Section 163 Shanghai Gold Speculation (Part II)
It's just that HSBC won't do it for the time being, because Yangzi Bank's gold dollar bills have not been overissued, and all gold dollar bills and passbooks have corresponding gold in the vault, and they are still waiting for the opportunity, waiting for Yangzi Bank to make a mistake, and they will dig a trap for Yangzi Bank, that is, to continue to raise the price of gold. Pen? Interesting? Pavilion wWw. biquge。 info
The price of HSBC's gold rose to fifty taels of silver, and Yang Chao began to instruct the worried Xie Guanhui to release some of the gold, but told him to sell it quietly and not let HSBC know.
Will HSBC really not know, or can Xie Guanhui really hide from HSBC? This is impossible, no one can hide from HSBC's eyes in Shanghai's financial industry, I am afraid that Xie Guanhui will find someone to quietly go to HSBC where to sell gold, and HSBC will know that it was Yang Chao who forcibly ordered Xie Guanhui to sell gold.
HSBC definitely thought that Yang Chao, a local tyrant who did not understand finance, could not stand the attraction of high prices, so he forced Xie Guanhui to sell gold, which is what they wanted.
However, Yang Chao only sold 100,000 taels, which is nothing compared to the five million taels of gold that Yangzi Bank has in reserve now, but Yangzi Bank only sold 100,000 taels, and then stopped acting.
HSBC definitely thought that Yang Chao was greedy for money and had no courage, and just wanted to take advantage of it casually, and then HSBC continued to raise the price of gold, and the price of one tael of gold soared to sixty taels, almost twice as much as in the past.
Yang Chao released another 300,000 taels this time, and then stopped, releasing a total of 400,000 taels of gold, HSBC knew that gold could not squeeze Yang Zi Bank at this point, although Yang Chao asked Xie Guanhui to keep their gold reserves secret, but the pervasive HSBC had already figured out the details of Yang Zi Bank, otherwise they would not have launched an attack, their purpose was the 200 tons of gold in Yang Zi Bank.
Yang Chao gave the Germans 200 tons of gold, and HSBC wanted it too!
So HSBC continued to raise the price to eighty taels of silver, HSBC's crazy behavior has made the Shanghai financial market crazy, everyone is everywhere to loot gold, wife, concubine's jewelry, son's neck gold medal. All of them were taken out and sold, and HSBC was sweeping the last bit of gold in Shanghai little by little.
Moreover, gold from other places has also begun to pour into Shanghai, and HSBC has bought it correctly.
"Eighty taels of silver, madness. Where did they come from to be so bold, even if the Sassoon family is strong, they may not have such courage! ”
Yang Chao also began to mumble, and his heart immediately tightened.
"The London guys want a piece of the pie too!"
Yang Chao immediately figured out that this time it was not just HSBC. HSBC attacked Yang Zi Bank once last year, and they knew that they could not beat HSBC on their own, so it was likely that they contacted the bankers in London, and Yang Chao transported 200 tons of gold to Germany, and those predators in London said that it was impossible.
It's not a good thing to be targeted by London giants like Rothschild and Bahrain, but Yang Chao is not afraid of them yet, unless Britain dares to let these guys ship a thousand tons of gold from London. Otherwise, their strength is not as good as Yang Chao.
And even if they make a move, it will be too late in time, London's capital will not be able to mobilize China in a short period of time, and HSBC has been buying gold recently, using silver, where does the silver come from for HSBC's purchase of gold?
"They don't have such huge reserves. Unless? ”
Yang Chao immediately asked someone to check the ships that had recently entered and exited Shanghai, and asked if they were coming from the direction of India, and it turned out that there was a British cruise ship, but Li Fuan checked it through the customs and found that the cruise ship was not loaded with gold at all. Instead, he brought a thousand tons of iron ore with the ship.
"A thousand tons of silver, such a big deal, and they have all bought off the customs fraud, and they are really experts in playing financial tricks."
Yang Chao sighed. Hurd, an old British devil, seems to be fair, and often expresses his views from the position of China, but at critical moments, the customs he controls still help the British.
The price of gold has reached 90 taels of silver, and the gold from other places has almost been sucked up by HSBC. According to Xie Guanhui's estimates, HSBC has absorbed at least 10 million taels of gold during this time, and now they have raised the price of gold to 100 taels of silver, but there is no longer stock on the market, and it is obvious that China's gold has almost bottomed out.
10 million taels of gold, this is 370 tons, China is not a gold standard country, the market is circulating silver, so this 10 million taels of gold is almost the limit.
But what did HSBC do with so much gold, and where was the gold there, in HSBC's vault?
Yang Chao is very sure that HSBC's gold is not in the vault of HSBC, but in the vault of Yangzi Bank, and of the fifteen million taels of gold in Yangzi Bank, there are probably 10 million taels belonging to HSBC.
After HSBC successfully forced Yangzi Bank to collect deposits at a high price, they began to collect gold at a high price, and deposited gold into Yangzi Bank, not only eating the high interest rate of Yangzi Bank, but also taking away the deposit receipts and gold dollar coupons printed by Yangzi Bank, at this time HSBC had more than 10 million gold yuan coupons in their hands, and as long as they were sure that Yangzi Bank did not have the corresponding gold, they would immediately take action.
In this situation, there is only one way that may lead to a loss of gold, and you just can't stand the high price of HSBC and continue to sell gold to HSBC. If Yangzi Bank does not sell, it will continue to pay high interest to HSBC, and a year later, even if HSBC begins to lower the price of gold, they will not be able to lose, but Yangzi Bank will lose.
HSBC thinks that they have driven Yangzi Bank into a dead end, and can only continue to play this game with them until finally they can't stand it and surrender to them.
Yangzi Bank can only continue to sell gold to HSBC, HSBC changed hands and deposited in Yangzi Bank, and in the end, like a snowball, Yangzi Bank's vault has more and more silver, and although the amount of gold has remained the same, HSBC has more and more certificates of deposit and gold dollar bills.
When Yangzi Bank has an obvious deficit, it is when HSBC forces its position, and then Yangzi Bank has only two options, the first is to go bankrupt, and the second is to accept HSBC's conditions, that is, to close the position at a higher price, HSBC spent 100 taels of gold to buy, Yangzi Bank is afraid that it will have to use 200 taels of silver to buy gold to redeem HSBC's deposits.
Typical financial forced air battles!
But Yang Chao was very calm, they didn't start selling gold at a high price as HSBC imagined, but sold it little by little, one million taels, two million taels, HSBC has not made a move, but continued to absorb Yang Chao's gold, and then deposited it in Yang Chao's bank.
Five million taels, HSBC still did not stop, continued to buy Yang Chao's gold, deposited it in Yang Chao's bank, and at the same time took away the gold dollar coupons that Yang Chao gave them.
"It's so courageous, it's really a London financial giant, since five million taels refuse to stop, then don't blame me for being a killer."
Yang Chao couldn't help sighing, and at the same time his heart began to get excited, Yang Chao knew very well that the London financiers underestimated themselves too much, because the British estimated China's deposits very accurately, and knew that there was only so much gold that could be withdrawn in the Chinese market, and Yang Chao transported two hundred tons of gold to Germany, obviously China's gold reserves were the most vulnerable at this time, and they chose to attack the Chinese gold market at this time, which was the most certain.
So they continued to transfer boatloads of silver from all over the world, pumping out the gold on the surface of Shanghai at a high price, especially luring Yang Chao to start buying gold for them, and they also resold and deposited it in Yang Chao's bank.
The London financiers were convinced that Yang Chao did not have enough gold reserves to fight them, so they could manipulate them at will, as long as Yang Chao jumped into their trap, in the end, he had to move all the gold in his hands to their warehouse, and even the two hundred tons of gold shipped to Germany had to be obediently transported to London.
Yang Chao used to think that the British should have been eyeing his 200 tons of mortgaged gold in Germany, but now it seems that the British want to kill him, so they only accepted 5 million taels and refused to stop at all.
Yang Chao wished that the British were more greedy, because he was sure that the British would never know that he had already stockpiled a thousand tons of gold.
The five million taels HSBC did not stop, and then there was no chance to stop it, because Yang Chao began to open up the trading of gold, and sold the second five million within a week, HSBC was a little unable to support it, and even stopped buying gold for three consecutive days, announcing that their gold reserves were barely enough.
Yang Chao was ready for HSBC to run, but on the third day of HSBC, after a Hong Kong-registered 10,000-ton cargo ship arrived in Hong Kong, it began to restart the purchase of gold.
So Yang Chao then sold five million taels of gold, and the amount of gold sold by Yang Chao had reached fifteen million taels at this time, and HSBC thought that the gold reserves in Yangzi Bank were only five million taels, but at this time, HSBC alone already had 10 million taels of gold certificates of deposit and gold dollar bills.
In other words, the gold in Yang Chao's vault is not enough to pay for HSBC's deposits, not to mention the five million taels of gold absorbed by the bankers who followed the operation behind HSBC after seeing that the situation was wrong.
Xie Guanhui couldn't sleep anymore, and went to Shandong three times in person, but Yang Chao still insisted on selling gold.
At this time, there is no need to hide it, because the general trend has been achieved, and HSBC has also understood that the two sides have actually picked up, and everyone knows that the other party is fighting with themselves, so what is fighting now is actually pure strength, who is fighting with a thicker family background, and who is fighting with more funds.
Yang Chao is set up an attitude, as long as HSBC dares to collect at the price of 100 taels, he dares to sell, only a month, those wolf-like capitalists in New York can smell blood, they will naturally not let go of this opportunity, mobilize a large number of gold to the Chinese market to take advantage of the high price to sell, in that way, HSBC will actually lose.
So everything must dare to end before the Americans land.
HSBC gritted his teeth and received 5 million taels of gold from Yang Chao, at this time Yang Chao sold a total of 20 million taels of gold, a total of more than 700 tons, and HSBC alone had 15 million taels, more than 550 tons, which was enough for Yang Chao to move Yang Zi Bank and gold stored in Germany to HSBC's vault.
Now, as long as HSBC comes to run, Yang Chao will theoretically have to go bankrupt.
So they planned to talk to Yang Chao, they felt that Yang Chao should understand his situation, and there was no choice but to surrender! (To be continued.) )