Gold Reserves Of The Status And Mode Of Administration, Research,

After the establishment of the international monetary system in Jamaica, the function of gold as currency is gradually weakening with the demonetizations of gold. But gold is so especially that some functions of gold, such as value reserve, become important when financial crisis happen. It is obviously that gold will still be an important part of the international reserves in the long term.Because of the difference in the status of politics and economy, the policy of gold reserves, as well as the pattern of gold reserves management, is totally different between developed and developing country. In recent years, with the increase of domestic exchange reserves annually and decrease of dollar rate, an exchange risk exists in Chinese finance system. On consideration of many factors, we should manage Chinese gold reserves actively and effectively, in order to optimizing the structure of Chinese international reserves, keeping away china from the singleness and centralization of foreign reserves and holding the value of Chinese international reserves.After analyzing the pattern of gold reserves management in other country, we suggest to open the imports and export of gold, implement the policy of"gold held by people"and introduce gold lease, so as to deal with dollar devaluation, reduce excessive protect from financial crisis and maintain financial stability.