowers, pour a large spoon of red chili oil, add fried golden fried dough sticks, bite the dough sticks and drink a mouthful of bean curd brain. That taste is not changed for the gods!

Ge Ge, who has been in Yanjing these days, is also very interested in this one. Just like Yang's mother, she can't eat spicy food. Therefore, this bowl of chili oil is all cheaper, Yang's father and Yang Jing.

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

Yang Jing's grandfather and grandmother are in better health than Yang Jing expected. Yang Jing's grandfather used to be a typical Alzheimer's patient, but now he speaks clearly, and the back of his ears, which has plagued his elderly for decades, has been completely solved.

If you don't say it, no one will believe that the old man over 80 had a very dangerous craniotomy nine years ago. He was an old man with serious trauma to the right prefrontal lobe.

As for the grandmother who used to walk with the word "move", she now looks better than Yang Jing's grandfather. The most important thing is that the old lady's walking is called "tiger living power". No one will think that the old lady is 80 years old. You say she is less than 70 this year, and nine of the ten people believe it, The remaining one will think that the old lady is only 60 years old this year

Grandpa and grandma are in good health, which is the happiest thing for Yang Jing. Moreover, according to Ge Ge, her grandmother's current situation is similar to that of her grandmother. They are obviously 20 years younger. How can other old people and women who are about their age be expressed by "envy"?

Little sister Li Yinuo has had a winter vacation. The girl is 11 years old after the year, and now the children are developing early. The little girl has a rhythm to enter the rebellious period. It's really annoying for a cat to dislike a dog

However, Ge Ge likes this little sister very much. She played with this girl all morning. I don't know how these two aunts and sisters, who obviously have an age gap, can get together and have such a good time.

Because the improvement of Grandpa and grandma's health was unexpected, my uncle focused his main energy on his small company these days. Let alone the shift of my uncle's work focus, the company's situation immediately improved.

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

However, at lunch today, my uncle took the initiative to change his career. The main reason is that the competition in his business is too fierce. In addition, he has not paid much attention to the company in recent years, so even if the company has an obvious recovery, my uncle is ready to engage in other industries.

Yang Jing naturally welcomed his uncle's ideas with both hands and feet. Although my uncle's cultural level is not very high, he has been wandering in the society for 30 years, and his abilities in all aspects have long been trained. Moreover, my uncle, who is only 43 years old this year, is the most golden age in a man's life. Therefore, since my uncle plans to change his career, Yang Jing absolutely doesn't mind letting my uncle do more business.

Moreover, Yang Jing has a preliminary plan for what to let her uncle do.

PS: bow and thank "zilaiye ¥" and "lonely Dongxin" for their 100 rewards!





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