Chapter 0685 Is 100 times cowardly?
"Ahem..." Li Zitao was frightened now, and he spoke four or five hundred times more. Brother, are you crazy or floating?
Li Zitao gently rubbed his temples with his fingers, and suddenly felt curious about why Barclay was so enthusiastic all of a sudden.
"Will it be too high?" Li Zitao asked pretending to be fine.
"This is faith in you, Charlie." Andrews said with a smile.
100 million, 500 times, "My photos may appear in the black market, and the red bounty amount will be hung!"
Thinking of this possibility, Li Zitao felt it would be better to be more secure. Just have a 100-fold play. The account with Morgan has not been settled yet, so it is too high-profile to attract attention.
"100 times, time... 2 months." If it is 100 times, the risk is something that Li Zitao can bear, and he is still not suitable for too crazy rhythm.
Besides, there are not many people who dare to use 100 times, so this cannot be considered a coward!
"Don't consider improving?" Andrews asked again, as if he especially hoped that he could increase the leverage ratio.
"No need, 100 times is enough. What is the margin ratio?" Li Zitao said with certainty.
The more enthusiastic the other party was, the more careful he was, but the Great Depression undoubtedly proved that his memory was correct. It would be a pity to let go of such a good opportunity to make money.
In two days, the end of the month will be until the end of the month. If you remember correctly, in early November, China will announce its departure from the silver standard and announce the implementation of a new monetary system.
In fact, this aspect has not had a big blow to the price of silver. Next, Washington announced that it would stop acquiring silver, which is the reason for the plunge in silver.
The reason why Washington stopped acquiring silver was to force China to link fiat currency with US dollars and let it join US dollars.
This suspension of purchases is inevitable, because if Washington continues to acquire, China will have enough silver in the market for foreign exchange and successfully join the pound group.
This has something to do with America's future status, interests in the Far East and the international status of the US dollar. Roosevelt will never allow fiat currency to join the pound group.
After the negotiation, the margin ratio was 11.9%. Li Zitao handed over the rest to the think tank, and the think tanks knew more about this than he did.
"If you remember correctly, your value will double at the end of the transaction." Li Zitao pulled his cuffs and thought to himself, should he have a few more good watches?
Not to mention that the decline in memory is more than half, even if it only falls by one third, he can earn half of the Blue and White Chamber of Commerce, and this is cash!
Market value is market value, and cash is cash.
After roughly calculating, Li Zitao's current net worth is at least 5 billion, and the cash he can use is 100 million. How many people worth hundreds of millions of yuan are the problem that he can take out 1 million.
In this regard, Li Zitao is no different from other capitalists. The only difference is that the debt ratio of industries under his name is particularly low.
Skunk doesn't count, otherwise it would have gone bankrupt with its debt ratio.
"If we could sell hundreds of more Grand Races, we could still buy skunks' debts." Thinking of this, Li Zitao became more interested in the inspection in a few days.
When Li Zitao was paying attention to his trading, there was a new silver order in the New York market.
15 kg/hand, sold more than 5,000 lots.
The next day, as usual, 30,000 lots were sold at 15 kg/hand, and the silver price fell slightly on that day, but it was soon pulled above the 80 cents line.
The number of people sold on the third day was less than 2,000 lots.
On the fourth day, November 1, 20,000 lots were sold.
Just when many buyers were curious about who it was, the account disappeared. It seemed that the silver in the other party was empty. Since this was the case, there was no need to pay attention to it.
Only Li Zitao knew that this was mobil being shipped, and all 30 million ounces of silver were sold, making a profit of more than 20 million.
On November 3, while anxiously waiting, Li Zitao finally heard the good news.
The Ministry of Finance of Xijing Government issued an announcement announcing the implementation of the fiat currency system nationwide, and the cheating fiat currency has finally come to power.
This reform has completely decoupled the Chinese currency from silver and is no longer limited to the market pressure brought by the outflow of silver.
However, the Xijing government lacks enough gold and silver to determine the gold content of the fiat currency. Next, they should acquire gold and silver in China and then ship it to the London Metal Exchange to cash out in exchange for sufficient foreign exchange as reserve for issuance.
By that time, Roosevelt would not be able to sit still, and he would make a fortune and close his position and leave the market.
The price of silver has fluctuated very little recently, with London having been fixed at around 36p and New York having been around 80 cents.
"Boss, this operation is too risky. Two levels of fluctuations will make you lose everything." Ben said a little complainingly when he communicated with London on the phone.
These days, the cost of cross-border phone calls alone is tens of thousands of yuan. The market is closed 24 hours a day, and people are watching the think tanks 24 hours a day.
Unless the signal is unstable and the line is suddenly disconnected, the phone will be in a state of being connected at other times, and the changes at each point will be transmitted to the think tank through the other side of the ocean.
What made Ben feel relieved was that so far the price has not fluctuated slightly, only 'slight' fluctuations, which would not affect Li Zitao.
"If you want to play with it too, now is a good opportunity." Li Zitao sat next to him, pointing to the large plate drawn by the think tank and laughed.
"I have asked someone to buy 160,000 yuan." Ben said calmly.
The Great Depression's "early wealth overnight" was a miracle that he would never forget in his life. Since then, Li Zitao has never touched the stock market again.
Now that he can speak in person, from the original point of view, it means he has absolute confidence.
Besides, it’s only $1 million. If you really lose it, you will feel sorry for a few days, and it will have no impact on him. If you make a profit, you will get rich.
"I just said I'm taking risks...you guy." Li Zitao looked at him in a daze for a long time before he came to his senses and pointed at him and cursed.
"I believe in your judgment." Ben pulled the corner of his mouth backwards.
"If you want to make money, just say... Since you have got the benefits, I will leave it to you. Thank you for your hard work." Li Zitao pressed it on Ben's shoulder, and turned around and walked out.
After watching the club for several days, he was almost bored and his heart was full of trouble every day. It would be better to be calm without seeing him.
Since the issuance of fiat currency on the 3rd, the central bank has announced the foreign exchange rate to the public on the 5th. The first day announced the fiat currency against pound sterling: 1 fiat currency = 1 shilling 2.5 pence.
In the next few days, the fiat currency exchange rate will be announced day by day, which is actually equivalent to incorporating the fiat currency into the pound group.
"The British have a large number of industries in China, and fiat currency joins the pound, and the economic relationship between the two sides is even closer... Roosevelt is angry now?"
On the way home by car, Li Zitao laughed and said, but in his heart he was looking forward to Roosevelt making a decision earlier.
As the president of the United States, how could a silver group threaten? Kill them quickly, "so that I can eat a lot of oil!"
Chapter completed!