After Myanmar’s latest gold reserves were announced.
Instantly.
Those rumors from India.
Were imdiately cowed.
The behavior of the Myanmar Central Bank is like boldly slamming a big pile of money on the table, asking: Surrender? Faced with such a local tyrant’s move.
They can only obediently kneel.
...
Simultaneously.
This 800 tons of gold has increased many countries’ confidence in the Asia Dollar even more. Although it can’t surpass the top-ranked United States, it’s enough.
After all.
It’s not like they’re going to challenge the dollar or Euro’s status. If they just want to compete with the British Pound, this gold is enough, as the United Kingdom can’t co up with as much.
At this mont.
So savvy people can’t help but think that Myanmar announcing its gold reserves at this ti seems to be targeting the British Pound, leaving Ling speechless again.
One might ask.
Even if they surpass the British Pound, what’s the point?
In front.
The two great mountains will suffocate the Asia Dollar, as the currency hegemony established over the years by Europe and the US isn’t sothing a re Asia Dollar can challenge.
Furthermore.
Perhaps.
The sanction baton from Europe and the US will co down hard.
...
The United Kingdom.
At this mont.
They see Myanmar’s move and feel a bit dizzy.
"What are they doing?"
"Trying to surpass our British Pound? That’s quite bold."
"Exactly."
"Wishful thinking."
Many people curled their lips.
However.
More people felt a sinking feeling.
"Perhaps."
"It’s really possible, the gap between the Asia Dollar and the British Pound isn’t that big anymore, with the Asia Dollar’s growth speed, plus this increase in official gold reserves."
"British Pound."
"Is in danger."
"..."
For the Asia Dollar to wield a great sword, climbing to fourth place in just a few years, with its sword point aid at their backs, makes people feel a chill.
Frustrated.
Depressed.
The once mighty Never-setting sun nation now feels sowhat like the sun is setting. The United States holds the top spot, with the European Union teaming up by its side, while the United Kingdom’s influence.
Is long not as strong as before.
It even.
Verge on being marginalized.
Now.
Being pushed to this point by a small Southeast Asian country feels deeply uncomfortable, and this discomfort, wrapped by so interested parties.
Is shifted to the European Union.
"It’s all the EU’s fault that we’re in this situation."
"Exactly."
"We should Brexit early, otherwise, Great Britain will lose its future."
"Brexit!"
"Brexit!"
"..."
More and more citizens believe that joining the European Union allowed it to drain Britain’s marrow for growth, with many industries and capital flowing from Britain to the EU.
Industry.
Technology.
Employnt.
.....
Within it, the United Kingdom plays an extrely weak role, wanting to restore the Great British Empire’s glory and save the declining economy, there’s only one path.
--- Brexit.
Otherwise.
If this continues, Britain’s situation will beco even more awkward, with even less presence. Thus, Brexit parades in Britain’s streets have beco increasingly intense.
...
"Oh, the weather’s nice today."
"Indeed!"
"Roy City’s house prices have increased again."
"..."
Sour from head to toe, India can only switch the topic to ease the embarrassnt, and soon they found another target to be sour about, their neighbor Huaxia.
Indian netizens began to be sour about the RMB, feeling that Huaxia’s gold reserves.
Are too small.
With that amount, still thinking of internationalizing?
However.
Soon.
"Slap!"
Another loud slap ca. Very resounding.
November 21st.
In the morning.
The Huaxia Central Bank announced, after acquisitions through various channels, Huaxia’s current gold reserves have exceeded 3,000 tons, reaching 3,250 tons.
"..."
Instantly.
Major Indian dia were once again silenced. This slap ca too fast and too ruthlessly; 3,200 tons of gold shooting to global fourth place.
First, the United States.
Second, Myanmar.
Third, Germany.
Had it been a few years ago, they would have definitely jumped to third, but don’t forget Myanmar, which had sold gold three tis in recent years.
Totaling 1,800 tons.
As a result.
The gold reserves of other countries all had a slight increase.
This ti.
The world was in an uproar.
"How...is this possible?"
"Exactly."
"Where did Huaxia get such gold? 3,200 tons, more than doubled, and it was suddenly announced without any hints, hidden so deeply!"
"Uh-uh!"
"Is it possible it had it all along but was keeping a low profile?"
"Can’t rule out this possibility."
"Envious."
"..."
Everyone was shocked at Huaxia’s gold reserves, from the original thousand-so tons, now exceeding 3,000 tons, more than doubling.
Could it be.
Huaxia found a gold mine too?
Ah!
Possible.
After all.
Huaxia has always been discreet, and if they secretly mined a large gold mine like Myanmar, that’s very probable too.
Just.
Feeling a bit stuck!
Why?
Why is it always the East?
...
Huaxia.
Online.
Has beco extrely lively.
"What? We have over 3,000 tons of gold? What’s going on?"
"Good news!"
"Right, it used to be around a thousand tons, too little, now over 3,000 tons, global fourth, with a bit more effort, it’d be great to surpass Germany in third place."
"Agreed!"
"Let’s aim for third, as for second... better not."
"Why?"
"Who knows if Myanmar’s gold mines are exhausted, it sold a thousand tons just this year, plus the Central Bank’s new 800 tons."
"This abnormal case can’t be compared."
"True."
"..."
Everyone was shocked about this news, and after the shock, rejoice for the nation. 3,000 tons of gold, that’s a massive number.
Congratulations.
Pretty impressive.
However.
People were still a bit curious where this gold ca from. The Central Bank didn’t explain much, only saying it was acquired through various channels.
Regarding which channels, not a single word.
...
Myanmar.
Nepidaw.
Embassy.
Sun Jiang saw this news and smiled in his heart, knowing that with the announcent of gold reserves, confidence in the RMB on the international market would also increase.
However.
A vague feeling surfaced, suggesting that Myanmar’s large-scale sale of gold seed to have another purpose, perhaps to---reshape the value of gold.
The more he thought about it.
The more likely it seed.
Furthermore.
Myanmar’s gold production might be much more than he anticipated. Just this 800 tons of gold was sowhat beyond his expectations.
A couple of months ago.
They had just sold a thousand tons.
Now.
Another 800 tons appeared.
At the sa ti.
Since the deadline hasn’t arrived, Huaxia’s gold transactions with Myanmar haven’t stopped, leaving him puzzled---how much undisclosed gold does Myanmar still have privately?
Five hundred?
A thousand?
Or more.
Heavens!
Gold isn’t like iron ore; how can Myanmar have such high production locally? Other countries struggle to produce how many tons a year?
After catering to local demand.
What’s left over.
There’s really not much surplus, whereas in Myanmar, aside from these official gold transactions, private gold trading hasn’t stopped, aning.
Official sales (a thousand tons).
Official reserves (800 tons).
Private sales (secretly sold to Huaxia, with a transaction volu of 1,200 tons this year).
Private market (supplying locally, no less than 500 tons).
Just these four.
Total 3,500 tons, plus the last item---Myanmar’s hidden undisclosed production. Adding these up, it will approach or exceed 4,000 tons.
"..."
Just thinking about it.
Sun Jiang felt shocked!
User Comments
0 comments from readers