Genius One Second Remember If You Want To Go? Shuo → Net provides you with wonderful novels to read.
Li He threw away the restlessness in his heart and read the foreign exchange news again. When he saw the news of the devaluation of the Australian dollar, he felt like he had missed this time. 【Love ↑ Go △ Small ↓ Say △ Net
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After reading the newspapers carefully several times, Li He's eyes lit up when he suddenly saw the news of the appreciation of the US dollar. The first thing that came to his mind was gold, not foreign exchange.
Forex trading had only just begun to grow explosively in the early 1980s, and the global average daily turnover was less than 100 billion USD. The trading method was still telephone quotation. Therefore, whether it was the trading method or the operation mode, there was no way for Li He to operate. He would have to wait at least a few years.
However, gold was different. In 1981, the price of gold per ounce peaked at 599 USD. At this time, the price of gold was still high, and the spot price of gold was falling. Some time ago, the highest price of gold was over $00, and now it was only $76.
Li He's memory matched the newspaper. Although Li He remembered that gold would rise to 1900 USD in the future, he couldn't remember the exact time. He didn't expect to be reborn. But currently, it was still a bearish market. Due to the appreciation of the US dollar, many people had found a new channel to increase the value of the US dollar and bought a large amount of US dollars. The price of gold had fallen naturally, but many people did not expect the price of gold to fall. If Li He remembered correctly, in 1985, the price of gold had fallen to around 300 US dollars.
It was impossible for Li He to hold it until 1985. At most, he could only hold it until the end of the year. Moreover, he could not grasp the specific details of the rise and fall. He could only roughly grasp the trend of one or two months, and he could only make a rough mid-range operation.
However, Li He considered the funds he had on hand. It was less than two million HKD.
Should I use leverage?
Archimedes: Give me a lever, I can move the earth!
Funding company: Here, I'll lend you this triple leverage!
The continuous fuses cost Archimedes two Earths.
The so-called lever was used to move a heavier object with a smaller force. In the financial field, leverage is defined as a tool that uses a small amount of capital to manipulate a large amount of capital to magnify profits and losses.
In life, we often use leverage, such as a mortgage to buy a house, a car in installments, and so on. Although we don't have enough money on hand to buy a house or a car, we can use the money we earn in the future to enjoy life in advance.
If your principal is only 10 yuan, but you can steadily earn 1 yuan for every 10 yuan, and the interest is only 5%. In that case, he should borrow money to earn money. That profitable business deal was the fulcrum of this leverage.
The lever was like a broadsword. When Guan Yunchang wielded the broadsword, he overcame all obstacles and beheaded six generals. When a five-year-old child wielding a broadsword, the probability of injuring himself was far higher than cutting down the enemy.
Prices fluctuated. They did not continuously fall in a straight line, nor did they continuously rise in a straight line. If he used high leverage, a fluctuation of one or two decimal points was enough to make him lose everything.
As for those who use 400 or 500 times leverage, they may not even know how many effective figures there are in the exchange rate.
Li He lit another cigarette and sighed. Why was it so difficult for him to do something? 【Love ↑ Go △ Small ↓ Say △ Net
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If Feng Yu really wanted to do something, he needed money. It must be USD, British Pounds, or at least developed countries' currencies. This was because the RMB was too weak and could not go overseas. He even despised Rubles.
The nature of money was a commodity. In theory, any commodity can be used as a currency. But from the aspect of credit, credit must be based on the commodity. It was not based on the commodity. It was a currency made out of thin air.
In a simplified way, the government issued banknotes. It can be seen as the government's IOU.
You accept a person's IOU because you believe that person will be able to repay the IOU in the future.
Traders were willing to accept banknotes because they believe that the government will be able to repay the IOU in the future. The government's ability to repay the debt comes from the country's strength, including the country's manufacturing, technology, and military.
But now, China was regarded as a poor country internationally. Who would be stupid enough to accept your IOU?
You have 1 billion China's population barely enough to eat. If I accept your IOU, what can you sell me? You have no manufacturing industry, no industrial products. Other than some minerals, no one wants you.
You can trade with me, but you must have the IOU from Big Brother, USD. If not, no deal.
The Chinese say that they have a 1 billion domestic demand market. Back then, when the British and the G8 Allied Forces bombarded China's gates and demanded to open trade ports, didn't they want the Chinese market?
Was there something wrong with your brain? At that time, we were trading with gold and silver. What do you have now? No gold, no USD, and you are still giving me IOU. What do I need your poor market for?
The Chinese said that when my family split from the family, the Chang Kaishen brothers used a boat and brought it to Taiwan. A portion of it was brought to Hong Kong. I am really poor now.
The Westerners thought about this. Don't you still have young workers in your family? How about this? Give me some preferential policies, and I will set up a factory in your country. You all can work for me. Look at the exports. All the profits will be in USD.
The Chinese thought about it and felt that it was not a bad idea. They could learn advanced technology and management, receive taxes, and solve the problem of employment. Most importantly, they could earn USD. They gritted their teeth and agreed.
After the reform and opening up, many foreign companies entered China. They made use of China's rich labor force to invest in factories. However, the products they produced were mainly for export. In the end, export became one of the three main engines of China's economic development.
It was only when China started to accumulate large amounts of foreign reserves that foreign companies started to target China's domestic market.
The television had stopped broadcasting. Li He looked at the time. It was already 2 am. The room next door had finally quietened down, and his heart finally calmed down.
He was about to tidy up the messy documents on his desk and sleep. There were many things that could not be rushed.
He opened the window to let the smoke out of the room. The ashtray was almost full.
Just as he laid down, someone knocked on the door.
Li He turned to the side and opened the door. When he saw Su Ming, he smiled and asked, "Why are you back? Where's Yu Dehua? "
Su Ming reeked of alcohol as he entered the room. He picked up the tea on the table and started drinking. "Don't mention it. That old thing is up to no good. He lured me into breaking the law."
Li He was baffled, so he tried to ask, "Where did you go?"
"It's a place for dancing. A few sofas were put together. There were people drinking with them. The alcohol was good, but it was too noisy."
"Good? Drinking and dancing. It was relaxing. Then? "
"Then? After singing, he said take me to a sauna. "
"Sauna?"
"Yes, yes, a sauna. Damn it. I went to take a look. It's just a bathhouse." Su Ming seemed to be even more annoyed.
"That's good too." Looking at Su Ming's angry expression, Li He was even more confused.
"After the bath, I said I was sleepy and wanted to sleep. In the end, he found me a woman who had lost her footing. She came into the room and wanted to rip my clothes off. Luckily, I was smart enough to put on my clothes and run away immediately, "Su Ming said proudly.
Li He held his forehead in pain. You silly child.
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