According to the latest data of the World Gold Council, China's gold reserves rank sixth in the world, accounting for 1/46 of the US foreign exchange reserves. At present, China's foreign exchange reserves still rank first in the world, but its gold reserves are only 1 054. 1 ton, accounting for only 1.6% of foreign exchange reserves, far below the global average. This is due to: 1, attitude change; Global central banks snapped up gold. After selling gold vigorously in the past 20 years, central banks became net buyers of gold last year to diversify their foreign exchange reserves and reduce their dependence on the "weak" dollar. 2. Since 2003, the proportion of foreign exchange reserves has been declining; However, considering the increase of other foreign exchange reserves, the proportion of gold in China's foreign exchange reserves has been declining since 2003. Personal opinion: the government does not have to "hide wealth in gold". Most of the gold reserves are in the hands of governments around the world. Any attempt to sell a large amount of gold quickly may depress the global market price and eventually lead to an agreement among central banks to restrict further sales. The value of preventive reserve assets held for intervention purposes may decline once they are used for intervention. Although gold still has investment value in the short term, in the long run, with the economic recovery in Europe and the United States and the measures taken by emerging market countries to control inflation, the gold rally will not last long and will definitely reverse.