Rebirth 1979: Marrying a poor girl at the beginning

"Haha, in 1971, US President Nixon announced the closure of the gold window and abolished the gold standard, leading the global monetary system into the era of floating exchange rates."

Lin Zhengjun said: "The U.S. dollar has lost its anchor of gold and can be issued at will, which also means that the U.S. dollar can depreciate against gold at will. Gold, when denominated in U.S. dollars, can appreciate significantly. In 1972, the price of gold in the London market rose from $46 per ounce to $64 per ounce."

“In 1973, the price of gold broke through $100 per ounce. As the global monetary system became more turbulent and inflation intensified, the value of gold as a safe-haven asset gradually became apparent.”

"In 1974, the price of gold continued to rise to $192.25 per ounce. The rise in the price of gold during this period was mainly affected by the global political and economic situation, including the oil crisis and increased inflation."

“After a two-year correction, the price resumed its upward trend, rising from $1977 per ounce to $1978 per ounce between 103 and 242.”

“1979年，黄金价格开始加速上行，由1979年初的216美元，盎司升至1980年1月的850美元每盎司。”

"The price of silver is positively correlated with that of gold, but it fluctuates more. There is an old saying in the precious metals investment circle: choose gold for investment and silver for speculation!"

“If I were a precious metals investor, I would definitely choose to manipulate silver instead of gold, because the profits are more substantial!”

"In addition, compared with gold, silver has another unique and important attribute. That is industrial raw materials, especially optical products, such as Kodak, Fuji and other film factories, which consume more silver. Market demand leads to shortages and is more likely to skyrocket!"

"Oh! So that's what happened..." Fu Qi nodded woodenly.

He's a little numb!

He is in the arts and film industry, and this knowledge is beyond his cognitive scope. He really does not have the ability to earn this money.

"Zhengjun, what you mean is that this is not a purely market behavior, but is manipulated by someone, right?" Shi Hui said in surprise.

"That's right!"

Lin Zhengjun looked at the Wall Street Journal and fell into deep thought!

He received HK$105 million, but he will not be content with his small fortune.

Money never sleeps, it's time to short sell!

Go short!

In just two months, the profit was 50 times!

The so-called silver futures market today is actually a place where financial tycoons manipulate prices to speculate on futures contracts in order to seek huge profits, harm their neighbors, spy on and kill their opponents.

The Hunt speculation group and its co-actor, the Saudi royal family, had hoarded 2 million ounces of silver, including 1.2 million ounces of spot and 0.8 million futures contracts, with a total value of approximately $100 billion.

These profit-seeking and greedy conspirators are still not ready to stop. Their crazy behavior has seriously disrupted the normal economic order of the silver market and finally angered the market.

They not only angered investors, but also the entrepreneurs who needed silver to maintain production.

Kodak purchased 5000 million ounces of silver each year to produce film.

Some large groups that need to use silver to produce photographic films are also unwilling to see the price of silver soar. Many relevant manufacturers have begun to launch a public opinion offensive against this conspiracy group that harms others for its own benefit.

Tiffany & Co. wrote in the New York Times: "We believe that those who hoard billions of dollars of silver are unscrupulous!"

The president of the Federal Reserve Bank of New York also warned banks not to provide loans to silver speculators because of the huge risks involved.

According to historical trajectory, three days later, on January 1980, 1, the price of silver would rise to $21 per ounce.

At this time, the turning point appeared!

The New York Mercantile Exchange Board, for the first time in history, intervened in the market on a large scale by executive order, announcing to the crazy silver futures speculators:

“From now on, only selling of silver is allowed, and buying of silver is prohibited.”

This was a fatal blow to the Hunter family.

Just 48 hours after the New York Mercantile Exchange issued its ban, silver prices fell to $30 an ounce.

For speculators who misread the market, the faster the silver price falls, the greater their losses.

As the price of silver continued to fall, more and more people were forced to sell silver, and brokerage companies were also desperately forcing the sale of their futures contracts. This caused another round of sharp declines in the price of silver. Many silver speculators were liquidated and forced to withdraw from the market.

Silver prices plummeted!

The Hunter family suffered heavy losses!

On March 1980, 3, when the market opened, the price of silver was $27 per ounce. When the broker called the Hunt family to ask them to add several million dollars in margin to close their positions, the Hunt family replied helplessly and frustratedly: "We can't add margin."

Within a few hours, the price of silver plummeted to $10 per ounce, and the Hunt family lost everything!

Lin Zhengjun organized his thoughts and wrote a simple trading plan.

Then, he looked at Fu Qi and said, "Mr. Fu, have you contacted Miss Shen, the futures broker at HSBC?"

“This phone of mine will do!”

Fu Qi pointed at the red dial phone and said proudly, "I specially asked Mr. Liao for help. I asked the Capital Telecom Building to approve a special note so that this call can be transferred to Hong Kong!"

By the way, Hong Kong's telecommunications business was ahead of the mainland at that time.

In 1931, telephone service was established between Hong Kong and Guangdong Province.

In 1945, when the war was still going on, Wuhan's telephone service with Hong Kong was still uninterrupted.

In 1976, Hong Kong launched international direct dialing service.

Soon after, in June 1980, the Shenzhen Post and Telecommunications Bureau installed three PP-6 coin-operated telephones produced by the British GPT Company and provided by Hong Kong Cable & Wireless in the Luohu Joint Inspection Building. This was the first coin-operated public telephone in the country.

In 1984, direct dialing service for long-distance calls from Guangzhou to Hong Kong was launched - before that, manual transfer was required.

"Ha, that's much more convenient!"

Lin Zhengjun asked: "By the way, is the 105 million Hong Kong dollars I earned still in Hong Kong?"

"It's in an account at HSBC."

Fu Qi laughed and said, "What's the matter? Do you want to remit the money to the mainland? You can be regarded as earning foreign exchange for the mainland, which is a great merit! Haha, there are also remittance coupons, which can be used to buy anchovies, luncheon meat, K-Ning milk powder, instant coffee, and Western-style clothes!"

"Haha, I am donating oil to the motherland, no, earning foreign exchange, which is of course a good thing. We should do more good things! I only earned 105 million Hong Kong dollars, which is not enough!" Lin Zhengjun laughed.

"What do you mean?"

"I plan to continue investing in silver futures, but this time I'm going short!"

When Lin Zhengjun said this, Fu Qi and Shi Hui were stunned.

Beside him, Zhang Xinyan was also looking at Lin Zhengjun as if he were a monster.

"Silver is rising rapidly now. You want to short it? Aren't you afraid of losing a lot of money?" Fu Qi looked anxious.