美元信用体系崩塌前奏？多国计划将黄金存在中国，柬埔寨已经选好场地

Core Viewpoint - Gold is regaining attention as a traditional safe-haven asset amid the instability of the dollar credit system, with countries like Cambodia leading the way by entrusting their gold reserves to China, indicating a potential shift in the global financial landscape [1][2]. Group 1: Gold Reserves and Global Trends - China's gold reserves have increased significantly, with an addition of 351 tons in the first two quarters of this year compared to the same period in 2020, surpassing India's increase of 219 tons over the past five years, showcasing China's growing confidence in the global gold market [2]. - Despite the increase, China's gold reserves remain insufficient compared to developed countries like the U.S. and Germany, suggesting that China will continue to enhance its gold reserves to secure a more prominent position in the global economy [2]. - Cambodia's decision to store its gold reserves in China, backed by strong bilateral trade relations, may inspire other Southeast Asian countries to follow suit, potentially revitalizing China's gold market [2]. Group 2: Geopolitical Implications and Financial Strategy - Cambodia's choice to collaborate closely with China reflects not only economic interests but also a strategic foresight regarding future international dynamics, potentially enhancing Cambodia's influence in regional and global affairs [3]. - China's ambition to become a global gold reserve center aims to create a financial environment independent of the dollar and Western financial systems, which could reshape the global financial order [5]. - The current U.S. government faces challenges such as a potential shutdown and rising inflation, increasing the demand for safe-haven assets like gold, while central banks worldwide continue to purchase gold, signaling a shift away from reliance on the dollar [5]. Group 3: Challenges and Market Dynamics - The rise in gold demand may lead to increased market price volatility, and concerns regarding the transparency of China's gold reserves could hinder its goal of becoming a reserve center [5]. - Geopolitical changes, including wars or major conflicts, could significantly impact gold supply and demand dynamics, making these uncertainties critical variables in the future gold market [7]. - The evolving global financial system is underway, with countries reassessing their gold storage strategies, and Cambodia's early actions may serve as a catalyst for broader changes in the international financial landscape [7].