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

This sentence is enough to illustrate the status of gold in the current global financial industry, and 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? It’s very simple, because the US dollar is the only settlement currency in the world!

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

Although gold had withdrawn from the currency circle decades ago, no one could deny that even though gold was no longer a currency, no matter which currency, it was not as final as gold!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?

If there is not enough gold reserves, who in the world can recognize your dollar?

Last year, in 2018, the United States still had the largest gold reserve in the world, with its gold reserves as high as 8,200 tons! If other countries have kept gold reserves 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 United States ranked first in the world's gold reserves. In fact, in the middle of the last century, that is, in the years when World War II just ended, the United States' gold reserves once reached 21,800 tons!

The other name 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 hardest hard currency in the world!

Moreover, it is not only the United States, but also the developed countries in Europe, such as Germany, France, Italy, Switzerland, the Netherlands, etc., which rank 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, France, Germany, Italy and the Netherlands, account for more than 65% of their foreign exchange reserves.

In other words, the foreign exchange reserve method of these four developed European countries is mainly gold!

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

What does this mean? It’s very simple. Among these old economic powerhouses in Europe and the United States, gold is still the most important “monetary margin”.

This is true for countries and so is consortiums.

As mentioned earlier, the core business of a consortium must be the banking industry, and how can the bank grow? In fact, it is very simple. As long as your bank has enough gold reserves, your bank will have enough risk resistance. As long as your bank has enough risk resistance, it will attract more depositors to deposit your bank and attract more people to borrow from your bank. In this way, your bank will develop rapidly.

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

Central banks in various countries need gold reserves, and similarly, large-scale commercial banks also need gold reserves. No bank will dislike their own banks' large gold reserves.

To count the major banking groups around the world, whether they are Citibank Group, UBS, HSBC, or Bank of America, or Mellon National Bank of America, they have sufficient gold reserves. Especially some banking groups in the United States, the Federal Reserve's gold reserves are even placed in the underground vaults of these banks!

Gold reserves are the confidence and foundation of major banks!

Since Yang Jing wants to develop his own consortium, the necessary gold reserves must not be missing. Therefore, if the remaining gold in his hand is not encountered in extremely special circumstances in the future, Yang Jing will never sell it to the outside world.

Although gold is not a currency, it is the most popular thing for major banks around the world. In comparison, real estate, gems, diamonds, and antique artworks have far less value preservation performance than gold, and its popularity among major banks is also far less than gold!

It's very simple, antiques are valuable, right? Are they precious? But if you mortgage a famous painting you bought for 20 million US dollars to the bank as collateral, the bank can mortgage you 15 million, even if it's charity, even if it's only worth 10 million US dollars or even less, you won't have any mistakes. Because the bank said that your painting can only be worth so much.

What? If you are not convinced? If you are not convinced, don’t go to my bank to mortgage it. There are other banks outside. You go to their place to mortgage it. See how much those people can pay you! It’s weird that you can get more than me!

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

If gold is used as collateral to be used as collateral, you will never be discounted! Some banks will even pay you more! (ps: Lao Mo is talking about foreign banks, and domestic banks are not in this ranks.)

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 now, he can get a huge amount of more than 12 billion US dollars in cash in a minute.

But Yang Jing would never do this. He is not stupid, and he is not short of money now, so fools will take advantage of this gold!

If so much gold is placed in your own bank as a reserve, then the value of what you can do is definitely more than 120 billion US dollars! That is why fools and stupid people do this kind of thing that throws watermelons and picks up sesame seeds!

Moreover, as the amount of gold that can be mined on the earth is getting smaller and smaller, before finding another new hard currency that can completely replace gold, the value of gold is only getting higher and higher - things are rare and precious, this is a universal truth.

"These gold cannot be taken any longer, and if you have the chance in the future, you have to find more gold to enrich your bank's vault." Yang Jing changed his posture and thought to himself.

Maybe the change of posture alarmed the princess, and the princess' 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 not sleeping yet?"

Yang Jing smiled slightly, possessed himself and kissed the princess' forehead, and whispered: "I can't sleep a little, so I just want to think about something. It's okay, don't worry about me, I will fall asleep naturally when I'm sleepy. You should continue to sleep. Be good and obedient..."

"Yeah..." Princess responded in a daze, turned over and hugged one of Yang Jing's arms, and slowly fell asleep.

After being hugged, Yang Jing couldn't bear to wake up the princess again, so he simply lay down.

The warm quilt made Yang Jing a little confused, so he simply stopped considering the issues of the property in the storage space, but let his thoughts fly for a while, and didn't know what to think of. Anyway, he fell asleep in a daze.

After getting up the next day, Yang’s father had already bought breakfast outside, which was Yang Jing’s favorite fried dough sticks and tofu brain.

I ordered very tender tofu brain, put braised soup, coriander, sesame paste, and chives, and drizzled with a large spoon of red chili oil, and served with fried golden fried dough sticks. Take a bite of fried dough sticks and drink a sip of tofu brain. The taste is that even if you make it to the gods!

Princess has been in Yanjing for a while and is quite interested in this bite, but like Yang's mother, she is not very spicy, so this bowl of chili oil is cheaper than Yang's father and Yang Jing.

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

Yang Jing's grandfather and grandmother's health are now better than Yang Jing's expectations. Yang Jing's grandfather used to be a typical patient with Alzheimer's disease, but now he speaks clearly and has troubled him for decades. Now he has completely solved the problem of ear back that has troubled him.

If I didn't say anything, no one would believe that this old man, who was over 80 years old, had a very dangerous craniotomy nine years ago. He was an old man with severe trauma in the right frontal lobe.

As for the grandmother who had to use the word "moving" to describe when walking, she looked better now than Yang Jing's grandfather. The most important thing is that the old lady is so powerful that she is now walking, so that no one can think that the old lady is eighty years old. You said she is less than seventy this year, and nine out of ten people believe that the remaining one will definitely think that the old lady is only sixty years old this year...

Grandpa and grandmother's health are getting better, which is what makes Yang Jing happiest. Moreover, according to Princess, Princess's current situation is similar to his grandmother, and they are obviously twenty years younger. In that state, how can other old men and women who are about the same age as them express?

The little girl Li Yinuo has already had a winter vacation. This girl is eleven years old after the New Year. And now the children are developing early. This little girl has already reached a slight pace of entering the rebellious period. That is really a cat who is so tired of dogs...

However, the princess particularly liked this little girl. She took this girl to play all morning. I don’t know how these two sisters and sisters-in-law, who obviously have an age gap, could get together and have fun together.

Because my grandfather and grandmother's health improved unexpectedly, my uncle has focused all his energy on his small company these days. Not to mention that my uncle's shift of work focus, the situation in this company immediately improved.

Originally, Yang Jing wanted to introduce some businesses to my uncle, and even timidly changed his career, but my uncle had never made up his mind before.

However, during lunch today, my uncle took the initiative to change careers, mainly because the competition he is currently in business is too strong, and he has not been very attentive to the company in recent years, so even though the company has recovered significantly, my uncle has begun to prepare to start another industry.

Yang Jing naturally welcomed my uncle's idea with both hands and feet. Although my uncle's educational level is not very high, he has been living in society for thirty years and has already developed his skills in all aspects. Moreover, my uncle, who is only 43 years old this year, is the golden age group of a man in his life, so since my uncle plans to change careers, Yang Jing definitely doesn't mind making his uncle's business bigger.

And Yang Jing has already made a preliminary plan for what to ask my uncle to do.
Chapter completed!