As the Chen family presided over the issuance of bonds, 100 million yuan was quickly issued, and another 100 million yuan was issued that afternoon, but the repurchase pressure also appeared in real time.
For most people, it is very interesting to exchange bonds for gold. For Jiangning Bank, this is the first wave of stress tests.
……
Chapter four hundred and thirty-five Gold bonds (1)
There are a lot of people exchanging gold and platinum at the counter of Jiangning head office, just like a famous shop is selling fresh bread.
Young, old and middle-aged gentlemen or ladies put strips of gold and platinum into their personal pockets like kangaroos-Jiangning Bank’s exchange quantity is 1g, that is, 25 yuan gold coupons or 32 yuan platinum coupons.
Gao Qiu watched the queue crowd in a hurry for three consecutive counter periods. When more people lined up at the end of the counter period, there was a run. No matter whether it was a bank official or a bank, it was a blood-sucking run.
The same is true of the high autumn thinking mode on the gold bond issue.
At the end of lunch, the assistant sent him today’s report "346 tons" to dilate his pupils.
"No, we sold 7 tons of gold and platinum in two days, and recovered more than 3 tons. We are not a gold shop." Gao Qiu said to himself and ordered, "Go and call the Committee members to come."
Without asking, the assistant knew that it was the Bond Committee, or the more accurate name was the Precious Metals Bond Committee. Most Jiangning banks were busy with their president, Gao Qiu, and it was not the first time that he was in a hurry. When the distribution profit was reduced to 25%, he spent a long time in the office, muttering about "young people now" and then scolded the young people in the office. Of course, after the fire, Gao was still gentle, just like a healthy hippo who looked docile but grumpy and hid it well in front of people.
Li Lao, Xu Chengchu and Chen Yi quickly rushed to Fang Zhennan and handed over the provisional vote to Li Lao like others in the Chen family-Chen Yi needs a certain balance to have one vote to veto the family.
"Let Assistant Lu explain a situation to you. As we expected, a run happened." After Gao Qiu greeted the three people, he sat idly in the tailstock. A run is the last thing that bank officials want to encounter. In the Republic, Gao Qiu will not see it in his life.
Assistant Lu is thin and small as a pony. He has a little camel on his back, as if he is finally burdened with a heavy voice. "In the past five hours, we have sold 500 million yuan of bonds, and the sale has gone smoothly. We have sold 100 million yuan of gold bonds for three consecutive mornings and 100 million yuan of platinum bonds for the afternoon … But according to the statistics at noon today, in the past two and a half days, the bank has bought back 1.5 billion yuan, and the repurchase rate has reached 316% … G 32 yuan-that is, every 1 yuan gold bond contains 4g gold and 1 yuan platinum bond contains 3125g platinum. This price is slightly lower than the national average price by several yuan, which is equivalent to bond sales minus … "
Among the four members of the Committee, Xu Chengchu listened carefully.
This is expected, although it is very unpleasant after it happens
"Do they exchange more gold or platinum?" Chen yi thoughtfully asked.
"more gold than gold"
"China people still believe in gold." Chen Yi smiled and played a table. "We have more platinum, which is a problem."
Gao Qiu didn’t know whether Chen Yi didn’t understand the seriousness of the problem or whether it was really easy. He cleared his throat and woke up. "If there is platinum left, it’s okay. The problem is that at the current rate, 15 tons of gold and platinum will be sold out in less than two months … and our bond committee will die suddenly."
Chen Yi thought that after two months, the metallurgical efficiency of bacteria will be four times higher, and the monthly output will be tons. If you are not afraid of digging out the veins, you will never be sold out.
Of course, his reason is that "Jiangning’s consumption of gold and platinum is limited. Even if you have money, you won’t hide it with gold and platinum, right? It is normal to exchange more in stages. In fact, it is good to switch to gold and platinum. They can’t take gold to disappear. In the end, they have to buy things in the market with our gold coupons? "
It was Chen Yida’s idea to flood the market with gold and platinum.
Of course, if we analyze too many precious metals according to the demand state, it may lower their prices, but in the extensive real world, precious metals are the core of value, and neither the US dollar nor the RMB … Therefore, when the price of gold rises, people don’t say "the price of gold rises" but "the depreciation of the US dollar"-corresponding to the price increase of oil, people say "the price increase of oil is caused by the depreciation of the US dollar" at most.
This is because precious metals are scarce and oil is scarce.
If the money world can eat enough precious metals, whether it is 15 tons or 150 thousand tons, and the world is willing to eat them.
Before the dollar dominated the world, the world’s transaction settlement currencies were gold and silver until the 1970 s
Bad money can drive out good money, but it doesn’t mean that good money must be good money if it can support it and eventually win.
It is Gao Qiu who doesn’t believe that Chen Yi can come up with limited precious metals.
His reason is also very clear. The output of precious metals in White World is 15 tons, which is surprising enough. Where will there be more?
So his popular science tone said to Chen Yi, "Tens of billions of precious metals are enough for ordinary people in Jiangning City. Our annual consumption of gold in China is 4 tons. The problem is that those companies, industrial groups and banks and insurance companies that can’t buy gold and jewelry … they are all staring at it. 15 tons of precious metals can make them burp at most."
"Let them eat" Chen Yi answered Lai Rennai.
Gao Qiu laughed and said, "What shall we do when they finish eating?"
"I said that 2 tons a month is less than 500 million yuan, so save a little. If we stick to the past this month, the amount of precious metals will rise."
"Will it rise again?" Gao Qiu doesn’t know where precious metals come from, which is obviously beyond his cognitive range. His face shows deep hesitation and concern. Jiangning Bank was forced to participate, but once it participated, it could not be withdrawn.
The meeting room was still quiet for a few minutes. "I still have a question. What if the country starts to pay for our gold and platinum?"
Li Lao and Xu Chengchu turned to look at Chen Yi.
The latter smiled two times and said, "Then I will sell the gold and platinum."
"sell?" Gao Qiu was surprised and inexplicable.
Chen Yi nodded solemnly and said, "Our main task now is to make everyone familiar with gold bonds. Don’t rush for success. The longer we endure, the closer we will be to success."
"Precious metals will consume light"
"I’ll find a way to replenish precious metals, and we can support it if we control a certain circulation." Chen Yi made a small promise and his chest was slightly hot.
Now the western continent is like a happy colonial era. The amount of precious metals in America is amazing. The magical mountains are at least 10,000 tons. In view of the difficulty in smelting gold and platinum and the pollution situation, the main mining method in Xijiang Shuizhai is bacterial smelting.
According to Zhou Yuan’s design, 2 tons of gold or platinum can be produced in the first month, 4 tons in the second month and then increased to 16 tons … It is like playing to produce 16 tons of gold or platinum a year.
16 tons is the amount of gold and silver that Spain collects in America every year.
It is precisely because of this that Gao Qiu is worried about the shortage of precious metals, which is actually Chen Yi’s strategic delivery method, which is also the driving force for him to raise the idea of currency issuance