Chapter 155: Short Gold

The types of gold trading include spot trading, paper gold, gold futures, gold extension, etc.

What Ye Hsiao-hsien has to do is short gold futures.

Futures, in the words of the Chinese people, are short buying and selling, and there is no need for physical gold at all.

Signing a sales contract and agreeing on the delivery time, you only need to sell and buy back the same number of contracts as the previous contract before the expiration date of the contract, that is, close the position, and do not need to actually deliver the real money.

What is earned is the difference between the price of gold fluctuating within the agreed time, and this way of buying and selling is what people usually call "gold speculation".

Gold futures contract trading only requires a deposit of about 10% of the transaction amount as the investment cost, which has greater leverage and can use a small amount of money to promote large transactions.

Gold futures trading can once again use the leverage provided by banks or securities companies to amplify the trading volume again.

In layman's terms, that is, you have 100,000 yuan, according to the 10% deposit of gold futures, you can only sign a contract amount of 1 million, but you can choose the leverage provided by the bank or securities company, for example, choose 10 times the leverage, then you can sign a contract amount of 10 million yuan for 100,000 yuan.

At the same time, the trading volume is magnified, the risk is also magnified, and if there is not enough margin, the slightest fluctuation in the price of gold may be liquidated.

As a result of the liquidation, the deposit paid before was confiscated by the securities company or bank, and the capital was lost.

Ye Xiaoxian chose this model, and it was even more crazy, directly using 20 times the leverage to short gold.

The so-called shorting of gold is to enter into a contract to sell gold at or below the current market price.

Gold futures also follow the age-old trading rules, when there is more supply, the price will be pulled down, and when the demand is greater than the supply, the price will be raised.

Shorting is to use a large number of sell orders to suppress the price of gold.

Wait for the price of gold to be suppressed to a certain extent, and then buy gold contracts at a low price to offset the previous sale contracts.

To put it bluntly, it is to sell high and buy low.

"Let's warm up with 100 tons of gold first, 1,000 lots per minute!

Ye Xiaoxian gave the order easily, as if he was selling not a hundred tons of gold, but a hundred tons of Chinese cabbage.

"100 tons of gold, 1,000 lots per minute!Sell below the market price!" the operator repeated Ye Hsiao-hsien's instructions loudly.

One hand is a kilogram of gold, a thousand hands is a ton of gold, there are ten operators in the big room, one minute is ten tons of gold, and one hundred tons of gold are all sold in ten minutes.

At a price below the market, the sell order has been put out and is bought in an instant.

A hundred tons of gold were thrown out, and without even a single sound, they were swallowed up by the huge international gold market.

"OK! Go on, 1,000 tons of gold, sold at the right price, 1,000 lots a minute!" Ye Xiaoxian continued to give instructions.

Zhang's plan is not as simple as simply shorting gold.

The currency of the little devils is still on the gold standard, and the price of gold is suppressed, which means that the yen depreciates.

The depreciation of the yen is a good thing for the Japanese government, which exports cheaper goods and can get more export orders.

Zhang Liang naturally wouldn't be kind enough to help the little devil.

Ye Xiaoxian's shorting of gold is only done on the surface for everyone to see.

In addition, the financial teams mobilized from the United States, Britain and Germany are the real killer features.

Ye Xiaoxian is short gold futures on the bright side.

Financial teams from the United States, the United Kingdom, and Germany are slowly buying paper gold and spot gold at low prices.

Spot gold refers to the trading of physical gold.

Paper gold refers to the paper trading of gold, and the investor's buying and selling transaction records are only reflected in the "gold passbook account" opened in advance by the individual, and does not involve the withdrawal of physical gold.

The spot gold received will be shipped directly back to Heung Kong Fude Bank.

Paper gold can be delivered to Japanese banks through Fude Bank.

This is also the benefit of having your own bank.

Zhang Wolf's idea was to use the money earned from shorting gold futures to buy Japanese private gold spot and paper gold.

Looting the gold of the Japanese people is only one aspect.

There is also a financial group dedicated to shorting the yen.

As I said before, the yen was still on the gold standard in '85, and the fall in gold prices would naturally lead to the depreciation of the yen.

This is the right time to take advantage of the decline in the price of gold to short the yen.

As for shorting the yen, it is tantamount to helping the Japanese government and promoting their economic development.

This is just wishful thinking on the part of little devils, and do not forget that in more than two months, the United States will force Japan to sign the Plaza Agreement.

Now the finance ministers of the five governments of Laos, the United States, and the United States are putting pressure on the Japanese government.

Shorting the yen, in fact, is speculating on the exchange rate between the yen and the dollar.

The yen depreciates due to the price of gold, but the dollar does not have a gold standard monetary policy.

The U.S. dollar will not be affected by the price of gold, but only by the depreciation of the yen, and the depreciation of the yen is equivalent to the appreciation of the dollar.

Now the biggest headache for Lao Mei is that the dollar is too valuable!

The dollar is too valuable, which is a good thing for the common people, but it is not a good thing for the US government and the American capitalists.

The value of the dollar means that their production costs are high, and the competitiveness of their products in the international market is not good.

The purpose of the Plaza Accord is to strengthen the yen and depreciate the dollar.

In fact, this trick has been used not only in Japan, but also in China.

In 07 and 08, the exchange rate of RMB against the US dollar was raised several times in a row, which was actually an adjustment made under the pressure of the United States.

It's a bit of a stretch, back to the point.

Ye Xiaoxian's 1,000 tons of gold fell for the second time, and this time he really heard the sound.

The price of international gold fell in response.

Originally, the international gold price has been hovering at the price of $320 an ounce for 85 years.

Ye Xiaoxian's 1,100 tons of gold were smashed down, and the international gold price fell directly below the 300 mark.

"It's fallen below 300, and the current international gold price is 287 US dollars an ounce!" the operator reported loudly to Ye Xiaoxian.

"Two hundred and eight, it's still a bit high! Go on, a thousand tons of gold, a thousand hands per minute!" Ye Xiaoxian's smile at this time was very gloomy.

Ye Hsiao-hsien's actions caused an uproar in major exchanges around the world.

They have asked which bigwigs are operating the gold market.

Ye Xiaoxian and they had no intention of hiding their identities at all, so Ye Xiaoxian's information was quickly placed on the desks of various financial institutions.

At first glance, it was Zhang Wolf, the richest man in Asia, who was operating the gold market, and the capital predators on Wall Street smelled blood and flocked to it.

Zhang Wolf ranks first in Asia with a $30 billion on the latest Forbes list.

A veritable richest man in Asia.