Reborn Capital Empire

Chapter 287 Powerless to return to the sky

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The wall-mounted TV in the conference room is still playing back the collapsed World Trade Center, billowing with gunpowder. Looking at the extremely tragic scene, I could hear needles falling in the huge conference room!

With the depressed atmosphere, there is a deep gloom in the expressions of everyone around!

"boom!"

The loud noise attracted everyone.

"Damn, why does this **** have such good luck every time!"

Looking at Oliver Balin, who was gnashing his teeth and looking ashen, no one was surprised by his outburst! In this operation against Bruce Guo, energy aside, he invested the most money. Not only did it press half of the funds managed by the Tulip Fund, but also the assets under his name and the remaining assets of the Bahrain family were mortgaged, and they were all invested.

All this money adds up to over $12 billion! Moreover, with the guarantee of Citibank and ING Group of the Netherlands, he got the highest leverage of 20 times in the gold futures market! Therefore, of all people, he is the most sensitive to the rise in the price of gold! Or rather... fear!

"Mr. Turner, I think now we should sell all our short gold positions as soon as possible...!"

If Oliver Baring can still use anger to cover up the fear of failure, then Hills Baring, who has put down most of his net worth, can no longer care so much. At this moment, he is extremely regretful, why did he have a fever in the first place and joined this **** gambling game. Moreover, the greed in my heart was detonated by the success in the early stage, so that now I am deep in the mud!

"Mr. Bahrain, I understand your mood at the moment, but you should also understand that if you sell the shorts now, the losses on the paper will become actual losses. On the contrary, if we can get through the current crisis, wait until the gold price If you take another shot at a falling time, there will be a very high possibility of balancing the balance of payments and even making a fortune!" Paul Turner quickly interrupted.

As a representative of Citi, the leader of the operation against Bruce Guo this time. Paul Turner knew that if he could not quickly unify his voice and re-firm everyone's position, then a tragic failure was at hand!

However, as a regular in the financial world, Hills Baring is obviously not so easy to be persuaded.

"Mr. Turner, I agree with you very much. But now the price of gold has reached $274.5! According to our entry price, we have lost $153.4 per gold contract, an overall loss of nearly $1.5 billion. And in the future gold For every dollar that rises, we all lose $879 million! Looking at the current situation, the possibility of gold breaking through $280 an ounce is almost 100%! This means that we will lose half of what we put in.”

Shils Baring's tone was anxious! He knew very well in his heart that if the loss of assets was too heavy, the final glory of the Balin family would end in his hands! And he himself will become the laughing stock of British high society. Perhaps, he didn't even have the qualifications to step into the upper class! In contrast, the conflict with Bruce Guo has become less important!

Except for Hills Baring, everyone who invested in the operation is in a bad mood right now. To be more precise, it was very bad!

"Mr. Turner, I agree with your point of view. But everyone has invested almost all their wealth in the previous actions to suppress the price of gold. If you don't liquidate your positions quickly now, you will have to pay a huge amount of money as a margin for holding positions. I think now It's hard for everyone to come up with this money again!"

William Schiff, the direct heir to the Schiff family, sits here in place of his younger brother Grant Schiff. It itself represents the importance that the Schiff family attaches to this meeting.

In fact, they can't help but ignore it. After all, when the price of gold was suppressed before, or when the price of gold fell to take advantage of the trend, the Schiff family also invested $800 million in it! The $800 million may not be a huge amount relative to the Schiff family's wealth. But if they lose more than half, then they will also feel the pain!

His words quickly drew everyone's attention to Paul Turner, who was sitting in the middle. It was clear to everyone present that by closing the position now, the paper loss would turn into a real loss of wealth. But if the position is not closed now, then the huge holding margin becomes a problem in the past. Among all the people present, the one that is most likely to solve this problem is Citibank, the world's largest financial consortium with trillions of assets!

"Mr. Turner, Citi is the organizer of this 'anti-Guo alliance' and has the responsibility and obligation to help everyone at this critical moment!"

"That's right. We joined in at the call of Citi. Now that something goes wrong, you can't ignore it!"…

Representatives of some of the funds and trusts who joined later in the scene were clamoring for it!

Paul Turner, who was sitting in the main seat, watched them perform with a cold expression. Having worked hard all his life in the financial market, he is accustomed to the dramatic scenes of "winners and losers". So he was not surprised by the appearance of the greedy faces in front of him!

"Everyone, first of all, you have to be clear. You joined this game voluntarily, and Citi did not force you. Therefore, when you encounter difficulties now, Citi, as the initiator of the action, will provide you with some help, but we have not We are obliged to compensate you for your losses, after all, we are not babysitters!"

After everyone looked at each other, "Mr. Turner, what kind of help is Citi willing to offer you?"

William Schiff's words brought all eyes back to Paul Turner.

"Loan! We are willing to provide you with some low-interest loans!"

"Low interest loan? Need collateral?"

After glancing at him, and then quickly sweeping his eyes across everyone's faces, Paul Turner nodded affirmatively.

"Of course! The basis of Citi's help is to ensure that you will not suffer losses. In addition, everyone is an adult and should understand the meaning of the phrase 'responsible for yourself'!"

To be honest, seeing the attitude of these people in the face of the crisis, he really doubted whether the formation of the anti-Guo alliance was a huge mistake? !

"boom…!"

Just when everyone was about to say something, the door was pushed open! A young man with a document in his hand and a worried expression walked in.

"Gable, you...!"

"BOSS, I just got the news from the information department that the gold price in London time has broken through $280!"

His words instantly caused an uproar in the conference room! Paul Turner's pupils shrank, he grabbed the information in the secretary's hand with a 'swish' and quickly read it, his expression became gloomy again! The price of gold rose faster than he expected!

"Boss, Mr. President delivered a televised speech two minutes ago. He announced that all U.S. military forces around the world have entered a state of first-level alert! And he himself instructed to fight back against all terrorist organizations that violated the interests of the United States!"

The secretary's explanation instantly calmed the atmosphere in the conference room. Everyone present felt the dark cloud of war from his words! And war has always been a booster for gold prices, so it’s no surprise that the price of gold broke through $280 in less than eight hours!

But understanding is understanding, and the result has made it more difficult for everyone to accept!

After taking a deep breath and calming down the complicated thoughts in his heart, Paul Turner's condensed eyes quickly swept across the crowd!

"Everyone, it looks like we don't have any more options!"

"Mr. Turner meant margin call?" asked William Schiff ~www.wuxiaspot.com~ Of course! We all know that when the price of gold will fall, Citi is willing to wait for this opportunity to come! Paul Turner said solemnly.

If the position is closed now, it means that the invested capital loses more than 60%. Compared with this loss, Citi, represented by Paul Turner, is more willing to look forward to a future opportunity! But not everyone has the strength of Citi to take losses!

"Sorry, I'm not going to continue. This bad game was a mistake!"

A fat middle-aged man in a brown suit stood up and said angrily.

After looking at him and looking at the others, Paul Turner quickly understood that in the face of huge losses, this alliance that was united a few hours ago is already very difficult to maintain!

"Bruce Guo, it looks like we lost to you again!"

Thinking of this, the bitterness in Paul Turner's heart became extraordinarily strong!

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