Chapter 276: Attacking the enemy's shortcomings with his own strengths

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In the living room of the villa, after everyone sat down, the servants around them automatically served them drinks, and after a simple politeness, they took the initiative to get to the point.

"Mr. Fasto, why isn't Mr. Jilin here?" asked Paul Turner.

"The company currently has a lot of things to deal with urgently, and he can't leave temporarily. However, Jeffrey has authorized me to represent Enron at this meeting, so I can answer anything about Enron and even decide!"

Paul Turner nodded, and didn't continue the question.

"Mr. Balin, how do you control the Tulip Fund?"

Paul Turner's question was straightforward, relying on Citi, the largest bank in the United States, and he took over the leadership of the meeting from the beginning.

Oliver Balin clearly has a grudge against his attitude and tone. However, he also understood that the success of this plan against Bruce Guo could not be separated from Citi's support, so he did not show his displeasure.

"Of course, though, I can't start with all the money in the fund and put it into gold. ”

Oliver Balin's subtext is that although he now owns the Tulip Fund, he still lacks the foundation to bet heavily on the risky gold futures.

Of course, this is also an understandable thing. As one of the largest integrated conglomerates in Europe, the Dutch ING Group cannot let the operation of its largest hedge fund go unchecked. After all, the example of the collapse of the Bank of Bahrain has taught a lesson enough.

"How much can you put in at first?" asked Paul Turner, following suit.

"$8 billion!"

"$8 billion?" After a hint of surprise flashed in his eyes, "I didn't expect Mr. Balin to have such a deep control over the tulip fund just after taking office!"

Oliver Barin smiled, a strong confidence on his face. Of course, no one knew that his expression was just a fake. Moreover, his mastery of tulips is nowhere near the level of being able to invest $8 billion in gold futures all at once. In fact, it's already the best case scenario to have half of the funds available to him. But in order to increase his position in this alliance, sometimes deliberately inflating a little number is not something to bear.

"Since Mr. Bahrain can come up with so much money, then with us Citi, when the plan begins, the first investment in gold will be able to exceed $10 billion! With everyone's strength, this money is enough to leverage 300 billion dollars. Although, pure money cannot affect the entire gold market, but it is enough as a lever to pry the earth!"

Everyone nodded in agreement. The financial markets are a game of confidence. Especially in the gold market, which has a daily trading volume of more than 2 trillion US dollars, it is undoubtedly a grasshopper to rely solely on money to affect prices. Moreover, if they really fight for funds, they may not be able to fight for the Thunder Fund that is now in full swing and Guo Shouyun, who doesn't know how much money he has in his hands.

Therefore, it is wise to focus on undermining market confidence, supplemented by money. Compared with Guo Shouyun, they far surpass each other in terms of contacts and impact on the financial market. This is the best strategy for 'and the long and short of the enemy'.

"Mario, it's your turn next!"

Mario Kempas nodded, and as Argentina's finance minister, he didn't mind exposing the confidential financial information he knew about Argentina's interior to these people at the moment. The reason is simple, he has already received enough money from Citi for promises. In addition, it can also get much-needed funds for Argentina.

Since it is a matter that is beneficial to himself and his country, he will naturally not refuse. As for Bruce Guo, the people he doesn't know have nothing to do with him.

"Argentina currently has $2.348 billion in overdue external debt. As long as this part of the external debt is repaid, it can restore market confidence and stabilize the entire South American financial order, which in turn will suppress market risk aversion and let gold prices fall. After a pause, Mario Kempas quickly swept away everyone's faces, "Of course, if you can provide more money, then the Argentine financial crisis will subside faster." ”

Oliver Balin twitched at the corners of his mouth.

He was not interested in the Argentine financial crisis, and he did not bother to help them calm it. All he wanted was news that Argentina's financial crisis had subsided.

"As for the money needed to quell the Argentine crisis, we at Citi will solve it. But the main force in leveraging the gold market is Mr. Bahrain and your tulip fund!" said Paul Turner.

The difference between Citibank and Tulip Fund is that the latter is always chasing high-risk excess profits. The latter is interested in financial products with different risks and different returns.

Although Argentina is in the midst of a financial crisis, as a country, it has no possibility of going out of business. So, there will always be a return on lending money to Argentina, or buying its national bonds.

The most important thing is that the Argentine national debt or borrowing does not exist, or there is a very small possibility of loss. But gold futures are different!

It is for this reason that Paul Turner, on behalf of Citi, took the initiative to take over the guarantee of stabilizing Argentina's financial order. Moreover, there is another point he did not say is that during the internal discussion at Citi, in case the 'anti-Guo alliance' ends up failing like the previous 'hound plan'. Then they won't lose much. If it succeeds, of course, they will have to do it.

There are smart people here, and everyone can guess Paul Turner's considerations. But no one doubted. Because Citi's strength is there, they have the greatest say.

"Grant, as for the interior of the United States, I need to meet your father!"

Grant Schiff nodded.

"No problem. In fact, my father would have liked to have a face-to-face interview with Mr. Turner!"

"Okay, it seems that everyone has no doubts about the previous arrangement?" said Paul Turner, his gaze turning back and forth on everyone's faces a few times.

"I don't have any doubts about the previous plan, but it's August 6 and from what I've gotten, Bruce Kwok has put his money back into the gold market. So... When are we going to do it?" asked Andrew Fasto.

After a faint smile, Paul Turner said: "Wait until the gold price has peaked in this rally." ”

"But we can't accurately predict the market, what if this rally lasts for half a month, or if the Thunder Fund withdraws by then?" Andrew Fastto frowned.

"Mr. Fastto is assured that in three days we will have bad news for the gold market. If the gold rally is successfully interrupted, then the follow-up short funds will enter the market one after another. When we pour it, everything we planned before will begin!"

After listening to Paul Turner's words, Andrew Fastto nodded. But looking at the calm expressions of Grant Schiff and Oliver Ballin around him, he suddenly understood. It seems that he is the last person to know this news within the entire 'anti-Guo Alliance'! This can't help but cast a shadow on his heart. He instantly realized that Enron's fall had made him marginalized here!