rule
Five hundred and twenty gold is:
500*50*383.88
=25000*383.88
=9597000 yuan
The exchange rate between RMB and gold and the international gold market of RMB will affect international relations. It is said that the pricing power and influence in the RMB international gold market are also increasing, which is a "trump card" against the US dollar.
The pricing power and influence of RMB in the international gold market are also increasing. According to the data of China Gold Yearbook 202 1 released by China Gold Association a week ago, in 2020, the total gold trading volume of Shanghai Gold Exchange, Shanghai Futures Exchange and commercial banks was 95,500 tons, accounting for 13.72% of the global market. By the end of 1 year. According to the report of the World Gold Council, in July, the trading volume of gold futures in Shanghai Gold Exchange and Shanghai Futures Exchange was 532 tons and 3462 tons respectively. Data show that China's net gold import in June was 68 tons, reaching 247 tons in the second quarter, up 232 tons year-on-year. In the second quarter, the demand for gold in China increased by 52% year-on-year and 4% compared with 20 19, which further enhanced China's international gold. According to the latest data provided to the reporter of BWC Chinese website 100 two weeks ago, since the first precious metal option in China was listed and traded a year ago, the pricing function of RMB has initially appeared, further increasing the share of China market in the international gold market. Since the listing of RMB gold futures, the annual turnover has increased from 34.76 million lots in 20 16 to 52,465,438 lots in 200217.
The gold standard system is the gold standard system, which is a monetary system with gold as the bookkeeping base currency. Under the gold standard, the monetary value of each unit is equivalent to a certain weight of gold (that is, the monetary gold content); When different countries use the gold standard, the exchange rate between countries is determined by the ratio of the gold content of their respective currencies-the unified price of gold. The gold standard became popular in the middle of19th century. There are three forms of gold standard in history: gold coin standard, gold nugget standard and gold exchange standard. Among them, the gold coin standard system is the most typical form. The narrow sense of the gold standard refers to this monetary system.