During the war, currency (RMB, etc.) will be depreciated. In general, what transactions are it? Some people say that they use rare metals such as gold. In addition to decoration, does gold have demand?
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Hard Currency
The hard currency refers to gold in the era of gold. In modern times, it refers to currency with good international credit, stable currency value, and strong exchange rates. Due to the different degrees of inflation in various countries, the state of income and expenditure and foreign exchange control is different. When the inflation of a country is low and the international revenue and expenditure surplus, the country's currency value is relatively stable, and the exchange rate is strong. In the international financial market, it is used to call it hard currency.
The soft currency is relative to hard currency. It refers to currency with unstable currency value and weak exchange rate. Due to excessive currency issuance, currency gold content or purchasing power continues to decline, and the price comparison of currencies with other countries will continue to decline. In addition, a large number of deficits in international revenue and expenditure will also continue to decline in the exchange rate of currencies and currencies in other countries. In the international financial market, currencies that are constantly declining this currency value and weak exchange rates are called soft currency.
In fact, hard currency and soft currency are relatively speaking, and it will change with the changes in the country's economic and financial conditions. For example, the US dollar was hard currency in the 1950s. In the late 1960s and 1970s, due to the high inflation rate in the United States and a large number of international revenue and expenditure deficit, the US dollar exchange rates declined. Essence In the early 1980s, the United States implemented high interest rate policies and tightening silver root policies. The US dollar exchange rate continued to rise, and it became a hard currency in the international financial market.
In addition, it has another meaning of hard currency and soft currency. After the Second World War, some currencies that did not implement foreign exchange controls, free and infinitely exchanged gold and currencies in other countries in the international financial market were called hard currencies. Soft currency refers to the implementation of foreign exchange control, not free exchanges of gold, and currencies in other countries.
For example: RMB is called "hard currency" in North Korea.
Gold, such precious metals, have magical magic. It is rare, precious, and stable. It is a symbol of wealth and identity. It has always been the goal that people pursue and the status. Everyone knows that having gold is equivalent to having wealth, which is determined by the unique characteristics of gold. Therefore, people have always used it as financial reserves, currencies, and jewelry. Of course, the use of gold is not limited to these areas.
The luxury of gold has used it since ancient times, everyone has used it as jewelry decoration. Gold's monetary product attributes determine that gold is widely used in financial reserves. Due to the excellent characteristics of gold, the function of gold as currency in history, such as value scale, circulation means, storage methods, payment methods and world currencies.
It gold is also applied to industrial and scientific and technological. Because gold has a unique and perfect properties, it has extremely high corrosion stability; good conductivity and thermal conductivity; the atomic nucleus of the gold has a large capture of the effective section of the neutron; ; It has various touch -media properties in the alloy of gold; gold is also good for processing, which is easily processed into ultra -thin gold foil, micron gold silk and gold powder; Under certain pressure, gold is easily welded and forged; gold can be made into superconductors and organic gold. Because of so many beneficial properties that it has reasons to widely use the most needed modern high -tech industries, such as electronic technology, communication technology, astronomical technology, chemical technology, medical technology, etc.
With the development of socio -economic development, the economic status and application of gold are constantly changing.二十世纪70年代以来黄金与美元脱钩后，黄金的货币职能在减弱，除了金融储备等功能外，黄金的投资功能逐渐显露出来，黄金投资开始兴起，黄金作为一种投资品被投资者用于Investment areas.
Gold and silver, in addition, after World War II, the diamond became a hard currency!
Hard currency is usually issued by highly industrialized countries. It has been widely accepted by the world for trade payment. Its currency value remains stable in the short period of time, and has high liquidity in the foreign exchange market.
This hard currency refers to currency with better international credit, stable currency value, and strong exchange rates. Due to the different degrees of inflation in various countries, the status of international revenue and expenditure and foreign exchange control degree, when the inflation rate in one country is low and the international income and expenditure surplus, the country's currency value is relatively stable, and the exchange rate is strong. In the international financial market, it is used to call it hard currency.
Gold and silver