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Chapter 140 Gold Bubble

In April last year, Johnson-Johnson invested all his funds into the gold futures market. Except for the oil futures controlled by Stephanie of France, all the funds were invested in the tide of speculation on gold.

The price of gold in 1979 was like a wild horse that broke free, galloping up. Gold hovered from around $250 at the beginning of last year, until July 18, gold prices broke through $300/ounce on October 1, gold prices broke through $400/ounce on October 1, and exceeded $500/ounce on December 28.

On January 16, the US government no longer used the method of reducing its gold reserves to stabilize the gold price. Since then, the gold price rose by $30/ounce in half an hour, breaking through $700/ounce to reach a high of $715/ounce. On January 18, the gold price broke through $800/ounce. On the 21st, the gold price hit a high of $850/ounce.

Hot money from all over the world has flocked to this wave of gold prices, pushing the gold price up continuously.

Lin Johnson invested in the construction of automobile factories and spare parts production bases in China. Fortunately, the money was not invested at once, leaving him with a lot of buffering time.

Lin Johnson has spent more than half of the $300 million borrowed by him, and there are still $100 million. In addition, the $140 million earned by stock trading last year, a total of $240 million. He raised $12 billion with 50 times leverage, and has invested in this wave of crazy rising gold prices!

Fortunately, John Berger is very popular in the capital operation industry, and Lin Johnson has also gained a lot of fame in the American financial industry. Otherwise, Lin Johnson would not have been able to raise so much money!

Futures are very risky and inadequate in operation, which may lead to a huge position and no penny left. John Berg operates so much money and is like walking on thin ice. His team has 7 futures operators who have experienced many battles. At the beginning of entering the market, John Berg formulated trading strategies, implemented medium and long-term operation rules, restrained the impulse of short-term operation, tried to avoid full position operations, adopted one-third of the position, and at most half the position operation. He also tried to avoid interference from investors.

However, the closer it is to the final climax of gold futures, the more Lin Johnson will actually participate. Otherwise, John Berger will not know the future trend and will inevitably bring huge losses to Lin Johnson.

Because the US government will not turn a blind eye to the surge in gold prices!

As early as January 15, Johnson Lin asked John Berger to ship quickly when the gold price reached $850 per ounce.

Because the market is generally optimistic that gold prices may continue to rise, and because the US government no longer stabilizes gold prices. In the New York gold futures market, there are trillions of trading volumes every day, and countless hot money is rolling in it.

When the gold price reached an all-time high of $850 per ounce on January 21, Lin Johnson quickly ordered John Berg to ship, without any room for negotiation.

Even though John Berg felt that gold prices might rise and could follow the trend for a while, he felt that such a high price was the last glory and was ready to withdraw immediately when the market was unstable.

Since Lin Johnson agreed to withdraw from the market, John Berg would go with the flow and keeping the existing fruits was the greatest victory!

He led the team to ship the goods quickly and put a large number of orders into the market. Before the closing of the afternoon, their orders were eaten by others!

It can be seen how large the capital scale of the New York gold market is at this time. Selling tens of billions of dollars is not much different from Xiaolanghua!

On January 22, 1980, US President Carter announced that he would maintain the United States' position in the world at any cost. Carter's statement on gold prices played the finale of the round of gold prices. As a result, the gold price plummeted by $50 per ounce that day. Countless market investors were shocked! They were hesitating whether to withdraw from the market and guessing how determined the US government was.

Lin Johnson, who ran away first, was overjoyed when he saw this situation. He knew that $850 per ounce was the highest price in history, and he won the victory and escaped before the big drop came!

The Carter administration's statement is undoubtedly extremely serious, and the United States also has the ability to suppress the gold price! If the gold price continues to rise, it will undoubtedly threaten the international status of the US dollar, and many countries are selling US dollar reserves of gold. The US government can no longer allow the gold price to rise.

Carter's statement and the financial policies of his successor, President Reagan, prompted a bear market that lasted for more than 20 years. The US policy dominated the global gold price, and gold prices continued to be sluggish, and in 2001 it returned to the level of $250 per ounce.

At this time, Lin Johnson had already withdrawn all his funds from the futures market.

In John Berg's office, in order to express his gratitude to John Berg and his operating team, Lin Johnson gave the promised rewards, each of whom was rewarded with millions of dollars, and he personally delivered the check.

“wow!!!”

Soon, cheers rang out from outside the office. This was the cheers of futures operators, and they were lying at the door, listening to the conversation in the office.

Yesterday, some people may not understand why Lin Johnson ordered clearance when everyone was optimistic. But this morning's Carter declaration that the United States was determined to suppress the gold bubble, and the gold price immediately fell sharply, falling by $50, which suddenly proved that Lin Johnson's decision was correct. Before the gold price plummeted, when most people in the market did not react, he won the victory at the highest point.

$850 per ounce, maybe it’s really about to become a symbol of gold history! A miracle!

Lin Johnson withdrew from the gold futures market and received more than 39 billion US dollars, even if the financing and interest were removed, he would have more than 26 billion US dollars. Such brilliant results could not make everyone excited! Just the bonus promised by Lin Johnson, everyone can join the ranks of millionaires!

The story of Lin Johnson has become a financial myth on Wall Street. His capital reached tens of billions of dollars in just under a year. He instantly compared Jobs, Bill Gates and others.

The Wall Street Journal's intelligence network is spread all over Wall Street. Even they heard about the history of the "Oriental Investment Boy" making a fortune and wanted to open a column interview for Lin Johnson, but Lin Johnson refused.

The Wall Street Journal is good at attracting the news it wants to report through characters and stories and winning the interest of readers.

Lin Johnson doesn’t want to become a household name. His chassis is still unstable and he needs to be low-key! Low-key is the king!

Lin Johnson looked at Ryan as he walked in with a wine tray. John Berg shook his head, picked up the check on the table and walked out with a smile.

Ryan looked helplessly at Lin Johnson's look up and down in her figure, holding wine with one hand and protecting her breasts with the other, "Lin, don't come over! I haven't thought about it yet!"

Lin Johnson smiled and said, "Lian, I want to drink!"

Ryan glared at Lin Johnson with a red face, handed him the wine glass in anger, stuffed the bottle in another way, and said dissatisfiedly: "It's all yours!"

"Haha" Lin Johnson smiled, stood up and hugged Ryan in his arms, looked into her eyes and said, "Baby, after you leave me, I can only eat takeout now!"

Ryan refused Lin Johnson, his big eyes were particularly moist, and he said with a light smile: "I thought Chinese people could cook."

Lin Qiangsheng kissed him, Ryan struggled for a moment, and soon she gave up resisting. She couldn't help but hugging Lin Qiangsheng with both hands and drilled into his arms.

So, Ryan returned to Lin Johnson. As a mature woman, she was full of enthusiasm.

In the villa, the two of them almost melted together, I don’t know you and me.

Lin Johnson returned the $12 billion back, and then removed the interest and handling fees. He still had a total of $25.8 billion in funds. These funds could not be allowed to lie in the bank. Lin Johnson continued to entrust the funds to Johnberg and asked him to operate oil futures.

In addition, he ended his entrustment relationship with Stephanie and returned the loan from France. It was $3 million when it was invested, but it turned out to be more than $7 million when it was withdrawn.

Over the past 1979 years, oil futures have always fluctuated around $13 to $15 per barrel. Being able to make money has proved Stephanie's ability.

On the phone, Stephanie complained to Johnson Lin, "Lin! Are you not satisfied with my job? It was the last time I made you dissatisfied with the stocks? Please listen to my explanation. Before you, I just became an investment manager, so I was very unfamiliar with the plan you proposed! I have always regretted it if I heard about you at the beginning."

Lin Johnson smiled and said, "Stephanie, I want to concentrate funds and disperse operations at both ends. It takes too much energy to distribute them! Our entrusted relationship doesn't need to be terminated. I would like to ask you to be my investment consultant, but I hope you can pay attention to industrial information for me. I have found a better candidate in finance!"

Stephanie sighed inwardly, and at the same time she felt much more relaxed, as long as she did not lose this big customer.

Although her main business is financial investment, no one knows how long this will last. Moreover, women's career period is very short, and financial investment risks and pressure are high, so it is also good to have other development directions.

Oil futures have risen in 1980. Lin Johnson knew that after the outbreak of the Iraq-Iran-Iraq War on September 22, Iran and Iraq completely stopped exporting oil. The second round of world hoarding will break out. By then, there will be no time to expand crude oil storage on land, and supertankers will be used directly as floating warehouses.

Oil prices began to soar in 1979, from $13 a barrel to $39 in early 1981.

It is currently at the end of January 1980, and the current price is US$14-15, and there is still a lot of room for growth.

John Berg still adopts a medium- and long-term investment strategy. His personality is like that, not a short-term operation. Therefore, investors with less money can't bear this person's investment style. They can be beaten to death on the beach with a big wave.

In order to avoid being blocked, John Berger formulated a number of protection strategies, such as investing in groups and using dissatisfied positions. He also did this medium and long term. On the basis of happy cooperation between the two sides, Lin Johnson's huge funds entered the oil futures market after the withdrawal of the gold market. (To be continued...)

Chapter 140 Golden Bubble:
Chapter completed!
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