bloom america
Chapter 400 The Golden Problem
Want to buy gold!
The United States currently does not allow private holdings of gold. It is illegal to hold gold coins and gold bars, so Catherine simply purchased physical gold through Liechtenstein as a reserve. Through small and long-term purchases, the company already had a lot of gold.
Gold is still linked to the U.S. dollar at 35 U.S. dollars per ounce. Gold circulates as currency, and futures are not popular.
So for now, physical gold is the best choice.
Within a year after the collapse of the Bollington Woods system, the price of gold suddenly increased several times, and then reached a high of 800 US dollars per ounce in less than 7 years, an increase of more than 20 times. It was an absolutely terrifying profit.
.
In fact, the gold dual-price system that has been implemented now has such signs. The so-called gold dual-price system means that in the official market, the price ratio of 35 US dollars equals 1 ounce is still implemented; while in private gold
In the market, the United States no longer supplies gold at the price of 35 US dollars equal to 1 ounce of gold. The price of gold is determined by supply and demand. In this way, the price of gold in the private market rises with the wind, gradually widening the distance from the official price of gold.
Now in the private market, the price of gold has increased a lot, and it is not as easy as before for Catherine to buy gold through the government.
After entering the 1970s, it was also a sign that Europe and the United States and other countries had completely begun to transform into financial countries. Taking the oil crisis as an inducement, the United States began to undergo very big changes, but it was still unable to sustain it after that. By 1990, the United States was even more
It became extremely embarrassed. Fortunately, the Soviet Union collapsed at this time, and the dividends of the Cold War suddenly improved the situation in the United States.
Catherine couldn't tell whether the current situation in the United States was better or worse than that country in history, but there was no doubt that the process of history had accelerated a lot, so she needed to speed up now.
.
One hundred million U.S. dollars, if converted into gold and kept for a few years, would be more than 2 billion U.S. dollars. There is no more cost-effective deal than this.
Getting more than a billion dollars is a bit of a problem for Catherine, but if she saves two to three billion, she can still do it within a year or two.
Catherine is now more concerned about issues related to manufacturing.
Manufacturing can be said to be the cornerstone of everything. Without manufacturing, today's society will no longer exist.
One of the most important features of financial transformation is deindustrialization. All manufacturing industries are looking to relocate abroad. Historically, China’s reform and opening up policy has achieved such good results partly because the Americans and British have done so in their own countries.
The result of the company's continuous deindustrialization.
To be honest, compared to the Americans and the British, Catherine thinks the Germans are the best. The Germans are much better than the Americans and the British in terms of ideology and obedience. Catherine is the best
That's what matters.
Germans pay more attention to obedience according to social status. In a German's view, if someone is temporarily appointed as his boss, even if the boss does not have as much money as him or is more professional than him, as long as the order is not outrageous, he will
People tend to obey and obey. In other words, if a boss who is tall, handsome and rich is poor but short, he will generally obey him.
On the other hand, Britain and the United States are just the opposite. They are completely subordinate to the interests of capital. If you have money, you hire me and if I can make money working with you, then I will work with you. If I don’t have money, I will just leave.
Although Ark Group is not world-famous now, it has gained quite a reputation in the United States, and it has a bright future of money, so of course everyone is willing to come here.
It's just that Germany is still divided now, so Germany has not become one of the top five countries in the world in terms of GDP as it later did.
"Germany is better...except for being a little strict and rigid..."
"East Germany or West Germany?" Elsa asked.
"Let's combine both sides."
Later, there was a view in Germany that the Anglo-Saxon financial model was flawed. They tended to the big government and small market model and believed that the financial industry's sense of social responsibility was very low - or even 0 - and that the financial industry needed to be placed under government control.
below it, rather than beyond it. This is exactly the opposite of the British and American thinking model.
"It's no wonder Marx is German. It seems that this trend of thought is quite traditional in Germany..." Catherine's words made Elsa a little confused. Does this have anything to do with Marx?
It is for this reason that the official-based model of East Germany was able to be implemented, and it was relatively good in the red camp. If the socialist model was applied to the United Kingdom, even if the Soviet Union was suppressing it, the result would be the same.
There's no doubt about it - it exploded.
Even after the reunification of West Germany, Germany's government control and autonomy capabilities still far exceeded those of Britain and the United States. However, compared with China in the future, it was still not enough.
If the entire United States could be in the same state as the Germans, maybe the United States could be more calm when confronting the Soviet Union, right?
The traditional German thinking model has created Germany's unique characteristics in Europe. In addition, Germans attach great importance to saving. Even under the influence of the American "heavy consumption" trend, the savings rate is more than 10%. The society is certainly stable, and the United States is breaking out every day.
Parades are two concepts - although there has been some minor turmoil since the second decade of the 21st century.
"And Japan..."
Japan is now also a big manufacturing country, and compared to Germany, it is now more threatening. Without the rise of China, and the Japanese are now more enthusiastic about post-war reconstruction, rather than playing in the eight years and ten years.
Compared with this boring political game, let alone the "lost decade", the Japanese are also very ambitious.
Although Japan's prosperity was only short-lived and entered recession in only twenty or thirty years, Japan is now in its heyday, and they are the most troublesome enemy. But fortunately, IBM is a troublemaker.
The ongoing turmoil in Japan has focused all the attention of the Japanese on IBM, so they don't care about Catherine's affairs for the time being.
Once the Japanese come to their senses, they will definitely create difficulties for Catherine.
“The pace of buying gold is going to speed up…”
Catherine no longer cares about that little bit of money. Even if she is short of funds, she can mortgage all her gold. The collapse of the Bretton Woods system is inevitable, and its collapse will never be more comprehensive than what I read in history.
The management was even later. Even if the company was desperate, Catherine could mortgage all the gold. As long as the gold was decoupled from the U.S. dollar, it would be her victory.
The establishment of the Bretton Woods system did bring about an era of unprecedented development of international trade and an increasingly interdependent global economy for a considerable period after the war. However, the Bretton Woods system had its own insurmountable flaws. Its fatal
One point is that it uses one country's currency - the U.S. dollar - as its main reserve asset, which is inherently unstable. Only by relying on the long-term trade deficit of the United States can the U.S. dollars disperse to all parts of the world, allowing other countries to obtain the supply of U.S. dollars.
But this will inevitably affect people's confidence in the US dollar and cause a US dollar crisis. If the United States maintains a balance of international payments, it will cut off the supply of international reserves and cause insufficient international solvency. This is an insurmountable contradiction.
Therefore, the collapse of the Bretton Woods system is inevitable. Now we just need to prepare for a rainy day.
"Elsa, show me some of the trends in the London gold market over the years." Although the United States has completely banned ordinary people from owning gold coins and gold bars, gold trading still exists in old Europe.
The official price is the official price, but there are also private prices among the people. What's more, Catherine needs a market to buy gold.
Erza took action immediately.
Because the company needs to purchase gold for a long time, the information in this area is quite clear.
Elsa quickly brought the information over.
“The most recent situation where gold experienced a significant change was on March 14. The trading volume in the London gold market reached a record-breaking figure of 350 to 400 tons, and the transaction funds were between 400 million and 500 million US dollars.
…”
Then on March 17, the gold dual price system was formulated.
"Gold is a product that maintains its value. It seems that it is not that simple to increase its value..." A smile appeared on Catherine's lips, as if she was mocking: "So... the price of gold is still so cheap now."
Even in the private market, the price of gold is not much higher.
Catherine immediately picked up the phone.
"Hello, this is Quantum Fund."
"I'm Katherine Edson, I'm looking for Soros."
"Please wait."
"Hello, Miss Edson." Soros's voice soon came from the other side.
"Soros, what do you think is the probability of success if we speculate in gold now?"
Soros can single-handedly capture the pound, and now with Catherine, it is not impossible to capture gold.
"this……"
Soros was caught off guard by Catherine's question.
"Although private gold no longer has the $35 rule, gold does not have a higher value now. If you want gold to collapse, you must first let the Bretton Woods system collapse, and the Bretton Woods system
It is based on the US dollar..."
It is naturally impossible to completely destroy the U.S. dollar or something like that.
"And we alone are not strong enough. Without a capital flow of more than 5 billion, I cannot guarantee success. If you give me more than 20 billion US dollars, I can guarantee 100% success. It is even possible to force countries to abandon fixed exchange rate systems.
"
Soros is indeed very talented, but 20 billion... If he could really get 20 billion, Catherine wouldn't be exhausted now.
"I'm sorry, I was abrupt."
Catherine feels that she needs a long-term plan...
…
Two updates completed, today is the 5th, my birthday. Please vote for me~ Hehe~
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