The popularity of gold in India and Vietnam is attributed to either cultural values or an undeveloped financial sector. Yet gold also serves as an important reserve asset for central banks, more so than ever following the 2008 financial crisis. By way of exploring this juxtaposition, I turn to recent campaigns in each country to promote a national gold form, the SJC bar in Vietnam and the Indian Gold Coin. Although the campaigns have been framed in oppositional terms—the Vietnamese state has sought to demonetize gold, the Indian state to promote its monetization—I reconcile this contradiction by examining the particular histories of gold in each country and why gold served as a particularly potent symbol of economic liberalization. Gold, I argue, ultimately links citizens in the Global South with actors in the heart of the international monetary system; thus the promotion of these two national brands of gold shows state†led efforts to intervene in processes of value creation.

中文翻译：

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黄金国有化：越南SJC金条和印度金币

黄金在印度和越南的盛行归因于文化价值或金融业不发达。然而，黄金还是中央银行的重要储备资产，在2008年金融危机之后，黄金比以往任何时候都更为重要。通过探讨这种并置，我转向每个国家最近的促销活动，以推广本国的金币形式，越南的SJC金条和印度金币。尽管这些运动是在反对派的框架下进行的-“越南政府试图使黄金货币化，但印度政府为了促进其货币化”-我通过考察每个国家黄金的特殊历史以及为什么黄金特别成为黄金来调和这种矛盾。经济自由化的有力象征。我争辩说，黄金 最终将全球南方的公民与国际货币体系核心的参与者联系起来；因此，这两个国家黄金品牌的推广表明了国家在干预价值创造过程中所做的努力。