Section 162 Shanghai Gold Speculation (I)
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This is a financial war, a financial war waged by the Sassoon family, an Indian giant, against China's Yang Chao. Pen "Fun" Pavilion www.biquge.info
But Yang Chao is really not afraid, the 1,000 tons of gold in the spaceship is his biggest capital, Yang Chao has absolute confidence that even if Rothschild and the Morgan consortium together, they will not be able to mobilize such a huge amount of gold in the Chinese market, let alone the Sassoon family.
Financial warfare is also war, and it is more bloody, and it is still about strength.
If it is in the world market, maybe Yang Chao can't fight these giants, but in the Chinese market, it is Yang Chao's world.
"It's time for these greedy guys to know who is the boss of China!"
Yang Chao said viciously, and then quietly got out of the spaceship and quietly walked back to the landscape hotel on the bank of the Rhine River.
"Deutsch-Hua Bank and Chanchen Bank entered the huge amount of gold deposited in Yangzi Bank! It is rumored that the total value is 300,000 taels. ”
The Linxi Daily, the largest newspaper in Shanghai, published the latest news.
Deutsch-Hua Bank was founded in Shanghai in 1889, by the joint investment of thirteen large German banks, the strength of the foreign banks in Shanghai, second only to HSBC, with their shots, in the short term even HSBC does not want to kill Yang Zi Bank, and because Yang Chao is already a guest of the German banking group at this time, it is natural for Deutsch-Hua Bank to help Yang Chao, they do not want Yang Chao to go bankrupt, and the two hundred tons of gold in the vault of the German bank were taken away for liquidation.
The two hundred tons of gold have already eaten into the stomachs of the Germans, that is the German cuisine, and no one wants to move, so they must help Yang Chao this time.
"Old friends, we have been friends for many years, don't you still believe my words, Yangzi Bank can't do it. Our gold is enough to pay for all the gold tickets issued, so you can rest assured. ”
Xie Guanhui assured many old customers that these people did not come to withdraw deposits, but to inquire. They know that Yangzi Bank was opened by Yang Chao, so they still believe that they are clear about what happened in Shandong, such a big industry. Can you still go bankrupt?
It's just that the rumors have been very fierce recently, and Yang Chao did give the Germans 200 tons of gold, no matter how rich Yang Chao is, it is impossible to send so much money to Germany, and there is still enough gold in China. Therefore, for a while, some people believed the rumors.
When the news of Dehua Bank's help spread, these customers were already relieved, although HSBC was powerful, then Dehua was not easy to mess with, and with the strength of Yangzi Bank itself, no one believed that Yangzi Bank would fail.
So these customers got Xie Guanhui's assurance and left.
After that, people kept coming, and they didn't come to withdraw money, or even to ask, but to deposit money, and apologized to Xie Guanhui. said that they mistakenly believed the rumors, so they withdrew the deposits, but they were just afraid, hoping that Xie Guanhui would not blame them and not hurt everyone's feelings.
Xie Guanhui also promised to take a friendly attitude towards these old compradors, who were deeply involved in the banking industry, and once again accepted their deposits, and at the same time issued them large certificates of deposit and a batch of gold dollar bills.
Xie Guanhui was relieved at this time, and it seems that the support of the German Bank has played a role, so that everyone has restored confidence in Yangzi Bank. In the next few days, as he expected, gold continued to come in, and even people who were not their customers before came to deposit gold. told Xie Guanhui that they didn't expect Yangzi Bank to be so strong, and decided to cooperate with Yangzi Bank in the future.
For a time, the gold stock of Yangzi Bank increased greatly, from the highest peak of 500,000 taels in the past, to more than 1 million taels at once, and it is still soaring.
It surpasses HSBC, which has 800,000 gold reserves. Becoming the largest exchange bank in Shanghai, Xie Guanhui couldn't help but be overjoyed, and felt that it was a blessing in disguise, and an unsuccessful run increased everyone's credit to Yangzi Bank.
At this time, Yang Chao also came back from Germany, and Xie Guanhui immediately reported his results to Yang Chao with joy.
"Hehe, do you really dare to play? Lao Tzu wants to see how far you dare to play, unless the London vault is opened, how you play, Lao Tzu dares to take it! ”
Yang Chao saw such data, but he was not as optimistic as Xie Guanhui, how fast his bank was developing, it was impossible to surpass HSBC, which had been in operation for half a century, so quickly, and now this situation is obviously not normal, it is strange to say that HSBC is not a ghost.
Yang Chao expects that HSBC's banks will not only not stop, but also are brewing a more powerful counterattack, the gold deposited these days is probably the gold transferred by HSBC from Hong Kong and even India, as for their gold in London, it will not arrive until next month at the earliest, and it is estimated that it will be the time for HSBC to fight back.
But Yang Chao didn't tell Xie Guanhui about all this, nor did he tell Deutsch-Hua Bank, which helped a lot this time, because Yang Chao was not at ease with Deutsch-Hua Bank, and they were willing to help Yang Chao hedge HSBC's attack, because they saw that Yang Chao had 200 tons of gold in Germany, which was more than enough to deal with the British attack, but if he saw that the British were playing bigger, they would definitely not mind lying on Yang Zibank's corpse with the British to share a piece of meat.
"It's time to tighten the flow of gold in the market!"
Yang Chao secretly said in his heart, knowing that HSBC's next plan must be to slowly receive the gold on the market into their hands, and then whether it is to speculate on the price of gold or to lower the price of gold, they have the final say, through large price changes, they will definitely be able to earn the difference, as for whether HSBC will raise the price first or lower the price, it will soon be clear.
HSBC announced that they will buy 100,000 taels of gold in Shanghai at a price of 40 to 1 because of the recent reduction in the bank's gold reserves.
HSBC relies on a huge capital, has been controlling the price of gold in Shanghai, they hang out the price card of gold and silver exchange every day, all the banks will adopt, it can be said that they have the pricing power, but this time after they put out the card, other banks really did not follow up, because the exchange rate change is too big, suddenly from 37 taels to 40 taels, the price increase is too large, for the risk control is very careful foreign banks do not dare to rashly get involved.
However, foreign banks did not dare, and the local banks with insufficient risk awareness began to act, and they also began to collect gold through their own networks, and then immediately exchanged them from HSBC, wanting to take advantage of the gold price rise and make a big profit, so with the help of these banks, Shanghai's gold is moving towards HSBC's vault little by little.
Even Yangzi Bank was affected, and some customers who saw that the gold price was good immediately withdrew gold from Yangzi Bank and sold it to HSBC.
Even Xie Guanhui was moved, and told Yang Chao that the gold price was a good opportunity, and Yang Zi Bank might as well sell some of the gold, but after all, he was in the financial industry, and he also told Yang Chao that it might be HSBC's fraud!
This kind of method, without Xie Guanhui's reminder, Yang Chao can see it clearly, he is an expert in playing this, and he has read countless classic cases on Wall Street in later generations, and he now knows what HSBC is going to do next, it must be to collect savings at high interest rates, and further absorb the gold reserves of Yang Zi Bank to it.
Sure enough, after a month of gold acquisition, HSBC continued to announce that their gold reserves were still insufficient, and decided to raise the gold deposit rate to 3 percent, which was half of the previous two percent. Then the depositors of Yangzi Bank once again began to withdraw gold on a large scale and transfer it to HSBC.
"Hmph, don't you just want Lao Tzu to follow, and you have to spend so much effort?"
Looking at HSBC's step-by-step actions, Yang Chao couldn't help sneering in his heart, the first step to buy gold, that is a plan for two purposes, if Yangzi Bank is stupid and directly secretly sells his reserves to HSBC, then needless to say, HSBC can force Yangzi Bank to death as long as it uses a wave of runs; If Yangzi Bank did not follow, they would have sucked up Shanghai's gold stock, so that Yangzi Bank would not have been able to get support.
As a result, the first step was that Yangzi Bank was not fooled, and then HSBC raised the interest, and at the same time, the depositors of Yangzi Bank once again treacherously began to withdraw money, of course, this is not a run, but HSBC is forcing Yangzi Bank to fight for customers with them, Yang Chao is sure that those who only withdraw money at this time are naturally instructed by HSBC to play a big show in partnership.
Xie Guanhui was really anxious, and a large amount of gold outflowed out, which made him feel the crisis again, and suggested that Yang Chao should not raise the interest rate of Yangzi Bank.
This is what HSBC wants, since you want it, then give it to you, Yang Chao immediately asked Xie Guanhui, who was still in the dark, to start interest with HSBC.
HSBC is 3 percent, Yangzi Bank is 4 percent, HSBC immediately-for-tat, raised to 5 percent, Yangzi Bank 6 percent, HSBC 7 percent, Yang Zi 8 percent, HSBC 9 percent, Yang Zi 1 point.
At this time, Xie Guanhui was completely stunned, and kept sending telegrams to persuade Yang Chao not to fight with HSBC like this, he thought that Yang Zi Bank might have fallen into HSBC's conspiracy.
Yang Chao only asked him if the bank's gold stock was increasing, Xie Guanhui said that it was indeed increasing rapidly, and almost all the people who owned gold in Shanghai came to Yangzi Bank to make deposits, and the value increased by 10% in a year, which was indeed very attractive to people.
But this is definitely a conspiracy, in the current situation, people with gold in their hands may not dare to deposit, constantly to Yangzi Bank in and out of gold, can only be HSBC people, their purpose is to let Yangzi Bank over-issue gold dollar coupons, they keep exchanging their gold in their hands into Yangzi Bank's deposit receipts and gold dollar coupons, is waiting for the opportunity to run at one time.
What is the purpose of HSBC?
It doesn't do them much good to squeeze Yangzi Bank out of bankruptcy, they have only one purpose, that is, to force Yangzi Bank to comply, and when Yangzi Bank can't get the gold, they can only come according to HSBC's requirements.
At that time, even if HSBC told Yang Chao that a tael of gold was worth 80 taels of silver, Yang Chao could only bite the bullet and buy it from HSBC, because at that time only HSBC had gold in his hands, and if Yang Chao did not buy it with them, they would have to take a large number of gold tickets and sue Yangzi Bank in court, and Yangzi Bank could only default and then be cleaned up. (To be continued.) )