Chapter 594 Conspiracy - Lin Yu made!

When everyone is not optimistic about banknotes, including banknote issuers, gold becomes a helpless alternative.《/

Some central banks have begun to buy gold. The World Gold Association recently announced that in the first half of this year, major central banks around the world increased their gold purchases, and the purchase volume in the first half of the year exceeded the whole year of last year. This year, the gold reserves of central banks in various countries increased by 203', with an increase of 76 tons in the same period last year. South Korea, Mexico, the Soviet Union and Thailand were important buyers this year. In 1986, governments generally reduced their holdings of gold, and now the wind trend has reversed.

Gold rises and economy goes down.

Gold has a clear correlation with the strength of the macroeconomics. Since the 1970s, gold has experienced two obvious upward cycles, one from the 1970s to the early 1980s. Another time, after the outbreak of the global financial crisis, gold was US$680 per ounce in November of 2011, and rose to more than US$1,600 on July 19, 2011. Previously, gold had been in a relatively stable stage of slight rise, from November of 2011 to US$680 8 years later, with an average annual growth rate of 1 kick. In the past two and a half years, the price of gold has grown by more than 408 per year. In the next ten years, when economic growth is strong, gold has been hovering at the bottom for a long time and cannot extricate itself.

The reason why gold rose sharply in the 1970s was very clear, with economic recession, monetary easing, and debt ratios. After two oil crises, the United States and Japan were in a state of stagnation in economic stagflation. What added fuel to the fire was that the United States withdrew from the Bretton Woods system, and paper money was free from the constraints of gold and had no limit to depreciation. At the same time, the debt of the US government accumulated at an astonishing rate, from US$1 billion in 1970, after doubling in 9 years, it was close to US$1 trillion.

The price of gold exceeded everyone's imagination and rose sharply. In 1973, the gold price rose past the US dollar/ounce mark, three times the official exchange price of 35 US dollars. In 1979, gold turned into a carp in the Yellow River and kept jumping on the dragon gate. In the first half of 1979, the gold price exceeded US$360/ounce, and then the integer mark was broken. By January 1980, the gold price was pushed to the historical highest price of US$852 before this round of price increases.

When the economy rises and inflation falls, the gold price will also fall. The iron-fisted Federal Reserve Chairman Paul Walker raised the federal funds rate to 1981 to 1983. In 1983, the U.S. inflation rate quickly fell from the previous average of more than 10%. When the recession cycle passed, the economy rose and the dollar appreciated, gold faded.

Now, global investors pay tribute to Mr. Gold again. In the post-financial crisis era, gold prices have been rising all the way, and recently reached a wild dance stage. Starting from January this year, gold rose from around $1,400 per ounce. Since then, due to the improvement of economic data, it has dropped slightly. However, when the US economic data fell again in early July, gold prices showed a rare eleven consecutive positive momentum after July 4, breaking through the highest ever $1,600. Although from a technical point of view, gold prices have requirements for a pullback, but in the long run, the rising pattern remains.

Although the U.S. debt ceiling has increased, people cannot forget the weak economic data of the United States. Global inflation has not declined due to Europe. The gentle interest rate hike of the Chinese central bank has declined. The same is true for the 1970s. The debt crisis in the United States rose wildly beyond people's imagination. According to the report of the U.S. Treasury Department, as of May 16 this year, the US federal government's debt owed to $1429 trillion has reached the statutory debt ceiling. According to the data of the U.S. Treasury Department, the current public debt scale of the U.S. federal government has exceeded 90% of GDP, exceeding the 60% warning line.

The prospects for economic recovery are unclear, the US dollar depreciates, and the growth rate of the US economy is much lower than expected. At this time, there is no other way, so I can only stand up and pay tribute to Mr. Gold again after the 1970s.

After the negotiation, Sandy Will left with a hint of excitement, a hint of hesitation, a hint of worry. For him, this war will surely be the largest war, currency war, a trade war, an oil war, and even a gold war, a series of actions involved, making the entire battle extremely complicated. If there is a negligence in one link, it will inevitably suffer unimaginable losses, and he needs to go back and prepare immediately.

Lin Yu looked at his disappearing back for a long time before sighing.

On October 1, 198, when China began to celebrate National Day, a sudden storm came to the United States. Suddenly, a major news came from the US financial market that the Soviet nuclear weapons would be tested in the eastern waters of Canada and the United States. At the same time, the Soviet Union was discussing tearing down the restricted medium- and short-range missile agreement signed by the United States and the Soviet Union in 1985.

At the same time, news of the EU and the Soviet Union signing a cooperation agreement came out, and the EU and the Soviet Union jointly deepened cooperation in the development of nuclear weapons and the peaceful use of nuclear energy.

This news clearly gives people the idea that the Soviet Union wanted to provoke the United States, making the people feel that the storm is coming.

Although major American media tried hard to downplay the impact of this news, it was still rumored by sensitive market investors, and soon caused a wave of panic selling in major U.S. stock markets. The Dow Jones Index and the New York Stock Exchange major stock indexes fell one after another, among which the Dow Jones Industrial Average fell by 59 points in a very short period of time.

U.S. Treasury bonds were also sold and cashed out by creditors, and the price of Treasury bonds fell sharply.

Soon, the US Treasury Department announced that it would raise Treasury bond interest rates, and the Federal Reserve also announced that it would increase its holdings of Treasury bonds, slowing downward trend of Treasury bonds. Subsequently, the Federal Reserve announced that it would inject funds into the market to boost the stock market.

At the same time, US President Reagan also held a press conference as soon as possible. Reagan claimed that the United States would stop the Soviet Union's so-called nuclear weapons testing problem as soon as possible and dispatch aircraft carriers to near New York State to respond to the accident.

At the same time, the US Department of Defense also announced that it was ready for a full-scale war. If the Soviet Union really wanted to test in the eastern waters of Canada, the United States would also test-fire nuclear weapons near the Baltic Sea.

Regarding the Soviet Union's actions, the American media generally believed that this was a provocative act of the Soviet Union and a challenge to the American liberal democratic society. The United States must fight back at all costs.

The American people were also nervously paying attention to the progress of the situation. At this moment, a member of the US Department of Defense revealed that recently, the US fleet discovered the Soviet strategic nuclear submarine 91-mile in the eastern waters of New York, which once again caused panic among the United States.

As a result, the US stock market continued to fall, but the decline was not large. The loose monetary policy continued to be implemented by the Federal Reserve announced that it would continue to inject US$500 billion into the market to cope with insufficient liquidity in the market, drive the stock market to boost and rebuild confidence in the US dollar.

Soon, the US stock market suddenly plummeted again, with nearly 100 billion US dollars in the US stock market, foreign exchange market activities, and the stock market was turbulent, which made the US financial regulators in a hurry.

At this time, commodity trading prices also rose steadily, US dollars entered commodity trading one after another, and futures also rose. The gold price in New York rose by $13 in one day, from $341 per ounce to $354 per ounce, and gold prices in other regions also rose.

However, this is only the first day. In the next few days, due to the influx of large amounts of funds, the price of gold continued to rise sharply. Within a few days, the price of gold rose from long to $610 per ounce, and investors around the world chose to take hedges such as gold, oil, etc.

Affected by the plunge in the US stock market, major European stock markets in the Asia-Pacific region and Europe also saw a major decline. Europe, which has just stabilized, has once again encountered a cold winter.

The global stock market is turbulent and an invisible war is taking place.

On October 20, the fluctuations in the US stock market that lasted for several days once again caused a stir, and the wave of selling Treasury bonds in the US surged again. Although the US Treasury Department has announced that it will raise Treasury bond interest rates, and US media and rating agencies have also continued to express their optimism about US bonds, it is still difficult to stop the selling trend.

On the same day, major funds led by the US Quantum Fund swept across major stock markets in Asia-Pacific, affecting the economic turmoil in the United States to the Asia-Pacific region. Southeast Asia, which is dependent on foreign investment, is the first to be hit. Major stock markets have been blocked by international speculators one after another, and the stock market and foreign exchange market are in turmoil.

This situation also prompted funds preparing to enter Southeast Asia to quickly withdraw and switch to other areas, such as Japan, gold and oil.

After the original square agreement, the yen appreciated relative to the United States. At this time, due to the flood of the US dollar, the US dollar depreciated relatively, causing Japan to appreciate more than the US dollar, which attracted American investors to flock to Japan, and markets such as Japanese stock markets and real estate markets were also in unprecedentedly active.

In terms of oil, since the Federal Reserve announced the implementation of a loose monetary policy and injected $500 billion into the market, the prices of commodities such as oil have risen sharply, and the oil trading price indexes in New York and London have also risen sharply.

This trend has also triggered a large number of investors who are optimistic about oil influx, and the entry of a large amount of funds has also triggered the continuous rise in oil trading prices.

In a remote building in New York, the United States, Sandy Will and Jason were constantly busy. As the numbers on the screen continued to roll, the whole room was in a busy state.

On the one hand, after Jason finished the task in his hand, he said to Sandy Will, "Sandy, what's next?"

Sandywell wandered back and forth around the big screen for a while, thought about it carefully, and then said in a deep voice, "The oil price will inevitably fall, and I'm ready to short.

Jason thought about it, nodded, then returned to his seat and continued to operate it. The work is not completed. If you like this work, you are welcome to come to Qidian to vote for recommendations. Monthly votes. Your support is my greatest motivation. t.p: Please collect new books, please recommend votes. Why don’t you collect my new books? Is it because of the few words in the new book?


Chapter completed!