2671 Chen Ping's Theory of Gold Coins

"yes. How dangerous is the stock market without financial support, and Qinguo Bank may not have so much money to support the rise of our stocks. But this is a difficult problem for the Qin people, if the Qin people want to obtain greater benefits, they must support the development of our Chu stock market, which is difficult to overcome. Fan Zeng said. In Fan Zeng's view, Qin's capital has a lot of speculation.

The development of Chu is very predicament, but the potential for investment is very large, and in such a situation, Chu has great investment potential. In the face of such a huge potential Chu market, will the people of Qin give up? No, according to Fan Zeng's understanding of the Qin people, the Qin people need more markets to expand their market.

"However, the problem of funding is very difficult to solve, and according to our understanding, it seems that the Qin people will still have a hard time solving such a problem if they issue more paper money. This solves a lot of problems, but it seems that they are going to fall into the trap of paper money. Chen Ping said.

In Chen Ping's view, the Qin State that issued paper money and used paper money seemed to be very dependent on paper money, and such dependence would cause a big problem, this problem was that they relied too much on paper money and issued more paper money to solve their currency needs, so that the more paper money was issued, the larger the system, and the more gold reserves were needed, once the number of paper money issued exceeded gold, or if there was a big mistake in gold, the situation would be greatly reversed, in Chen Ping's view, It seems that the Qin state has never been able to eliminate such a threat, and such a threat will cause a huge crisis for the Qin government, and this crisis may lead to the collapse of the Qin government.

"If they don't have capital, it will be difficult for the stock market in Chu to be issued. We have to solve this problem ourselves. Fan Zeng said.

In Fan Zeng's view, the most important thing at present is to solve the financial problem of the rising stock market, if there is no excessive financial support, the Chu stock market will face the embarrassing position of no one to buy at the beginning.

"Prime Minister, there may be only one way at the moment." Chen Ping said at this time.

"What's the solution?" Fan Zeng asked at this time.

"That is, with metal currency, our Chu State still has some gold reserves, and in the private market, we have also obtained a large amount of metal currency, for example, the spoils of war obtained from the Mengla battlefield and the trophies from all over the country, these gold can be flooded into the currency market of our Chu State, and at present, Qin State banknotes are the main currency in circulation." Chen Ping said.

"However, there is a peg between paper money and gold, and if we issue metal money, which is gold coins, or silver coins, as long as there is a connection between them and paper money, then we will solve the problem of insufficient money circulating in the market, and with this large amount of monetary money, we can drive the stock market up. This is enough to solve the problem. Chen Ping said.

Fan Zeng looked at Chen Ping and didn't speak, he was thinking about this problem, for economic problems, many times it is necessary to go around, if you don't have some economic common sense, it is easy to get dizzy. Fan Zeng is currently feeling a little dizzy. But Chen Ping is sober. He believes that the most important thing at present is currency, providing a large amount of sufficient currency, as long as the currency is sufficient, it can effectively solve the problem of funds.

"The people of Qin have gold reserves, but their reserves are not to make gold circulate, but to store it, to become a symbol of gold, they use paper money, and our Chu country has a certain amount of gold, in addition to a large amount of silver, with so many metal currencies for circulation, it greatly alleviates our financial problems, and then use these gold as loans, lend to those merchants, or banks to buy stocks, so that the funds are concentrated, and we take these gold coins and silver coins for exchange, In this way, more and more banknotes of Qin were issued, more and more funds were available, and the market naturally prospered. Chen Ping said.

"There seems to be some truth to what you said." Fan Zeng was actually confused, and he didn't sort out the relationship at all, for example, the exchange ratio between gold and paper money, and the quality of gold coins was equal. It depends on the supply and demand of the price between gold and paper money, and the current price of gold is relatively low. This means that the issuance of gold coins will directly impact the paper money of the Qin state, because the gold coin is stable, and the paper money will further increase with the price of the gold coin. This is a complicated relationship, and Fan Zeng has some headaches.

"This. You're right, but I think let's think about it. We can't mess around just yet. Fan Zeng rubbed his temples and said.

Sinzheng, South Korea.

"In order to alleviate the market's demand for financial pressure. We have decided to reduce the reserve requirement ratio (RRR) for banks. At the same time, if necessary, reduce the bank's interest rate in the following days. That's the case. Interest rates will fall below one percent. Zhang Liang said to Han Shu worriedly. That's the only way they can come up with it at the moment. They have to deal with the huge impact of the Chu stock market, in order to provide sufficient funds for the market. Zhang Liang can only take the most direct method.

"In this case, the trend of paper money will depreciate further." Han Shu said to Zhang Liang worriedly.

"Yes. However, there is no way around it. Zhang Liang said.

"If we don't bail out the market, if the stock market collapses, the whole of Korea will collapse, and it's too difficult for us to do that. We simply can't afford such a big loss. The only way is to cut interest rates. It is said that the Qin side also had such thoughts. Zhang Liang said.

"Hmm. All right. It's just that the big hidden danger of Chu State will not be removed. It is difficult for the stock market to rise. There are still such worries. Han Shu said worriedly.

Zhao Guo stock market. As soon as the market opened in the morning, it was a mourning. There are a large number of people who sell stocks in the market, and many of them can only keep falling. Many people are anxious to watch.

Li Wen is also anxious, because he has kept buying 30,000 shares, but the market is still falling again, which is very different from his bullish mood. Li Wendu was a little overwhelmed.

"Sir, shall we still accept it?" The assistant looked at Li Wen worriedly.

"Nope. Let's see, maybe I'm wrong. Wait and see. Levine said. Then he waited for his time. He felt that he was not wrong with his bullish sentiment, but the market was falling, and he couldn't explain why.