Strategy Of The Gold Reserves Of Gold To The People To Build

Since from the monetary system, the role of gold in the country’s economic development has been neglected. However, the scarcity of gold as a metal, the intrinsic value of a relatively stable international economy can withstand systemic risk, has been used as security for reserve assets. So gold reserves as a national credit basis, but also a symbol of the country’s economic and financial strength and international influence, plays an important role in national development. Due to the current size of China’s gold reserves have structural problems, mainly for the country’s gold reserves relative to the stock of foreign exchange reserves and the lack of a huge gap between resident holdings of gold and developed countries. Therefore, China should actively seek ways to increase gold reserves, gold reserves established strategy suited to their national conditions.This paper uses the theory and practice of research methods, the analysis of monetary gold and gold historic property status and effect. And combining theory suggests that structural defects of the gold reserves and the gold reserves to the people to reduce the risk, as well as the important role of the RMB internationalization of China’s monetary policy, demonstrated that the gold of the people of China’s gold reserves as a strategic choice of inevitability. Then combined with China’s basic national conditions, cultural traditions from savings, the household savings rate, long‐term holders of gold assets in four areas of low risk and mature gold market, the gold proved the feasibility of the people strategy.Finally, residents from the supply and demand for investment and consumer demand savings of two aspects of the gold market, analyzing the present situation of the people currently in the possession of the gold. Pointed pointed posing a major obstacle to construction of the gold in people strategy is twofold: First, lack of investment demand for gold residents; Second, the lack of appropriate policy guidance. Therefore, China should accelerate the development of the gold market, gold market trading to further improve the service system, and actively develop gold investment products, complemented by policies to guide and encourage residents of gold investment and consumption, so as to ensure that the gold reserves of the gold to the people of the successful implementation of the strategy.