Section 164 Shanghai Gold Speculation (II)
It's just that HSBC doesn't know that Yang Chao still has 800 tons of gold in his hands, because they can't imagine that Yang Chao can master more than 1,000 tons of gold, which is equivalent to the national reserves of industrial countries such as Tsarist Russia and the United States. Pen % fun % Pavilion www.biquge.info
Even the 400 tons of gold exposed by Yang Chao before had already shocked them, so they also increased their efforts to force their positions very conservatively, pulling the deficit of Yang Zi Bank to more than 700 tons, so they dared to believe that Yang Chao could not take out these gold.
Eight hundred tons of gold is equivalent to more than 21 million taels, which is more than enough to cope with the 20 million taels thrown out now, not to mention that the 20 million taels are not all deficits, Yangzi Bank already has 5 million taels of reserves, and now HSBC will receive another 5 million taels of gold from Yang Chao, and Yang Chao can also catch it.
However, HSBC could no longer hold on, and in order to acquire the 15 million taels of gold, they paid 1.5 billion taels of silver, and the silver they could draw in the Chinese market was only more than 200 million, and the rest of the silver was drawn from London and India.
"200 taels? Are they joking! ”
The results of Xie Guanhui's report to Yang Chao made Yang Chao want to laugh, and HSBC really thought that they had succeeded, and proposed to Xie Guanhui to let Yang Zi Bank close the position at the price of 200 silver and one tael of gold, otherwise they would have to redeem the gold dollar coupons in their hands.
If Yang Chao agrees, then in this speculation, Yang Chao will lose more than 15 million taels of gold.
"Let those fools, while they are not trapped, throw them as soon as they should."
Yang Chao did not agree to HSBC's request, but asked Xie Guanhui to inform those who followed HSBC's operation and wanted to make a fortune to quickly untie the set, and while HSBC was not bankrupt, they sold the gold in their hands to HSBC, although many money banks were bought at a high level of more than 7 taels, and now 100 taels are sold to HSBC and there is still a profit, and it is a big profit.
Xie Guanhui was completely numb at this time, and he also felt that Yang Zi Bank was finished, because he didn't know the gold reserves in Yang Chao's hand.
"Your Excellency. The Americans are coming. ”
As soon as Xie Guanhui left, Li Sidi quietly told Yang Chao that the Americans had come to Shanghai.
It's Citibank's guys, representing the Morgan and Rockefeller consortium. They want to talk to Yang Chao.
"Help me? I think Morgan and Mr. Rockefeller want a piece of the pie! ”
said that he was willing to help Yang Chao, but Yang Chao knew that the American banker smelled blood and couldn't hold it.
"Well, how do Morgan and Rockefeller want to help me?"
The Americans insisted that Morgan had good intentions.
"1 thousand tons of gold. It has been shipped, and it will be able to arrive in Shanghai within a month! ”
Citibank's real name is the City Bank of New York, which has been controlled by Rockefeller at this time, and has been operating in China for a long time, but in the United States Financial Street, Morgan is the boss, and the two consortia usually compete a lot, but if there is an opportunity, they don't mind joining forces to make a fortune.
And 1,000 tons of gold, they don't join hands. It's really unreasonable.
"Okay, what do you want me to do?"
After a secret meeting with the Americans, Yang Chao immediately took action, and soon news came out that Yang Chao borrowed five million taels of gold from the Qing Dynasty, which was all the gold of the Qing Dynasty, and all the family funds that Zhang Zhidong had saved over the years.
This move made HSBC even more determined that the gold in Yang Chao's hand had bottomed out, and he used 200 taels to bargain last time. Most of them still have the intention of testing Yang Chao, wanting to find out if Yang Chao has any other savings, and now Yang Chao has begun to borrow money from the Qing government, and they are sure that Yang Chao has no reserves.
But HSBC also knows. 200 taels of silver is absolutely unacceptable to Yang Chao, because in the data they have, Yang Chao does not have so much money at all, even if he borrows 5 million taels of gold from the Qing court, it is not enough to close the position with 200 taels. The purpose of HSBC and the British banking group behind them is nothing more than to wash Yang Chao's gold reserves, that is, the 200 tons of Yang Zi Bank plus the 200 tons of gold that Yang Chao sent to Germany.
Of course, now that the Qing court has lent Yang Chao 5 million taels of silver, they don't mind eating the Qing court's reserves.
In fact, HSBC didn't know that the 5 million taels of gold in the Qing court were just smoke bombs released, because the imperial court really didn't have so much gold, and there were only 30 million taels of silver in the account of the household department, and the gold was only 300,000 taels, but Zhang Zhidong publicly claimed to have lent Yang Chao 5 million.
Of course, HSBC didn't believe that the Qing court could have so much gold, but they couldn't figure out this huge empire, so they collected another 5 million taels of gold, at this time HSBC's silver deposit really bottomed out, and even the Qing court customs deposited 50 million silver thrown in, if the Qing court now let them withdraw money, they can't take it out, but HSBC is confident that the customs will not move the silver for the time being.
20 million taels of gold, HSBC felt that it was time to stop, and they also heard that the guys in New York had acted, Morgan they had raised a thousand tons of gold, and it was self-evident what they wanted to do, Yang Chao met with people from Citibank, and these were also inquired about by HSBC, so they had to eat Yang Chao before the Americans acted.
Otherwise, after the arrival of the thousand tons of gold of the Chinese people, they will not be able to bear it.
"150 taels, is this still sincerity?"
HSBC quoted Yang Chao a condition of 150 taels to close the position this time, and HSBC only earned half of the profit, that is, 10 million taels, equivalent to more than 500 tons, with Yang Chao's gold reserves and the Qing court's combined, it was almost manageable, and HSBC thought they were very sincere.
"It's very sincere, I didn't kill it all, but I refuse, let them mention it!"
Yang Chao said to Xie Guanhui with a smile, Xie Guanhui's face was like ashes, but Yang Chao smiled very happily.
He wanted to see, when HSBC found that all their gold tickets, Yang Chao cashed in, what kind of expression did they have, of course gold is good, but the gold exchanged for 100 taels of silver, it is too hot, the international silver price because of the recent fall in Shanghai silver prices, also fell to the extent of 40 taels and 1 taels of gold, but it is far from reaching the crazy price of 100 taels.
So HSBC has a net loss of more than half anyway, and they have too much silver from London and India, and Britain is okay to say, people are on the gold standard, but India, like China, is on the silver standard, and Sassoon is deeply entrenched in India, and a small half of the silver they used to raise the price of gold this time was taken from India.
More than a billion taels of silver, even if only a small half is siphoned off from India. That will also have a big impact on the Indian market, but Yang Chao heard that prices in India have recently begun to plummet, and there has been serious deflation, which is under the pressure of the British government. The colony has not collapsed yet, but if it drags on, the Indian economy will certainly not be able to hold on.
Therefore, the Sassoon family is also eager to transfer silver from the Chinese market back to India to save the market, otherwise India will collapse and the foundation of the Sassoon family will be destroyed.
But they didn't think of it. The price they proposed was 150 taels, but Yang Chao didn't accept it.
"120 taels? Well, I admit that you guys are very sincere. But I still don't accept it, if you want to, I can close the position at 80 taels. More than 80 taels of silver, and I will lose money. ”
Yang Chao personally negotiated with HSBC this time, and there was no need for him to kill HSBC, and even intended to let HSBC go, after all, HSBC had fallen. The impact on Shanghai's economy is too great, because of the soaring gold price during this time, it has caused chaos in the market, and Yang Chao does not dare to let Shanghai collapse for the sake of the overall situation.
HSBC shrugged sensibly and looked very arrogant: "Okay, within three days, HSBC will withdraw 5 million taels of gold, I believe this will make Yangzi Bank reconsider our proposal." ”
At the price of 120 taels, HSBC only earns two layers of profits. In their opinion, this is equivalent to letting Yang Chao go, but they didn't expect Yang Chao to still appreciate it.
Do they really put their hopes on the Americans, but according to the information they receive. Morgan's bombastic cruise ship was fast, but it would take at least 10 days to reach China, and within 10 days HSBC would be able to withdraw all the gold from Yangzi Bank, causing Yangzi Bank to collapse, and then they would seize Yangzi Bank and seize all the silver that Yangzi Bank sold for gold. Then they will recover all the silver through liquidation, but in that case, they can only settle at the current market price of 100 taels, and the profit is not so big.
"It's only 5 million taels of gold. Do you want to redeem the gold dollar coupon in your hand at one time? ”
Not to mention three days, the next day, in front of the three-storey HSBC building south of Shanghai Customs, a huge airship landed on the lawn, more than 500 soldiers protected the airship, and then boxes of gold were moved out.
In the manager's office on the third floor of the HSBC building, Yang Chao held a glass of red wine, leaned against the window, and looked at the blue-faced Jacob Brown. Ilias. Sassoon said that he is the grandson of Sassoon Sr., and his father is a member of the Sassoon family, which is responsible for developing the Chinese market, and he will be in charge of China affairs after his father's death.
"100 taels of silver, we are willing to close the position!"
Sassoon III gritted his teeth and said, 100 taels of silver, they are planning to reconcile with Yang Chao.
Yang Chao shook his head: "80 taels of silver, otherwise you will wait for bankruptcy." ”
80 taels of silver and a tael of gold, Yang Chao made a net profit of two layers, and he also planned to let the Sassoon family go, at this price, Sassoon only lost three or four billion, and there was a London banking group to share, Sassoon could still survive, but the price of a load of gold collapsed, and the price fell to 37 taels in the past, even if it was 40 taels, Sassoon's net loss would approach 1 billion silver, even if Sassoon was sold, they would not be enough to compensate.
Sassoon III was still unwilling to admit defeat at this time: "Hmph, you underestimate the Sassoon family too much, even if you can accept it?" ”
Yang Chao sighed: "Okay. At a time like this, does HSBC still have the capital to raise the price of gold? Is there still capital to continue to buy gold? In this case, I don't need to say that HSBC will sell gold, even if it stops buying, the price of gold in Shanghai will plummet. Whether the name HSBC will exist in Shanghai in the future, the official does not dare to guarantee it. ”
Where did Sassoon III not understand this truth, he already knew that when Yang Chao came up with enough gold, he had already lost, not to mention the American banking group that was eyeing him.
Now they can't bear it, the Americans send a thousand tons of gold to China, and they can't eat it, and now there is not much gold on the Chinese market, and the market doesn't seem to have collapsed, but once the Americans come, it will collapse, and Sassoon will be wiped out.
But if Yang Chao is promised, Sassoon will have a net loss of 400 million taels, although it is not necessary for the Sassoon family to bear all of it, but their Sassoon family has invested half of the funds this time, and it will have to lose at least 200 million, which means that the Sassoon family's half a century of operation in China has been all lost. (To be continued.) )