Chapter 61: Gringotts never does business at a loss
Meanwhile.
Deep in Gringotts, an ornately decorated oversized office.
Although the Gringotts Wizarding Bank above has ceased to be open for business today, it is clear from the hustle and bustle of this office that the wizarding world's universal working hours are not entirely applicable to the elves here.
In fact, this busy situation has been going on for almost two weeks since the 20th of last month.
Dozens of goblins were gathering around a long wooden table to discuss something excitedly, and over the wooden table, from time to time flashed one after another with some distorted colors. On the other side, a row of mahogany desks was neatly arranged, and on each wooden table was a goblin with glasses who was sitting at his desk calculating and processing papers.
Located on the innermost floor of the whole space, there are three separate independent offices, from time to time you can see goblins respectfully entering or leaving them, through the gap between the door and the door of the room, you can vaguely see that the space inside is not small, and many goblins are walking back and forth quickly.
"Oh my God! The ruble has fallen by another 7 points against the dollar. β
"Rust, hurry up and tell the wizarding banks everywhere to lower the limit on the exchange limit of rubles. β
"In ten minutes, I'm going to see the current Muggle black market exchange rate!"
"The elves in the Americas refused to join the meeting, damn it, I swear they must have sensed something. β
In the midst of the hustle and bustle, with the crackling sound of the apparition, Serkis, the fairy who had previously been associated with Elena, appeared at the entrance of the office, and his originally swarthy face looked a little funny because of the panic.
"Bad news! very bad news!"
Under the watchful eyes of all the goblins, Serkis stumbled into a separate office in the middle.
"Oh, no, no, no, young man, take it easy. Didn't your father tell you that needless panic would only make Jin Garon slip away faster?"
In the office, a middle-aged goblin sitting in a black revolving chair turned around and snapped his fingers calmly, and a free wooden chair moved behind Serkis.
"The reason why I transferred you from the business hall is not only because you were lucky enough to receive this big order, I hope that the new blood from the front line can guide us to some blind spots that we have not thought about before. β
"Mr. Douglas, in five days, the Soviet Union will hold a resolution on whether to recognize the independence of the three union republics of Estonia, Latvia and Lithuania. β
Serkis wiped the sweat from his forehead and said eagerly.
"Well, that's bad news. Luron: I remember saying it before, tomorrow I will start to further reduce the exchange rate of the ruble to the gold galleon, right? β
The middle-aged goblin, known as Douglas, pursed his lips noncommittally and turned to a female goblin on the other side of the office and shouted.
"Yes, Mr. Douglas. Since the news of the preparation for independence from Azerbaijan the day before yesterday, it has been recounted. β
The female goblin in professional attire lifted her glasses, stood up and said respectfully.
"Very well, according to the original plan, the reserve value will be lowered by another 5%. β
The middle-aged goblin nodded with satisfaction, took out a thick cigar from his arms, rubbed his pointed fingers lightly, and a magic spark popped out to ignite the cigar, took a deep breath, and exhaled a cloud of white smoke.
"And then, young Serkis, let me guess what you want to say...... As for the validity of the Hogwarts mortgage contract, or will the depreciation of the ruble put us at a disadvantage in the payment of the contract, or do we want to know if we have enough rouble loans as a hedge? You don't want us to intervene in the Muggle governmentβthe Soviet Ministry of the Wizarding and the Interior, though it may seem loose, is much more difficult than the gentlemen of the British Ministry of Magic, and we don't want to provoke them. β
"No, Mr. Douglas, I heard ......," Serkis said, looking at the other goblins busy in the office, looking a little hesitant.
"Let's just say anything, there are no betrayers in the entire Gringotts venture capital department, because we have no competitors. β
As Gringotts' most outstanding financial rookie in the past 100 years, Douglas, one of the three heads of Gringotts' venture capital department, does not dare to say that he has achieved 100% control over the members of his department, but he is definitely the best party in the fairy bank.
Countless goblins have squeezed their heads to join Douglas's venture capital department, not only because of their high salaries, but more importantly, this kind of work, which involves huge amounts of money as a bet on the game, is simply the most tempting drug in the world for goblins.
Andy Serkis swallowed and cautiously glanced at the goblin director in front of him.
"I've heard that Gringotts didn't get rubles from the Muggle Bank as per the actual contract for the mortgage on that certificate, but went beyond that step and paid them directly in the currency they requested. That is, in the event of a depreciation of the ruble, we will directly bear the loss. β
"Looks like I need to re-evaluate your messaging channels. That's right, but it's not entirely true. β
Douglas narrowed his eyes, changed to a comfortable position and continued to lie on the swivel chair, flicking the cigar in his hand, "After eliminating this step, Gringotts can earn more than 50 million Galleons in this business out of thin air." That's why we've not lost money so far, strictly speaking. β
"Go ahead and say something I don't know. β
For Douglas, the greatest pleasure is no longer simply to earn gold gallons, but to produce one excellent goblin analyst after another, ensuring that Gringotts can maintain its immovable position for many years to come.
"What if the ruble continues to depreciate? Our losses will continue to grow, even if you take into account the fees and the high interest rate, according to my calculations, another month at most......"
"I don't need you to tell me these things. As you can see, we have a team of more than fifty people, and they will be handing me the report long before you can calculate the results. β
The middle-aged goblin waved his hand a little impatiently, directly interrupting Andy Serkis's words.
"Boy, I'll teach you a lesson for free, all uncashable profits, no matter how much they are, are fake! We have enough time to buffer to increase the fee for converting gold galleons to rubles, as well as limit the amount of money that can be exchanged for rubles in the wizarding world. β
Douglas slowly exhaled a puff of smoke and shook his long cigar in his pocket, "We have never ignored the possibility that the wizard would succeed in shorting the ruble. To be precise, from the very beginning, our goal is no longer to gain or lose in the short term. What we need is the compromise and cooperation of the British wizarding community, or the most magnificent magical creation in the history of human magic. β
The long time not only taught the Gringotts elves about financial acumen, but also gave them enough patience.
Most of the impatient elven races have been wiped out in the long river of time one after another with one goblin rebellion, and only Gringotts will always exist in the wizarding world, maintaining its transcendent status.
Dozens of elven elders, hundreds of elven analysts, are constantly studying the entire magical and non-magical worlds, they are all over Europe, and the power of the Golden Galleon allows them to always be on the side of the victor at the right time.
The monetary gains and losses of the Muggle world are not a big deal for the elves who control large gold reserves. Magic, the only thing that can pry into any unconventional financial system, is what the elves have always wanted to touch.
"Well, it seems that you didn't surprise me. Lord Leos had already left for Hogwarts half an hour earlier, and was already on his way back. If they are stupid enough to terminate the contract, then we will be completely free. If not, then this contract has never deviated from our assumption. β
Douglas glanced at the silent young goblin, glanced at his lips with disinterest, waved his right hand, turned his chair back to Serkis, and motioned for it to leave.
"And what if the Soviet Union disappears overnight and the ruble is reduced to waste paper?
Andy Serkis gritted his teeth and couldn't help but ask out loud.
To be precise, this was not its idea, but a madman's conjecture made by Gary Vickers some night ago when he was discussing the astronomical mortgage contract with it.
"Hey, boy. Let's study more human history. β
Douglas let out a disdainful sneer, not even the desire to turn around and speak.
"With such a powerful alliance as the Soviet Union, even the entire wizarding world combined could not destroy it in a year. Don't underestimate Muggles, according to the calculations of the entire Gringotts think tank, the probability of destroying the Soviet Union in a year is even lower than that of a major earthquake directly destroying the entire Soviet land. β
"Restricting the exchange of rubles, controlling the adjustment of the exchange rate, the first payment of the mortgage contract is only a short year. Tell me, young Serkis, how can Gringotts lose in this commercial trade?"
Although he was only sitting in his office, Douglas's words revealed an aggressive edge, as if he was a general who commanded the goblins to resist on the battlefield hundreds of years ago, so that Andy Serkis could not have the slightest idea of rebuttal.
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Coo~
These chapters are relatively dry, difficult to write and unpleasant, and many fat chickens may have a headache when they look at them.
I've been entangled for a long time about whether to send this chapter today.,Or tomorrow the day after tomorrow to finish the complete plot in one go.γγγγ It's uncomfortable~