The old saying "rich in jewelry, poor in traveling money" reflects the importance people place on gold. This is evident in the fact that both the bridegroom's betrothal gifts and the bride's dowry typically include gold during weddings.
Especially after the financial crisis, the price of gold has been continuously rising, which has brought joy to those who already owned gold.
Gold is also the most important factor in economic reserves, and for a country, gold storage is very important. Over the years, countries around the world have been continuously accumulating gold.
How much difference is there in gold reserves between China, the United States, and Russia?
Russia
In the past, Russia did not value gold, and many Russians even thought gold was useless. It was not until Russia had conflicts with Western countries that they suddenly realized that gold was the biggest backbone of their voice.
Since then, the whole country of Russia has fallen into a "crazy" state of hoarding gold. However, it was a bit late when they realized that gold was the hard truth.
By the end of December 2023, Russia's total gold reserves reached 2,350 tons!
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The most important thing is that Russia's gold reserves have repeatedly hit new highs, and now the total amount accounts for more than 30% for the first time in 25 years. Once this data comes out, everyone knows that Russia has truly realized the value of gold, which is why they are so crazy about swallowing gold.No one could have anticipated that amidst the rising gold prices, Russia would still possess such a substantial reserve. This realization has led many to acknowledge that they had previously underestimated the might of this warrior nation.
However, Russia has also suffered significant losses due to its gold holdings. When Western countries imposed sanctions, Russia's overseas gold was directly frozen.
To be honest, the value of gold as a store of value has far exceeded everyone's expectations, especially in recent years as gold prices have been fluctuating. Many have capitalized on these market trends and made substantial profits, leading to the popular saying online, "Gold makes more money, all thanks to early investment."
Nowadays, with such a large accumulation of gold, Russia holds a considerable fortune. It is likely that Western countries will have to think twice before taking any further actions against Russia, as the nation now has genuine leverage.
As an indispensable economic powerhouse, how much gold does the United States have in its reserves?During World War II, the United States was the biggest beneficiary. Since then, the U.S. has begun to amass a large reserve of gold. Throughout this period, the amount of gold they acquired was incalculable. Today, it is likely that the United States' gold reserves have reached an astronomical figure.
At that time, any country wishing to purchase weapons from the United States had to choose to pay with gold, which was a special requirement from the U.S.
From this, one can also see the cleverness of the United States and must admire its sensitivity to economic development. In every turbulent era, gold is the most crucial asset. There is some reason why the United States has been able to maintain its position as an economic powerhouse.
So, seeing this, some people may be anxious to know: how much gold does the United States have in storage today?
According to reports, the current gold reserves of the United States are specifically 8133.5 tons, firmly holding the world's number one position!
It is precisely with its vast gold reserves that the United States occupies a dominant position in the global gold market. Few people know that the reason why the dollar is prevalent in the world is largely because the United States holds a large amount of gold.
When people see that the United States has 8133.5 tons of gold in storage, many will be surprised. However, those who regularly follow international gold reserves will know that the United States has maintained its gold reserves at around 8133.5 tons for more than a decade without fluctuation.Even so, the United States' leadership position in the world economy remains unshaken, which indirectly reflects the maturity of the United States' gold storage strategy.
To this day, many countries are still frantically hoarding gold, which has led to the fact that the world's gold reserves are not all increasing. After all, there must be a seller for a buyer; only when someone sells and others buy can the reserves increase. Therefore, the gold reserves of many countries have been fluctuating.
Chinese Gold
Since ancient times, the Chinese have had a particular fondness for gold, so over the years, people have been continuously accumulating gold. The most frantic period was during the international gold price crash in 2013, when many people were red-eyed with the rush to buy gold.
That time also had a significant impact on many financial sharks on Wall Street in the United States. At that time, they maintained a spectator status, but they never expected that we would bring them a shock directly.
It was also from that time on that the Chinese became internationally known as "gold hoarders." However, despite the enthusiasm of the Chinese people for hoarding gold, the country does not show much enthusiasm in terms of gold reserves.
The official data released last year showed that China's gold reserves were only 2063 tons, a figure that left many people puzzled.Given the Chinese people's fondness for gold, it is hard to believe that the country would only have such a small amount of gold reserves. It's not even close to the United States, and it's even less than Russia's. Is there some other consideration behind this?
In fact, it's not that the country has any other thoughts, but it's really because the international gold market has been firmly controlled by the United States over the years, coupled with China's continuous economic development, making it difficult to focus on multiple things at once.
However, as China's economic system becomes more mature, the country has finally been able to start accumulating gold. The news that China's gold reserves have increased for 14 consecutive months has also greatly relieved the concerns of the Chinese people.
Moreover, don't be fooled by the seemingly small amount of gold reserves in our country. In fact, the amount of gold held by the Chinese people is extremely terrifying, even many times more than the gold reserves of the United States.
This is probably the main reason why the country was able to focus on economic development in the past few years, after all, although the country's reserves are not much, the reserves held by the people in our country are a lot.
This also indicates that the gold held by other countries is not to be feared, the main strength is still in our country!