America 1979

Chapter 47 Notification of Plot Fine-tuning
Good morning, dear readers, I have adjusted some of the previous plots where the protagonist buys futures. The specific changes and reasons are as follows:
Change: The protagonist purchased three silver futures contracts, each with [-] lots, that is, a total of [-] ounces of silver futures, with a margin of $[-], and the rest of the loan was used for additional margin calls.

Reason: Because of the margin rules, the futures contract itself has its own leverage. Speculators only need to put out the amount of margin funds to buy futures contracts that are several times the margin.In the silver case, the Hunter Brothers’ initial margin payment ratio should be [-]% of the contract amount, and the subsequent price of silver rose to the sky. In the case of no margin call, this ratio should be maintained at [-]%, that is, the transaction The $[-] deposit for each contract and the deposit required by the brokerage firm.

Because of the father of the Hunter brothers, the old Hunter was an oil tycoon who rose rapidly after World War II. He also maintained the status of the richest man in the United States for many years from the 70s to the 20s. His entire family wealth is between [-] million and [-] billion US dollars. , so the brokerage company should not require a high margin ratio for the Hunter Brothers.

But the identity of the protagonist is far inferior to that of the Hunter brothers, and there is no preferential treatment in the brokerage company, so I set the deposit of each contract at 2 US dollars, plus the exchange's [-] US dollars of deposit per contract, the deposit of each contract is [-] Twelve thousand dollars.

Before that, the margins for silver contracts on the two futures exchanges in the United States were at US$79 per contract, but they began to rise gradually in the second half of 80, and rose to US$[-] per contract in January of [-].

This setting is quite reasonable, and the protagonist’s wealth line is also one of the highlights. I will try my best to search for the information at that time, so that the process of Bill Ferrari’s wealth accumulation is realistic, but because of busy work, sometimes I don’t have time to check it. The information, or the understanding is not comprehensive, if there are any mistakes or omissions, please let the readers know in the comments.

(End of this chapter)