Master Yuan, start!

In other words, if one wants to exchange the 100 million tons of gold needed for the domestic gold standard currency reform, the minimum amount required is 5000 million taels of silver.

The total domestic taxes, namely customs, agriculture, commerce and salt, amounted to only over 8000 million taels per year. They spent as much as they collected, leaving little money.

The war against France was financed by issuing national debts. Now, where can we find these 5000 million taels of silver?

I am only afraid that before the ship leaves Bohai Sea, the great powers will cut the price of silver by another 3%. By the time the ship docks in Europe, it will not be surprising if the price drops by 5%!

If you want to buy back 100 million tons of gold, you will have to pay 8000 million taels or even 1 million taels of silver if you can’t keep it!

How can the Republican government come up with so much silver?"

As soon as he finished speaking, the whole room burst into an uproar.

1 taels of silver, this is too much!

Doesn’t the President have a good relationship with the British?

But according to Zhang Bishi, although the relationship is good on the official level, there is no mercy when it comes to doing business.

Is it really?

Thinking of this, everyone turned their eyes to the Inspector General of Customs, Robert Hart, who was present at the meeting, but they only saw him rubbing his chin in thought, raising his teacup to take a sip.

I don’t know if he was drinking tea to cover up his embarrassment or if he was just extremely calm.

Everyone was confused here, and the debate continued there.

"The gold standard benefits the country and the people. Every day, every day, the rights and interests lost by China are far more than a million taels." Zhu Baosan shook his head, disagreeing with Zhang Bishi's opinion.

"The more this is the case, the sooner we should adopt the gold standard!

European and American countries such as England and Germany all practice the gold standard, and all international trade is settled in gold.

If my country also adopts the gold standard, there will be three benefits:

Firstly, the fluctuations in the silver exchange market can be eliminated, the doubts of foreign merchants can be dispelled, and the international financial situation can be consolidated;

Secondly, the currency is pegged to gold, so there is no risk of silver prices fluctuating, and market prices will not soar;

Third, the domestic currency of silver is often in short supply. If we change the currency to gold, the demand for silver in circulation will be reduced, and the frequent silver shortages will be alleviated.

Zhu Baosan talked about the benefits of the gold standard. Yuan Xiangcheng listened and finally understood that there were three benefits.

8607304. Old man

First, major powers like Britain and Germany had already adopted the gold standard, with most international trade settled in gold. If Republican China were to adopt the gold standard, it would mitigate the impact of silver exchange rate fluctuations on trade, boost foreign investment confidence, and facilitate integration into the global financial system.

Second, under the gold standard, currency is fixedly linked to gold, which can avoid price chaos caused by fluctuations in silver prices.

Third, silver is widely used in China, and silver shortages are frequent. If gold is used as an anchor currency, the demand for silver as a means of payment can be reduced, thus alleviating the "silver shortage"

With so many benefits, it seems that there is nothing wrong with entering the gold standard early.

Yuan Xiangcheng turned his head and looked at Zhang Bishi, wanting to see how he would refute.

"The gold standard prioritizes gold reserves. This is an iron rule." Zhang Bishi glanced at Zhu Baosan and said:

"England's gold reserves are as high as a mountain, thanks to the dual blood transfusions of South African gold mines and Indian silver; France relies on Algeria for its gold mining; and there is a place in the western United States that is rich in gold mines, and it is called San Francisco.

May I ask General Manager Zhu, where is our gold mine and silver ocean?

Do we have to rely on remittances from overseas Chinese?"

When no one answered, Zhang Bishi suddenly softened his tone, changing his earlier harsh tone, and said with a sigh, "I grew up in Southeast Asia, studied in Southeast Asia, and did business in Southeast Asia.

"I know better than anyone that if the hard-earned money of our compatriots in Southeast Asia is to be remitted back to China, it will be cut by 20% after passing through the HSBC bank!"

After Zhang Bishi finished speaking from the heart, everyone present fell into complete silence.

Lu: "Mr. Zhang is absolutely right!"

Everyone turned around and saw that it was Sheng Xuanhuai who was attending the meeting with a criminal record.

Although this former important financial official of Lingnan had just been released from prison, his spirits were not weak at all, and his eyes were as sharp as a hawk: "Everyone, do you remember the crisis in Jiangsu and Zhejiang in the tenth year of Emperor Xianfeng's reign?

After the Taiping Rebellion captured Suzhou and approached Hangzhou, the Qing army, lacking firearms, dared not engage the Taiping Rebellion and attempted to purchase weapons from foreigners with silver. How did the British HSBC and the French Banque de l'Indochine manage to jack up prices, causing the official silver discount rate to drop three times in a single day?

2 In the dead silence, Yuan Xiangcheng stroked the ice cracks on the celadon teacup, and glanced at Hed who was calm and composed beside him.

Zhu Baosan was right. The gold standard was indeed beneficial to the country, but the prerequisite was that there had to be so much gold.

)1631010[：Moon Jade

If there is not enough gold and we buy a large amount from outside, we will inevitably be controlled by others.

"Ahem." Suddenly, just as Sheng Xuanhuai finished speaking, the candlelight in the room flickered and the dead trees outside the window rustled.

Hart tapped the enamel cup lid gently and said in Beijing Mandarin with an Oxford accent: "Let me be fair.

Some British merchants, as the Chinese say, are indeed greedy for profit but, after all, they are businessmen and they are only concerned with profit and cannot be blamed for anything.

After all, who wouldn’t want to double the profits?

Although the monthly throughput of the London gold and silver market has dropped to less than 3000 tons since the start of the South African War, if your country wishes to purchase gold and silver," he wrote on the table, dipping his hand in tea, "it's like scooping water from the Yangtze River; the waves are already calm before the boat is full."

Hurd showed off Britain's wealth in front of everyone present.

Everyone knows that the British Empire stretches across the world, and that hundreds of tons of gold, silver and other precious metals are delivered to the London Gold and Silver Exchange every day.

The key is, can it really be sold to foreigners?

Even if we open the sale, can we guarantee that the price will not be exorbitant?

Yuan Shikai had considered borrowing money from the British to promote the establishment of the gold standard, but after the initial failure of the Boer War, Britain had already established a firm foothold in South Africa.

Yuan Xiangcheng had the impression that the subsequent disastrous defeat of the British army in South Africa had not happened yet, which meant that Yuan Xiangcheng's original plan to act as a thug for the British might not be used.

After initially supporting the country with a batch of supplies and issuing a number of loans, the London government returned to its official and impartial appearance.

...

Just when the situation was at a stalemate, a clear voice suddenly came from the corner: "I have a compromise."

Everyone turned around and saw Zhou Xuexi, the financial trainee consultant. He stood up, holding a copper abacus and said, "In the past, Shanxi Piaohao pioneered the fictitious silver system. The weights varied from place to place, but the money flowed throughout the country.

The current republican government could follow their lead and establish a virtual gold standard, with the central bank holding 30% of the gold reserves and the remainder backed by customs and salt taxes to issue gold yuan notes. This would conform to international practice and avoid the risk of the country being forced to buy gold.

Gold Yuan Coupons?

Yuan Xiangcheng, who had been listening to the debate with his eyes closed, suddenly opened his eyes when he heard these three words.

Gold Yuan Coupons, this is unlucky!

Although it is possible to do so, it also means that as long as there is any disturbance in the international market, the domestic financial market may be in chaos or even collapse!

He was about to say something when he heard the sound of boots outside the door, and the interpreter from the telegraph office brought in a telegram with the ink still wet.

Yuan Xiangcheng took the translation paper and glanced at it, and his originally furrowed brows gradually relaxed.

But the message read: "With the help of reinforcements from Australia, New Zealand and other countries, the British army in South Africa has initially conquered Kimberley, a major Boer town.

However, the British army underestimated the Boer militia and relaxed their vigilance after falling into Kimberley.

The subsequent reinforcements were attacked in the wild, and the defenders of Kimberley rushed to provide assistance, but were also surrounded in the wild and suffered a disastrous defeat.

The South African Boers seem to have become a raging fire!"

National war, national war is finally here!

Seeing this, Yuan Xiangcheng couldn't help laughing out loud, but after glancing at Hurd beside him, he had to hold back and slammed his knuckles hard on the rosewood table.

Isn’t it now that we have the gold that was lacking for the gold standard reform?

The British thought that everything would be fine if they defeated the Boer regular army.

Little did they know that the real quagmire had just begun!

5 days of leave, red envelope apology

As the title says, there have been a lot of things happening at the end of the year recently, and the plot has reached a bottleneck. I put my hands on the keyboard, feeling a little lost as to what to type.

Some book friends suggested that I read other books to find inspiration, and I am trying that.

The most important thing is that I currently only have the plot outline of this book, but not the detailed outline of the plot of this volume.

Therefore, I haven’t figured out how to advance the domestic perspective and finally shift to the title of this volume, the Global Era, to connect the plot.

It’s the New Year holiday, and I want to relax and see if I can come up with any new ideas.

I disappointed my friends. I thought I could hold it in at the end of the month, but I ended up having a huge bowel movement.

I’m sending everyone a small red envelope to express my apology. You can go to the DuDu Discovery page to claim it.

Finally, I am really sorry, sorry (o)

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Chapter 503: Grasp with Both Hands and Make Both Hands Strong

After hearing the news that the war situation in South Africa was unfavorable, Hart could no longer sit still. He hurriedly said goodbye to Yuan Shikai, walked out of the gate of the Zizhulin Council Hall, and went to the British Consulate without looking back.

Looking at Hurd's receding back, Yuan Xiangcheng felt relieved.

Philu Group

He knew that if there were no unexpected problems with the gold standard reform, with the British backing it up, it would be almost certain to succeed.

Yuan Xiangcheng turned around and found that Zhu Baosan, who had supported the gold standard reform from the beginning, also had a happy expression on his face:

"Your Excellency the President, the British have suffered a defeat in South Africa and are in dire straits. All the troops in their overseas colonies have been mobilized. If they wish to increase their forces, they must turn to our country for help.

This is a godsend opportunity!

We should seize the opportunity to extort money from them to meet the needs of currency reform. If we can take advantage of this situation, then the reform of the gold standard can be expected!"

The British suffered a setback in South Africa, which gave them an opportunity to demand a price and promote gold standard reform.

Zhu Baosan was right, so his remarks immediately resonated with everyone present.

After hearing Zhu Baosan's remarks, Zhang Bishi, who had refuted him several times, no longer objected. He ran his fingers over the gilded edge of the celadon teacup, thought for a moment, and then said:

"What General Manager Zhu said makes some sense."

Zhang Bishi seemed to agree, but he was still cautious in his heart.

The celadon teacup turned half a circle in his palm, and its gilded edge reflected the sunlight filtering in from the front of the hall, casting a wandering golden mark on the rosewood table.

He was not as optimistic as Zhu Baosan. When he slowly stood up, the hem of his woolen Republican uniform raised a cloud of dust.