Chapter 685: Is a Hundred Times More Cowardly?

"Ahem..." Now Li Zitao was frightened, and he opened his mouth four to five hundred times. Brother, are you crazy or drifting away?

Rubbing his temples lightly with his fingers, Li Zitao suddenly wondered why Barclay was so enthusiastic all of a sudden.

"Is it too high?" Li Zitao asked pretending to be innocent.

"This is trust in you, Charlie." Andrews said with a smile.

100 million, 500 times, "I'm afraid my photo will appear in the black market, hang a red reward amount!"

Thinking of this possibility, Li Zitao felt that it would be better to be on the safe side, just come and have fun at 100 times, and the debt with Morgan has not yet been settled, and it would be too high-profile to attract attention.

"100 times, time...2 months." With 100 times, the risk is acceptable to Li Zitao, and he is still not suitable for too crazy rhythm.

Besides, few people dare to use 100 times, which is not considered cowardly!

"Don't you think about raising it?" Andrews asked again, as if he especially hoped that he could increase the leverage ratio.

"No need, 100 times is enough, what is the margin ratio?" Li Zitao said with certainty.

The more enthusiastic the other party was, the more careful he was, but the Great Depression undoubtedly proved that his memory was correct. It would be a pity to let go of such a good opportunity to make money.

In two days, it will be the end of the month. If I remember correctly, it will be the beginning of November. Huaguo will announce its departure from the silver standard and the implementation of a new currency system.

In fact, this aspect did not have a big impact on the price of silver. Then Washington announced that it would stop buying silver, which was the reason for the sharp drop in silver.

The reason why Washington stopped buying silver was to force Huaguo to peg the French currency to the US knife and let it join the US knife group.

This stoppage of purchases is inevitable, because if Washington continues to purchase, Huaguo will have enough silver in the market to exchange for foreign exchange and successfully join the British Pound Group.

This is related to the future status of the United States, the interests in the Far East and the international status of the United States. Roosevelt will never let the French currency join the pound bloc.

After negotiating the margin ratio was 11.9%, Li Zitao left the rest to the think tanks, who knew more about it than he did.

"If I remember correctly, the value of this transaction will double." Li Zitao pulled his cuffs, thinking; should he get some more good watches for himself.

Not to mention the drop of more than half in memory, even if it only fell by a third, he can still earn half of the Blue and White Chamber of Commerce, and this is cash!

Market cap is market cap, cash is cash.

Roughly calculated, Li Zitao's current worth is at least 5 billion, and the cash he can use is only 100 million. How many people are worth hundreds of millions, it is not a problem for him to spend 1 million.

In this regard, Li Zitao is no different from other capitalists. The only difference is that the debt ratio of the industries under his name is extremely low.

Skunk doesn't count, otherwise it would have been bankrupt with its debt ratio.

"If we can sell a few hundred more Universiade, the skunk's debt can be repaid." Thinking of this, Li Zitao became more interested in the inspection in a few days.

While Li Zitao was paying attention to his transactions, there were new silver orders in the New York market.

15 kg/lot, sold more than 5,000 lots.

On the second day, as usual, 30,000 lots were sold at 15kg/lot. The silver price dropped slightly that day, but was soon pulled back to the 80-cent line.

The number sold on the third day was less, less than 2,000 lots.

On the fourth day, November 1, 20,000 lots were sold.

Just when many buyers were wondering who it was, this account disappeared. It seems that the silver in the other party's hands has been emptied. Since this is the case, there is no need to pay attention to it.

Only Li Zitao knew that this was Mobil's shipment, and all 30 million ounces of silver were sold out, making a profit of more than 20 million.

On November 3, while waiting anxiously, Li Zitao finally heard the good news.

The Ministry of Finance of the Xijing government issued an announcement announcing the implementation of the legal currency system nationwide, and the cheating legal currency finally came to power.

This kind of reform has completely decoupled Huaguo's currency from silver, and is no longer subject to market pressure brought about by the outflow of silver.

However, the Xijing government lacks enough gold and silver to determine the gold content of the legal currency. Next, they should purchase gold and silver at home, and then transport them to the London Metal Exchange for cash in exchange for sufficient foreign exchange as an issuance reserve.

At that time, Roosevelt would not be able to sit still, and he would make a lot of money, close his position and leave the market.

The price of silver has fluctuated very little recently, being fixed at around 36p in London and around 80c in New York.

"Boss, this operation is too risky. Two levels of volatility will ruin your fortune." Ben was still complaining a bit while communicating with London all the time by phone.

These days, the cost of overseas calls alone is tens of thousands of yuan. The market is closed 24 hours a day, and the think tank is watched 24 hours a day.

Unless the signal is unstable and suddenly disconnected, the phone will be connected at other times, and changes at each point will be transmitted to the think tank through the other side of the ocean.

What makes Ben feel relieved is that so far there have been no 'small' fluctuations in the price, only 'tiny' fluctuations, which will not affect Li Zitao.

"If you also want to play, now is a good opportunity." Sitting beside him, Li Zitao smiled while pointing at the big plate drawn by the think tank.

"I've had people buy 160,000 lots." Ben said calmly.

The "getting rich overnight" in the Great Depression was a miracle that he will never forget in his life. Since then, Li Zitao has never touched the stock market again.

Now that he can speak in person, from this point of view, it means that he has absolute confidence.

Besides, it's only 1 million US dollars. If he really loses it, he will feel distressed for a few days. It has no effect on him. If he makes a profit, he will get rich.

"Just now you said I was taking risks... you bastard." Li Zitao stared at him dumbfounded for a long time before recovering and pointing at him and cursing with a smile.

"I trust your judgment." The corner of Ben's mouth pulled back.

"If you want to make money, just tell me...Since you've got the benefits, I'll leave it to you, it's hard work." Reaching out and pressing Ben's shoulder, Li Zitao turned around and walked out.

After staring at the club for several days, he was almost bored to death, and his heart was always up and down every day, so it's better to have a quiet time.

Since the issuance of legal currency was announced on the 3rd, the central bank announced the foreign exchange rate on the 5th. On the first day, it announced the legal currency against the British pound: 1 legal currency = 1 shilling and 2.5 pence.

In the next few days, the exchange rate of the legal currency was announced day by day, which was actually tantamount to including the legal currency into the British pound group.

"The British guys own a lot of industries in China, and the French currency has joined the British pound, and the economic relationship between the two sides has become closer...Roosevelt is very angry now?"

On the way home by car, Li Zitao laughed and talked to himself, but in his heart he hoped that Roosevelt would make a decision soon.

As the president of the United States, how can he be threatened by a silver group, and kill them quickly, "so that I can eat a mouth full of oil!"