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What are the benefits of storing gold in the face of the financial crisis?
Under the background of RMB internationalization, it is necessary to increase gold reserves. Behind the strong RMB, there must be not only a strong developing economy as the backing, but also gold reserves as the support, which will provide a solid backing for the RMB to go abroad in the future. Zou Pingzuo, a researcher at the Research Bureau of the People's Bank of China, told Shihua Financial News that the increase in gold reserves is very beneficial to the international competitiveness of the RMB. First, it can gain more trust, second, it can have more material foundation, and third, in the case of relatively low global energy resources, it has become an important symbol of the future strength of the RMB through a large number of acquisitions. Using these foreign exchange reserves to purchase these resources can provide more material basis for the future RMB, rather than foreign exchange.

Zou Pingzuo also said that increasing reserves is indeed conducive to preventing the financial crisis. In the case of inflation expectation, it is conducive to increasing the response of resources to possible currency inflation and avoiding foreign exchange risks. In the long run, if China obtains gold through various channels and is a gold-producing country, it may soon become the third and fourth grade consistent with GDP.