Chapter 447 Let Goldman Sachs fall into the ocean of aunt (5k)
"Goldman Sachs warns gold price outlook remains bleak."
"Goldman Sachs has removed most of its gold long-selling products, saying that as the Federal Reserve normalizes monetary policy, the price of gold may fall below $350 per ounce in the next 12 months, which is approximately 12.35% lower than the current $399.3 per ounce.
"
"..."
As soon as Goldman Sachs released "Accelerating Transformation of the Gold Cycle: Planning for the Fall of Gold Prices", colluding Bloomberg and other media added fuel to the fire and hyped up the prediction of a sharp drop in gold prices, plunging the gold market into chaos.
Investors were deterred by the news and stayed on the sidelines.
Soon, a full 32-page analysis report appeared in front of Lu Fei's desk. He smacked his lips and flipped through it.
The core point is that the real interest rate in the United States will increase and the price of gold will fall. Hurry up and sell the damn gold. If you don't sell it, you will lose it.
"Ah Fei, Goldman Sachs made another move half an hour ago, and has sold a total of 20,000 ounces (566.99kg) of spot gold."
Xu Xin's tone was filled with nervousness. What was even more unsettling was that Goldman Sachs is a market maker that deals in international bulk products. Every adjustment to the gold price estimate will affect the trend of the gold price.
This time, it is clear that we want to short gold to the end!
Lu Fei curled his lips: "The abacus is very thief. He first made a fortune by shorting futures, and then sold high and bought low to make another profit. He is worthy of being a dog of Wall Street, but he is too much of a dog."
"Stop lamenting, what should we do now?"
Xu Xin was restless and uneasy. Three-Body sold a total of 256 million U.S. dollars in long orders, making him one of the main bulls.
"Sister Xin, everyone else has their bayonets drawn. What do you think we should do? Of course we will take the initiative to attack."
Lu Fei was a little panicked in his heart, but pretended to be calm on the outside.
"attack?"
Xu Xin looked confused: "Ah Fei, it's Goldman Sachs' attack now, it's the short-seller army's attack. How do we attack? You don't want to use the safe money from the forced liquidation to fill the position, right?"
"When it comes to this, we won't do anything else but attack." Lu Fei clenched his fists, took a deep breath and said, "Don't worry, there is no one behind us, there are millions of consumers."
Xu Xin was speechless: "A Fei, are you crazy? It's too late to sell gold now, where will anyone buy it?"
"I, we Chinese people."
What Lu Fei said on the phone was adamant.
"Ourselves? Impossible, absolutely impossible."
Xu Xin denied it repeatedly, completely unbelievable.
"Sister Xin, you eat foreign bread and wear diamonds. Maybe you don't understand the status of gold in China. We Chinese people have a deep desire to buy gold, jade and jade."
Lu Fei smiled and said, "The price of gold is so low now..."
Xu Xin wondered: "What do you mean, there will be a wave of gold buying in China? I'm in the Shanghai Stock Exchange and I haven't seen any signs of this trend recently."
Lu Fei said: "It's not just desire, we just want to bring out their desires."
"The more you say it, the more outrageous it becomes."
Xu Xin said helplessly: "Okay, even if there is a gold buying wave, how much can we buy?"
Just kidding, the Chinese aunt is not bragging about beating up Wall Street!
Of course, Lu Fei cannot be empirical. This 2005 is not 2013. The situation cannot be said to be exactly the same. It can only be said that the advantages are obvious.
In 2013, China's hot money first flowed into the stock market and property market, and then only RMB 100 billion flowed into the gold market.
But now, because of the stock market reform in 2005, investors are on the sidelines, and because of macro-control in the property market, there is endless controversy over whether housing prices are going up or down, and real estate speculators have not entered the market for a long time.
With a lot of cash, there is no way to invest or speculate.
Once the opening is opened, gold will not pour in.
Don’t forget, gold is a hard currency that preserves value!
Xu Xin was silent for a moment, vaguely feeling that it was reasonable, but still worried, "What if, if Goldman Sachs has the support of the Federal Reserve and the American government, we will be like a mantis in front of others."
"The United States is too busy fighting with the EU to care about gold."
Lu Fei carefully analyzed that the war between the U.S. dollar and gold and the euro was actually a battle for the U.S. dollar to defend the world's currency hegemony. Before the euro, gold, as a natural currency, was the natural enemy of the U.S. dollar that continued to loosen and depreciate.
The United States must control and suppress gold, and even spread the theory of "gold is useless". However, since the birth of the euro, the United States' first target of attack has shifted away from gold.
Isn’t it because Iraq announced that it would use euro-denominated oil and tampered with the eagle sauce cake that it was beaten?
Cardano, on the other hand, desperately wanted to use gold-marked oil without even using Eagle Sauce, and the EU was the first to refuse.
"Hey, you know all this?"
The more Xu Xin listened, the more sense it made. She said half-convincedly, "A Fei, how do you know so much?"
"Well, I have learned a lot of knowledge. There are very few things I don't understand." Lu Fei smiled. In fact, as a member of the Key Political Faction in his previous life, it was not difficult to deduce the cause from the results.
He tapped his fingers on the table a few times and said firmly: "So Sister Xin, in the second half of the year, or even in one or two years, the trend of gold will definitely be upward. We must not miss such a once-in-a-lifetime opportunity and must buy at low prices."
As soon as he finished speaking, he re-adjusted his top-secret futures investment portfolio. Taking advantage of the volatile international gold price, he not only increased his holdings of long gold positions with a delivery period of one year, but also bought low-priced positions and hoarded spot gold.
Let Goldman Sachs' short selling and selling be the wedding dress for the Three-Body Problem!
"Haha, Ah Fei, although you know a lot about investing, you still don't understand financial operations. Instead of buying spot gold, you might as well make a fuss about gold ETF funds."
Xu Xin speaks professionally. The world's first gold ETF fund was established in 2003. As of this year, 5 have been developed. The operating principle is quite simple.
Gold producers will consign physical gold to the fund, and the fund will rely on this to publicly issue subscription shares on the exchange. Purchasing the shares is equivalent to holding spot gold, which is similar to buying and selling stocks.
The advantage is that gold custody fees, storage fees, insurance fees, etc. are waived. You only need to pay a management fee of 0.3% to 0.4%, while other investment channels charge an average of 2% to 3%.
"Sister Xin, you and Bullock can handle this matter."
Lu Fei's eyes lit up, and he took the next step more leisurely.
Xu Xin asked curiously: "Don't worry about this, tell me first, how do you plan to arouse the desire of the Chinese people to buy gold?"
"Sister Xin, Goldman Sachs can publish research reports and control foreign speech, but don't forget that China is not his territory, and the domestic Internet is my territory!"
Lu Fei's words were full of domineering, and he wanted to send out the Chinese aunt to plunge Goldman Sachs into the ocean of the people!
………………
A gold shop with a signboard of "Laomiao Gold" in Shanghai City.
As the first gold retail company in Shanghai after the reform, "Laomiao Gold" has full cultural heritage. Relying on the "Old Town God's Temple" and "Laomiao" brands, it quickly occupied the title of No. 1 in the gold field in Shanghai.
"Hello aunties, what do you want to buy?"
The lobby manager saw the seven-member group composed of Tian Mu, Sister Li, and Tian Wen marching into the store, and immediately greeted them enthusiastically.
Tian's mother asked, "Let's buy gold jewelry."
The lobby manager said with a smile: "Auntie, you have come at the right time. The international gold price has dropped slightly recently, and it is cost-effective to buy gold now."
"Oh, look, isn't it? People say so, you will definitely not suffer any loss when buying gold now."
Tian Mu raised her chin and shouted at her sisters, then strode forward to the counter, picking and choosing, intending to buy a complete set, necklaces, earrings, rings, bracelets...
"Mom~"
Tian Wen asked: "Why did you buy so many?"
Sister Li waved her hand, "Wenwen, do you know what antiques in prosperous times and gold in troubled times are?"
Seeing each aunt dig out her old capital to buy a bunch of them, Tian Wen was so anxious that she whispered in a low voice: "Mom, the price of gold is going to fall again recently. If you buy so much, it's just like my dad buying stocks. Aren't you afraid of being stuck?"
“Trapped??”
Tian's mother looked like a fool and rolled her eyes, "Wenwen, what are you dreaming about? Who bought gold in order to sell it?"
"That's right, that's right."
"I have only heard of relatives and friends around me buying them, but no one has ever sold them."
"I would rather die and be put in a coffin than sell it."
"Selling jewelry is the last step. Who can sell gold until they are exhausted?"
"Only a prodigal would sell gold..."
Aunts and aunties are all talking and talking, but they have no intention of selling the gold and have been hoarding it for more than 10 years.
"If you don't sell it, why buy it?"
As an economics student, Tian Wen was confused and could not understand the logic of Tian's mother's behavior.
"Of course I bought it for you, a little fish."
Tian's mother pointed to the gold bracelet she was wearing, "This is a family heirloom passed down to me by your grandma when I got married. When you get married in the future, I will pass it on to you as well. I will give you some gold earrings and a gold necklace as a pawn."
dowry."
"Mom, you'd better wear it yourself, gold is too..."
Tian Wen glanced at the group of aunts, not daring to speak loudly, and said as thinly as a mosquito or a fly: "It's too frivolous, I will definitely get diamonds when I get married."
"Diamonds are useless, but gold is still valuable!"
Tian's mother dug out an annoyed look and stopped talking to her daughter, who thought she had a funny brain. "Do you have the kind of life-lock that children wear when they turn one year old?"
Tian Wen asked: "Mom, why did you buy this thing!?"
"Wenwen, you don't understand this? While the price of gold is cheap, your mother will prepare gifts for her grandson in advance."
"Don't buy a life lock, it's better to buy a small gold chain."
"Hahaha~"
A group of aunts gathered together, you said something, I said something, the air was filled with joy, and laughter lingered around Tian Wen.
"Mom! I'm only 19. What kind of child can't be a child?"
Her face turned red as the elders watched her, and she stomped her feet in shame.
However, the lobby manager refused to miss out on business. He took advantage of every opportunity and kept a formulaic smile and said: "Auntie is right to pick gold items for my future grandson. Gold not only maintains its value, but also brings good luck and suppresses evil. Especially our old temple can bring good things to people."
Good luck."
Tian Wen sneered: "Haha, it's impossible."
"It's absolutely true. We specially asked a famous Feng Shui master from Xiangjiang to consecrate the layout of the store. It's really effective."
The more the lobby manager talked about metaphysics, the angrier Tian Wen became. He couldn't get angry at his mother, so he naturally turned his anger on her.
"Oh, what's the price of gold here?"
"The average price is 91.1 yuan per gram. If you are not satisfied with these jewelry, you can buy gold here. We have dedicated personnel responsible for design and processing. We also have diamonds, jade, gemstones..."
"Mom, you want me to tell you that we shouldn't buy jewelry."
Tian Wen gently pulled her mother's arm.
Tian's mother was surprised and said: "What should I buy?"
"If you want to buy, go to the bank and buy gold bricks, gold nuggets and gold bars!"
Tian Wen deliberately made trouble and said: "Gold products without craftsmanship elements retain their value better than gold jewelry."
"Why are you in a hurry? We will go to the bank after buying the jewelry."
As soon as Tian's mother said this, the aunties accelerated their sweep. Everyone bought at least one set, and the wealthy ones directly bought two or three sets. Immediately after, a group of people came out of the gold bank and poured into the bank.
If it weren't for the worry of encountering robbers and speedsters on the road, I would have spent hundreds of thousands before giving up.
"Dad, dad, mom is crazy!"
Tian Wen returned home and shouted loudly.
Tian's father asked doubtfully: "What's wrong? What's wrong with this? Aren't you okay when you go out? How's the gold purchase going?"
"Dad, Mom bought five 500-gram gold bricks and 10 100-gram gold bars. It cost almost 320,000, 320,000!"
Tian Wen gestured "3" with her left hand and "2" with her right hand, widening her eyes and emphasizing her tone.
"What? 320,000!"
Tian's father opened his mouth wide and looked straight at Tian's mother. He saw her running to the study with her bag and storing the gold in the safe, and then he breathed a sigh of relief.
Tian Wen said anxiously: "Dad, please tell Mom quickly. The international gold price is changing every day. Goldman Sachs predicts that it will plummet next year. If we buy such gold, our family will lose money!"
"Children, what do you know?"
Tian's mother looked like "I did nothing wrong" and stood in a stalemate with the father and daughter. After all, she spent a total of 318,500, which was enough for the down payment of a house!
The atmosphere slowly became solemn and dull, and a family quarrel was about to break out. At this moment, the TV, locked on the Yangma Channel 2 financial channel, showed people rushing to buy gold.
Facing the media cameras, the gold store manager smiled and said:
"More and more people are buying gold recently, and they already have to book in advance to buy it. Customers who need gold should buy it quickly. If you don't buy it, the price of gold may not be that cheap next week."
"Because the international gold price has been rising amid fluctuations, although there are selling, it has basically increased by 5.7 yuan this week. For example, yesterday morning our gold price was 90.8 yuan per gram. By this afternoon, it had risen to 91.9 yuan per gram..."
"Oh my god, you've only been home for a short time and you've already earned 2,800 yuan?"
Tian's mother was startled and suddenly felt confident: "Look, if you see it, don't you blame me! Isn't it wrong to buy so much gold?"
"How is this possible?"
Tian Wen hurriedly ran to the room, turned on the computer, and logged in to QQ. Just when she was about to chat with the teacher privately, a pop-up window popped up with the words:
"The international spot gold price rose sharply after the opening. The gold price rose from US$399.30 to US$400.86, an intraday increase of 0.39%, breaking through the key resistance level of US$400 per ounce. Driven by the market, gold prices on the New York Stock Exchange and London Gold
Futures prices have also been rising..."
Turn off the news, and then there is another "Buy Gold" advertisement.
"What's going on? What's going on! Goldman Sachs says it's going down, teachers say it's going down, top academics say it's going down, how can it possibly go up?"
Tian Wen was hit hard and her head went blank. She quickly opened Sogou. Before taking the next step, she saw that 8 out of 10 hot topics on the 24-hour hot list were closely related to gold, all of which revealed one piece of information——
The price of gold is about to rise sharply, so hurry up and buy at low prices!
She simply ignored it. When she logged into the financial channel of the New Wolf Portal, the top news item was still experts commenting on gold. Almost two-thirds of the entire section was either directly or indirectly related to gold.
Penguin is the same, NetArt is the same, Baidu is the same.
The same goes for Tieba, the same goes for blogs, and even more so for BBS.
Golden advertising is everywhere.
"Dingle bell, jingle bell~"
Tian Wen bit her nails and suddenly trembled. She was awakened by the noisy phone outside the house and ran to the living room in a hurry.
In front of my eyes, the TV channel changed to the Home TV channel of Hao.com, which was grandly introducing this blockbuster product - Chow Tai Fook Gold's gold products.
Gold is openly sold for 65 yuan per gram, which is 25 to 50 yuan cheaper than the market price, and is limited to 30 minutes.
"Oh buy it! Did I hear it right just now? Manager Li also said that the profit promotion activities are not limited to the program. All customers who buy gold at Chow Tai Fook in the past two days can enjoy the discount."
"Family members, what are you still hesitating about? Buy it, buy it, buy it!"
"..."
Watching the male and female hosts sing and harmonize skillfully, Tian Wen's mind was as confused as numbness. Unknowingly, her world seemed to be filled with golden information, which could be seen everywhere.
"Wenwen, pack up and go out with your parents!"
Tian's mother turned off the TV and stood up.
Tian Wen asked in confusion: "Dad, Mom, what are you going to do?"
"What are you doing? Of course it's to grab gold! Your Aunt Li also called me. She feels that there is not enough gold to buy, so we must buy more."
Tian's mother grabbed her dumbfounded daughter, and without any explanation, the whole family rushed out to Chow Tai Fook Golden Bank.
The terrifying scene of huge crowds of people in front of them shocked them all year long! The gold counter was so crowded that they couldn't even squeeze in!
What's even more shocking is that customers don't bargain at all. Buying gold is like buying cabbage. They don't buy it piece by piece, but in sets. They place orders and pay as soon as they arrive, as if they are afraid of being robbed by others if they are slow.
“Why are there so many people!!”
Father Tian's scalp couldn't help but feel numb.
"Nonsense, the price of gold is going to rise sharply. If you don't buy it now, if you want to buy it later, it won't be so cheap."
Tian's mother rolled her eyes, "Don't just stand there stupidly. Let's go buy gold quickly. After passing this village, there is no such shop."
The family of three were like headless flies, scurrying around the major banks and gold stores in Shanghai. However, wherever they went, there were waves of panic buying, like an army of locusts crossing the border.
Sweep the gold shop, not a blade of grass will grow!
One day, two days, three days...
The panic buying of gold not only continues unabated, but also becomes more and more intense. On one side, people across the country are waving banknotes and rushing into local gold stores. On the other side, gold stores of all sizes are selling out their stocks. Gold store owners are so anxious that they are holding their hands.
The huge amount of credit cards goes directly to the channel dealers and processing factories to set up camp.
Even gold jewelry processing factories in first- and second-tier cities such as Pengcheng, Hangcheng, Yanjing, etc. cannot get the goods. Big gold stores buy gold jewelry from small gold stores at high prices, and they ask for as much gold jewelry as they want.
Lasting until July 15, the international gold price fell back to 410 US dollars per ounce like a drug, a sharp increase of 20 US dollars.
"No reason! How is it possible!"
David Solomon crumpled the battle report into a ball of paper, threw it at the subordinates standing in a row, and said angrily: "Go and check, go and check quickly. Some link or factor must have been overlooked. Go and check quickly."
In an instant, the frightened men dispersed like birds and beasts.
"What went wrong?"
David Solomon frowned, puzzled.
At this moment, a long-distance call came from across the ocean, and the caller was naturally John Waldron.
David Solomon said feebly: "John, I may not be free now. The price of gold has risen inexplicably..."
"It's not inexplicable, it's China, it's Chinese people!"
