Go back in time and be a chaebol

Chapter 1197 A once-in-a-lifetime opportunity (Second update, please subscribe)
"You know that the price of gold has skyrocketed recently. Do you think this is a good opportunity to invest in gold?"

This seemingly simple question made Feng Xingbang fall into silence. He did not answer the question immediately, but silently took out a cigarette box from his arms and took out a thin cigar from the gold cigarette box.

After lighting it, he took a puff silently, then looked at these people with a rather amusing look and asked:

"Why, you want to do something about gold?"

As soon as he finished speaking, the fat man waved his hands and said:

"Oh my god, Master Feng, please don't scare me. I'm timid. The fortune teller said I can live to be 88. Getting gold? I don't want to die more than 60 years early!"

Most of the other people were in the same situation. The reason why they were like this was very simple. The "gold boom" almost ten years ago caused countless tycoons and speculators from Shanghai to lose their fortunes overnight, and countless people were separated from their wives and children and their families were destroyed.

In fact, they should be thankful that there are cheap apartments available for them to live in Nanyang, so they don’t have to live on the streets. If they were to live in other places, they would have already ended up on the streets and become beggars.

Precisely because of this lesson, Nanyang Gold has become a forbidden zone for investors. After all, no one wants to jump off a building, and no one wants to lose everything.

It’s not that they are so concerned about the overall situation. They know that gold is related to the country’s monetary base and cannot be touched easily.

Instead, the bloody lessons are there for them to learn from.

Once bitten by a snake, you will be afraid of straw ropes for ten years.

That's them.

Seeing their pale faces, Feng Xingbang just smiled and said.

"Look at how scared you all are. Investing in gold is normal as long as you don't have a pure purpose. What were those guys betting on back then? They were betting on the fate of Nanyang. They were simply overestimating their own capabilities."

"It's more than just overestimating one's own capabilities! It's clearly courting death!"

"That's right, that's right, they deserve to die. They deserve to die very much, they actually wanted to gamble on the fate of Nanyang. If they don't deserve to die, then who should die?"

For a moment, there was a chorus of agreement all around. There have always been different opinions about the "gold boom" of that year, but what is certain is that those speculators were betting on the destiny of Nanyang and the sharp depreciation of Nanyang's currency.

Therefore, they never had any sympathy for those who lost everything. After all, everyone can live such a good life now. Isn't it because of Nanyang?
But some people don't think so. They have had enough of the good life and want to gamble on the decline of the country in Southeast Asia.

If people like this don't die, who will die?

"So, as long as it's a normal investment, it's fine."

Looking at the guys in front of him, Feng Xingbang continued:
"Recently, countries around the world have been selling dollars and buying gold. Under the influence of this trend, the price of gold has continued to rise. It is estimated that it will continue to rise in the future. If you are interested, you can follow the market and I think there will be some profit."

After Master Feng said this, everyone around him fell into deep thought. What if they could take part in the discussion?

While these traders were considering whether they could make a profit from gold, in the Daming Palace in Chang'an, Li Yian was also reading reports related to gold.

Gold prices are rising.

This is definitely not good news for the United States. After all, the Bredesen system requires a stable gold price to maintain.

"Since October 10, due to concerns that the deepening U.S. fiscal and financial crisis will force the dollar to depreciate, a wave of dollar runs, scrambles to sell U.S. dollar stocks and rushes to buy gold has swept through almost the entire Western world's financial markets in recent days, causing the dollar price of gold to reach an unprecedented peak in these markets."

As the God of Wealth of Nanyang, Minister of Finance Zhao Shijie has been paying close attention to changes in the international gold market. After all, Nanyang's economy is highly dependent on the international market.

"This trend has appeared in some Western European markets in the past few days, especially in the London market, where it has reached a climax. On the 20th, the price of gold per ounce in the London market rose to $40.6, nearly $5 higher than the initial price. This is $35 higher than the official gold-dollar exchange rate set by the United States, which is $5.6 per ounce."

Nodding once, Li Yian motioned for him to continue.

“The new rush to buy gold in London and elsewhere involves the prestige of the dollar and doubts about the trend of the U.S. economy.

Prior to this, this trend of rushing to buy gold had already developed in the financial markets of Western European countries. On the 19th, the price of gold in the Paris financial market rose to 6150 new francs per kilogram, the highest point since the franc exchange rate plummeted in March 3, and the price of gold per kilogram rose by more than 500 new francs compared with the previous price. In Milan, Italy, the price of gold per centimeter was still 19 lira on the morning of the 730th, and it rose to 770 lira at noon, which was about 10% higher than the average price of gold in the past few years. In Frankfurt, West Germany, the price of gold per kilogram was still 18 marks on the evening of the 5105th, and it rose to 19 marks on the 5500th.

In Switzerland, a large number of people rushed to buy gold a few days ago. In Canada, which is under the strictest control of the United States economically, yesterday in Toronto, there was a rush to buy gold, which was described by Western news agencies as "indescribable and unprecedented." Even in the United States, there is a rush to buy gold.

According to reports from New York, the total amount of gold sold in the New York market on the 20th reached more than 2000 million US dollars. However, there are still many people who have not been satisfied with their requests for gold. "

When Zhao Shijie introduced the "gold buying craze" that swept half the world, Li Yian frowned. He didn't know much about the history of this period. He only knew that the "Bredesen System" collapsed in the 1970s. He never thought that such a thing would happen in the 1960s!

Well, if it seems so, the buying spree in 1960 was just a small ripple?
Thinking of this, Li Yian said again. "So what is the specific reason? Why are countries rushing to buy gold?"

"It's very simple. It's the suspicion of the U.S. economy in various countries."

Zhao Shijie replied:

"Some bankers in Western Europe want to convert their dollar reserves into gold. Some people think that the dollar is no longer the strongest currency as it used to be. They insist that the US payment deficit and gold outflow in the past three years may force the dollar to depreciate."

The root cause is suspicion of the US economy. Even though the US GDP accounted for more than one-third of the world's total in that year, and the US did not have a trade deficit.

However, it is impossible for the U.S. Treasury to print dollars out of thin air like in another world. The current dollar is pegged to gold. The U.S. fiscal deficit spending in recent years has caused international markets to worry about its currency credit.

This concern naturally evolved into a move by countries, especially bankers, to sell dollars and buy gold.

“So will the dollar depreciate?”

Li Yian then asked back.

"We believe that the United States will do whatever it takes to maintain the price of gold. After all, this is related to the foundation of the U.S. economy, and the global rush to buy gold has greatly shocked U.S. financial giants.

The main leaders of the New York banking community met with U.S. Treasury Secretary Anderson yesterday after receiving the news, asking the U.S. government to take prompt measures to stop the development of this trend. Then the U.S. Treasury Department issued a statement yesterday in an attempt to reassure people that continuing to maintain the gold exchange rate of $35 per ounce is "our unwavering position."

However, this did not calm the market's concerns. The Associated Press had to admit in a news report that "the US authorities are increasingly worried about the continued outflow of gold from the US Treasury, which makes the world uncertain whether the dollar can maintain its value among world currencies."

After a brief pause, Zhao Shijie said:
"But no matter what, we will do everything we can to maintain the Bredesen system. Not only the United States, but also the United Kingdom, France, Germany, the Netherlands, Belgium, and us will eventually participate in it. After all, we need an international currency for international trade. Of course, Western Europe also needs the protection of the United States, which means they will definitely take action to maintain the stability of the gold price."

This is the reality - the reality is that Western European countries will stand up to support the United States in defending the Bredesen system and selling gold.

Faced with this reality, even Southeast Asia must maintain the status of the US dollar at this stage. After all, Southeast Asia needs to develop its economy through the Bredesen system and the GATT system.

This is also the fundamental reason why other countries are willing to help the United States maintain this system, because everyone benefits from this system.

This maintenance could only last for a dozen years, and even the United States would not be able to maintain the Bredesen system. After all, by that time, the economies of Western European countries had fully recovered, but what about the United States? The trade deficit led to a large outflow of gold.

At that time, the Americans themselves were unwilling to maintain the Bredesen system, after all, that kind of maintenance required real money.

After a brief silence, Li Yian said.

"Well, we can't stay out of this situation. We are also a member of the Western world. Well, if nothing unexpected happens, the Americans will come to visit you in the next two days. What we need to consider now is... how to strive for our own interests as much as possible in this incident."

Li Yian took a cigar from the cigar box, lit it, took a puff, and said:

"A crisis is a crisis full of opportunities. This crisis facing Americans is an opportunity for us."

It is possible to help the United States maintain the dollar, but the United States needs to pay a corresponding price. What is this price?

"So this time the Americans come, we have to negotiate with them and make our position clear. We want to get what we need."

As Li Yian spoke, he took out a document from the drawer and handed it to Zhao Shijie.

"Well, now is the time to implement this plan. You should study it and bring it up in the negotiations with the Americans. We have been waiting for so many years to find a suitable opportunity to turn Yong'an into the world's third financial center. Now is the perfect time to take advantage of the Americans' financial demands on us and implement this plan."

No matter what plan you make, there is always a chance to implement it. Sometimes you may have to wait for a few years, sometimes more than ten years. In this case, patience is very important. And now the time is just right.

Taking the document, Zhao Shijie took a look at it, then nodded and said:

"I understand that and I will discuss this with the US side during the negotiations."

"Yeah," Li Yian replied softly and continued:

"There is one more problem to be solved. We need to help Americans stabilize the price of gold, which means we have to sell a lot of gold to the market. Then the only problem is - gold,"

Looking at Zhao Shijie, Li Yian asked:

“Who should provide the gold?”

(End of this chapter)