50s: Starting with a storage ring

Chapter 422 The Birth of a Billionaire

Before leaving San Francisco, it was already January 15th.

Since US Treasury Secretary Miller announced on the 10th that the Treasury would no longer sell gold.

In less than 30 minutes, the price of gold on the international market surged to $715 per ounce, and then continued to rise at a frenzied pace.

At the end of December last year, the international gold price was just $350 per ounce, but in just over ten days, it has risen to $780 per ounce on the 15th.

He remembered that the price would rise for a few more days, eventually reaching a peak of $850, and then begin to plummet.

Adhering to the principle of not making a last penny, he withdrew all the gold from the California bank vault.

Eight months have passed since he last obtained a $20 million credit line from a California bank in April.

Both of his gold mines are now operating at peak capacity. Each month, the two mines deposit a total of 5 ounces of gold into a California bank.

如今金库里又积攒了38万4000盎司的黄金，算上理论上存在里面的11万6000盎司，一共应该有50万盎司。

He had saved up for two years, even using profits from other industries to subsidize the gold mine's mining costs, all for this day.

On the 18th, Sun Zhiwei hired security from Gavin de Becker (GDBA) and chartered a plane to transport 50 ounces of gold to New York.

On the 19th, Sun Zhiwei opened an account on the COMEX exchange in New York with 50 ounces of spot gold.

The gold spot and futures markets are currently extremely hot. In just one day on the 20th, his 50 ounces of gold were absorbed by the market without even a ripple.

Gold prices surged to $805 per ounce on the 20th, and after selling all his gold, his account made a total profit of $402.5 million.

With this, Sun Zhiwei successfully crossed the $100 million mark, becoming a newly minted billionaire.

Although there are currently no fees for domestic gold transactions in the US, if this money is kept in hand, half of it will be taken by the IRS during the tax filing period in March.

With New York State's personal income tax rate now reaching as high as 50%, he's not that foolish as to send money into the IRS's pocket.

So, after completing the transaction, he did not leave New York, but returned to his new house on 77th Street to quietly wait for the gold price to collapse.

On January 21, international gold prices hit a record high of $850 per ounce.

This is not a good thing for the United States.

So, on the 21st, Jimmy announced at the White House that he would spare no effort to maintain the United States' position in the world.

COMEX gold prices fell sharply, closing at $800 per ounce that evening.

The following week, gold prices plummeted, falling below $500 per ounce by January 27.

Taking advantage of the opportunity, Sun Zhiwei entered the market and, starting at 9 a.m. on the 28th, he swept the market with $4 million in cash, acquiring 80 ounces of gold in two hours.

He then immediately took delivery of the physical goods.

The exchange was in an uproar. He was no longer hiding his identity, and his large-scale acquisition of gold had already made many people's eyes red with envy.

I believe that if he dares to step out of the trading market now, he probably won't even be able to get through tonight.

Fortunately, he was prepared for this.

After confirming the transaction, he made a phone call to the Federal Reserve, asking them to send an armed escort vehicle to COMEX to pick up the gold.

The Federal Reserve is a private bank, but it is also the issuer of the US dollar, and gold is everything they use to stabilize the value of their currency. Faced with 22.68 tons of gold, how could they not be tempted?

Let alone an American citizen wanting to store gold, even a pig, if it has gold to store, the Federal Reserve will treat it as a VIP.

After receiving a call from Sun Zhiwei, the Federal Reserve immediately dispatched a fully armed convoy to the New York Mercantile Exchange.

The COMEX building of the New York Mercantile Exchange is only a few hundred meters away from the Federal Reserve building.

Before the last car of the Federal Reserve's armed convoy had even left the underground parking garage, the lead car had already entered the gates of the COMEX parking garage at the New York Mercantile Exchange.

In less than half an hour, a total of 22.68 tons of gold were extracted from the vaults of the COMEX New York Mercantile Exchange.

Before noon, the gold was loaded into dozens of armed escort vehicles and transported back to the Federal Reserve's underground vault just across the street.

Sun Zhiwei, under their armed escort, left the COMEX New York Mercantile Exchange and entered the Federal Reserve building.

What a brilliant escape! After seeing the Federal Reserve, the COMEX exchange in New York was completely rendered powerless.

Those who had coveted Sun Zhiwei's gold had no choice but to abandon their desires.

After all, the owners behind the Federal Reserve are the ultimate rulers of the United States, such as the Rothschild family, the Morgan family, the Rockefeller family, and the Warburg family. They can't afford to offend any of these families.

They all know that once gold enters the Federal Reserve's vaults, it can never be taken out again.

Want to trade inside the vault? Sure. Just a game on paper.

Want to withdraw your money? Heh.

Did Sun Zhiwei not know this situation? Of course he did, but isn't this exactly what he wanted?
After safely arriving at the lobby of the Federal Reserve Building, Sun Zhiwei obtained the deposit certificate and then quietly left through the employee entrance.

With things getting tense, he needed to leave this troublesome place as soon as possible; he had bought his plane ticket to Saipan a few days ago.

Two days later, Sun Zhiwei, carrying a suitcase and wearing a straw hat, floral shirt and plastic slippers, stepped onto the beach of Saipan.

Saipan is the capital and largest island in the Northern Mariana Islands, with an area of ​​185 square kilometers and a current resident population of nearly 4.

Half of them were short, strong, and slightly dark-skinned Chamorro and Caroline natives. The rest were soldiers and staff from the M Army base.

The Northern Mariana Islands are located in the middle of the western Pacific Ocean, in what the United States calls the central area of ​​the first island chain, and their strategic position is particularly important.

While other island groups in the first island chain are seeking to establish their own nations, it is seeking to join the United States, and for the time being, it remains a trust territory of the United States.

A few years later, they all became citizens of the United States and came under the jurisdiction of California.

This area has a typical maritime climate with no distinct seasons. Although the temperature is high, it is not hot, making it a popular tourist destination.

Of the 14 islands it belongs to, only three around Saipan have been fully developed; the other islands remain in their original, untouched state.

The island that Sun Zhiwei obtained from old Lancaster was one of them, called Anatahan Island.

Anatahan Island is located about 177 kilometers north of Saipan. The island is about 9 kilometers long and 3.7 kilometers wide.

The central part of the island is jungle, and its coastline is almost entirely surrounded by steep cliffs and coral barriers, with only a few gaps in the southeast corner forming accessible beaches.

(End of this chapter)