Chapter 708: Chapter 532: Mortgage Loan

After the Russian representative proposed using gold to exchange for enough foreign currency, the negotiation on the loan could proceed normally.

Regardless, gold is still very attractive to a country, especially in the era when the gold standard is widely adopted around the world.

It can be said that the amount of gold a country possesses represents the amount of currency it can issue.

Having enough gold reserves not only affects the credibility of a country's currency but also the specific value and value preservation power of its currency.

Australasia has accumulated quite a bit of gold in these 20 years, but it is destined not to be comparable to those established powerful countries.

Especially the old powers headed by the British and French, who have accumulated a large amount of wealth in their centuries of domination, including property and gold extracted from colonies and other countries.