Rebirth capital madman
The bigger the business, the more patience is needed. The ongoing hunt family speculation in silver futures has been plotting for a long time to drag so many people into the water.
Since Michael Blumenthal has a passion to run Bora, Gao Xian will let it play and wait for the results.
Anyway, the focus of our work now is not Bora, but how to safely survive the collapse of this crazy market of gold and silver, and see if there are unlucky people with high residual value who can take it for their own use.
The New York Mercantile Exchange has issued new restrictions on the use of financial leverage in response to the trouble of Hunter brothers in the silver futures market, which can be regarded as a "hat" for hunter brothers' hoarding of silver, so that they can't do it any more.
In fact, the reason why Gao Xian is so concerned is that in addition to the recent visible gains and losses of interests, he also has to prepare for a rainy day, that is, to observe how the Americans respond to such crises.
At present, Xiangjiang's status as an international financial center has basically taken shape. Taking the foreign exchange market as an example, according to the non-public data held by Gao Yi, the average turnover of Xiangjiang's foreign exchange market per trading day reached US $2.5 billion last month, that is, December 1979, while the forward foreign exchange held by Xiangjiang banking industry exceeded US $50 billion.
In addition, the average daily trading volume of Xiangjiang gold market has reached more than one million ounces, surpassing Zurich, Switzerland. It is second only to London gold market and New York gold market. It has become an important part of the 24-hour operation cycle of the global gold market and seems to play a pricing role in Asia.
This dynamic situation has naturally benefited from the liberalization of financial controls by the Hong Kong government, but on the other hand, the prevalence of speculation is bound to bury great risks. When the market is good, singing and dancing go up; When the market is poor, the capital will pat your ass and run away, leaving a chicken feather, whether you die or live!
Sober minded Gao Xian secretly estimated that in the next few years, Xiangjiang futures exchange, which he took the lead in establishing, will almost inevitably have a life and death risk, that is, if he is careless, he will be closed down by a large-scale speculative game like silver futures hyped by hunter brothers.
How to not obviously suppress the speculative interest of capital, but also effectively control the risk caused by speculation, can be described as a considerable test of balance.
With this kind of examination, Gao Xian left the United States, stayed at home in Toronto and Vancouver for a few days, and then returned to Xiangjiang.
In terms of business opportunities and the difficulty of making money, Gao Xian feels that Xiangjiang can not rot, or it is better not to rot. further, he quite maintains the overall interests of the base and hopes to minimize the huge impact brought by the shock of the global capital market.
Therefore, Gao Xian kept interacting in circles one by one, introducing the intelligence he collected from the United States, the global capital market center, and the closest circles such as the Yi family and the Ma family, saying directly and away from gold and silver trading; As for other circles, it is a hint of different degrees of implication that gold cannot soar day by day for more than ten years, and be careful to be cut off leeks.
Gao Xian is not sure how effective this relatively private reminder can be,
Because, similar to the well-known Xiangjiang stock market, there are four exchanges in this era: Xiangjiang stock exchange, Far East Exchange, gold and silver stock exchange and Kowloon Stock Exchange. Xiangjiang gold market is also divided into several parts, including Xiangjiang gold and silver trade market, Xiangjiang futures exchange and Xiangjiang local London gold market.
Among them, Xiangjiang gold and silver trading center has the oldest seniority and the earliest history can be traced back to this century, that is, the Qing Dynasty was not dead at the beginning of the 20th century. While it has a large trading volume and outstanding reputation, it also has a strong local color. For example, it has been trading with a unit of several Hong Kong dollars per two gold. Its current chairman is Hu Hanhui, who founded the gold and silver stock exchange.
Xiangjiang futures exchange was founded by Gao Xian in 1976. Naturally, Gao Xian has always served as the chairman of Xiangjiang futures exchange.
The Xiangjiang futures exchange, which has Sir Gao as its seat and is called a newborn calf, must be in line with international standards. For example, the trading unit of gold futures varieties adopts the form of several dollars per ounce, and world commodity futures exchanges such as the New York Mercantile Exchange provide futures trading.
Incidentally, there is no irreconcilable conflict of interest between Xiangjiang futures exchange, which launched gold futures varieties, and Xiangjiang gold and silver trading field, which focuses on spot gold trading, and the relationship can be described as harmonious.
As for the local London gold market in Xiangjiang, it is much more complicated. As the name suggests, this is the "projection" of the London gold market in Xiangjiang, a British colony.
After the collapse of the Bretton Woods system, the currencies of developed capitalist countries represented by the US dollar depreciated, precious metals such as gold and bulk commodities such as oil appreciated, which were favored by capital.
In 1974, the Hong Kong government lifted its control over gold; In 1975, the world "since Johnson Matthey and others bet on the soaring price of gold, I'll appease them." Gao Xian nodded and casually turned over the desk calendar on the boss's desk. "This year's Spring Festival is quite late. It's until February 16."
Ye Licheng was sweating on his forehead, because after new year's day this year, according to Gao Xian's instructions, Gao Yi was far away from gold in his investment strategy, while one hand in Xiangjiang futures exchange was 100 ounces, and one thousand hands was equivalent to 100000 ounces. Before the Spring Festival, the gold price did not say to rush to a new high, but just maintained at more than 800 US dollars, which was enough to make Gao Yi lose a lot.
"Boss, why don't we change our way?" Ye Licheng suggested stutteringly.
"You can rest assured that if gaoyizhen loses money at that time, I will personally take full responsibility." Gaoxian waved quietly, "this is also a specific early warning line I drew for Xiangjiang local capital."
Seeing Gao Xian's determination, ye Licheng had to take back his words. A boss like Gao Xian who has created his own business kingdom with one hand can't resist if he really wants to show his authority.
……
After receiving Ye Licheng's notice, the first reaction of the flow money merchant of Johnson Matthey who spread all kinds of strange words over there was not to believe that Gao Xian was so smart. How could he do such an obvious loss making business?
"Do you want to?" Ye Licheng urged angrily. "In order to dispel your complaints, sir Gao's sincerity can't be enough."
"Yes, of course. Fools don't want it." the gold merchants who fried gold and red eyes grinned to their ears. "Sir Gao is so particular about things. We don't have any complaints."
……
At the same time, Gao Xian communicated with Hu Hanhui that Xiangjiang gold and silver trading field and Xiangjiang futures exchange will still keep pace with the global gold market during the Spring Festival.
……
After these news spread, naturally, the excitement came with it. In addition to the media reports, the gold speculators in Xiangjiang are also carefully tasting the hidden meaning.
Of course, the price of gold is the most intuitive indicator. The rising trend every day makes many fans of jazz Gao shake their heads. Their idols are estimated to be so smooth that they arbitrarily made such obvious low-level mistakes.
……
Hu Hanhui sighed gently and kindly reminded: "Sir Gao's courage is unmatched. However, sir Gao doesn't have to fight with those international gold merchants. The risk is too great."
"It doesn't matter. I know it well. I just play opponent games with them, so that these guys can understand that Xiangjiang is not a backward place to gallop wantonly." Gao Xian replied with a relaxed face.
Hu Hanhui also felt that Gao Xian was too arbitrary, but for a big man like Sir Gao, he could only point to it.
……
On the evening of February 1, 1980, the Xiangjiang gold and silver trading house and the Xiangjiang futures exchange were closed as usual, while the market was only opened in London.
Ye Licheng hurried in and reported anxiously: "boss, this is the latest telex. The quotation in the London gold market has reached an all-time high of $875 per ounce."
Gao Xian smiled. "What are you worried about? There are still more than ten days before the delivery time of those contracts."
Chapter 574: 574
Since Michael Blumenthal has a passion to run Bora, Gao Xian will let it play and wait for the results.
Anyway, the focus of our work now is not Bora, but how to safely survive the collapse of this crazy market of gold and silver, and see if there are unlucky people with high residual value who can take it for their own use.
The New York Mercantile Exchange has issued new restrictions on the use of financial leverage in response to the trouble of Hunter brothers in the silver futures market, which can be regarded as a "hat" for hunter brothers' hoarding of silver, so that they can't do it any more.
In fact, the reason why Gao Xian is so concerned is that in addition to the recent visible gains and losses of interests, he also has to prepare for a rainy day, that is, to observe how the Americans respond to such crises.
At present, Xiangjiang's status as an international financial center has basically taken shape. Taking the foreign exchange market as an example, according to the non-public data held by Gao Yi, the average turnover of Xiangjiang's foreign exchange market per trading day reached US $2.5 billion last month, that is, December 1979, while the forward foreign exchange held by Xiangjiang banking industry exceeded US $50 billion.
In addition, the average daily trading volume of Xiangjiang gold market has reached more than one million ounces, surpassing Zurich, Switzerland. It is second only to London gold market and New York gold market. It has become an important part of the 24-hour operation cycle of the global gold market and seems to play a pricing role in Asia.
This dynamic situation has naturally benefited from the liberalization of financial controls by the Hong Kong government, but on the other hand, the prevalence of speculation is bound to bury great risks. When the market is good, singing and dancing go up; When the market is poor, the capital will pat your ass and run away, leaving a chicken feather, whether you die or live!
Sober minded Gao Xian secretly estimated that in the next few years, Xiangjiang futures exchange, which he took the lead in establishing, will almost inevitably have a life and death risk, that is, if he is careless, he will be closed down by a large-scale speculative game like silver futures hyped by hunter brothers.
How to not obviously suppress the speculative interest of capital, but also effectively control the risk caused by speculation, can be described as a considerable test of balance.
With this kind of examination, Gao Xian left the United States, stayed at home in Toronto and Vancouver for a few days, and then returned to Xiangjiang.
In terms of business opportunities and the difficulty of making money, Gao Xian feels that Xiangjiang can not rot, or it is better not to rot. further, he quite maintains the overall interests of the base and hopes to minimize the huge impact brought by the shock of the global capital market.
Therefore, Gao Xian kept interacting in circles one by one, introducing the intelligence he collected from the United States, the global capital market center, and the closest circles such as the Yi family and the Ma family, saying directly and away from gold and silver trading; As for other circles, it is a hint of different degrees of implication that gold cannot soar day by day for more than ten years, and be careful to be cut off leeks.
Gao Xian is not sure how effective this relatively private reminder can be,
Because, similar to the well-known Xiangjiang stock market, there are four exchanges in this era: Xiangjiang stock exchange, Far East Exchange, gold and silver stock exchange and Kowloon Stock Exchange. Xiangjiang gold market is also divided into several parts, including Xiangjiang gold and silver trade market, Xiangjiang futures exchange and Xiangjiang local London gold market.
Among them, Xiangjiang gold and silver trading center has the oldest seniority and the earliest history can be traced back to this century, that is, the Qing Dynasty was not dead at the beginning of the 20th century. While it has a large trading volume and outstanding reputation, it also has a strong local color. For example, it has been trading with a unit of several Hong Kong dollars per two gold. Its current chairman is Hu Hanhui, who founded the gold and silver stock exchange.
Xiangjiang futures exchange was founded by Gao Xian in 1976. Naturally, Gao Xian has always served as the chairman of Xiangjiang futures exchange.
The Xiangjiang futures exchange, which has Sir Gao as its seat and is called a newborn calf, must be in line with international standards. For example, the trading unit of gold futures varieties adopts the form of several dollars per ounce, and world commodity futures exchanges such as the New York Mercantile Exchange provide futures trading.
Incidentally, there is no irreconcilable conflict of interest between Xiangjiang futures exchange, which launched gold futures varieties, and Xiangjiang gold and silver trading field, which focuses on spot gold trading, and the relationship can be described as harmonious.
As for the local London gold market in Xiangjiang, it is much more complicated. As the name suggests, this is the "projection" of the London gold market in Xiangjiang, a British colony.
In 1974, the Hong Kong government lifted its control over gold; In 1975, the world "since Johnson Matthey and others bet on the soaring price of gold, I'll appease them." Gao Xian nodded and casually turned over the desk calendar on the boss's desk. "This year's Spring Festival is quite late. It's until February 16."
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"In this way, let the trading department of Gaoyi release 1000 gold futures sales contracts with delivery time before the Spring Festival in mid February, and set the price at US $710 per ounce. Let Johnson Matthey eat them. Presumably, the resentment of these guys can be eliminated."Ye Licheng was sweating on his forehead, because after new year's day this year, according to Gao Xian's instructions, Gao Yi was far away from gold in his investment strategy, while one hand in Xiangjiang futures exchange was 100 ounces, and one thousand hands was equivalent to 100000 ounces. Before the Spring Festival, the gold price did not say to rush to a new high, but just maintained at more than 800 US dollars, which was enough to make Gao Yi lose a lot.
"Boss, why don't we change our way?" Ye Licheng suggested stutteringly.
"You can rest assured that if gaoyizhen loses money at that time, I will personally take full responsibility." Gaoxian waved quietly, "this is also a specific early warning line I drew for Xiangjiang local capital."
Seeing Gao Xian's determination, ye Licheng had to take back his words. A boss like Gao Xian who has created his own business kingdom with one hand can't resist if he really wants to show his authority.
……
After receiving Ye Licheng's notice, the first reaction of the flow money merchant of Johnson Matthey who spread all kinds of strange words over there was not to believe that Gao Xian was so smart. How could he do such an obvious loss making business?
"Do you want to?" Ye Licheng urged angrily. "In order to dispel your complaints, sir Gao's sincerity can't be enough."
"Yes, of course. Fools don't want it." the gold merchants who fried gold and red eyes grinned to their ears. "Sir Gao is so particular about things. We don't have any complaints."
……
At the same time, Gao Xian communicated with Hu Hanhui that Xiangjiang gold and silver trading field and Xiangjiang futures exchange will still keep pace with the global gold market during the Spring Festival.
……
After these news spread, naturally, the excitement came with it. In addition to the media reports, the gold speculators in Xiangjiang are also carefully tasting the hidden meaning.
Of course, the price of gold is the most intuitive indicator. The rising trend every day makes many fans of jazz Gao shake their heads. Their idols are estimated to be so smooth that they arbitrarily made such obvious low-level mistakes.
……
Hu Hanhui sighed gently and kindly reminded: "Sir Gao's courage is unmatched. However, sir Gao doesn't have to fight with those international gold merchants. The risk is too great."
"It doesn't matter. I know it well. I just play opponent games with them, so that these guys can understand that Xiangjiang is not a backward place to gallop wantonly." Gao Xian replied with a relaxed face.
Hu Hanhui also felt that Gao Xian was too arbitrary, but for a big man like Sir Gao, he could only point to it.
On the evening of February 1, 1980, the Xiangjiang gold and silver trading house and the Xiangjiang futures exchange were closed as usual, while the market was only opened in London.
Ye Licheng hurried in and reported anxiously: "boss, this is the latest telex. The quotation in the London gold market has reached an all-time high of $875 per ounce."
Gao Xian smiled. "What are you worried about? There are still more than ten days before the delivery time of those contracts."
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