What is the approximate daily trading volume of gold?
How can it be only 6 billion RMB? You know, the daily trading volume of China stock market is also 200 billion RMB. As one of the world's reserve currencies, the daily trading volume of central banks is not less than 500 billion US dollars. You know, gold is placed in the IMF, and you don't need cash at all. They are all margin transactions, plus the fast-forward and fast-out of various institutions and retail investors, and they are basically margin transactions, plus the physical consumption of gold (the transaction volume is very small).