对当前提高中国黄金储备规模的思考

Improve on the Current Scale of China's Gold Reserves

自20世纪70年代以来,黄金在国际储备中的地位被主权货币所取代。但近年来,随着美元对国际主要货币汇率的频繁下挫和当前为应对金融危机所采取的定量宽松政策,以美元为主要外汇储备形式的国家面临严重的汇率风险损失和实际资产缩水,提高黄金储备规模由此受到广泛关注。对此,在深入分析全球黄金储备变动情况的基础上指出,一国只有根据其外汇储备的管理目标、风险偏好以及对经济发展长期走势的判断等因素来具体选择增持黄金储备资产的规模和时机并采取科学、审慎、灵活的管理策略,才能实现缓解外汇储备风险、维护国民财富安全的目的。

Since l970s,gold in the status of international reserve currency replaced by sovereignty currency.But in recent years,as the dollar to the international leading currencies of frequent fell and current in response to the financial crisis has taken quantitative easing,in dollars as the main form of foreign exchange reserves the country faces serious exchange rate risk loss and actual asset value,improve gold reserve scale direction-sense was widespread concern.To this,based on thorough analysis of global gold reserves fluctuant circumstance based on points out,one country only according to its foreign reserves management objectives and risk preference for economic development and long-term trends judgment such factors as specific choice additional gold reserve assets of the scale and timing and adopt scientific,prudent and flexible management strategies,achieve alleviate reserves risks and maintaining the national wealth security purposes.