America's Road to Wealth

in the office.

Abel will have the latter conversation with David Mellon because Smith Capital has been holding and investing in gold futures and spot gold for a long time.

Because he is a reborn person, even if he has no talent, Abel knows that after entering the new century.

The price of gold has never really fallen again. Over the past 20 years, it has followed a long and bright line, rising from more than 200 US dollars before my rebirth to an exaggerated level of close to 2,000 US dollars after my rebirth.

As one of the largest futures markets in the world, there are too many investment opportunities here.

Like foreign exchange and oil, gold has always been the main investment direction of Smith Capital.

And this kind of investment has been played for a long time, and many times it is time for futures delivery. Because Abel felt it was appropriate, many of Smith Capital's investments also changed from futures contract trading to serious gold spot futures trading.

It is simply buying and selling futures contracts, and it has become to transport gold to your own bank vault for storage...

Especially at the beginning of this year, taking advantage of the turbulent hot events in Europe and Maoxiong.

Under the command of Abel, Smith Capital engaged in a wave of gold hedging operations.

At least 1/3 of the US$42 billion profit in the first half of the year was earned here.

After that investment made a profit, Abel gave out gold bricks directly to David and the others on a whim, and it is for this reason that he mentions it casually now.

At this moment, David looked at Abel's signature on the document and saw the huge bonus amount next to his name, and he was really happy.

To be honest, the boss's generous gold distribution at the beginning of this year really excited everyone in the company, and it even made news and newspapers.

That mountain of gold, which weighs several tons, has blinded many people's eyes.

However, gold is nice to look at though. But compared with gold bricks, I believe that more people still prefer cash checks that can be spent immediately.

"Haha... well, as long as you like it." Abel laughed and shook his head, then raised his eyebrows and asked, "By the way, how about my gold?"

"According to your request, I have bought gold at a low price with all the profits I earned after gold hedging in February, adding a total of more than 700 tons of gold, with a value of about 20 billion 2 billion U.S. dollars. Moreover, Gold posted its biggest gain in a week yesterday after the U.S. dollar retreated for the first time in 7 days, boosting safe-haven demand for the precious metal. The U.S. dollar has now bounced strongly for several weeks, coming to a point of pressure. If this is the end of the rally, gold prices will start up again."

"... New York gold futures rose $7.30 yesterday, and the U.S. and the U.K. closed at $494, the largest increase since March 16. According to the analysis of the research department, new home sales in the United States may decrease in May, and personal spending growth is not as expected, forcing the dollar After further weakness and boosting demand for gold as a safe-haven, the gold price rally will continue to expand."

"...Gold has risen by 9% since February in the first half of this year, reflecting the possibility of a recession in the US economy..."

After listening to David Mellon's report and analysis on gold, Abel nodded with a slight frown. No one knows the trend of gold better than him.

Even he himself is one of the biggest dealers in the international gold market.

"I still firmly believe that the general trend of gold in the future is to rise. There may be many twists and turns in the process, but the upward trend will not change. During this process, you must continue to do a good job of hedging. As usual, the money you earn from gold, Keep investing in gold."

"Understood." David Mellon nodded and replied, "Indeed, the massive gold purchases by central banks around the world show that the value of gold as a store of value is becoming increasingly prominent around the world, which is an important positive for long-term gold prices."

"In the case of growing concerns about the depreciation of the US dollar, the central banks of various countries have purchased a total of about US$28 billion of gold in the first half of this year, equivalent to a weight of 890 tons, with an average price of US$478 per ounce, which is higher than the gold price at the beginning of the year It is about 15%, which is 12% lower than the current gold price, basically in the middle level. This is also the first time that the global central bank has become a net buyer of gold in 20 years."

"Specifically speaking, gold buyers are mainly emerging market countries, and the time to buy gold has stretched from the beginning of the year to the present. The sources of gold sales are various. Among them, the largest transaction comes from the sale of gold by the IMF to the Central Bank of China. 200 tons of gold. In addition, some European central banks have also acted as the main force of gold sales, and the gold sales time is mainly concentrated in March. However, they mainly sell to Ah San. Ah San and Huaxia people have always been the main international gold sellers. buyer."

"... Regarding the net gold purchase amount of 890 tons by central banks around the world, we believe that it shows that the value of gold as a store of value is becoming more and more prominent around the world, which is an important positive for long-term gold prices. In the next 18 months, gold prices are very likely to touch $600 .In 2004, the total amount of gold purchased by the central banks of various countries and the amount of gold purchased by the central banks may further increase.”

“…currently global gold mining is about 2500 tons per year, in addition to gold from industrial recycling and scrap gold products. Huaxia, in particular, recently said their SASAC should increase significantly in response to the dollar’s ​​downward trend Gold reserves, we think, their proposal shows that they are seriously thinking about how to prevent their dollar foreign exchange reserves from shrinking due to devaluation, but if they buy gold in large quantities for a long time, they will soon run into the existing supply. However, if their gold reserves increase tenfold, from the calculation point of view, the demand will increase by an average of one thousand tons per year.”

"This will inevitably lead to a sharp rise in the price of gold, and this will inevitably cause the dollar to continue to depreciate and accelerate the decline of the dollar as a global reserve currency."

Abel was not surprised to hear David Mellon's words.

As one of the people in the former country, he knew that the emphasis on gold there was only lower than that of Ah San.

That's right, the country that likes to use gold the most in the world is not Huaxia, but Ah San... In terms of consumption, Ah San is the world's number one gold consumer.

But Abel is very clear that in terms of the long-term and persistence of policies, all the governments in the world combined are not as durable as the Eastern powers.

Buying gold for a long time will be an important national policy of the next big eastern country.

"Hehe, isn't the depreciation of the US dollar the result we like to see most? Because the depreciation of the US dollar means that the gold in my hands will appreciate, especially for the euro, and the blow to the European financial market is the best for us hunters." Your help!" Abel smiled happily.

In fact, even the US government is now happy to see this situation.

The official emergence of the euro and the rise of the European Union have now become the first targets of the United States.

While you may be hurting yourself, doing so can also hurt the euro.

Even at the national level, the United States supports this situation.

What the boss in this world must do is to fight against the second son who may challenge his status. Now the red bear is dead, the fur bear is weak, and the big eastern country is still acting cute.

United Europe has become America's greatest challenger.

Naturally, the Americans will spare no effort to fight against it. From political governance to finance to economy to public opinion, all kinds of methods will be used.

"Indeed..." David Mellon nodded and smiled, then took out a folder from the side and handed it to Abel with a smile: "Boss, this is the equity power of attorney for Costa and other five listed companies, and you need to sign it confirm."

"Oh?" Abel took the document, looked at it with doubts in his eyes, and soon looked at David Mellon with some dumbfounding and joked: "Is this considered stock trading, and I finally speculated myself as a shareholder?" , huh, and is the major shareholder?"

Hearing the boss's complaints, David Mellon laughed out loud and explained with a smile: "Boss, these five companies have performed very well and have good prospects, so we will increase our attention and enter their board of directors. Better regulation."

"Hehe, is that right? All right, if it's really good, then nibble and swallow them." Abel said while holding a signature pen, smiling and showing his white teeth, looking at David Mellon.

Stock speculation to become the chairman, after a large amount of funds, this has become Abel's daily routine.

Now, he is already the largest shareholder of more than 150 listed companies, an important shareholder of more than 300 listed companies, and the chairman of more than 50 listed companies...

In fact, this is also the norm in the US stock market. For thousands of listed companies in the U.S. stock market, the major shareholders are often the same group of people going back to the end.

Either Rockefeller, or Morgan, or the First Citigroup, the California consortium...

Now it's just that he is more than Smith.