Reborn Xiangjiang Tycoon Growth
Chapter 201 Gold and Silver 1
After staying at Bell Labs for a week, Bao Zixuan was faced with both money and dreams. Yule Engel joined Heiyun Mobile Phone Company with his technical team. He also served as the chief engineer of the mobile phone R&D department, and his assistants also did
Make proper arrangements.
At the same time, Bao Zixuan also purchased patent licenses for unix operating systems and charge-coupled components from Bell Labs for barcode readers, cameras, scanners, copiers and other products. These technologies are now relatively common technologies on the market, so
The price is not very expensive. However, anyone who wants to produce it must purchase a patent from Bell Labs. This laboratory is so powerful and has such a deep foundation that there is no limit to it.
After arranging the research and development work on mobile phones, Bao Zixuan came to New York again. The Blackstone Fund employees' vacation has ended, and a new round of feast is about to begin. This time he wants to do something about silver and gold, and this is the best in the next few decades.
an opportunity.
Before 1980, the Hunter family was once among the richest families in the world; today its status has declined, but it still cannot be underestimated. The founder of this family, H.L.
Hunter was born in rural Illinois in 1889, the youngest child in his family. His parents ran a farm and the family was relatively wealthy, but he had not received formal education since he was a child. In 1912, the 23-year-old Hunter began to work in Arkansas.
Operating cotton plantations; World War I brought rising agricultural product prices, and Hunter made his first pot of gold.
In 1957, the magazine estimated that h.l.
With a fortune of US$400 million to US$700 million, Hunter was one of the eight richest people in the United States at the time. The second generation of Hunter family members did not sit back and enjoy their wealth, but looked for new investment opportunities everywhere: Nelson-Hunt was committed to development
Libyan oil fields, but later political turmoil in Libya led to the confiscation of the oil fields, and potential investment losses may be as high as 4 billion US dollars; Caroline Hunter opened a hotel and hotel group, serving as chairman; Rama Hunter participated in the formation of North American Football
League and the North American Football League, and named the annual football finals the "Super Bowl"; Swannie Hunter once served as the U.S. ambassador to Austria and taught at Harvard University's Kennedy School of Government. It can be said that,
The influence of the Hunter family on American politics and economy has penetrated into the lives of most people.
In the early 1970s, soybeans were one of the most important export commodities of the United States. They were not only widely used in feed and edible oil production, but also found their way onto American dining tables. In the summer of 1973, soaring demand for soybeans even led to a shortage of soybean stocks.
goods, the government was forced to suspend exports of soybeans - a very rare treatment for an agricultural product that is not a staple food. Everyone in the government and companies is talking about soybeans. Since the commodity is so popular, and so
Isn't shortage a perfect target for attack?
As a result, Nelson Hunter began to use the power of the entire family to speculate in soybeans. Soon, he would have his first confrontation with the U.S. government, and this confrontation was just a preview of the 1980 silver crisis.
In 1973, Nelson-Hunt began to buy silver spot in the Middle East, and at the same time bought silver futures in the futures markets of New York and Chicago. This decision was very strategic, and the Hunt family seized the last calm moment before the price of silver rose.
A large position was established at the bottom. In December 1973, the Hunter family had purchased $20 million worth of silver spot and purchased 35 million ounces of silver futures at a cost of $2.9 per ounce, making them the world's largest
One of the silver holders.
In the summer of 1979, Nelson Hunter finally launched a general offensive. He wanted to give the slowly rising silver price the last push, causing it to blow out like gold. One of the largest tragedies in the history of commodity futures was finally officially launched.
The curtain opened.
In the summer of 1979, the duel between the Hunter family and silver traders around the world began. Nelson Hunter, through the "International Metals Investment Corporation" controlled by him, placed a cumulative purchase of 40 million ounces to the futures exchanges in New York and Chicago.
Instructions. "International Metal Investment Company" actually has only two groups of shareholders, the first group is the Hunter family, and the second group is the Saudi princes and wealthy people. If you can't understand the nature of this investment company, you can think of "Blackstone"
The ownership structure - a greedy board of directors plus a foreign exchange investor from a developing country, this was the routine of the "International Metal Investment Corporation" back then.
Nelson Hunter and his brother William Hunter completed purchase orders through many Wall Street brokers, including Shearson, Bache and other large investment banks. People found that there was a huge buying order in the market, and the price of silver soon dropped from 6 US dollars.
It rose to $11, but no one knew who was buying. The U.S. Commodity Futures Trading Commission investigated the transaction records and found that most of the buying orders came from "International Metal Investment Corporation", a company registered in Bermuda. After more rigorous
Through the investigation, the fox tail of the Hunter family was finally exposed. Soon, every trader in New York and Chicago knew that the Hunter family was the backstage boss of the "International Metal Investment Company". This family is one of the richest families in the world.
one!
Interestingly, when the news spread that the Hunter family was manipulating silver, the price of silver continued to soar, and many small speculators flooded into the market. The reason is simple. Since the Hunter family is "making a bank" for silver, so small speculators
Of course, speculators should choose to "follow the banker". Although it is very dangerous, there is a chance to make a fortune. As speculators continue to pour in, the price of silver becomes increasingly crazy - rising from 11 US dollars to 20 US dollars, and then 30 US dollars.
, it simply broke through 40 US dollars by the end of 1979! The price ratio of gold and silver fell to about 12 times, hitting a record low. The futures market has completely lost control of silver. When will the rise end?
Large futures traders in Chicago and New York were very worried about the monopolistic behavior of the Hunter family. At the end of 1979, the Hunter family manipulated 53% of the silver futures contracts on the New York Mercantile Exchange and 69% of the silver futures contracts on the Chicago Board of Trade. In total,
It holds 120 million ounces of spot and 50 million ounces of futures - this does not include the silver held by Saudi Arabian investors in their personal names. At that time, the global silver trading volume was only about 20 million ounces per year, and the Hunter family had cut off
The largest grain trader of the Chicago Board of Trade said a very classic saying: "We would rather let the market fail than see it be monopolized." It seems that the Hunter family has offended the public.
The big traders in the United States have already stood against them.
Silver producers around the world were very excited about this. They quickly launched plans to find new silver mines, and many long-closed silver mines were mined again. Ordinary residents in the United States and Europe were also pleasantly surprised by the rise in silver prices. They rummaged through boxes and boxes to find silver.
From the ancestral silver tea sets and decorations, all the utensils with silver as raw material were sent for smelting without hesitation, and made into standard silver bars for sale on the market. As a result, the supply of silver on the market increased, and Heng
The Special family's efforts to monopolize the price of silver have been challenged. Although Nelson Hunter tried his best to keep buying, he was already a little overwhelmed - no matter how huge the Hunter family's wealth was, it was still somewhat overestimating their ability to be the enemy of the whole world.
Moreover, the biggest enemy of the Hunter family has not yet taken action. This enemy is the US government. The US government holds a large amount of silver, including silver bullion used as a federal reserve and silver coins recovered after issuance in the early years. The total number may be tens of millions.
ounces. Central banks around the world also hold large amounts of silver reserves. Although no central bank can hold more silver than the Hunter family, as long as they jointly intervene in the market, the Hunter family will surely die without a burial place.
By January 1980, the Hunt family had achieved great results - the price of silver had risen to US$48 and was climbing towards US$50; most of the short traders who were enemies of the Hunt family had already accepted their losses and exited the market.
No one dares to sell short on a large scale. However, the Hunter family also feels heavy pressure, because the price of silver is too high, and it is difficult for the capital held by the Hunter family to continue to increase the price. In order to maintain the monopoly on the silver market, Nielsen
-Hunter was forced to borrow high-interest loans from several major banks in the United States, with average interest rates as high as 19%. Several investment banks on Wall Street also lent large amounts of money to the Hunter family, allowing them to continue playing the game of market manipulation for the time being.
According to investigations by the U.S. Commodity and Exchange Commission, in the winter of 1979, the total value of silver futures contracts held by the Hunter family had reached US$3 billion; by January 1980, its total value may have exceeded US$5 billion! At the end of 1979, the Hunter family
In just over two months at the beginning of 1980, they borrowed tens of millions of dollars from major U.S. banks and more than $200 million from Wall Street brokers, becoming almost the largest borrowers in the U.S. and even the world. They paid just
Interest costs millions of dollars, and manipulating silver has become a money-burning game, even more expensive than war.
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