Chapter 287: Unable to Return to Heaven

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The wall-mounted TV in the conference room still replays the smoke of the collapsed World Trade Tower. Looking at the extremely tragic picture, you can hear a needle drop in the huge conference room!

Accompanied by a depressing atmosphere, there was a deep gloom in the expressions of everyone around!

"Bang!"

The loud noise drew everyone away.

"Damn, why is this bastard's luck so good every time!"

Looking at Oliver Balin, who gritted his teeth and had a blue face, no one was surprised by his outburst! In this operation against Bruce Guo, aside from his energy, he invested the most money. Not only did he put down half of the funds managed by the Tulip Fund, but he also pledged the assets in his name and the remaining assets of the Bahrain family.

All of this adds up to more than $12 billion! And, with the guarantee of Citibank and ING Group, he has received 20 times the highest leverage in the gold futures market! So, of all of them, he is the most sensitive to the rise in the price of gold! Or... Fear!

"Mr. Turner, I think now we should sell all our gold shorts as soon as possible...!"

If Oliver Bahrain can also hide the fear of defeat with anger, then Hills, who has put most of his wealth on him, can't care so much. At this moment, he regretted very much why he had a hot brain in the first place and joined this damn gamble. Moreover, the greed in my heart was detonated by the success in the early stage, so that now I am deep in the mud!

"I understand your mood at the moment, Mr. Balin, but you should also understand that if you sell your short position now, the loss on your books will become an actual loss. On the other hand, if we can get past the current crisis and wait for the gold price to fall, we will have a very good chance of breaking even, and even making a fortune!" Paul Turner quickly interrupted.

As a representative of Citi, the leader of this operation to combat Bruce Kwok. Paul Turner knows that if we can't quickly unify our voices and re-assert our positions, then a painful defeat is just around the corner!

However, as a regular in the financial world, Hills-Baring is clearly not so easily convinced.

"Mr. Turner, I couldn't agree more. But now the price of gold has reached $274.5! At our entry price, we have lost $153.4 per lot of gold contracts, and the overall loss is nearly $1.5 billion. And for every dollar that gold rises in the future, we will all lose $879 million! Looking at the current situation, the probability that the price of gold will break through $280 per ounce is almost 100 percent! This means that our loss will be half of what we invested. ”

Hills Balin's tone was full of anxiety! He knew in his heart that if the loss of assets was too heavy, the last glory of the Bahrain family would end in his hands! And he himself would become the laughing stock of British high society. Perhaps, he is not even qualified to step into high society! In contrast, the conflict with Bruce Guo has become less important!

With the exception of Hills-Balin, all those who invested money in the operation are not in a good mood right now. Or more precisely, very bad!

"Mr. Turner, I agree with you. However, in the previous actions, everyone has invested almost all of their net worth in order to suppress the price of gold. If you don't close the position quickly, you will have to pay a huge amount of money as a position margin. I think it's hard for people to come up with this money now!"

William Schiff, as the heir to the Schiff family, sits here in place of his younger brother Grant Schiff. In itself, it represents the importance that the Schiff family attaches to this meeting.

In fact, it is not important for them not to pay attention to it. After all, when the price of gold was suppressed before, or when the price of gold fell to take advantage of the trend, the Schiff family also invested $800 million in it! This $800 million may not be too large compared to the wealth of the Schiff family. But if they lose most of it, they will also feel pain!

His words quickly drew the attention of everyone present to Paul Turner, who was sitting in the middle. It was clear to everyone present that if the position was closed now, the paper loss would turn into an actual loss of wealth. But if you don't close the position now, then the huge position margin will become a problem of the past. Among all the people present, the most likely solution to this problem is Citibank, the world's largest financial conglomerate with trillions of assets!

"Mr. Turner, Citi is the organizer of this 'anti-Guo coalition', and it has the responsibility and obligation to help everyone at a critical moment!"

"That's right. We only joined at Citi's behest, and now that something is wrong, you can't ignore it......!"

Some of the representatives of the funds and trusts who joined later in the present were clamoring!

Paul Turner, who was sitting on the throne, watched them perform with a cold expression. After working hard in the financial market all his life, he is accustomed to seeing the dramatic scenes of 'winning and losing'. So he was not surprised by the appearance of greedy faces in front of him!

"Guys, first of all, you have to be clear. You joined the game voluntarily, and Citi didn't force you. Therefore, now when we encounter difficulties, Citi, as the initiator of the action, will provide some help to everyone, but we are not obliged to compensate you for your losses, after all, we are not nannies!"

Everyone looked at each other and said, "Mr. Turner, how would Citi be willing to help you?"

William Schiff's words brought everyone's eyes back to Paul Turner.

"Loans! We are willing to provide you with a portion of low-interest loans!"

"Do I need collateral for a low-interest loan?"

After glancing at him, and then quickly sweeping his eyes over everyone's faces, Paul Turner nodded affirmatively.

"Of course, Citi's help is based on making sure that it doesn't lose money. In addition, everyone is an adult, so you should understand the meaning of the phrase 'take responsibility for yourself'!"

To be honest, seeing the attitude of these people in the face of the crisis, he really wondered if the formation of the anti-Guo alliance this time was a huge mistake?!

"Bang...!"

Just as everyone was about to say something, the door was pushed open, and a young man with a document in his hand and an anxious expression walked in.

"Gable, you...!"

"BOSS, I just got the news from the information department that the gold price in London Time has broken through $280!"

Paul Turner's pupils shrank, and after snatching the information in the secretary's hand and reading it quickly, his expression became gloomy again! The price of gold rose faster than he expected!

"Boss, two minutes ago Mr. President made a televised speech. He also declared that all US military forces in the world had entered a state of first-class alert! Moreover, he himself instructed to counterattack all terrorist organizations that infringed on US interests!"

The secretary's explanation made the atmosphere in the conference room instantly quiet. Everyone present sensed the clouds of war from his words! And war has always been a booster for the rise of the price of gold, so it is not surprising that in less than eight hours, the price of gold exceeded $280!

But understanding is understanding, and the result is more difficult for everyone to accept!

After taking a deep breath and calming down the complicated thoughts in his heart, Paul Turner's calm gaze quickly swept over everyone!

"Guys, it looks like we don't have any more options!"

"Mr. Turner means margin call?" asked William Schiff.

"Of course, we all know that there will be a time when the price of gold will come down, and Citi is willing to wait for this opportunity to come!" Paul Turner said in a deep voice.

If you close the position now, it means a loss of more than 60% of the invested funds. Rather than this loss, Citi represented by Paul Turner is more willing to look forward to a future opportunity!

"I'm sorry, but I'm not going to continue. This terrible game is simply a mistake!"

An obese middle-aged man in a brown suit stood up and said angrily.

After looking at him, and then at the rest of the people, Paul Turner quickly understood that in the face of huge losses, this alliance that had been united a few hours ago was already difficult to maintain!

"Bruce Guo, it looks like we're losing to you again!"

Thinking of this, the bitterness in Paul Turner's heart became extraordinarily strong!

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