Chapter 598 New York Gold Reserve Center joins the war
Ever since Goldman Sachs announced its short position on the Dragon Kingdom gold market, Star Investment has begun to prepare for a counterattack.
After Yang Chen gave an order, Xingchen Investment released a gold market research report.
There are three main reasons why Goldman Sachs shorted the Longguo gold market.
First, the price of gold is 1,750 meters gold per ounce, which is at a very high price. Compared with the gold production cost of 1,200 meters gold per ounce, there is room for a fall of more than 500 meters gold per ounce.
Second, in the past three years, the Dragon Kingdom government has shipped back a total of 2,600 tons of gold from abroad. However, the total annual gold consumption of the Dragon Kingdom is only about 600 tons. Even if the Dragon Kingdom stops gold production and procurement, this much gold is enough for the Dragon Kingdom.
It has been used for more than four years, so the Longguo gold market will steadily decline in the next five years.
Third, the Dragon State government has consumed too much reserve funds by purchasing gold from overseas, and there is no excess funds to stabilize the gold market. Once the gold price falls, the Dragon State government can only watch.
Star Investment’s research report refuted Goldman Sachs’ short selling reasons one by one.
First, the price of gold is not high, because with the turmoil in the international situation, as an internationally accepted hard currency, the demand for gold as a safe haven will become higher and higher, and the international gold price will continue to rise, and is expected to rise to 2,300 per ounce.
-2500 meters gold/ounce, its actual value and safe-haven value will reach a balance point, and then the gold price will fall back.
Second, the gold shipped back by the Dragon Kingdom government is used as a strategic reserve and will not be easily thrown into the market. It is not safe to reserve any foreign debt in today's uncertain international situation, but it is safe to reserve gold, an international hard currency.
Therefore, there is no situation that the gold market in the Dragon Kingdom will not be used up in the next few years. Moreover, it is around the New Year of the Dragon Kingdom. According to custom, there will be many newly engaged and married couples who need to buy gold jewelry such as three pieces of gold. The strong demand in the gold market will definitely drive
Gold prices are rising steadily.
Third, most of the gold shipped back by the Dragon Kingdom government is reserves and deposits placed abroad, and not all of it was purchased with foreign exchange reserves. In other words, most of the gold shipped back originally belonged to the Dragon Kingdom and did not require any money.
Buy, so there is no problem that the government lacks funds to maintain the gold price. If the gold price really fluctuates greatly, the Dragon State government can continue to buy, or throw the returned gold into the market, thereby stabilizing the gold price.
If you just refute Goldman Sachs' short selling reasons in words, it is obviously not persuasive, and it is not Yang Chen's style of doing things.
The second half of Xingchen Investment’s research report clearly explains the future operation plans of Yang Chen and Xingchen Investment.
First, Yang Chen will personally follow the will of the country and convert the foreign currency he earns into gold and transport it back to the country as a reserve fund to prepare for future emergencies. Currently, Yang Chen has stored approximately 200 billion meters worth of gold in the Longguo Bank vault.
The gold of gold comes from the foreign currency earned in overseas capital markets. In the future, Yang Chen will continue this operation and convert the foreign currencies earned in overseas markets into gold and ship it back. Paper money is not reliable after all, and gold is the hard currency.
Second, Star Investment will open long orders of at least 1,000 tons of gold in batches in the international gold futures market. Goldman Sachs and its peers who hold the same views as Goldman Sachs are welcome to continue to open short orders and see who can have the last laugh.
Xingchen Investment’s research report quickly spread throughout the global capital market, quickly triggering a wave of discussion.
Comments from Dragon Kingdom netizens.
"Let me go, Boss Yang is too cool, isn't he? The gold reserves in Longguo Bank alone are worth 200 billion meters of gold. Doesn't that mean that this gold alone can make him the richest man in the world?"
"I always thought Boss Yang was awesome, but I didn't expect that he was even more awesome than I thought. In the past few years, he has made 200 billion meters of gold from abroad alone. Doesn't he make tens of billions of meters of gold a year? He
This is too profitable."
"Haha... It has to be Boss Yang. He refuted Goldman Sachs's reasons for shorting one by one, and finally used practical actions to prove to everyone that gold will definitely rise. What are you waiting for? Boss Yang has led everyone to make money for the first time.
If you fail to seize the opportunity, it only means that you are out of luck."
"The stupid people are still discussing, but the smart people have already queued up to grab the gold. I am now queuing up at the Dragon Kingdom gold store next to the community. Only now do I realize that there are so many rich people in the Dragon Kingdom. They really just take it with their eyes closed. No.
Those who knew it thought it was cabbage."
"Oh my god, the ladies at the Lao Miao Gold Lujiazui store have gone crazy. They are really carrying gold in canvas shopping bags. The store has been emptied and they are taking it out from the warehouse."
…
As we all know, older women like gold the most.
First, wearing gold and silver makes you look wealthy, indicating that you live a good life.
Secondly, gold maintains its value and can be used as a family heirloom for children in the future.
Therefore, major gold stores were quickly occupied by aunties.
They don't care whether it's gold bars, bricks or gold jewelry, as long as they can afford it, they take it.
At the same time, the Longguo National Reserve Management Bureau issued an announcement.
The Administration has reached a gold sales agreement with Yang Chen and Xingchen Investment. The Administration will sell 500 tons of gold to Yang Chen and Xingchen Investment. Yang Chen and Xingchen Investment guarantee that this batch of gold will be used for reserve purposes and will not be sold for at least five years.
As soon as this announcement came out, it directly detonated the Dragon Kingdom gold market.
Boss Yang really spent real money to buy 500 tons of gold. If you continue to wait and see or have doubts, you will really miss this wave of market prices.
As a result, there was a wave of rush to buy gold as "New Year's goods" throughout the Dragon Kingdom.
Today is the last opening day of the stock market before the Spring Festival. The gold sector has collectively hit the daily limit. Even stocks with a touch of precious metal concepts have risen sharply. The gold sector has even driven the market up by 150 points. The sluggish Big A finally ended the year
market conditions.
After get off work in the evening, major physical gold stores set off another wave of panic buying, and then all major gold stores hung up "sold out" signs.
At this time, the United States.
The United States is not celebrating the Spring Festival, and the stock market is trading normally.
At the morning meeting of the Loudsheng Group, everyone looked heavy.
President John looked at the report sent from Longguo Branch and frowned.
"Yang Chen and Xingchen Investment purchased 500 tons of gold for reserve and promised not to sell it within five years."
"There has been a rush to buy gold across the country. Women over 50 have become the main consumers. Buying gold is like buying groceries and carrying it in handbags at home. At present, most gold stores across the country have been sold out and have ceased operations."
"We have obtained inside information from several gold processing companies. They will raise prices collectively tomorrow, and will ignore the international gold price and directly price according to their estimates of the market."
…
After seeing the contents of these reports, John no longer knew what to say.
After a long silence, John finally spoke.
"Everyone, please express your opinion. Say whatever you want, it doesn't matter." John said weakly.
The president spoke, and everyone actively discussed it.
"People in the Dragon Kingdom are all crazy. How can anyone buy gold like this? All the gold shops have been emptied. Why are they so obsessed with gold?"
"I have lived for more than fifty years, and this is the first time I have seen people in a country rush to buy gold like this. Aren't they a developing country? Why can they buy gold as cabbage? We are a developed country, and ordinary people do not have the purchasing power.
Now I’m a little confused about who is a developing country and who is a developed country, between them and us.”
"This has to do with their values. In the eyes of the people of Longguo, parents must earn property for their children, and gold is undoubtedly the best reserve option."
"I think the main reason is that Yang Chen really did what he said. He bought 500 tons of gold with real money, and everyone else followed suit. Alas... we blame ourselves for underestimating Yang Chen's wealth and his status in the Dragon Kingdom.
influence."
"Then what should we do now? Continue to fight hard, or should we quickly admit defeat?"
"There's no need to admit defeat so early, right? Let's wait until the market opens and see how the market is doing. If the price of gold really soars to the point where we can't bear it, we can only stop the loss in time and admit defeat. If the situation is not bad, we will fight again.
Antibody."
…
Everyone looked at CEO John, he still had to make the decision.
John said nothing and quietly waited for the market to open.
Half an hour later, the market opened.
Not surprisingly, the price of gold futures rose sharply, jumping from 1720 meters gold per ounce to 1860 meters gold per ounce.
The same goes for the stock market. Gold concept stocks have risen across the board. Even companies in Longguo that have anything to do with gold have also risen.
Because the reason for this wave of rise was Yang Chen’s counterattack against Goldman Sachs, Long concept stocks also rose to varying degrees.
Now all dragon concept stocks have an additional theme concept, that is, "Yang Chen concept stocks".
Therefore, as long as it rises because of Yang Chen, there is a high probability that all Long concept stocks will rise.
This is the first time that one person has affected the stock prices of so many companies, and thus the entire stock market.
Even Buffett, who is regarded as the stock god by people all over the world, does not have such ability and influence. Yang Chen is truly the first person in history.
At this time, Phil Tas, the president of Lion Fund, saw the red stock of Long concept and smashed the coffee cup in his hand on the table in anger. After calming down for a few seconds, he quickly scattered the coffee on the table.
wipe.
The video of Chen Jianbin's version of Cao Cao placing a bowl of rice on the table and then sweeping it back into the bowl is very popular on the Longguo Internet. It is particularly suitable for the current Philtas.
After wiping the table, Feltas could no longer control his emotions and cursed: "Farke! Farke! Farke! Why are those idiots at Goldman Sachs shorting Longguo Gold at this time? We were originally with
Yang Chen's battle has entered a headwind state, and now they have caused a collective rise in Long concept stocks, which makes it even more difficult for us! Fake! A bunch of idiots! Tamar's!"
At this time, the secretary came in.
Secretary: "Mr. President, Luckin Coffee has risen again, and our short position is going to be liquidated again. Should we continue to add cash to sustain it, or close the position?"
Philtas: "We have already paid such a heavy price, so of course we must continue to hold on. Doesn't closing the position at this time mean admitting defeat? Doesn't the short order opened before really result in a loss? As long as we don't
If we close the position, we will only have a floating loss in our account. Once we close the position, it will be a real loss. Yang Chen has spent so much money again, and he will definitely not be able to bear the risk of us shorting ten Long concept stock companies at the same time. Hold on, win.
It's right in front of us. We must continue to replenish cash until the decisive battle comes."
The secretary nodded and quickly followed Feltas's order.
Fiertas was angry that Goldman Sachs had made it more difficult for them, so he couldn't help but call Goldman Sachs President John.
Philtas: "Mr. John, what on earth are you doing? Look at the good things you have done. The collective rise of Longgain stocks is all thanks to you. We are already in a difficult situation, and you are going to make it even more difficult for us.
"
John is also in a bad mood. Not only will Goldman Sachs lose money this time, it will also lose face around the world.
The dignified Wall Street tycoon was defeated by Aunt Longguo and was completely humiliated.
He was already depressed, but Philtas actually called him to condemn him, which was unbearable for him.
"Fake! Do you think I want to do this? We have opened a short order for 400 tons of gold in Tamadi, and now the position has been liquidated. I don't know whether to cover the position and continue or close the position and admit defeat. I don't know who to scold.
Well, you actually called me to condemn me?" John said angrily.
Fiertas: "But you didn't investigate thoroughly and consider all the issues before you went short, and now you've ended up like this. You deserve it. But we were wronged!"
John: "You fart! Fa Ke! You deserve it. I wish you will be harvested by Yang Chen and go bankrupt! Fa Ke!"
After saying that, John hung up the phone.
Haha, the CEOs of the two major Wall Street investment banks actually started to yell at each other in defeat. If this was known to people all over the world, it would definitely make them laugh out loud in the new year.
Seeing that the gold futures price is about to exceed 1900 meters gold/ounce, Xingchen Investment’s gold long orders have arrived as scheduled.
I saw a big order suddenly appeared on the gold futures trading market, and the price of 1900 meters gold/ounce easily broke through. The long orders continued, and it took only five minutes to force the gold price to 1990 meters gold/ounce.
At this time, the number of long orders decreased, the price of gold began to fluctuate up and down, and the long-short game at the handicap was very intense.
If he relied entirely on real gold and silver to raise the price of gold, Yang Chen's cost would be very high, and the risk would be high, and he would most likely be counter-pressured by the Air Force.
Therefore, when the price reaches this point, you should stop throwing money at it and use another method to raise the price.
Seeing that the price of gold is about to exceed the sky-high price of 2,000 meters gold per ounce, the U.S. government began to sell goods.
As we all know, countries around the world store large amounts of gold in the United States.
This gold will not be shown to others easily, nor will it be traded, let alone allow other countries to transport it back.
There is a certain amount of room for maneuver, and everyone who understands it understands it.
To put it bluntly, it is hard to say whether the gold stored in the basement is gold handed over by various countries.
The current price of gold is so high because of Yang Chen's speculation. It will definitely not be able to stabilize the high price, and it will definitely fall back soon.
So some people are being clever. Why not take advantage of the current high price and sell some of it, and then buy it back when the price drops, so that you can make a profit in vain while ensuring that the reserve fund remains "unchanged" without anyone noticing?
As a result, a large amount of gold suddenly flowed out of the U.S. gold spot market. Under the impact of this spot gold, the gold spot market price began to fall, which in turn drove the futures market price to also fall.
Dragon Kingdom.
Today is New Year's Eve, and most people in the Dragon Kingdom have gone home to reunite.
Yang Chen was preparing lunch with his aunt and cousin.
My aunt's phone calls have never stopped. Now a call comes in, and now a video comes in. She has to cook again, but she is very busy.
Li Xiaofei: "Mom, can you concentrate more on cooking? I'm afraid you'll mistake salt for sugar and vinegar for soy sauce."
Chen Yuyan sneered and said, "Don't worry, I promise I won't poison you to death."
Li Xiaofei: "Xiao Yanzi, don't go too far. If I die, who will provide for you until the end of your life?"
Chen Yuyan: "I still expect you to provide for me until I die? I don't know where you will marry in the future! I will be satisfied if you can come back to see me once a year. When you have children and have to take care of your work and family,
You may not come back even once a year, but I still expect you to take care of me until I die? Don’t put money on your own face. This is how raising a daughter is. If you marry far away, it means raising a daughter in vain. Alas..."
Li Xiaofei: "Don't worry, even if I remain a bachelor for the rest of my life, I will never marry far away. I will be by your side and take care of you."
Chen Yuyan: "Haha... That's nonsense. I'm still waiting to have my grandson. What if you don't get married? From the moment you were born, I have prepared for the worst. As long as you are happy, even if you cannot come back to see me in the future
, I admit it too.”
Li Xiaofei stepped forward and hugged her mother, saying coquettishly: "Don't worry, little Yanzi, I will definitely not marry far away."
Just as Chen Yuyan was about to speak, her phone rang again.
Chen Yuyan: "Who is it again? You must be asking me how the price of gold is going. I don't care, I won't answer it. Chenzi, can I still buy gold now? I think there is already a downward trend."
Li Xiaofei came to Yang Chen who was killing fish and said: "Brother, I read on the Internet that the United States suddenly sold a lot of gold. In order to sell the gold, those people kept lowering the price, and both the spot and futures markets fell.
Yes. You said before that the price would rise to more than 2,000 meters of gold. Is this still your view now?"
Yang Chen: "Of course. My point of view remains unchanged and I maintain my original view. I calculated that the United States will sell goods to suppress the price, and they are just following my ideas. Let them sell more, and the price will rise in the future.
, so that they have no money to buy it back. This time I not only want to harvest Goldman Sachs, but also the New York Gold Reserve Center."
Li Xiaofei: "Brother, you're awesome! You're the only one who dares to do this. Others don't dare to play like this, and they don't have the ability to play like this."
Chen Yuyan: "Chenzi, you said that foreigners have no spirit of contract. Policies change day by day. As long as it is not good for them, they will break the contract at will. If you harvest them, what if they break the contract and freeze your funds?
Isn’t that all the hard work in vain, making wedding dresses for others? Especially since you just said that they threw away too much and would not have the money to buy it back later, isn’t this forcing them to not respect martial ethics? "
Um?
My aunt reads the news every day and learns a lot of knowledge.
However, could Yang Chen not think of a problem that even ordinary people like my aunt could think of?
Yang Chen had already thought of a way to escape before spending a large amount of foreign exchange, and there was no way he could let them scheme against him.
"Haha... I lent them ten thousand courage, but they didn't dare to freeze my account. Before I decided to play with them, I had already thought of a way out." Yang Chen said confidently.
