二战后，美国从欧洲接手大量金条，建起美元体系，那时候的储备一度超两万吨。现在虽减了些，但核心部分没动，存放在诺克斯堡的地下库房里。 俄罗斯呢，从苏联时代继承下来的底子，在普京手里慢慢加码，到2025年9月已达2330吨左右，主要靠本土矿产自给。 中国储备在2025年第三季度是2303吨，增速不慢，但跟经济体量比，还只是个小比例。这些数字背后，是各国对金融安全的不同理解，美国靠老本，俄中在 追赶中找平衡。 储备差距不是天生的，而是战略选择的结果。美国黄金占比外汇储备高达69%，这让美元在全球晃荡时总有底气。 记得2022年俄乌冲突爆发，西方冻结俄罗斯资产，那时候俄央行靠黄金稳住卢布，没让经济彻底趴下。俄罗斯从2014年起，每年增持上百吨，到2025年占比 达26%，这不光是钱的问题，更是独立于西方体系的生存之道。 中国策略更稳扎稳打，从2009年公开增持开始，逐步减美债买黄金。2025年上半年，金价虽高，但央行还是低调加了点，目的就是为人民币走出去铺路。 黄金在当今世界，不再是古董级的避险品，而是活生生的金融武器。美国储备多，但2025年债务堆积如山，黄金成了隐形担保，避免信用崩盘。 俄罗斯面对制裁，黄金帮它建 ...

Group 1 - The core idea is that China is likely to approve its first RMB stablecoin by the end of the month, which represents a strategic move in the digital currency era, challenging the existing global financial order [1][8] - Stablecoins are digital international payment tools that maintain relative stability by being pegged to currencies like the US dollar, and the introduction of a RMB stablecoin could facilitate direct settlements in cross-border trade, particularly along the Belt and Road Initiative [1][3] - The significance of the RMB stablecoin is highlighted by the ongoing push for a "dollar stablecoin" by the US, which aims to maintain the dollar's dominance in the digital finance era, making it crucial for China to respond to avoid reliance on the dollar in trade with regions like Southeast Asia and Africa [3][7] Group 2 - The global stablecoin market is currently valued at approximately $130 billion, with over 90% being dollar-based, indicating that China is lagging behind in this emerging market [7] - The introduction of a RMB stablecoin could potentially create risks, such as becoming a channel for capital flight and vulnerabilities to cyberattacks, which could undermine international confidence in the currency [5][8] - The International Monetary Fund (IMF) predicts that the share of stablecoins in cross-border payments could double in the next five years, emphasizing the urgency for China to act now to secure its position in the market [7]