Chapter 829 Gold is useless

Whenever something big is about to happen, the media in the United States can't watch it. It's not one or two, including White Media, the ministry doesn't know what to do.

Soros is also very entangled now, and he is certainly one of those in the know, in the recent media briefing. However, the changes he hoped to see did not materialize.

Every time he saw William White answer a question, Soros felt a pain in his eyes.

People ask you if you are optimistic about the Asian economy, and you say that Asian food is very good. People ask you if you are worried about low oil prices, and you say that environmental protection is more important. Listen to that meaning, the business is full of floating clouds.

Today, even if the answer is not asked, the reporter will not be embarrassed for him. No one offends a media giant, especially one who is not only young, but also very cautious.

"Gold? no, no, gold has no value, it's just a good-looking metal.

You refine them and spend manpower and material resources to store them, and this thing has no monetary properties at all. ”

"Hahaha, hahaha, this old goods, it's really worthless, you give me three or five hundred tons, I don't care about storage fees. ”

Seeing Warren Buffett talking eloquently on the TV, William White couldn't laugh anymore.

"Daddy, what do you call old goods. ”

"Ahem, Athena, what, that's not a good thing, well, Daddy is wrong, shouldn't be foul at the dinner table. In this way, I was punished for not eating ice cream for a week. ”

Athena rolled her eyes wildly, her face disapproving. You don't eat ice cream in the first place, so of course it doesn't matter.

This is the upbringing of the American imperialists, no matter how wave it is after going out, when you are at home, you must be very, very gentle. Words that start with f should never appear at home.

"Daddy, why did he say that gold is worthless?

"Hehe, because there are people who need a lot of gold, and if they say that gold is worth a lot now, they can't buy it.

So, Athena, it doesn't matter what others say, you have to see what the essence of the matter is. In other words, if the price of gold falls, who will benefit more. ”

Seeing William White and his daughter say this, Suzuki also rolled his eyes. Not to mention Athena, even she can't figure it out. Of course, William White didn't expect her to understand, this is called subtle, as long as you have a long enough experience and enough experience, you will always figure out these things.

As for what Warren Buffett said, it is not right to say that it is all wrong. Indeed, after the withdrawal of US imperialism from the Bretton system, gold lost its role as a currency. From this point of view, it is really just a precious metal.

But the question is, can we trust your discipline?

The U.S. knife is a credit currency, and the world's currency is based on the U.S. knife. If the US imperialists do not want 13 faces, the paper money in this world will be worthless.

Is there any contact with US imperialism?

You don't even have to ask Maozi, just go to Wall Street and ask. Everyone will tell you that as long as there are interests, discipline is a yarn.

Warren Buffett's theory is based on companies like Coca-Cola, Johnson & Johnson, and Nestle, and they are constantly creating value. You have their stocks in your hand and there are good dividends every year.

If you sleep with a nugget of gold, it will still be a nugget in a hundred years, and there will be no growth. In order to protect this piece of gold, you also need to put a lot of effort into it.

Sounds plausible, and it's impeccable. Unfortunately, his analogy was wrong.

Sleeping with gold in your arms is such a painful choice. Say, you can't mortgage it to the bank?

Worried about falling prices?

Can't you hedge in the futures market?

Therefore, Buffett's assumption is not valid. Gold is pledged to banks and then hedged in the futures market. The funds in your hand can still buy the stocks he said.

What?

How could it be that when gold plummeted, or almost. Once an uptrend is established, you don't need to hedge. Suppose you set a value of 400 now, below 400 you will hedge, and above 400 you will arbitrarily.

Twenty years later, you will find that you have made money from the so-called value investing. You also avoid the risk of inflation. At the same time, your piece of gold has never left you.

A super-large gold mine was discovered in Tuao, but a group of bankers discovered that the gold did not enter the so-called circulation.

Don't think about it, these things must be at White Bank.

Well, some people are very upset. Nima, you are not engaged in gold trading, why do you have so much gold in your hands? Sell it.

"Filson, did you hear Buffett's words, and what do you think?"

"Boss, he eats too much, and there is no conflict between investing in securities and holding gold. ”

"yes, it's a pity that many people don't understand. ”

Filson smiled bitterly, it doesn't matter if you understand it or not, other people's situations are different from yours. When it comes to your level of funds, everyone is talking about investment portfolios, and no one is alone.

"No, Filson, I didn't mean that, it looks like they're going to get their hands on gold soon. Damn the price of oil, they're going to knock the gold price to dust. ”

William White rubbed his temples throbbing, Nima, these bastards are so unsophisticated. If buddy doesn't have the foresight, a wave will be taken away by you.

Many of the richest man's loans are secured by gold. Personally, no one in this world holds more gold than him.

Oil prices shouldn't be so expensive, don't say anything about twenty yuan, looking at the current posture, maybe it's going to be 15 US dollars. This is still a good economic situation, otherwise, oil prices will definitely return to below $10.

As it stands, William White does have some financial problems.

"Boss, we have a hedge, and moreover, it far exceeds your open position. ”

"No, it doesn't feel the same. How do I feel that my wealth is shrinking?

I'd rather not make any money on these hedges, and the price of gold will definitely jump up and down for some time to come. Alas, in any case, be ready for everything. ”

"Okay, boss, I'll keep an eye on them very seriously. ”

"I'll tell you the truth, Filson, our central coffers don't necessarily have that much gold. It is very likely that they will take advantage of this wave of market replenishment. ”

"No, isn't that outrageous?"

"Well, if you don't talk about this, even if it's all copper inside, what can you do? There won't be any problems for the time being. ”

Filson was indeed speechless, let alone outsiders, and Clinton had no right to investigate. The thing about the M Fed is that the old guys talk to themselves.

Of course, even if he William White really knew anything, he wouldn't say anything if he was killed. For the wealthy, Peanutton isn't scary. The U.S. Federal Reserve is different, it's simply an inexplicable existence.

If you want to say that the most powerful person in the world, Lao Ke is definitely not on the list.

What, Greenspan has so much power?

Wrong, wrong, the Fed is the Fed, and the Fed President is the Fed Chairman. To put it bluntly, and the Secretary-General is the same way. Do you have rights, but the rights are still very large.

Alan Greenspan is just one of the Fed's seven executive members, and this term is 14 years. This means that although Paul Volcker is no longer the chairman of the Federal Reserve, he is still one of the Big Seven. As for the other five, you can do the math yourself, they are all famous families anyway.