During this time, almost all gold stocks were skyrocketing.
Many domestic gold concept stocks have doubled or doubled.
As the price of gold soared, international crude oil also surged.
The direct consequences of rising crude oil prices are rising commodity prices and currency depreciation.
And Chen Fan’s real purpose is to short crude oil.
Based on the previous situation, if I rush in rashly, I am afraid that I will be eaten up by these capitals without even leaving any bones.
But the situation is different now. The price of gold remains high and crude oil is soaring. Naturally, some people sense an opportunity.
In fact, oil prices are artificially high, which is also detrimental to oil producers.
Because every time this time comes, those oil buyers will take out their own stocks to survive the cold winter. In fact, oil producers will not get much benefit.
In this case, they also hope that oil prices will drop to normal levels.
But they never dreamed that international gold would fall so fast.
Although some people have predicted that when gold rises to a certain level, it will fall.
But no one expected it to fall so fast. It took a long time to rise, and it was like an avalanche when it fell.
It seemed that it suddenly collapsed in an instant, falling from more than 900 to more than 500 per gram overnight.
The entire market is in panic, and many people are confused.
Most people wake up to find that the price of gold has halved.
When they were still counting on a rebound, they fell directly to more than 300 yuan per gram.
The main reason for all this was that Feifan Group suddenly closed its positions, and those international giants reacted and made the same move.
They also realized that someone had escaped, so they closed their positions overnight.
What followed was a sharp drop in crude oil prices.
At this moment, some experts are saying in the media that gold is actually just a metal, and this decline is just a return to rationality.
The value of gold itself should be at this price.
Because there is so much gold on the market, especially for urban residents, almost every household has at least tens of thousands of dollars of gold.
This directly leads to the fact that the price of gold is unlikely to rise again in the short term, and is very likely to fall back to more than 200 yuan per gram.
Feifan Group earned at least more than ten trillion in international currency from this international gold operation, and together with the sale of the gold in hand, it was a huge amount of money.
Afterwards, Zhao Linlin made statistics and found that the total income exceeded 20 trillion.
The total amount of funds of Feifan Group has reached 50 trillion.
Seeing these numbers on the books, Chen Fan said with satisfaction, "Now we are well-deserved number one in the world."
"I can guarantee that no family or consortium can have as much money as we do."
"Even a reclusive family like the Red Shield Family and the S Family are no more than that in front of me."
"Next, we need to turn this money into assets."
If fifty trillion international currencies were turned into assets, wouldn't they buy the entire world?
Buying the whole world is a bit exaggerated, but having your assets spread all over the world is not false at all.
Zhao Linlin asked: "How do you plan to operate?"
Chen Fandao, "We have opened banks around the world. When they have no money, they will come to us to borrow money."
"At that time, let them mortgage their assets. If they cannot repay their debts, these assets will naturally become ours."
"This is much more convenient than buying it, and it doesn't cost so much."
Ning Xuecheng nodded, "Yes, we are going to transform. Too much money is meaningless."
"But I suggest that Tang Wu's team should continue to expand and be distributed to various places around the world."
If you don't have your own armed forces abroad, you may not be able to protect your investment.
Even after Chen Fan built the port and base, the local people actually had the idea to take it back.
And cases like this happen every day around the world.
Many people lose all their investment overseas and have their money taken back inexplicably.
Chen Fan fully supported Ning Xuecheng's suggestion.
So the next task is to open banks and expand the armed forces.
Now there are only two banks under the Feifan Group, which are far from meeting Chen Fan's requirements.
After Chen Fan and others finished the gold and crude oil business, the S family's bank was officially opened.
They used their advantages to compete with George Eva for customers, and many big customers were snatched away by them, which indeed caused great trouble to George Eva.
On this day, she came to the winery to discuss countermeasures with Chen Fan. Chen Fan said, "If you increase the deposit interest rate and lower the loan interest rate, we can achieve zero profit. As for the company's employees and other expenses, they will be subsidized by the headquarters."
"Isn't it just a matter of burning money to see who can outshine whom?"
"Maybe his bank won't be able to continue operating, and it will have to be acquired by us again."
It's not that George Eva has no choice but that he can't be the master.
As long as Chen Fan opens his mouth, it doesn't matter if he doesn't make any money or loses money to make a fuss.
After making up his mind, George Eva returned to the bank and started a new round of policies, raising deposit interest rates and lowering loan interest rates.
The interest rate she sets is more advantageous than all banks in Western Europe. As for the customers, they must come here for profit.
No matter how good your relationship is, if the interest rate for the same amount of money deposited in your S family's bank is higher than that of others, of course he will deposit it with someone else.
Therefore, Chen Fan's move directly eliminated the S family's advantage.
In his words, at worst I won’t make any money!
The news that George Eva significantly lowered loan interest rates and raised deposit interest rates immediately spread throughout Western Europe.
Suddenly, many customers lined up to deposit money.
There are also so many people taking out loans that even if you make an appointment in advance, you will have to wait until a month later.
When Galt and his son heard the news, they were a little depressed. Galt said, "I don't believe in evil anymore. Let's see how long they can hold on."
Just now they asked someone to calculate an account based on George Eva's interest rate. It is almost impossible for them to make money by doing this, and they might even end up paying back the money.
Where do they take this kind of negligible profit?
But George Eva just did this, making them very passive.
"No, let's ask the Banking Regulatory Commission to put some pressure on them."
Everyone knows that the interest rates of private banks are definitely higher than those of large state-owned enterprises. If everyone is at a certain starting line, they will not be able to attract customers at all.
But there is a certain limit for them to raise interest rates, otherwise the higher authorities will step in to stop them.
Because if George Eva continues to do this, no one will have anything to play with, and it will not make any money itself. Over time, some banks may collapse.
In order to prevent this situation from happening, they must stop George Eva from continuing to act recklessly.