Chapter 567: Gold

"Very well analyzed." Lucifer nodded, the next thing to do is to look at the specific operation, which is even more careful and cautious, otherwise if you are not careful, you will also be crushed, and you will never recover, who will make the financial market unpredictable.

"What do you think of gold? Even grandpa said that gold had risen a lot. Lu Haoshan said eloquently, "Gold is an international market, with a daily turnover of trillions of US dollars, and gold can be traded 24 hours a day. The gold market in Xiangjiang just fills the gap between the closing of the New York and Chicago markets and the opening of the London market in terms of time difference, and can connect Asia, Europe and the United States to form a complete world gold market. Its superior geographical conditions have attracted the attention of European gold dealers, and the five major gold merchants in London and the three major Swiss banks have set up branches in Hong Kong. They brought the gold trading activities settled in London to Hong Kong, gradually forming an invisible local 'London gold market', making Hong Kong one of the world's major gold markets. ”

He paused for a moment and continued, "Gold can be bought up and down, and the leverage of gold is 1:100, which is very profitable. The international spot gold adopts a 1% margin trading system, and the spot gold can be held indefinitely. Speculating on gold is also very promising. ”

"Having said all that, what do you think about the future?" Lu Jiangfan looked at him expectantly with burning eyes and said.

"It is estimated that it will have to rise, the world's inflationary pressure is increasing, and gold, a hard currency, must be the preferred hedging tool for investors." Lu Haoshan said confidently, his eyes were as bright as glass, and his eyes swept a glance at Lucifer.

"In the past two years, we have made a lot of money on gold futures! It can also be operated in the future. Lu Jiangfan said in a deep voice.

In 1971, after the loss of a large amount of gold reserves. The U.S. government announced its withdrawal from the Bretton Woods system, announcing the decoupling of the dollar from gold. Since then, the price of gold has been completely detached from the government's pricing model and determined by market supply and demand. Gold broke through the cage of the Brayton system and became free gold priced by market supply and demand, and then the price of gold soared.

By 1973, due to the sharp depreciation of the US dollar, it once again triggered a wave of European countries selling US dollars to buy gold. This market wave led to the closure of the foreign exchange markets in Western Europe and Japan for 17 days. After urgent negotiations between the countries, an agreement was finally reached and the Western countries abandoned the fixed exchange rate. Implement a floating exchange rate. At the same time, gold rose above the $100 per ounce mark, three times the original official exchange price.

During the same period, inflation in the United States and other Western countries rose sharply again. Plus the establishment and development of the US gold market. U.S. citizens regained the right to own gold after decades of being banned, and traders and individual investors bought it in the belief that this would greatly increase demand for gold. Gold prices continue to climb. New all-time highs are constantly being refreshed. Finally, the price of gold on the day when the U.S. gold market opened to the U.S. public. The price of gold has only just peaked and fallen. The price of gold at this time is $200 per ounce. "Good cash, peak and fall"! It seems that there are places for application in both China and abroad.

Lu Jiangfan said calmly, "In 1975-1976, high inflation triggered a severe economic recession in the United States and other countries, and high unemployment and bankruptcy were the most prominent world economic scenes at that time. In order to quell speculative demand for gold, the US Treasury announced the auction of part of the gold reserves, and the International Monetary Fund also made the same move, and asked member countries to use 'special drawing rights' as the unit of account to replace the original use of gold. When gold from the United States and the IMF entered the market. The market price of gold hit a low of US$102 per ounce. But at this time, the gold in the auction is always absorbed by the enthusiastic purchases. That posture is a lot of how much to eat, and the appetite is very big! ”

"January 1976. The International Monetary Fund (IMF) met in Jamaica to conclude the Jamaica Agreement, marking the final end of the Bretton Woods system.

By the sharp rebound in the price of gold last year, inflation was back in the spotlight around the world, and soon the gold price surpassed the previous peak of US$200 an ounce this year. Can it still go up next year? The words fell, and Lu Haoshan's black jewel-like eyes glanced at Lucifer.

"See the U.S. debt? From $400 billion in 1970, it has doubled in almost nine years and continues to grow to nearly $1 trillion. Lucifer said indifferently.

"If you don't say it, you really haven't paid attention, it seems that global inflation will continue to worsen next year, and gold will have to rise." Lu Haoshan stammered, "I just don't know how high I can go." ”

Gu Yaluo muttered in his heart, rising to a height you can't imagine, about to enter 79 years, the gold market has a buyer's power to eat as much gold as anyone throws out, forced by the strong market purchasing power of the oppression, the United States and the International Monetary Fund were forced to compress the original gold auction plan, it is estimated that soon completely abandon this plan.

In the first half of 1979, the price of gold rose dramatically above US$360 an ounce, but the subsequent unimaginable surge stunned the world. In the summer of 1979, world inflation deteriorated rapidly, and the debt of the United States government also grew at an alarming rate.

In the second half of 1979, the price of gold continued to refresh the 100 yuan integer unit, 400 US dollars / ounce, 500 US dollars / ounce, 600 US dollars / ounce, 700 US dollars / ounce, a dazzling price that was previously unimaginable by all parties in the market was quickly created by market forces to create .......

In January 1980, when the Soviet Union invaded Afghanistan, the price of gold was pushed to its all-time high: $852 an ounce.

Catch this train, how can you not catch a ride.

When the Bretton Woods system began to collapse, the price of gold rose from the then official fixed exchange rate of US$35 per ounce to US$852 per ounce in less than 10 years, an overall increase of as much as 24 times.

In the following time, Gu Yaluo tested a number of countries that may affect gold and oil prices in the future, such as the United States, the Soviet Union, Afghanistan, and Iran......

&*&

"Everyone is gone, what are you looking at stupidly?" Lu Jiangfan patted his dumbfounded son on the shoulder and said.

"Dad, I know Lucifer is powerful, but when did Luo'er become proficient in stock trading." Lu Haoshan asked stupidly.

"Maybe there are people in this world who are born to know!" Lu Jiangfan said meaningfully.

"Dad, let's go inside! Next, we have to pay close attention to these countries, plan well, and kill all sides. Lu Haoshan rubbed his hands and said, his high-spirited face was full of smiles.

&*&

As the sun sets, the sky is dyed orange-red, shining softly on people, warm.

Gu Yaluo's bright and moving face turned red, "How did you frustrate the third brother in the United States." ”

Lucifer smiled slightly, and his deep eyes bloomed with a wise glow, "It's not in vain, my vision finally has an international perspective, staying in Xiangjiang, always in a safe corner, it is difficult to become a big thing." Said politely.

"But the third brother you scared was not light, and after answering the question, he looked at you unconsciously, like a primary school student waiting for the teacher's judgment." Gu Yaluo laughed as she spoke.

When Lucifer opened the door, he glanced at the mailbox, is there a letter? So he opened the mailbox and smiled.

"Laughing at what? Who sent it. Gu Yaluo raised her eyes lightly and asked with a smile.

"Don't be cranky?" Lucifer reached out and pinched her upturned nose, "It was sent by He Zheng." ”

"There is an adulterous relationship!" Gu Yaluo pushed open the doorway.

"Ahem...... Lucifer clenched his fists and coughed lightly, handing a thick letter to Gu Yaluo, "See? ”

"You read the letter, I'll make tea." Gu Yaluo pursed her lips and smiled, "What about teasing you?" ”

Gu Yaluo came out with the incense piece, and Lucifer had already read the letter at a glance, and the letter was thrown directly on the coffee table.

"I've finished reading it so quickly." Gu Yaluo handed him the teacup.

"These are the materials and data collected by He Zheng! The conclusion was that the hero sees something the same, and what else is there to see. Lucifer played with his teacup and said, "It's hard to underestimate having a strong country as your backing. In the letter, He Zheng said that sooner or later Iran will revolutionize, and it has already been done in the crater. As he spoke, he hugged Gu Yaluo in his arms, and the content of the letter was just like what he and Lu Haoshan had just said.

"Revolutions involving up to 1% of the country's population are rarely heard of. The French Revolution of 1789 and the Russian Revolution of 1917 may have had more than 1 percent of the population, but in Iran the demonstrators were a few percentage points higher, and finally 10 percent participated in anti-Shah demonstrations. This number could be the largest demonstration in history. Gu Yaluo smacked his tongue and said, it's no wonder that the country is not paralyzed.

Just like He Zheng, he likes to analyze problems from a political and diplomatic perspective, and from an economic point of view, he may know, but he doesn't know what to do to his advantage. Scarce......

Gu Yaluo pillowed his shoulder socket and said, "Why are you writing a letter?" Suddenly, he patted his head and said, "I made a stupid mistake." ”

Modern communication equipment is convenient, but eavesdropping is very convenient. Sending letters is gradually forgotten, but it is very safe.

"What do you want for dinner?" Gu Yaluo got up and said.

"What do you do? What do I eat? I'm not picky. Lucifer looked like I was very good, "Mom went out to socialize tonight, what about Zhan Yan?" At the class reunion, just the two of us can eat casually. (To be continued.) )