Rebirth 1980: Marrying my sister’s best friend at the beginning

Chapter 595 The British Group takes action!

Hong Kong Island!

November 11th is definitely a day worth remembering. The "8 Gold War" that later generations of economists talked about officially kicked off on this day.

And they generally believe that the British-owned group that dominated Hong Kong Island and even the entire East Asia for nearly a century gradually declined after this war and withdrew from the stage of history in a short period of time.

In order to attack Li Yi's shorting of gold, and to stabilize the market price of gold and ensure that the value of the huge physical gold and financial products in his hands would not shrink, the British-owned group responded quickly.

As soon as the castle meeting ended, Smith, as the chief steward and secretary-general, immediately made an appointment with members of all British-owned groups on Hong Kong Island at the Emperor Hotel in the city.

Among them are white people who are superior, and there are also Chinese families and companies who are willing to be vassals and lackeys!
Of course, there are also a lot of people waiting for an opportunity!

At the meeting, Smith first briefly explained the situation, especially announcing that Li Yi, Li Futiao and others were preparing to short gold.

As soon as these words came out, everyone present was in an uproar, and many people couldn't sit still!

The reason is also simple. After all, the tens of billions worth of physical gold and financial products currently held by British-owned groups were purchased with their money.

Although there are dozens or hundreds of vassal families and companies, the tens of billions are evenly distributed to each force, which is not particularly large, only tens of millions.

Even if the price of gold does fall, most people will not necessarily go bankrupt.

Unlike stocks, the price of gold will really plummet once it falls, and if the stock goes bad, it may be worthless.

Even if gold falls, there will be a bottom line and it will never drop to a bargain price.

However, such a large holding still requires them to take a lot of risks. Once the price of gold plummets, there is a high probability that some people will be injured.

Especially for those small families and companies that are not strong themselves, such as the Lin family, they may not be able to sustain this wave of losses.

As a result, these people asked about countermeasures one after another, and they were all very anxious.

At this time, Smith, who had a good grasp of people's hearts, immediately announced Jazz's decision and openly recruited sniper funds from members within the group.

When they heard that Jazz was taking the lead in sniping Li Yi, the vast majority of people supported it. After all, it was to protect their interests.

Moreover, once this is done, the profits will be very considerable.

After some mobilization by Smith, these people in the British-owned group pledged to raise funds as before.

In less than two hours, Smith and others raised HK$85 billion.

Although the effect is pretty good, Smith still feels a little uncomfortable because many people did not contribute funds for this recruitment.

Although they also gave reasons, which companies had insufficient capital flow and which companies suffered serious losses.

At first glance, it seemed acceptable, but Smith knew that these were just excuses, and they were not like this before.

Whenever they encounter something like this, even if they really have no money, they will find ways to raise money.

Because this is not just an opportunity, but an attitude.

Now that these people refuse to pledge funds for the event, this can only show that their attitude towards the circle of British-funded groups has changed, and this is most likely related to the Li Jiuying incident some time ago.

Although he felt very uncomfortable, Smith couldn't say anything because they had already said internally that this kind of thing was not forced, it was all voluntary.Fortunately, HK$85 billion is quite a lot and should be enough.

Subsequently, Smith followed Jazz's order and converted 76 billion of them into U.S. knives, transferred it to the Thieving Eagle, and handed it over to the legendary investor William Lao to operate it to snipe Li Yi's actions in New York.

The remaining HK$9 million is the responsibility of Smith's team to stabilize the Hong Kong Island market!

In the words of Jazz and others, the price of the gold market in Hong Kong Island must remain stable and must not fluctuate violently.

At this time, the gold market in Hong Kong Island is undergoing a huge test.

Under the continued increase in investment by Li Yi, Li Futiao and others, investors and ordinary citizens who invested heavily in gold panicked and sold off their gold financial products.

As a large number of gold financial products were sold to the market, the price of gold dropped rapidly, from a high of $606 per ounce to $601 per ounce.

By the afternoon, it had directly exceeded the $600 mark and dropped to $599, almost the same price as everyone else.

The poor performance of the market further stimulated some investors, so more people participated in the team of selling gold financial products.

More importantly, because there were so many people selling, no one could be found to take over.

No one is buying, so investors can only continue to lower prices.
But just when people were worried about whether the price of gold would plummet suddenly as predicted by Li Futiao and others, suddenly someone began to purchase these gold financial products in large quantities in the market, and they would eat as much as others sold them.

Under such circumstances, by the time the market closed, the price of gold in Hong Kong Island finally stabilized at US$599 per ounce.

On the first day, the British Group succeeded in protecting the market!

But when the operation team reported the funds consumed to Smith, he was immediately shocked.

In less than half a day, they spent HK$6 million!
In other words, in the past three hours, investors on Hong Kong Island sold at least 3 million gold financial products.

Originally, they planned to maintain the HK$9 million for a week, but at this time, they only have 3 million left. Whether they can survive tomorrow morning is still unknown.

In view of this, Smith immediately summoned internal members again to continue raising funds.

For them, there is no turning back when the bow is fired. Now they can only hold on, otherwise the consequences will be very serious!
Of course, the violent fluctuations in gold prices in the market could not be hidden from Li Futing, and someone quietly informed Li Futing about the situation of the British-owned group without any investigation.

Li Futiao was also shocked when he learned that the British-funded group was actually raising funds for himself to attack Li Yi.

He knew that these Anglo-Saxons had no bottom line in business, and they were very powerful. They were not only limited to the British-owned groups on Hong Kong Island, but also had close ties with Thief Eagle and John Bull.

If these people really unite to attack Li Yi, the consequences will be really disastrous.

After all, the battle in the financial market is often about who has the most money, especially in the futures market. As long as you have enough funds, even in the face of headwinds, your opponent can liquidate your position.

More importantly, Li Futiao knew that Li Yi had no money now.

In other words, in the face of the British-owned group's counterattacks and snipers, they could only fight passively, and it could be said that they had no power to fight back.

In view of this, Li Futiao sent a telegram to New York while raising funds in case of emergencies!

However, when Li Yi, who was far away in New York, received the urgent telegram from Li Futiao, instead of being nervous, he looked happy.
(End of this chapter)