in the office.

Abel and David Mellon have the latter kind of conversation, because Smith Capital has been related to the long-term holding and investment of gold futures and spot gold.

Because he is a reborn, even if he has no talent, Abel knows that after entering the new century.

The price of gold has never really fallen, and it has gone through a long long white candle for more than 20 years, from more than $200 before his rebirth to an exaggerated level of nearly $2,000 after his rebirth.

As one of the largest futures markets in the world, there are so many investment opportunities in it.

Like foreign exchange and oil, gold has always been the main investment direction of Smith Capital.

And this kind of investment has been played for a long time, and many times it is time for futures to be delivered. Because Abel felt it was appropriate, many of Smith Capital's investments also changed from futures contract trading to serious gold spot futures trading.

It is simply buying and selling futures contracts, which has become the transportation of gold to one's own bank vault and storage......

Especially at the beginning of this year, taking advantage of the turbulent hot events in Europe and the hairy bears.

Smith Capital, under the command of Abel, engaged in a wave of gold hedging operations.

At least one-third of the $42 billion profit in the first half of the year was earned from it.

After the investment was profitable, Abel gave David gold bricks directly when he rewarded them, and now he casually mentions it for this reason.

At this moment, David looked at Abel's signature on the document and saw the huge amount of prize money next to his name, and he was really happy.

Truth be told, the boss's generous gold giveaway at the beginning of this year really excited everyone in the company, and it even made the news and newspapers.

The mountain of gold, which weighed several tons, was built into a small mountain, and I don't know how many people's eyes were blinded.

However, gold is beautiful though. However, compared with BRICS, I believe that more people still prefer cash checks that can be spent immediately.

"Haha...... Well, if you like it, if you like. Abel shook his head with a smile, then raised his eyebrows and asked, "By the way, what about my gold?" ”

"In accordance with your request, I have bought all the profits made from the gold hedging in February at a low price, adding more than 700 tons of gold, worth about 200 billion 200 billion US dollars. Moreover, gold prices rose their most in a week yesterday after the dollar saw a rebound in seven days, leading to higher safe-haven demand for precious metals. The U.S. dollar has been on pressure for several weeks now. If this is the end of the rally, gold prices will start to rise again. ”

“…… Gold futures in New York rose $7.30 yesterday, while the United States and the United Kingdom closed at $494, the biggest increase since March 16. According to the research department's analysis, the rally in gold prices will continue to expand after new home sales in the United States may decline in May and personal spending growth is less than expected, forcing the dollar to weaken further and pushing up demand for gold as a safe-haven destination. ”

“…… Gold has risen by 9% since February in the first half of this year, indicating that the US economy may have a recession......"

After listening to David Mellon's report and analysis on gold, Abel frowned slightly and nodded, no one knows the trend of gold better than him.

Even he himself is one of the largest bookmakers in the international gold market.

"I still firmly believe that the general trend of gold in the future is to rise, and there may be many twists and turns in the process, but the upward trend will not change, in this process, you must continue to do a good job of hedging, or as usual, the money earned from gold will continue to be invested in gold."

"Understood." David Mellon nodded in response, "Indeed, the concentration of large amounts of gold by central banks around the world shows that the value of gold as a store of value is increasingly emerging around the world, which is an important positive for long-term gold prices." ”

"In the context of growing concerns about the depreciation of the dollar, countries . In the first half of this year, the central bank has bought a total of about US$28 billion of gold, equivalent to 890 tons, at an average price of US$478 per ounce, about 15 percent higher than the gold price at the beginning of the year, and 12 percent lower than the current gold price, basically in the middle of the middle. It's also the global central government. For the first time in 20 years, the bank became a net buyer of gold. ”

"Specifically, gold buyers are mainly emerging market countries, and the time to buy gold has been extended from the beginning of the year to the present. And the sources of selling gold are varied. Among them, the largest transaction came from the IMF to the China Central Committee. 200 tons of gold for sale. In addition, some central banks in Europe also acted as the main force for selling gold, and the time for selling gold was mainly concentrated in March. However, they are mainly sold to Ah San. Ah San and the Chinese people have always been the main buyers of international gold. ”

“…… As for the 890t net purchase by central banks around the world, we believe it shows that gold's value as a store of value is emerging around the world, which is a significant positive for long-term gold prices. Gold is highly likely to hit $600 in the next 18 months. In 2004, the total amount of gold purchased by central banks and the amount of gold purchased by central banks are likely to increase further. ”

“…… Around 2,500 tonnes of gold are currently mined globally each year, in addition to gold from industrial recycling and scrap gold products. Especially Huaxia, recently their country. The SAC said that in order to cope with the downward trend in the US dollar, gold reserves should be significantly increased, and we believe that their recommendations show that they are seriously considering how to prevent their US dollar foreign exchange reserves from shrinking due to depreciation, but if they buy gold in large quantities for a long time, they will soon run into the constraints of their existing supply, and if their gold reserves are increased tenfold, they will have to add an additional 1,000 tonnes per year on average from the calculations alone. ”

"This will inevitably lead to a sharp rise in the price of gold, which will inevitably lead to the continued depreciation of the dollar and accelerate the decline of the dollar as the global reserve currency."

David Mellon's words, Abel was not surprised to hear this.

As one of the people in that country at once, he knew that the importance of gold there was only below Ah San.

That's right, the most popular country in the world to use gold is not Huaxia, but Ah San...... At the consumption level, Ah San is the world's No. 1 gold consumer.

But Abel is well aware that in terms of long-term policy and persistence, all the governments in the world combined are not as sustained as the eastern powers.

Long-term investment in gold will be an important national policy for the next major eastern powers.

"Hehe, isn't the depreciation of the dollar the result we like to see the most? Because the depreciation of the dollar means that the gold in my hands appreciates, especially for the euro, and for the blow to the European financial market, it is the best help for us hunters! Abel smiled happily.

In fact, even the U.S. government is now happy to see this happen.

The official emergence of the euro and the rise of the European Union are now the first targets of the United States.

It may hurt itself, but it can also hit the euro.

The United States, even at the national level, supports this situation.

What the boss in this world must do is to strike at the second child who may challenge his position. Now the red bear is dead, the hairy bear is weak, and the big eastern countries are still selling cuteness.

A united Europe has become America's biggest challenger.

Naturally, the Americans will spare no effort to crack down on them, and they will use all kinds of methods, from justice to finance to economics to public opinion.

"Indeed......" David Mellon nodded and smiled, then took out a folder from the side and handed it to Abel with a smile: "Boss, this is the equity power of attorney of five listed companies including Costa, and you need to sign and confirm." ”

"Oh?" Abel took the document, looked at it with a puzzled look, and soon looked at David Mellon with some tears and laughter and complained and ridiculed: "Is this considered a stock speculation, and finally I became a shareholder, hehe, and a major shareholder?" ”

Hearing the boss's complaint, David Mellon laughed out loud and explained with a smile: "Boss, the performance of these five companies is very good, and the prospects are also good, so we will increase our attention and enter their boards of directors to better supervise." ”

"Huh, huh? Okay, if it's really good, then nibble and swallow them. Abel said while holding the pen to sign his name, and looked at David Mellon with a smile showing a mouthful of white teeth.

After speculating in stocks and becoming the chairman, after the amount of funds is large, this has become Abel's daily life.

Now, if you go back to the bottom, he is the largest shareholder of more than 150 listed companies, an important shareholder of more than 300 listed companies, and the chairman of more than 50 listed companies......

In fact, this is also the norm in the U.S. stock market. Thousands of listed companies in the U.S. stock market, the major shareholders can be traced back to the end, and many times they are the same people.

It's either Rockphil, or Mahogun, or First Citi, or the California consortium......

Now it's just more of him Smith.