Will gold rise with the introduction of digital currency

1. Can gold digital currency be invested? I think gold, digital currency, can be invested. For many years, gold has been increasing in value. So I think we can invest.

2. The digital currency should be linked to gold, and then, for example, in exchange for the US dollar, it is linked to gold. The currency fluctuates up and down with the appreciation or depreciation of gold.

3. Here is Jack coin circle club to share with you what Ethereum is? It is no different from the stock, just change the name, buy low and sell high! Of course, you can also buy or drop, which is different from a shares.

4. Gold has always been a perfect hedge asset. For those who do not trust the government and the modern monetary system, gold has always been a very good investment. However, after 2009, although gold is still a safe haven asset, it is no longer the only safe haven asset. Investors began to have another choice bitcoin. What's more, bitcoin will become the gold standard of the new era

the trend of bitcoin is forming a "modern gold standard". Many people who are worried about the stability of credit currency or eager to protect their assets before the next financial crisis are keen on this kind of electronic currency

e to the convenient trading, anonymity, value preservation and other characteristics of bitcoin, many investors rush into the bitcoin market and give up the gold market. Therefore, the sharp rise of bitcoin is unfavorable to the gold market

when the expectation of unknown risks is more and more strong, the hedging property of gold will be highlighted.

5.

Bitcoin's popularity means that gold, which is also a safe haven asset, will also usher in a rising opportunity

gold is a traditional wealth inheritance asset, which is easy to carry and store, and has a higher recognition. Although bitcoin has its advantages, people's trust in it is still not high. As a wealth storage tool, bitcoin faces many risks, such as government regulation, bitcoin code problems, and other electronic currency competition, which can lead to its value becoming zero

Before the 1970s, the price of gold was basically decided by governments or central banks, and the international price of gold was relatively stable. In the early 1970s, the gold price was no longer directly linked to the US dollar, the gold price was graally marketized, and the factors affecting the gold price were increasing. Specifically, it can be divided into the following aspects:

the gold stock on the earth: there are about 137400 tons of gold in the world, and the stock of gold on the earth is still growing at a rate of about 2% every year

annual supply and demand: the annual supply and demand of gold is about 4200 tons, and the annual new output of gold accounts for 62% of the annual supply

cost of new gold mining: the average total cost of gold mining is slightly less than $260 / oz. Due to the development of mining technology, the cost of gold development has continued to decline in the past 20 years

political, military and economic changes in gold procing countries: no doubt any political and military turbulence in these countries will directly affect the amount of gold proced in the country, and then affect the world gold supply

Central Bank's gold selling: the central bank is the largest holder of gold in the world. In 1969, the official gold reserve was 36458 tons, accounting for 42.6% of the total surface gold stock at that time. In 1998, the official gold reserve was about 34000 tons, accounting for 24.1% of the total gold stock that has been mined. In terms of proction capacity, this is equivalent to 13 years of world gold proction

because the main use of gold has graally changed from an important reserve asset to a metal raw material for jewelry proction, or to improve the country's balance of payments, or to curb the international gold price, the central bank's gold reserves have declined greatly in both absolute and relative quantities in the past 30 years, The decline in the amount of gold mainly depends on the gold market to sell off inventory reserves of gold

for example, the Bank of England's large-scale selling, the Swiss central bank and the International Monetary Fund's preparation to rece gold reserves have become the main reasons for the decline of gold price in the international gold market

6.

this is the recent trend of international spot gold, which can be seen at a glance

7. Gold jumped in 2020, mainly because of COVID-19's worldwide influence.

8. If RMB appreciation, gold will rise. Because if the RMB rises, or if the currency is weak now, gold will rise. Because gold is a hedge against inflation. RMB appreciation or worthless, that is to say, when inflation occurs, gold is a hard currency, and paper money is only a virtual currency. When the economy is not good, it will trigger a kind of risk aversion. Gold has the function of long-term preservation and hard circulation, so gold will rise in the case of bad economy. For example, this year's global economy is in a volatile pattern, with RMB appreciation, US dollar depreciation and Greek debt crisis. All of these have made gold keep going out of the new high in recent months. We are specialized in gold investment of domestic banks. Although you think it's boastful of me to say so, it's an indisputable fact that gold has gone up. If you are interested in gold investment, you can learn from each other.

9. Gold is priced in US dollars. In China, the appreciation of RMB means that the US dollar falls. If the US dollar falls, gold will naturally rise

10.

bus route: 212 → 701, the whole journey is about 32.1km

1. Walk about 370m from huaguoyuan CBD to huaguoyuan Street Station

2. Take 212, pass 1 stop, reach Jiaxiu South Road North Station

3. Walk about 10m, reach Jiaxiu South Road (North) station

4. Take 701, pass 17 stops, reach Gui'an Management Committee station

5. Walk about 410 M, Arrive at Gui'an New District Administration Center