5000 tons of gold supports legal digital currency

1.

It's illegal

the central bank indicated that it has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency

In addition, the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

extended information:

virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency

in 2013, the central bank, together with five ministries and commissions, issued the notice on prevention of bitcoin risks, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, which do not exist in the form of currency and legal currency

2.

[main answer]

at present, China does not support the circulation of digital currency, so there is no legal digital currency

[development materials]

digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

digital gold currency is a kind of physical currency, and its deposit is measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value. Since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self regulatory manner. Digital gold money suppliers are not banks, so banking regulations are not applicable. However, the global digital currency Association, founded in 2002, is a non-profit association of online currency operators, convertors, merchants and users. This association supervises the users' reports and ratings the reputation of the convertor. The rating operation is confirmed by the users' reports

3.

1. Bitcoin

the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system

2. Litecoin (LTC) is an improved version of digital currency inspired by bitcoin. It was designed and implemented by a programmer who worked in Google. It was released on November 9, 2011. Lightcoin and bitcoin have the same implementation principle in technology, but the creation and transfer of lightcoin is based on an open source encryption protocol, which is not managed by any central organization

extended data

characteristics of bitcoin currency:

1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom

2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution

4. Far away is king, can the sky drop pie? Can it be your turn when pie falls from the sky?

5. No 5000 tons, only 600 tons. 5000 tons is a huge amount
in the 1990s, the western countries headed by the United States threatened to impose sanctions on China and implement economic blockade. At that time, China was just in the period of rapid development of reform and opening up and was very dependent on exports. If it was blocked by the economy, it would be a big trouble
so we have to negotiate with the United States, one of which is to ship gold reserves to the United States
in the current situation, it is extremely risky for gold to continue to be placed in the United States, and the Chinese government should actively transport the gold reserves back to China

China's real gold reserves are in China
first, the bank vault< Second, the national strategic reserve
thirdly, all kinds of private shops and people's hands
don't be deluded by some ignorant people on the Internet into thinking that China has deposited its gold in the United States.

6. In this way, one ounce of gold in that year was about $35.

roughly, one gram of gold was $0.9.
one kilogram of gold was $900, and one ton of gold was $900000; 5000 tons of gold is $4.5 billion

the following is the purchase price of the U.S. Army Air Force at that time
B-17 $204370. P-40 $44892.
B-24 $215516. P-47 $85578.
B-25 $142194. P-51 $51572.
B-26 $192426. C-47 $88574.
B-29 $605360. Pt-17 $15052.
P-38 $97147. At-6 $22, 952.

the price of a 10 Wheeler dodge truck is about $2000
the price of M4 steamed bread is about $30000

7. In this way, one ounce of gold in that year was about $35.

roughly, one gram of gold was $0.9.
one kilogram of gold was $900, and one ton of gold was $900000; 5000 tons of gold is $4.5 billion.

the following is the purchase price of the U.S. Army Air Force at that time.
B-17 $204370. P-40 $44892.
B-24 $215516. P-47 $85578.
B-25 $142194. P-51 $51572.
B-26 $192426. C-47 $88574.
B-29 $605360. Pt-17 $15052.
P-38 $97147. At-6 $22952.

you can buy it by yourself

8. You can take a bus or take the subway. The bus costs 10000 won. If you take the subway, you can see the place. You can go to Hongda 3600. The subway is cheaper than the bus, but the bus is convenient, because the first time you go to the subway, you may feel dizzy.