Good morning, readers, I have adjusted part of the plot of the previous protagonist buying futures, and the specific changes and reasons are as follows:

Change: The protagonist buys three silver futures contracts, each with fifty lots, or a total of 15,000 ounces of silver futures, with a margin of $66,000, and the rest of the borrowing is used for margin calls later.

Reason: Because of the rules of margin, futures contracts themselves come with leverage, and speculators only need to take out the amount of margin to buy futures contracts that are several times the margin. In the silver case, the Hunter brothers should have paid 10% of the contract amount at the initial margin, and then the price of silver rose to the sky, and in the absence of a margin call, this ratio should have been maintained at 1%, that is, the $1,000 margin for each contract on the exchange and the margin required by the brokerage company.

Because the father of the Hunter brothers, Hunter Sr., was a fast-rising oil king after World War II, and also maintained the status of the richest man in the United States for many years between the 50s and 70s, and his entire family wealth was between 700 million and 2 billion US dollars, so the brokerage company should not require a high margin ratio for the Hunter brothers.

However, the identity of the protagonist is far inferior to that of the Hunter brothers, and there is no preferential treatment in the brokerage company, so I set the margin of $20,000 per contract for each contract, plus the margin of $2,000 per contract on the exchange, and the margin for each contract is $22,000.

Previously, the margin for silver contracts on the two U.S. futures exchanges was $1,000 per contract, but it began to rise in the second half of '79 and rose to $6,000 per contract in January '80.

This setting is still more reasonable, the protagonist's wealth line is also one of the highlights, I will try my best to find the information at the time, so that the process of Bill Ferrari's wealth accumulation is realistic, but because of busy work, there may be no time to check the information, or the understanding is not comprehensive, if there are errors or omissions, please let readers know in the comments.

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