Chapter 851 The Game of Money Money Never Sleeps (3/9 Supplement)
The feasibility of Alvetre's proposal is undoubtedly very high, and the so-called spot gold is a reflection of the gold price in the market at that time, while futures gold is a reflection of the future price of gold.
Futures have also evolved from spot. Spot trading is the subject matter itself, while futures trading is standardized contract. When futures gold becomes spot, it is delivery. Some fees will also be incurred during the delivery process, such as transportation fees, taxes, labor fees, etc., so spot is a little more expensive than futures.
Spot gold and futures gold influence each other, which mainly depends on the price difference and supply and demand. To put it simply, one ounce of gold is 100 yuan in spot, and 1,000 yuan in one month later. Those who buy will definitely be willing to buy spot, and those who sell will definitely be willing to sell futures. Therefore, the spot price will rise. Some people buy but no one sells the supply is in short supply and demand naturally rises; while futures prices will fall, and supply will naturally fall.
The price of spot gold transactions is generally based on the price of gold in the London market. The London market is divided into pricing transactions and quotation transactions. The gold prices in gold markets around the world refer to the pricing level of the London market and are then determined based on the market supply and demand conditions.
In this way, Andy's subordinates in London suppress the price of gold futures, and the price of spot gold will rise. At the same time, Andy used spot gold in the United States to impact the gold market. When 172 tons of gold poured into the market, the market will experience a brief saturation, and supply and demand will shift, and the expected price of gold futures in the future will fall.
After all, there is so much gold in the market nowadays, and it’s cheaper. Who is he going to buy spot gold that will be delivered in February 2008?
Of course, if Andy wants to affect the entire gold futures market, the power of the boom is still slightly weak, but it is still no problem to temporarily fluctuate some profit margin. This time, he will inevitably risk increasing the multiple of leverage. If tens of billions of dollars continue, even if there is a price difference of one dollar per ounce, Andy's net worth will increase by hundreds of millions of dollars.
Badstone and Alvetlei began a discussion of details, and then felt that the brainstorming would inevitably have some limitations in their power. Al stood up and walked out of the office and gathered his subordinates.
"Let's go, let's change the place and go to the conference room." Andy knew that in this local battle, to be beautiful, it was necessary to concentrate everyone's intelligence and the joint cooperation of all subordinates.
Andy took off the suit from the hanger and put it on, and walked out of the office with Budstone. He saw several subordinates who were wearing shirts and tiees who had long been unknown where to go, were scolded by Al with a look of anxiety.
"10 minutes, let all the bastards sort themselves out and come to the conference room! Now!"
Seeing his awkward subordinate turning around and leaving quickly, Andy walked to Al and smiled, "Al, it's rare to see you get angry, what's wrong?"
Al blushed a little, looked at Budstone who seemed to be conscious with excitement, and said with some depression: "This group of bastards... go to the city of Liberty downstairs, Bud, can you calm down the damn bastards?"
"Ahem, I'll go down and take a look..." Budstone naturally knew what the guys under his command who looked like human-shaped self-propelled artillery all day long and were doing now. He coughed a few embarrassingly, and wanted to turn around and go downstairs.
"Hmm? Let's go down and have a look..."
"No need, I'll handle it, boss."
"Don't go."
Andy looked at the two subordinates who said they could stop him at the same time, and immediately realized something. He couldn't help but shake his head and laughed: "Then forget it, let's go to the conference room to wait."
Badstone immediately turned around and went downstairs, looking at the already smoky office hall with some anger, champagne, smoke, various perfume smells, bikini beauties walking everywhere, all kinds of unrestrained lang laughter, and women's screams...
"These bastards!"
When Badstone saw that the Gaia company people began to pull away some of the still sober guys, she could only push some beautiful snakes wrapped around him, and found her deputy who was burying his mouth on a woman's belly while drinking while pouring champagne upwards.
"Okay, find out the guy who is still awake, and you have to do something. I'll give you 10 minutes to gather in the conference room upstairs..."
The deputy with the shirt with wide open collars saw that it was the boss who was in the immediate head. When he heard that the boss was going to have a meeting, he immediately put down the champagne. He pushed the woman's head away under the table with a little embarrassed expression and began to tidy up his pants and shirt.
Badstone had long known about the nonsense of these bastards. After all, this year, the whole of Wall Street knew how crazy this group of newly emerging young people were, making money, and playing even more crazily.
In the conference room, Andy was leisurely wandering on the boss's chair, and said to Al with a smile: "These guys often make such a fool of themselves?"
"They usually hold parties in an underground bar in the Hesweethe Art Gallery not far away, which is their gathering." Al didn't care. After all, this is Wall Street culture. If you want to gain a foothold in such a bloody environment, don't think too much about the unbearable psychological pressure and competition. Every person with a financial dream and ambitious mind will try his best to indulge themselves and relieve the tense heartstrings.
"Haha, money never sleeps! I like it here..." Andy reached out and patted the table, stood up, walked to the floor-to-ceiling window, and supported his hands on the floor-to-ceiling glass, looking down at the festive atmosphere, but slightly desolate Wall Street.
At this moment, the door of the conference room was pushed open, and each of them looked a little embarrassed, with a bright big back and a little wet head. The financial elites quickly found their place with their folders and sat down. The other two were tucking shirts around their waists while running into the conference room. They had no expressions of shame or embarrassment at all. Instead, they raised their eyebrows to familiar people and communicated silently.
Andy did not look back at his subordinates, but still looked at the dark scenery outside the window. After the entire conference room became quiet, Andy turned around and focused her subordinates on him for a week, walked to the main seat and sat down, and said to Al: "You can arrange it."
"The first group, responsible for contacting Bank of America, is to redeem the mortgaged gold.
The second group, sorting out and analyzing the trend of gold futures in February next year and the parties involved in the funds...
The third group woke up the people in London and told them that we were going to fight a golden war and needed their specific ammunition reserve data...
The fourth group is to cooperate with the traders of Freedom City.
The negotiation team contacted Merrill Lynch and told them that we were interested in the shares of Bloomberg in their hands and contacted them, and it would be best to let them give up or postpone the release of the details of the sale of this asset..."
Andy listened to Alvetre's introduction to his subordinates about the results of the discussions between the three of them in the office. From the green eyes, he did not see the timidity, but was more excited. These guys were ambitious and wanted to do some big things on Wall Street to make themselves successful.
What's more, the young boss who was sitting on the main seat and smiling calmly had just given out a dividend of 160 million. The people from the think tank had already received a check for the year-end dividend. Everyone knew very well that the billionaire he served was definitely a generous boss, of course, the premise was that he could bring him profits!
Chapter completed!