Reborn Capital Madman

0263 Gold Price Soaring

Gao Xian came out from Xiangjiang this time, and he had a very busy time. It was about to enter late June of 1973, and he had to go back to Xiangjiang.

Because, at this point in time, it is the stage when listed public companies are publishing annual reports and convening annual shareholders' meetings. Both listed companies, Huanyu Electronics and Shanghua Culture, need Gao Xian, the big boss, to show his face.

At the same time, the market conditions in the Hong Kong gold market were abnormal, with gold prices soaring, comparable to the craziness at the peak of the Hong Kong stock market craze last year.

Before leaving, Gao Xian once again reminded the staff in the London office to pay attention to safety.

The world has never been truly peaceful, and even developed capitalist countries are no exception.

Take this era as an example. The Red Army is fighting in Asia. The number one power, the United States, is anti-Vietnam War, body liberation, Indian movement, counter-mainstream, and similar to the Red Army. There is a mess of everything. The British side is

Northern Ireland Republican Army.

Think about it, Earl Mountbatten, the man Gao Xian met who came up with the "Mountbatten Plan" for the partition of India and Pakistan, was assassinated by the Northern Ireland Republican Army in the "old script". It is not difficult to guess that the Northern Ireland Republican Army

The military activities have become more intense, and there have been several terrorist attacks in London this year.

In addition, in the UK at this stage, there are still a large number of poor people at the bottom like coal miners, and demonstrations for workers' rights often break out.

Gao Xian brought these subordinates out of Xiangjiang, and of course he didn't want anyone to be unlucky enough to rush into the chaotic whirlpool and have an accident.

After once again emphasizing the awareness of "safety production", Gao Xian got on the plane and returned to Xiangjiang.

Not seeing Yi Huirong coming to pick him up, Gao Xian asked Zhou Chengchang what was going on.

Zhou Chengchang avoided Gao Xian's gaze and replied respectfully: "Miss Yi said she had something to do and went to Canada yesterday."

Gao Xian raised his eyebrows, "Did you go to Canada yesterday?"

Zhou Chengchang nodded, "Before Miss Yi left, the mansion at No. 10 Pule Road had been decorated, and the Taohuayuan Village has also started to be used."

Gao Xian had a vague feeling that something was wrong, but he was too busy with work to allow him to ask in detail.

As soon as he got in the car, Ye Licheng couldn't wait to ask: "Boss, is the piece of sea you bid for in the Gulf of Mexico really a big oil field?"

Gao Xian nodded, "Of course, that's right, there is a big... oil field!"

Ye Licheng recited Amitabha in relief, "This is our largest one-time investment. It's good if it doesn't fail! It's good if it doesn't fail!"

Seeing Ye Licheng's loyal look, Gao Xian couldn't help but laugh, "Although this operation is a bit risky, it is still worth it! I have reached a cooperation with BP on the development of the No. 30 oil field on Eugene Island."

"In this way, when we enter the Xiangjiang energy market that has been divided up by various forces, we will basically have one less opponent."

Ye Licheng sincerely complimented: "The boss has thought carefully and chosen BP as a partner, which is a great achievement!"

Although Zhou Chengchang said that the mansion at No. 10 Pule Road has been decorated, Gao Xian did not bother to enjoy it, but chose to go directly from the airport to Gao Yi's office.

After sitting in the long-lost boss's chair, Gao Xian only took a sip of water to moisten his throat, and then asked: "What is the price of gold now?"

The subordinate answered with the latest information: "It has reached the level of 730 yuan per two."

Gao Xian gasped when he heard this, he must be not far from the turning point.

One concept must be pointed out, that is, the commonly used unit of measurement for gold in international transactions is the imperial unit ounce, which is converted into the well-known metric unit "gram", which is approximately thirty-one grams.

For example, during the normal operation of the Bretton Woods system, the official price of gold was US$35 per ounce.

However, the gold trading unit in Xiangjiang is the ancient Chinese "liang", which is the "liang" in "half a catty and eight taels"; and the corresponding "jin" is not the well-known five hundred grams, but larger

The "jin" of grams.

Calculated in this way, one car weighs about 37 grams.

In other words, the Xiangjiang gold market's trading unit "liang" is about one-fifth heavier than the international gold trading unit "ounce".

Even so, based on the pegged exchange rate of one U.S. dollar to 5.65 Hong Kong dollars, the price of gold in the Hong Kong gold market exceeds 100 U.S. dollars per ounce.

You know, since the United States announced that it would stop exchanging US dollars for gold, the price of gold has long been no longer the official price of US$35 per ounce. It has continued to rise, but it has not reached the exaggerated price of more than US$100 per ounce.

About half the price.

For example, during the normal operation of the Bretton Woods system, the official price of gold was US$35 per ounce.

However, the gold trading unit in Xiangjiang is the ancient Chinese "liang", which is the "liang" in "half a catty and eight taels"; and the corresponding "jin" is not the well-known five hundred grams, but larger

The "jin" of grams.

Calculated in this way, one car weighs about 37 grams.

In other words, the Xiangjiang gold market's trading unit "liang" is about one-fifth heavier than the international gold trading unit "ounce".

Even so, based on the pegged exchange rate of one U.S. dollar to 5.65 Hong Kong dollars, the price of gold in the Hong Kong gold market exceeds 100 U.S. dollars per ounce.

Of course, the value of gold against the U.S. dollar will definitely increase further, and it will only be a matter of time before it breaks through the $100 or even $200 mark.

However, this market needs a catalyst, that is, the outbreak of the Fourth Middle East War, which has led to high prices for bulk commodities such as oil.

Gao Xian looked around and asked thoughtfully: "What do you think about the current gold market conditions?"

The subordinates, who had not discussed issues with Gao Xian for a long time, suddenly started talking excitedly.

"The current surge in the Xiangjiang gold market is largely due to the fact that this year is a buffer period for the Xiangjiang gold market to be completely liberalized, and two parallel prices have emerged."

"When these conditions are no longer met and people's heated minds calm down, the gold price will fall back significantly and be in line with the international gold price."

"According to your statement, if gold has already risen to more than 2,730 yuan per dollar, won't it continue to rise for several more months? That's too crazy!"

Gao Xian listened to the discussion among his subordinates for a long time. Basically, they all believed that the current market trend was bound to fall back, but there were huge differences in where the turning point was.

The matter is of great importance, and in the end, Gao Xian still has to make the final decision.

Gao Xian ordered without hesitation: "Then listen to me and respond according to the inflection point appearing at the end of this month and suspend local 99% gold buying operations."

After Gao Xian was prepared to stop his losses in advance, he had the leisure to go to the mansion at No. 10 Pule Road to have a look.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like