Gold Investment Network Gold Price Charter Mobile Phone
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Gold Investment Network Gold Price Charter Mobile Phone
Because of the convergence of the market trend, the foundation difference between gold (that is, the difference between the spot price of gold and the futures price) will continue to decrease with the approach of the futures delivery period. At the delivery period, the futures price and the spot price of the transaction are roughly equal. Theoretically, the futures price should stably reflect the cost of holding the spot price plus the holding period of a specific delivery period.
This information
1. The history of international gold transactions can be divided into four stages:
The first stage of the imperial power (before the 19th century). Prior to the 19th century, due to extremely rare, gold was basically a symbol of wealth and power exclusive to the emperor; plunder and reward became the main way to circulate gold, and the market exchange method of free transactions was difficult to develop.
The second stage: During the Golden Squad (early 19th to the 1930s). At the beginning of the 19th century, we had discovered a wealth of gold and mining resources in various places. Gold productivity developed rapidly, and the gold -standard system was established.
The golden standard system is gold, which can be freely entered and exported. When international trade appears deficit, you can pay with gold; in China, gold can be used as currency circulation. The gold standard has three major characteristics: free casting, free exchange, and free output.
The golden skills began in Britain in 1816. By the end of the 19th century, the main countries in the world basically implemented the "golden -based".
The third stage: the Bretton Forest system (from the 1940s to the early 1970s). In May 1944, the United States invited the representatives of the 44 government governments to prepare the United Nations to hold a meeting in the Bretton Forest in the United States to sign the "Bretton Forest Agreement".
In this system is linked to gold in the United States, and the United States has the obligation to exchange gold at the official price. The currency of various countries is linked to the US dollar, the US dollar is in a central position, and the role of world currency.
This is actually a gold exchange system. Because gold is the last screen barrier to stabilize this currency system, the prices and flow of gold have been strictly controlled, and countries prohibit residents from buying and selling gold freely, and the market mechanism is difficult to effectively play a role.
It -stage: Gold non -monetization period (from the 1970s to the present). The result of international gold non -monetization has made gold a commodity that can be freely owned and freely traded, and the gold market has developed.
2. The legal process of gold non -monetization in the international monetary system has been completed, but gold has not completely withdrawn from the financial field in the actual economic life. State or individual's reserve assets.