Chapter 437: Gold Bonds (1)

At the counter of the head office in Jiangning, there is an endless stream of people exchanging gold and platinum, as if some famous store is selling freshly caged bread. 【】

A year ago, an old middle-aged gentleman or lady stuffed strips of gold and platinum into his personal pocket, like a kangaroo - the exchange quantity of Jiangning Bank was 10G, which was only 2,500 yuan of gold or 3,200 yuan of platinum.

Gao Qiu looked at the crowd in the queue and was anxious, and opened three counters in a row in anticipation of ending the queue, so as not to let more people see the run behind. Whether it is a bank official or a banker, what they are most afraid of is a run, which is simply bloodsucking.

And on the issue of the golden roll, Gao Qiu's thinking pattern is the same.

At the end of lunch, the assistant brought him today's report. The number "3.46 tons" made his pupils dilate.

"No, two sold seven tonnes of gold and platinum and recovered more than three tonnes. We're not a gold shop. After Gao Qiu finished talking to himself, he ordered: "Go and call, and call the people of the committee to come to a meeting." ”

The assistant didn't need to ask to know that it was the "Bond Committee", and more accurately the name was the "Precious Metals Bond Committee", most of the Jiangning Bank was busy working for them, and it was not the first time that President Gao Qiu was in a hurry. When the issuance profit dropped to 2.5 percent, he sulked in the office for a long time, muttering "young people now", and then scolded all the young people in the office. Of course, after the fire, Governor Gao was still mild-mannered, like a sturdy hippopotamus, seemingly docile but irritable, and well disguised in front of people.

Li Lao, Xu Weichu and Chen Yi arrived quickly, Fang Zhennan, like the rest of the Chen family, transferred the voting rights to Li Lao when he descended - Chen Yi has one vote or else, and there is also a certain balance within the family.

"Let Assistant Lu explain the situation to you, as we expected, the run has happened." After Gao Qiu greeted the three of them, he lazily sat on the tailgate. A run on the bank was the last thing bank officials wanted to encounter, and Gao Qiu, who was in the republic, thought he would never see it in his life.

Assistant Lu was thin and small like a bantam horse, he had a slight burden on his back from the spoon, as if he was always carrying a heavy burden, and his voice was also heavy: "In the past 50 hours, we have sold 5,012 yuan of bonds, and the sale has gone smoothly. For three consecutive hours, 1 billion yuan of gold bonds were sold in advance in the morning, and 1 billion yuan of platinum bonds were sold in the afternoon...... However, according to the statistics at noon today, in the past two and a half days, banks have recovered a total of 1.58 billion yuan, with a recovery rate of 31.6 percent...... The price is 250 yuan per gram of gold and 320 yuan per gram of platinum - that is, every 100 yuan of gold contains 0.4G of gold, and 100 yuan of platinum bonds contain 0.3125G of platinum, which is slightly lower than the average price in China, which is equivalent to the reduction of the sale of bonds......" Among the four members of the committee, only Xu Chengchu listened carefully.

This was to be expected, although it was unpleasant to have happened.

"Do they exchange more gold, or do they exchange more platinum?" Chen Yi asked with a deep groan.

"There's a lot of gold."

"The Chinese still believe in gold." Chen Yi smiled, flicked the table with his finger and said, "We have more platinum, this is a problem." ”

Gao Qiu didn't know if Chen Yi didn't understand the seriousness of the problem, or if he was really relaxed, he cleared his throat and reminded, "If there is platinum left to change the number." The problem is that at the current rate, 150 tonnes of gold and platinum will be sold out in less than two months. When the time comes...... Our debt commission is about to come to an end. ”

Chen Yi thought to himself that after two months, the efficiency of bacteriological metallurgy would be increased by four times. The monthly output is more than 80 tons, as long as you are not afraid of digging up the veins, there will never be a sell-out.

Of course, the reason he put forward on the surface was: "Jiangning's consumption of gold and platinum is limited, even if everyone has money, they won't all be exchanged for gold and platinum and hidden, right?" At the beginning, it was normal to exchange more money, but in fact, it was okay to exchange it all for gold and platinum, but they couldn't always use gold to consume, and in the end, wouldn't they have to take our gold rolls to buy items in the market? ”

Chen Yida had this idea, flooding the market with gold and platinum.

Of course, if you analyze the supply and demand situation, too much precious metal may reduce its price. But in the broad world of truth, precious metals are at the heart of value. Neither the US dollar nor the yuan ...... Therefore, when the price of gold rises, people do not say "the price of gold rises", but "the depreciation of the dollar" -- in contrast to the rise in the price of oil, people say "the price of oil rises", and at most add the sentence "caused by the depreciation of the dollar".

This is because precious metals are inherently scarce, but they are considered scarce.

Therefore, as long as Chen Yi provides a sufficient amount of precious metals, whether it is 150 tons or 150,000 tons, as long as it is used as currency, the world can eat it, and the world is willing to eat it.

Before the U.S. dollar dominated the world, gold and silver were the settlement currencies of the world's transactions until the 70s.

The fact that bad money can drive out good money does not mean that good money is cornered, as long as good money can be supported, it will be good money that wins in the end.

It's just that Gao Qiu didn't believe that Chen Yi could come up with an unlimited amount of precious metals.

His reasoning is also very clear, the world's production of precious metals is transparent, 150 tons of precious metals is already staggering, where will there be more.

So he said to Chen Yi in a popular science tone: "Tens of billions of precious metals are enough for ordinary people in Jiangning, and our annual gold consumption in China is 400 tons." The question is what other banks and insurance companies are there for the jewelry companies, industrial conglomerates, and insurance companies that can't buy gold...... They're all staring. 150 tons of precious metals, at most they burped. "Let them eat." Chen Yi's answer was scoundrel and helpless.

Gao Qiu cried and laughed: "Then they finished eating, what should we do?" ”

"I said, provide 20 tons a month, at least 5 billion yuan. Save a little and stick to the past month, and the supply of precious metals will increase. ”

"Will it be promoted?" Gao Qiu didn't know where the precious metal came from, which was obviously beyond the scope of his cognition, and his face showed a thick hesitation and worry. Jiangning Bank was forced to participate, but once it participated, it could not be withdrawn.

The conference room was silent for a few minutes, and it was still Gao Qiu who said: "I still have a question, what if the country makes a move and pays to exchange our gold and platinum?" ”

Li Lao and Xu Chengchu immediately turned their heads to look at Chen Yi.

The latter chuckled twice and said, "Then I will sell the gold and platinum." ”

"Sell?" The high ball was inexplicably surprised.

Chen Yi nodded matter-of-fact and said, "Our main task now is to boil it." Let's always familiarize everyone with the rice wine bonds. Don't rush it, the longer you stay, the closer you get to success. ”

"Precious metals will be consumed."

"I would like to do a replenishment of precious metals, as long as we control a certain amount of circulation, we can support it." Chen Yi made a small promise, and his chest was slightly hot.

The current Western Continent is like a happy America in the colonial era, with amazing reserves of various precious metals, and the magical mountain is at least 10,000 tons. In view of the difficulties and pollution of gold and platinum smelting, the main mining method of Xijiang Shuizhai is bacteriological smelting.

According to Zhou's design, the pool can process and produce 20 tonnes of gold or platinum in the first month, 40 tonnes in the second month, and then 80 tonnes and 160 tonnes subsequently...... The annual production of 1,600 tonnes of gold and platinum is like a play.

1,600 tons of gold and silver are officially mined annually in Spain per week.

Because of this, the insufficient amount of precious metals that Gao Qiu is worried about is actually Chen Yi's strategic investment method. This was also the driving force behind the idea of currency issuance.

However, when he really came up with the idea of establishing a precious metal currency, his attention was diverted.

Compared to the establishment of a monetary system, hundreds of billions or trillions of yuan are just idle.

The private banks and institutions that established the Federal Reserve back then did not know how much benefit they received as the United States developed. Although China's national conditions are special, the Chen family's status in China is not necessarily lower than that of the Fed's founders in the United States...... The test of the water in the Jiangning area is already in the eyes of the country, but as long as the old man does not fall, they have to follow the rules of the game...... Even if he really broke the rules, Chen Yi, who already had 5 magic knights, didn't mind playing the game in a way that broke the rules.

The old man, Chen Zhongguo, also did not care whether Chen Yi undermined China's monetary system or wanted to replace the central bank. In fact, if he can return to the Politburo, then one-half of the power to go up is much heavier than the power of the central bank, in other directions, Chen Yi's quiet test of the monetary power is also a heavy weight for his grandfather to return to the political arena.

If it really does, Shangfeng will have to come up with a power game, and if it fails, the Chen family will have almost no loss - the banknotes obtained from bond sales are real. With this money, Chen Yi can continue to expand the martial arts hall and the Western Continent again.

Li Lao estimated that he had been instructed, and seeing that Gao Qiu's attention was still on the bank run, he said to the mud: "Why don't we set up a window to recycle precious metals?" ”

"Won't it seem like we're underwhelming?" According to the run theory, no matter how big the bank is, it will not be able to support the run, and the important thing is to build people's confidence.

Chen Yi clapped his hands and agreed: "I can't build a recycling window, I have a place to go to the money I received, they ask for recycling, we don't have the money to recycle, that's the real trouble." ”

Old Man Xu finally understood a little, and asked with less peace of mind: "Governor Gao just said that banks and insurance companies will also buy our gold?" ”

"Insurance companies are doing long-term investments, and precious metals are preserved, so they are willing to buy them."

"Find someone to warn you, and so are the jewelry companies, so you can't buy them."

Gao Qiu's market economy's brain froze and said with a smile: "How can it be done?" ”

"Why not? Everyone understands, I will find someone to warn them, now to exchange gold and platinum, that is, to demolish our old Chen family's platform. ”