Chapter 1407 Golden War (1)
The old man who stood up was named Cedric Obernmo.
This person is the current patriarch of the Golden King Okumoto's family!
"Monopoly is the only source of huge profits" - this foundation business law still seems to have not expired.
Among the richest people in the world today, there are only a few who have made their fortune by monopolizing resources, and the Omoto family is one of them.
Today, the Obonmo family has controlled nearly half of the world's gold products and almost all diamond products by relying on operations from hundreds of years ago. The family's total assets have reached 700 billion in national currency! ! !
The famous Gaosheng Group is also owned by the Okumoto family.
"Cedric, my old friend, do you have any clever ideas?" Solomon Rothchild asked.
"According to the investigation of "Children", Chen Mo's capital chain has been very tight recently. He must withdraw 400 billion futures in the gold futures market to supplement his cash flow, otherwise there will be big problems! "
"I think this is a good opportunity to teach him a lesson!"
"Not only that, I also want to short the gold market of Daxia while taking care of Chen Mo!!!"
Cedric Oban said with a smile.
This plan is actually not only for the foundation, but also for Cedric Obern's selfish motives.
In 2004, the total value of the global gold market was more than 2 trillion yuan!
Most of them are controlled by Cedric Obern.
Only Daxia Kingdom’s gold market of more than 150 billion in national currency has not been touched by him!
Cedric wants to take this opportunity to win over Daxia's gold market and completely confirm his title as the Gold King!
Solomon Rosicchild's eyes lit up: "Tell me about your specific plan."
Cedric Auburn: "The general plan is to unite the gold merchants in Daxia and put a large amount of gold in Daxia."
"With the inflow of gold, the price of gold is bound to drop rapidly."
"When the time comes, I'll buy it at a super low price, and finally sell it at a high price and make a lot of money!"
"This will not only prevent Chen Mo from closing his gold futures positions and withdrawing funds to solve cash flow problems, but will also allow big bosses around the world to see the power of our foundation!"
During the period when the gold price was stable, artificial manipulation of good and bad news was used to earn the price difference. This kind of routine is also a common trick used by top capitalists to harvest leeks. It can be said that it has been tried and tested.
Solomon nodded: "Well, you are already familiar with this trick, and it is very feasible! What do you think?"
"I think it's feasible!"
"It should be said that it is a 100% sure win, right?"
"The gold market in Daxia is not very large. As long as a small batch of freight enters, the gold price will completely explode!"
"..."
The other gods nodded in agreement.
Solomon: "Since everyone agrees, this proposal is passed. Cedric, what does the foundation need to cooperate with in this matter?"
Cedric smiled and said: "I need everyone to cooperate with my shipments and make short-selling remarks on gold."
Solomon: "That's no problem. You have full control over what negative information our large financial institutions and investment groups need to publish!"
After the meeting.
All parties take action!
The first is the international futures market.
Cedric Oban sold gold futures in large quantities, and within two trading days, the price of gold futures suddenly dropped sharply!
The price dropped by nearly 200 yuan per ounce!
The drop is as high as 23%!
And the plunge is continuing!
Such a terrifying drop was called a "flash slump" by industry insiders.
Immediately afterwards, Gaosheng Company, a well-known investment group, issued a statement that was bearish on gold:
"Antiques in prosperous times, gold in troubled times. Now is the He Ping era. Gold has been sideways for several years, and the cumulative negative effects have reached the extreme. Coupled with the weakness of global gold purchases, this is why major international gold holders are selling gold... …”
The general meaning of this statement is: Oops, gold is no longer good, sell it quickly, otherwise you will lose it!
Immediately afterwards, the world's largest financial institutions, such as the Federal Reserve Bank, Selouse Bank, and the Saint Lo Exchange, unanimously published bearish articles on gold and issued purchase warnings to gold investors.
If both hands continue to operate, the global gold price will begin to shrink significantly!
The price of gold in Daxia is no exception.
From the previous peak price of 84 yuan per gram, it dropped to 70 yuan per gram in two days!
A drop of 12%!
In other words, in just these two days, Chen Mo's gold futures brought him a loss of 48 billion!
Of course, Chen Mo's loss was nothing if he resisted.
The key problem is that when the world is selling gold and the price of gold plummets, Chen Mo has no way to close his position!
Only when there are people to buy, there are people to sell.
Someone has to take over before Chen Mo can close his position!
Cedric was not satisfied with that alone.
He himself put gold spot worth nearly 1 trillion Daxia coins into the Daxia market.
At the same time, according to the plan, gold merchants in Daxia Kingdom were summoned in advance to open warehouses and release goods!
The spot goods released jointly by both parties are almost more than double the existing gold volume of Daxia Kingdom!
Under such circumstances, how can Daxia's gold price still be able to withstand it?
In three days, the price plummeted by 61 yuan per gram, and this decline has no intention of stopping!
In desperation, Song Ziyan rushed to Prince Chen Mo's mansion overnight to report the situation:
"Boss, something is very wrong!"
"We just put up 100 billion futures, and suddenly the global gold price plummeted, and the gold price in Daxia fell even more seriously!"
"Now the price of gold has reached 56 yuan per gram!"
"The gold futures in our hands have shrunk by nearly 130 billion!!! And there is no way to close the position!"
Chen Mo frowned.
He doesn't remember that at this time in his last life, the price of gold plummeted?
And when Chen Mo read the remarks made by financial institutions such as Gao Sheng and the Federal Reserve Bank about being bearish on gold...
He laughed!
"It's the foundation's fault. They want to drive down the price of gold, then buy it at the bottom and sell it at a higher price to earn the difference."
"At the same time, it also suppresses my cash flow, making it impossible for me to solve the cash flow problem in the short term."
Hearing this, Song Ziyan broke into cold sweat and said:
"What should we do? If the cash flow shortage problem is not solved and the foundation and our opponents continue to operate, the company will have big problems!"
How important is cash flow to large companies?
This thing is not only related to whether the company can operate healthily, but also related to the stock price, subsequent company development plans, investors' investment intentions, etc.!
Some listed companies, with a market value of 1 billion, may only have a cash flow shortage of 10 million, which can lead to direct bankruptcy!
Not to mention that what Chen Mo currently lacks is nearly two trillion yuan in cash flow!
Once the operation is not good, the foundation will definitely catch the opportunity and give a fatal blow! ! !
