1850 American Gold Tycoon.

Chapter 206 The Golden Wind
Information, reliable information is the most valuable thing on Wall Street.

That's why Charlie chose to work as a telegraph operator with a salary of only $12 a month in the telegraph office.

Charlie went to work not for the meager salary of 12 dollars, but to obtain valuable first-hand information.

For more than a year, Charlie went to work during the day and carefully recorded the daily telegram information sent and received.

Charlie was not idle at night, but carefully analyzed the information collected during the day under the oil lamp, and used this as a basis to judge the trend of Wall Street stocks and futures.

Charlie's series of transactions on Wall Street the next day were based on the information analysis of the previous night.

Of course, Charlie hid his identity very well, and the whole New York knew of his existence, but so far, no one had guessed his true identity.

In the general public's inherent impression, most of the millionaires in New York lived a life of luxury and luxury, and would never associate an ordinary telegraph operator with the identities of millionaires and Wall Street robbers.

The failure of the Brannan family in California taught Charlie a lesson, and keeping a low profile became Charlie's life principle.

Charlie didn't forget his brother's hatred, but he knew very well that with his current strength, he couldn't shake a powerful opponent at all.

Compared with Liang Yao, who is a giant in the military, political, and business circles in California, with assets of more than [-] million US dollars, his current power is really too small.

If you want revenge, you must learn to be patient and learn to accumulate strength slowly.

"Sir, wheat and soybeans are doing well this year in Chicago. You can make at least $8500 in wheat and soybean futures."

Standing in front of Charlie was a boy of fifteen or sixteen years old. The boy's complexion was a little pale, and his expression was as stern as Charlie's.

Under his pale face, there is a pair of deep and energetic brown eyes, and there seems to be a bit of cunning hidden in these brown eyes.

This person is the notorious Wall Street Devil Gould in later generations.

But at this time, Gould has not grown into a devil on Wall Street, but the son of a poor farmer in Connecticut. Like thousands of country boys, he drifted to New York to work and make a living in pursuit of wealth. An ordinary member of Drift.

If anything, Gould was brilliant, inheriting not his father's clumsy, stubborn genes, but his grandfather's gift for business.

In addition, Gould met a nobleman in New York more than a year ago, and this nobleman was Mr. Charlie, who he admired.

Gould learned a lot of wealth-grabbing skills from Charlie. He resolutely resigned from his job as a surveyor with a meager income and came to work for Charlie. He managed a reputable brokerage company for Charlie and became Charlie's right-hand man.

"Sir, do we continue to buy Chicago wheat and soybean futures for next year?
This year's market is very good, and these futures are very aggressive. If we don't sell them early, we may not be able to buy next year's wheat futures and soybean futures. "

Gould asks Charlie for advice.

"I only made $8500, which is too little. Get all Chicago's money back."

Charlie was very disappointed with the figure of $8500. The plate on the Chicago Board of Trade was still too small.

If you want to make a lot of money in a short period of time, you have to be on Wall Street in New York.

"Yes, sir." Gould replied.

"What is the exchange rate between the US dollar and gold?" Charlie continued to ask.

"128:100." Gould, who is naturally sensitive to data and charts, quickly reported a number.

Just a week ago, the ratio was 117:100.

"Very well, since Mr. Liang wants to make a fortune in the gold market in New York, we wish Mr. Liang a helping hand and let the gold rise more violently." Charlie said to Gould.

"From now on, as long as you can buy gold futures on the market, you can buy them all, regardless of the price."

Charlie made up his mind.

He believed in his own vision and ability, and also believed in the vision and ability of Liang Yao, an old opponent.

"What about buying railroad bonds?" asked the shrewd Gould.

"The stock price of the railway company still has a lot of room to fall, so don't worry." Charlie said very confidently.

After Charlie made a big purchase of Wall Street's gold futures, Wall Street's gold market fell into madness.

美元和黄金的兑换比率昨天还是128：100，今天就轻松地突破了130大关，达到了史无前例的133：100。

However, this is not the end, and the momentum of gold's rise is still very violent.

All New Yorkers focused their attention on the gold market on Wall Street. The gold futures trading hall on Wall Street was full of crazy citizens buying gold futures and even gold with dollars.

Prior to this, Wall Street's gold trading floor has been in a lukewarm state.

The news of the soaring value of gold quickly spread through the well-developed telegraph lines to every city that had been connected to the telegraph.

In New York, Philadelphia, Boston, Washington, and even Chicago, people in all the cities that received the news are frantically snapping up gold futures and gold, eager to spend the rapidly depreciating dollars in their hands.

Fluctuations in the dollar-to-gold exchange rate quickly alarmed Corwin.

In fact, when the exchange rate between the U.S. dollar and gold broke through 125:100, Cowen felt something was wrong and began to pay attention to the gold market in New York.

It’s just that the cabinet was busy at the time with the president and the Qing Dynasty’s visiting mission to the United States. In addition, Corwin believed that the exchange ratio of 125:100 was within the normal market fluctuation range, so Corwin didn’t pay much attention to it.

Now the latest dollar-to-gold exchange ratio has reached an astonishing 138:100, and the rising momentum of gold value is still very strong. It is estimated that it will break the 140:100 mark in a short time.

Clearly, someone was manipulating the gold market in New York.

"Foreign banks in major cities such as New York and Philadelphia have closed their dollar exchange business, and foreign exporters who were willing to accept U.S. dollars for payment also refused to accept our U.S. dollars, hoping to use gold as a means of payment."

Fillmore summoned Corwin urgently, speaking with the same urgency as his mood.

Huge fluctuations in the exchange rate between the U.S. dollar and gold are not a trivial matter, and are related to the stability of the American economy and the credit of the U.S. dollar.

"America's gold reserves are limited and cannot be easily used." Curwin looked solemn.

"Gold is the ballast stone of the American economy. The stability of the American economy depends on the weight of the gold in the federal treasury."

Gold is the ballast of the American economy. Once the ballast on the ship of the United States is emptied, how much the ship of the United States can withstand the blows of the economic crisis and whether it will capsize and sink is a question worth pondering.

Before finding out the truth of the matter, Corwin did not want to rashly use the gold in the federal treasury.

"I am a law student, and I know little about economics, but I know that if this continues, the dollar will become waste paper, the public's trust in the dollar will disappear, and it will suffer losses in the international import market. All import transactions are paid for in gold."

Fillmore tapped on the table, his attitude was firm.

"The Treasury must step in to save the gold market! The value of the dollar must remain stable!"

"Are you sure you want to use the gold in the federal treasury?"

Corwin frowned, thinking of using the gold in the federal treasury, his heart was bleeding.

"If someone with strong financial resources is manipulating the gold market behind the scenes, do you know what the consequences will be? The consequence is that the price of gold will drop rapidly, and the gold that is put into the market to save the market will be bought by the traders behind it at a low price in US dollars!

When the government comes forward to rescue the market, the exchange rate between the US dollar and gold will return to normal levels, but the Ministry of Finance will lose part of the gold. "

"Who in the United States has the ability to manipulate the gold market?" Fillmore frowned.

"The leverage ratio in the gold futures market is ridiculously high, reaching 1%. With such a high leverage ratio, it only takes two to three million dollars to manipulate the American gold market. Many people have this ability, and you can too It is understood that many people have the financial resources.

In New York alone, there are two billionaires with assets exceeding tens of millions of dollars. They are fully capable of putting two to three million dollars in cash into the gold market and manipulating the price of gold.If the crime was committed by a gang, there are even more suspects. "

Corwin said without hesitation.

"However, the biggest beneficiary of the rise in gold prices is Liang Yao, the number one gold tycoon in the United States. He is the most suspected. Of course, I have no evidence yet."

"Regardless of who is manipulating the gold market, the government must step in to save it."

Fillmore took a deep breath to stabilize his emotions, and then made a decision.

"First put $500 million in gold reserves into the market to see the effect. Also, certain unreasonable trading behaviors on Wall Street must also be restrained and regulated."

At the same time, Liang Yao, who was still in Baltimore, got the news by telegram.

The rising speed of the gold price also exceeded Liang Yao's expectation.

Although Liang Yao hoped to raise the price of gold to make a profit and earn some pocket money, he adopted the method of boiling frogs in warm water to let the price of gold rise slowly, trying to let the government and the Ministry of Finance react later.

He had already explained this to Kony, and with Kony's character, it was impossible to disobey his orders.

The price of gold has risen so fast and so sharply that there is only one explanation, and that is the presence of spoilers.

Who is messing with this situation?
Vanderbilt?Or Backhouse?

The first thing Liang Yao thought of was these two people, but soon, he denied these two people.

Vanderbilt was with him all the time, and he had been concentrating on the railway company. It was impossible for Liang Yao not to notice that Vanderbilt wanted to get his hands on the gold market.

Backhouse?

It's even more impossible. Backhouse is immersed in real estate and land, and he doesn't have such ability and courage.

Liang Yao's mind flashed Charlie, the name he had seen on the New York Rich List.

If all the rich people on the rich list are suspected, then this person must be the most suspicious.

Of course, this is just his guess.

Now that Liang Yao's plan has been disrupted by spoilers, he has to change his original plan.

As long as the people in the Ministry of Finance are not fools, they must have noticed the abnormality in the gold market by now, and they will soon take action to rescue the market, and the price of gold will plummet at that time.

Liang Yao immediately sent an urgent call to Kony, telling Kony to sell all the gold futures in his hand immediately.

Not only did all the gold futures in his hand have to be sold, but Liang Yao also brought gold worth 947 million U.S. dollars with the ship. Now that the price of gold is at a high level, it is the best time to sell gold.

Liang Yao decided to take out gold worth 447 million U.S. dollars and sell it directly for U.S. dollars.

This is much more cost-effective than exchanging dollars directly with the bank.

(End of this chapter)