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Jiangsu Village Gives Every Villager Gold and Silver Bars

Jiangsu province villagers given bars of gold and silver.

Jiangsu province villagers given bars of gold and silver.

Netizens are enviously eying the spoils of Changjiang village in Jiangsu after every one of the village’s 3,000 residents received 100 grams of silver and 100 grams of gold last week. Delivering on a promise made in 2009, the village’s party chief brought in over 600 kilograms of gold and silver via the Yangtze River for distribution.

Changjiang village and its residents are the collective owners of the Jiangsu Xinchangjiang Group, a top 500 company in China, and have raked in benefits in the past including private villas for every family, stock dividends, and a previous silver and gold giveaway in 2010. Last week’s giveaway fulfills the promise made by party chief Li Liangbao to get gold into the hands of every villager. Gold was specifically requested by the villagers given its investment purposes and reputation.

At around 400 RMB ($62.50) per gram of gold at today’s market price, each resident received a windfall of roughly 40,000 RMB ($6,250). The largest amount given to a single household was 700 grams, or roughly 280,000 RMB ($43,750).

Given the precious cargo of the barge used to ferry the precious metals up the Yangtze, the entire operation was shrouded in secrecy. Before the gold arrived, villagers received a secretive message along with a safe, sparking rumors their gold was arriving soon. Sure enough, two days later the barge arrived and villagers quickly queued to receive their share.

What does one do with 40,000 RMB’s worth of gold? While some residents plan on turning it into an heirloom, others have more practical purposes in mind including giving the gold away to their future son-in-law.

Changjiang already had a large reputation, now with our gold our reputation is even larger. Based on this reputation, we’re not worried about our daughter having trouble finding a suitable man to marry.

Video from Sina:

Comments from NetEase:

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菜园子青江 [网易山东省网友]:

Village head, how about you come over here and become our leader?

孙子骂国米 [网易内蒙古网友]:

Village head, does your village still need people?

网易天津市网友

As Huaxi Village proves, collectivism and the market economy combined work well. Compared to struggling on one’s own, it’s much more powerful and advantageous!

qzy8888 [网易广东省东莞市网友]:

Changjiang Village beauties, I am unmarried and have talent, how ’bout it?

剑斩河蟹 [网易北京市昌平区网友]:

100 grams of gold right now is at least 30,000 RMB! So prosperous, spread the knowledge of how to become wealthy!

hmd222 [网易福建省泉州市网友]:

They really are blessed villagers

hbycxzhs [网易浙江省网友]:

Niu!!!

Source: NetEase

Great village leader forgotten your gold? BullionVault.

Written by Joel

Joel is a reclusive writer based in Shanghai who took up blogging as a hobby one summer and never looked back. Former editor of Shanghaiist.

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