Chapter 896 Huadian Blind Spot
Lin Mo told Lin Zhenping about the trick. This situation had little impact on the government. The United States had a lot of interests in China. There was also a silver agreement before the bill, which was violated by the Americans first, and there was no evidence to be slander. It was even a small bargaining chip for negotiation.
To put it simply, you should be the scapegoat for a while. When the public opinion stops and the matter is almost over, you will come out to refute the rumors and clarify them. You may even give you some benefits to prevent you from making trouble. Public opinion has long passed, and it will be difficult for someone to make trouble with this. It is also common to find a target to change the head first, and then explain it when the popularity goes by.
"I heard you just now that others don't want yen much. Is it that many of the yen that flows out have entered David's hands?" Lin Mo continued to ask.
"Absolutely!" Lin Zhenping nodded and explained: "The silver he shipped here was purchased by Japanese yen. According to the information, there are many Japanese expatriates from Latin American countries who have moved to them, and many of them like to remit money to their country, so there is a lot of demand for Japanese yen in the local area.
According to David's information, his family has channels to provide the yen to individuals, companies and even countries with overseas remittance needs. However, using the yen to purchase silver requires an additional fee. At first, one to two points are added according to the amount of the transaction, and then it is changed to a fixed point. If the purchase volume is very large, you can also talk about half a point.
There should be no problem with accepting the yen. At least David should not be involved in the Japanese conspiracy. He should not be able to spend the yen directly, but there are channels to exchange it. The excess may be to prevent exchange rate changes and the expenses in the middle."
Lin Mo nodded, but he keenly realized the bright spots of the spots, that is, the yen was taken away by David, which means that not much of the yen was lent in Shanghai.
This means that even if the speculators who lend yen have a profit after the silver price rises, it will be difficult for them to repay the money in the market after changing the money to yen. The yen is not very liquid in the international market, and it is difficult to exchange enough yen in the hands of others.
As for Japanese banks, there is definitely no shortage of yen, but they will easily exchange it for you? You should know that they are behind those lenders. Will they give up easily if they can take advantage of your capital and interests?
Lin Mo didn't believe that they could be so kind. Of course, the other party would definitely not take action directly in the early stage, but once the problem broke out, it was when they waved their sickles to rob and harvest.
But it is not right? Whether you buy silver from David with yen and cause the yen to flow abroad, or use other currencies to buy silver and money from abroad, it will greatly allow the loaned currency to flow out of the silver trading market and exit the transaction and trading process.
In other words, the currency trading problem in the silver trading market has not been solved. How to trade currencies other than silver? But now the market is operating normally and no corresponding problems have been reported, which means that this currency actually exists.
But how do these currencies come from? In a silver-standard country, investing other currencies into the silver market for circulation and transactions, no matter what means it is used to inject money, it means that it has to bear the risk of rising and falling silver prices.
Mortgage is likely to be mortgaged with silver or silver coins. Since the lent foreign currency is used and the silver price fluctuates, the value of these mortgaged items will naturally fluctuate in the lending currency, so they have to bear the influence of fluctuations in the silver price.
When exchange foreign exchange, other foreign currencies can also buy and sell silver normally. What can be exchanged for is naturally silver coins. The essence is the same as the loan of silver mortgage, and it must be affected by fluctuations in the price of silver. If funds are provided without collateral, people may not repay them or be unable to repay them or run away with the money, and they will also indirectly bear the risk of rising and falling silver prices.
If you have this money, you have to bear the risks brought by others outside the rise and fall of the silver price. There is no news on the market, which means you can't do it privately. This is not like those big companies and banks that can use some means to protect their own interests. If this is the case, why not invest directly in silver? It can only mean that you have another purpose and plan!
Moreover, with the increase in silver prices and the expansion of the speculative market for silver trading, the amount of funds required for transactions will become larger and larger. Until now, the market can still operate normally, so it can only be said that the plan will definitely not be small.
"Uncle Ping, what kind of foreign currency is used in silver trading and speculative trading in Shanghai now, or which foreign currency is used more often?"
Lin Zhenping was a little puzzled, but he still replied: "Of course it is the Japanese yen. Most silver trading uses it. Just count the yen and are the most lent out, so the foreign currency on the market is naturally more than yen."
Lin Mo nodded and continued: "How much is the amount of silver David transported?"
"...I'll estimate..." Lin Zhenpingmo calculated for a while and replied: "The quantity is really not low. It is estimated that there must be more than a few percent of the silver trading in Shanghai, and more than half of the remaining ones are the ones that flow into the silver market in Shanghai and all over the country.
At first, there are fewer ones, and when the cargo ship stops, it basically unloads dozens of tons or hundreds of tons. It is estimated that at least one worth tens of millions of yuan will be transported before and after, and it may even be more. What's wrong? Is there any problem here?"
"...No big problem..." Lin Mo shook his head, but he already knew in his mind that there must be another wave of people he had just guessed, hiding behind his back and thinking about something, and it is highly likely that it is a Japanese.
"Did you have records of Shanghai silver trading, speculation, such as prices and transaction quantity? If you have any, please provide me with a copy."
"… Yes…" Lin Zhenping nodded and replied: "There are concerns about collecting relevant situations, but they are not very complete. The main reason is that the market is more chaotic and disorderly. Many trading venues do not publish the information to provide these data, or the data is unreliable. This is not a false news deliberately released, but they themselves cannot count it clearly, let alone a large number of over-the-counter transactions. In addition to the relatively accurate and useful prices, we can only look at the others."
This chapter is not over, please click on the next page to continue reading! Lin Mo nodded to express his understanding, but he was also a little troubled by this situation. He could only take it first and take a look. It is best to see something tricky. If he really can't see it, he can only think of other solutions.
Lin Zhenping called, and soon the secretary just now came and knocked on the door. Lin Zhenping opened the door and took in the information. Lin Mo looked through it and found that it was still messy and had not sorted it out too much. He could only take it back first and then read it slowly. It did not involve the information of the Lin family, so there was no need to read it here.
"By the way, Uncle Ping, since the price difference between Chinese and foreign banks has opened, has no one transferred silver abroad?" Lin Mo continued to check the previous information and asked about other situations.
Lin Zhenping heard this and replied: "Someone has arranged it earlier, but the price was not too high at that time, and the domestic silver price increase was not very low. If you sell it abroad, you will also have shipping costs. Moreover, those who are not familiar with the place are not willing to take this risk.
As the price difference continues to widen, many people in China are tempted to arrange things, and some even transported them out to fight and explore the way. However, some foreigners who were also very concerned about mixing in the market at the beginning, but the engine was shut down and there was no movement. I guess the reasons you analyzed before were among them.
Later, the silver price rose too strongly and rose rapidly. Although the price difference was even bigger, no one mentioned this matter, because it was really not a short time to use on the road. If you negotiate the price first, maybe when you ship it to the place, the price here will rise to that price.
But when you get there and then negotiate the price, the road is too long. When you arrive at the place, the silver may have risen to another appearance. The person who negotiated may have already repented, and it is okay to regret it. What I am afraid of is that people bullying you and making you lose all your money.
Or the silver price suddenly fell halfway, and you didn’t even have the chance to take action to recover the losses as soon as possible. What if you negotiate a price here? Then where is the price? At the price there, people might as well buy it there themselves! At the price here, I might as well sell it on the market! At the price between the two, the other party will pay now, and it is better to buy it at a lower price at this market, so there is no movement later.
The main reason is that the silver price has risen too strongly. In addition, due to various other reasons, no foreigners or foreign forces are willing to take the risks. These domestic speculators do not have the ability or courage to take the risks, so they simply play in China. Of course, there must be silver being transferred out, but the current quantity is still relatively limited."
Lin Mo nodded. He recognized these situations. There was nothing to say about the first two points. The third reason was that the silver price rose too strongly, which made many people feel unsure, or because of the bottom line, they did not dare to move around.
The price fluctuations of hard currencies such as gold and silver are actually very limited. In a normal trading day, it would be amazing to rise or fall by one or two points. Even if they say that they are crazy and soaring, the growth rate of a single day is probably within this range.
But I couldn't resist the long-term increase. In this life, the Lin family entered the market early and continued to buy chips from the market, allowing the silver price to start an upward trend early.
Although the increase was still very small at that time, it could not withstand the steady upward trend for a long time, which definitely attracted the attention of many investors, especially investors like long-term scattered. The entry of these people opened up a larger increase trend, which attracted more funds of various types to enter the market, and then repeated cycles.
As if it was snowballed, the volume changes caused qualitative changes, which kicked off the skyrocketing silver prices. Although various forces entered the market to disrupt the situation, the current situation is still based on this as the inertia extension of the basic market.
However, the major forces and funds of all parties are very clear that this wave of upward trend does not have enough support, and all parties have not fully entered the market to raise prices, favorable policies have not been fully implemented, and forces that have failed to gain enough benefits are ready to move. Even as the silver price continues to rise to a high level, the basic market that has driven the price rise has become a huge profit order, which may give silver price a fatal blow at any time.
For large funds that have been immersed in it for a long time, they can foresee the decline in silver prices, and even large funds that enter the market to raise the silver prices. The idea is to raise the silver price to a high level as soon as possible, making the silver price even less support. At the same time, buffering and unloading their rising inertia momentum, and then smashing the market to make a profit or smashing the market to create an opportunity for entry for them, so as not to rise to a certain level, and not to fall, and they missed the opportunity to make money by half-dead.
Chapter completed!