It is well known that gold is one of the most important resources for a country.
Gold is not only an important currency in global circulation but also an indispensable stabilizer for economic development.
Over the years, with the outbreak of the pandemic and the increase in population, the downward pressure on the economy has been growing.
The upgrade in consumption has turned into a downgrade, and the pressure on the world economy has increased dramatically.
Under such circumstances, the price of gold has not decreased but increased, even doubling!
This is enough to see the importance of gold.
However, there is such a place in the world where countries have stored gold, but now it is difficult to take it back... As the saying goes: "In prosperous times, antiques; in troubled times, gold."
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Gold is different from other currencies, and its existence is absolutely valuable.
No matter in which era, gold is hard currency, which also makes gold an important way for countries to store money.
On the one hand, gold is circulated in the whole world and will not have the problem of exchanging currency.
On the other hand, gold is almost the only currency storage method that will not have accidents.
Paper money is easy to be threatened by water and fire, and it is relatively fragile.
However, gold, as a metal material, will not be consumed in the transportation process.
Therefore, every country has a certain amount of gold reserves, and these gold reserves are undoubtedly an important foundation for countries to stabilize the economy in critical times.
However, it is surprising that some countries' gold is not necessarily stored within their own territory but in another place - the United States.
The United States is the place with the most gold reserves in the world, and many countries' gold is used as a backup resource.
Stored in the United States, even China has 600 tons of gold in the United States.
As the country with the largest population in the world, India's development in recent years is also not to be underestimated.
As of July this year, India's gold reserves have reached 841 tons, which shows the determination of economic development.
However, although India's gold reserves are more than 800 tons, a large part of them are stored in the underground vaults of the United States.
According to the Indian Times, in May of this year, the Reserve Bank of India began to request the transportation of gold from abroad, not only has it transported 100 tons from the United Kingdom.
It has also made requests to multiple gold storage points, and plans to transport a large amount of gold from abroad back to the country in the next few months.
This shows that India has realized the fatigue of the global economy and urgently wants to hold gold in its own hands.
However, when India applied to the Federal Reserve for the transportation of gold, it was rejected by the Federal Reserve.
The reason given by the Federal Reserve is "unclear intentions and threats to financial security", which is obviously very far-fetched, and it is just an excuse for the United States not to transport gold.
India can only watch the gold in the United States, and it is obviously its own money but cannot take it home, which is really a bitter thing to say.
At this time, many people want to know, why should the money of one's own country be left in the United States for nothing?
The habit of storing gold in the United States can be traced back to historical reasons.
On the one hand, after the end of World War II last century, the Bretton Woods system was established, placing the United States in the highest position of the world's currency.
The United States directly linked the US dollar to gold, making the US dollar the most valuable currency in the world, and also the peak of the world economy.
All countries must have an intersection with the United States.
In order to facilitate international trade, all countries have stored a certain amount of gold in the United States for easy conversion during transactions.
Not to mention that after the start of the Cold War, European countries sent gold to the United States in an endless stream to resist the huge pressure of the Soviet Union and maintain their own countries from being economically invaded by the Soviet Union.
Later, although the Bretton Woods system slowly collapsed, the top position of the United States in the world economy has not changed.
The world economy still revolves around the United States, and gold is still the most convenient currency in international trade.
Therefore, all countries have not taken back the gold stored in the United States at that time.
Historical reasons have made all countries eager to transport gold to the United States.
The current international economic situation is tired and no longer full of vitality and opportunities as before the pandemic.
The consumption level of all countries is gradually decreasing, and in order to stimulate people's consumption, prices are getting higher and higher, and the price of gold is also rising.
Gold is now more and more showing its superior investment and good storage value.
Looking at the price of gold this year, the price of gold has risen by 21% in the first half of the year since the beginning of the year.
At the same time, the credibility of the US dollar is getting lower and lower.
The US dollar, which once had the same value preservation as gold, can no longer maintain the same in the state of the decline of the world economy.
Therefore, all countries have seen the value of the US dollar, and it is impossible to be as indisputable as gold.
In order to reduce losses, they all want to get back their own gold from the United States.
In recent years, on the one hand, the decline in the credibility of the US dollar has forced all countries to abandon US debt one after another and exchange it for more valuable gold.
On the other hand, the world situation is turbulent, and the United States often intervenes in the world's turmoil and even wars.
This has made the United States completely lose the trust of other countries in the world.
This country is not enough to let us rest assured to put gold there, because maybe when the United States will turn its back on others and freeze the currency of other countries.
This matter is not big, not small.
After all, under the eyes of so many people in the world, it is difficult for us to believe that the United States can achieve such a domineering behavior.
However, speaking of it again, the United States, as the former hegemon of the world, the situation of "one superpower and many powers" has not changed until now.
If the United States really breaks its face, our first priority is to safeguard the rights and interests of our own country.
In fact, the result of India's failure to get its own gold from the United States this time is still foreseeable.
After all, the United States is not the first time to "swallow" the gold of other countries.
As early as 2013, Germany began to slowly transport the gold stored in the United States back to the country, but it was also opposed by the United States.
So can the 600 tons of gold in our country's underground vaults in the United States be retrieved?
Although even for the sake of face, the United States should not owe money.
Not to mention the gold worth hundreds of billions or even trillions, the United States cannot be in arrears, it is just that it has not reached the point of strong demand...
Looking at the failure of India to get its own gold from the United States, all countries still hold gold firmly in their own hands.
After all, money is only really there when it is in their own hands, and there is no place to cry when we want to cry.
However, even if the United States wants to swallow it alone, it is absolutely impossible.
After all, this amount is not a small number, and they will infringe on the rights and interests of many countries, and they will definitely be counterattacked.