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Chapter 581 no zuo no die (Third update, please subscribe)

Financial speculation, to a certain extent, is a big gamble.

When you gamble, you lose and you win, you lose and you make money!

This is often due to luck, but when in Lengha, many people feel that luck is on their side.

After the start of a new week, rumors spread that Nanyang contained a large amount of Nazi gold in its vaults. This news seemed to confirm the rumor that Nanyang would compensate foreign gold.

As a result, in just a few days, more than 100 million yuan of funds entered the gold and silver exchange, betting on gold, and the price of gold continued to rise.

In an instant, gold became the darling of the Nanyang speculative market.

For a time, countless people invested their money in gold, fearing that there would be a moment's delay that would delay their fortune. After all, for those people in Shanghai who are accustomed to speculation, this is the business they are most familiar with.

They are used to speculating in gold, silver, cotton, foreign exchange, coal... Whatever can be speculated in the world, they will speculate on it.

If it weren't for the large companies that implement monopoly operations on Nanyang's cotton yarn, rice and other public supplies, I'm afraid they would have gotten involved and speculated.

After thinking about it, Zhao Shijie said.

"Although the depreciation of the Nanyang dollar is part of the official plan, such a substantial depreciation is likely to affect market stability."

The reason why Zhao Shijie said this is entirely because the Nanyang official intends to promote currency devaluation. The reason is very simple - the currency value of the Nanyang dollar is overvalued. When the Nanyang dollar was issued, the strategy of keeping a close eye on the U.S. dollar was adopted. One Po dollar can be exchanged for one dollar. In order to stabilize the value of the U.S. dollar, it also adopted a freely convertible strategy. It took two years to establish the credit of the U.S. dollar before gradually tightening currency exchange. However, the overestimation of the currency value has always affected the Nanyang economy.

Thinking of the possible conflicts in Northeast Asia in a few months, Li Yian frowned and said.

In contrast, the German mark also appreciated in the Plaza Accord. Unlike Japan's decades-long fixed exchange rate to stimulate exports, the mark's exchange rate changed many times after the war, from active depreciation to active appreciation. Before the Plaza Accord, it had already taken the initiative to nearly double its value. When the U.S. dollar depreciated in the 1970s, it took the initiative to appreciate slowly, thus avoiding the financial harvest caused by the short-term surge after the Plaza Accord.

For them, there are ups and downs in the gold market right now. It’s an opportunity that’s perfect for hype.

“How much has the Nanyang dollar depreciated now?”

Especially when Nanyang was founded on trade, overvalued currency pairs are not used for exports. For this reason, in order to stimulate exports, Nanyang has established a ten-year period of gradual currency depreciation, which will eventually stabilize at 2 Nanyang. Yuan to US$1 level.

"It is also very necessary to properly stabilize the currency value. A 20% depreciation this year is the limit. If the decline is so large in two months, it will definitely affect currency confidence, and."

"...If it weren't for our implementation of foreign exchange controls, I'm afraid the currency would have depreciated far more than it does now."

Fluctuations in the market have also attracted official attention. After all, with the surge in gold, even the Nanyang dollar, which is closely tracking the US dollar, has also experienced some fluctuations.

"You can still use those people, the people from Shanghai and Hainan!"

"Well, we can start to stabilize the currency. By the way, who are the speculators in the gold market?"

Li Yi'an asked after listening to the report of Zhao Shijie, the general manager of Nanyang Bank of China.

In short, successful experience can be learned. Just as the German mark proactively devalued by 20% last year to stimulate exports, Nanyang can also adopt the same flexible monetary policy.

"It has exceeded 5%, and according to forecasts, in the next two months, the depreciation may exceed 15% to 20%,"

This currency value is not only conducive to Southeast Asian trade and exports, but also prevents the currency from being undervalued in the future and being harvested by the international financial market - such as Japan. For example, before the Plaza Accord, Japan implemented a fixed exchange rate of 360 yen to 1 US dollar for decades. As for the exchange rate, with the development of Japan's economy, its currency value has been seriously underestimated. After the Plaza Accord, its currency value rose sharply, suffering speculation from international speculators, and was harvested many times.

When mentioning those people, Zhao Shijie raised the corners of his mouth and sneered coldly.

"In the past, when they were in Shanghai, they were speculating in gold, silver, bonds, cotton, rice, coal, anything that could be speculated. But the customers who speculated in gold and silver were all wealthy people. Businessmen and officials who fled from Shanghai to Nanyang often had a certain ability to judge the political situation and had plenty of money. They even dared to trade gold and silver with leverage of dozens or hundreds of times. "

Looking at the president, Zhao Shijie said. "Now, they are all betting that the investigative committee will find Nazi gold in our vaults, and then have to compensate a large amount of gold to foreign countries. This has also brought about fluctuations in the currency and gold markets, especially the gold market. At present, The price of an ounce of gold has reached 57 yuan, and they are still pushing it up. According to current statistics, the funds entering the market have exceeded million yuan. "

When this amount of money was mentioned, Zhao Shijie, the governor of the central bank, couldn't help but feel a little jealous. This money was all real money. !
"One hundred million!"

Li Yian couldn't help but sigh.

"They have so much money!"

Could it be that a certain Liu tycoon, while he stayed in Shanghai to wait and see, sent his wife and children to Nanyang, and at the same time transferred another US$2000 million in cash.

This is just one of them, and you can tell the whole story at a glance.

It is for this reason that Li Yian hopes to guide them to use their funds in industrial investment instead of in the speculative market. In fact, in another world, those rich people who fled from Shanghai to Hong Kong Island arrived. There are still addicted to various investments, and as a result, countless people have lost all their money, and countless people have jumped off the building.

"Hey, if God does evil, you can't live if you do evil. Since they want to die, let them die!"

Li Yi'an sighed and said.

"Tell Jingyun, sell it. No matter what price they offer, take it!"

Well, who is the largest shareholder of Feng Jingyun's Hongxing Money Exchange... Of course it is the company.

After saying this, Li Yian glanced into the distance and said.

"Those people don't even know that they are betting on the fate of the country this time, and now...the fate of the country is with me, how can they not lose everything..."

While shaking his head and sighing, Li Yi'an thought about how in another world, the gold merchants who dominated Hong Kong Island looted the wealth of the wealthy people from Shanghai and Hong Kong.

At that time, the British Hong Kong government controlled the import and export of gold, so the gold in Hong Kong was much higher than international gold, and it was several percent or even several times higher.

Therefore, their strategy is very simple, which is to speculate on the price of gold in Hong Kong Island and attract speculators who like financial speculation in the Shanghai stock market to join. Local Cantonese gold merchants, taking advantage of Shanghai speculators' unfamiliarity with local conditions, smuggled gold from Macao in large quantities and then cashed out the gold at high prices from the gold and silver trading market.

As a result, Shanghai-based speculators became takers. Generally, gold speculation is based on leverage, so there are many Shanghai-based speculators who have lost everything. Many people have lost miserably, and some have jumped off buildings.

The situation in Nanyang is similar - because of gold controls, the price of gold is higher than the international market, which also allows speculators to see opportunities.

"In the past, they only speculated on gold, but now, they want to speculate on national fortunes, so fine!"

Li Yian said with a smile,
"Just give them a chance and let them feel it!"

With a slight smile on his face, Li Yian didn't even know how to describe those people. Don't they know that for individuals, the government has a steady stream of gold and foreign exchange in its hands?
"Your Excellency, I'm afraid they miscalculated this time..."

Zhao Shijie chuckled.

"They never expected that the official would personally act as a speculator!"

By the way, this is the limitation of the era. In this era, the official role is at best to stabilize the market, and there is not much intervention in the financial market. Unlike another era, in order to respond to the attacks of international speculators, central banks have long been used to it. I personally ended up letting some international speculators fail with their wealth. Of course, it is also possible to lose everything and let the international speculators make a lot of money.

However, in the final analysis, this matter itself is a capital game, and the competition is capital. Moreover, in this game, Nanyang is still the banker!
Standing by the window and staring out the window, Li Yian sighed softly.

"Okay, no zuo no die, you want to die, what can I do!"

(End of this chapter)