Hong Kong Island. Castle Manor!
"Snapped!"
A delicate tea cup was smashed to the ground and shattered into pieces in an instant!
The knight on the throne looked at every elite member of the British-owned group in the study with a gloomy expression, his angry eyes revealing his truest thoughts.
"Smith, eight million, is this the result of your whole day?"
No wonder the Jazz were so angry. After receiving the warning from the legendary William, the Jazz summoned Smith overnight and asked him to quickly sell the gold and gold financial instruments in his hands early the next morning, and he must leave the market as soon as possible.
Although the Jazz also know that with their current huge holdings, even if the price is reduced, it is impossible to sell out all gold products in a short period of time.
But he never expected that for a whole day, Smith only sold gold products worth less than 8 million, and the rest still fell into their hands.
More importantly, as the international gold price suddenly plummeted, the price of gold in Hong Kong Island was inevitably affected, with the price plummeting to $576 per ounce.
In one day, they lost hundreds of millions of Hong Kong dollars, which was a heavy loss.
Smith was silent for a moment, and then said: "Sir, as you know about today's situation, we were originally preparing to attack across the board and sell as many gold products as possible before investors could react."
"But our opponents also thought of this. They used newspapers, news and various means to expose the news of the plummeting gold price in advance. By the time we took action, almost all investors knew the current situation of the gold market. No one dares to step down and take over, even if we lower the price one after another, it won’t help!”
As soon as he finished speaking, Will, the executive of Jardine Matheson and Co. next to him, echoed: "Smith is right. The ultimate goal of our opponents is to prevent us from leaving the market. Now it seems that they have done it. We have been trapped." Got it!"
"You really can't blame Smith for today's situation. He has tried his best. Others may not have done better than him!"
"Yes, Smith has done a good job..."
.........
Seeing someone speaking for him, Smith relaxed a little, and immediately said again: "Mr. Sir, we must admit that we really lost this time, and it's time to think about how to end it decently!"
Jazz's chest rose and fell rapidly in the main seat, and he no longer had the calm and in-control demeanor he had before.
After a while, he gritted his teeth and said, "Smith, how much have we lost this time?"
"Excluding the billion dollars transferred to New York, our current overall loss in the gold market has reached HK$1.4 billion, but you also know that the current gold price has not yet bottomed out, how much more will we lose? It still depends on how much the price of gold will fall!" Smith said.
Hearing this, everyone in the study couldn't help but take a breath.
The one billion US dollars transferred to New York has been wasted. If the 1.4 billion Hong Kong dollars are included, their overall loss will reach a terrifying more than 9 billion Hong Kong dollars.
Such a huge loss, even if it is shared by so many people, is still unbearable.
"Is there really no way we can recover our losses?" someone asked in a deep voice.
Smith shook his head with a wry smile, and then said, "Haven't you seen it yet? This golden war was a game played by the young man from Xingchen Company from the very beginning."
"And we lost our minds for the sake of a small Li family. In the end, we were led by the other party and fell into a carefully laid trap. Now it is impossible to escape unscathed!"
Then, Smith looked at the Jazz and said again: "The loss of funds is only one aspect. What's more serious is that if we don't handle this matter well, the entire league may fall apart because of this matter. At what time we will But I completely lost!"
"hiss!"
Everyone in the room looked at Smith in horror. They knew the importance of the group alliance best!
Although this is just a loose business alliance, there is no strong cohesion among the members.
However, since all the members are either family talkers or company executives, and are located throughout East Asia, this means that there are massive business resources within the alliance. No matter what the business is, cooperation can be formed internally without any special worries. Partners cheat themselves.
After all, in addition to laws, there are also a series of restrictive measures within the alliance. If they try to harm each other, the alliance will also react internally.
Because of this, there are so many people who want to join this alliance, and even kneel down and be treated like dogs, such as the Li family, Lin family, etc. before.
Over the years, they have relied on these resources, and each of them has made a lot of money. If the alliance collapses, the losses will be huge.
"Smith, will the consequences really be so serious?" Will asked with a gloomy face.
Smith nodded and said: "We have raised 22 billion Hong Kong dollars in this operation, 74% of which came from ordinary members within the alliance. Their assets generally do not exceed 200 million Hong Kong dollars. Almost all the working capital has been invested in this operation!"
"If the loss exceeds 50%, more than half of all investors will face operating difficulties or even the risk of bankruptcy. When members of the alliance go bankrupt and close one after another, and we are unable to do anything, will the alliance still be necessary to exist?"
As soon as these words came out, everyone present fell silent.
Yes, everyone joins the alliance for profit and to make money!
Now that we have not made any money, but have made ourselves bankrupt, who will continue to stay in this league?
Thinking about the impact of what happened to the Li family some time ago, a little Li Jiuying made them miserable.
Now that dozens of Li Jiuying appeared all at once, they couldn't even imagine what happened next...
Will said in a deep voice: "The alliance cannot collapse, we must find a way to survive this crisis!"
"Yes, the alliance cannot collapse like this. As long as the alliance is here, we still have a chance!"
"That's right, if the alliance is gone, we will go back to the state of running around like dogs for food decades ago..."
At this moment, Jazz coughed lightly and said, "Okay, everyone, be quiet!"
The originally messy study suddenly became quiet, and everyone's eyes were focused on Jazz.
"Smith is right, the matter has come to an end, we should consider the matter of ending with dignity first, and we will talk about the rest later!"
Then, Jazz said again: "Smith, from now on you are fully responsible for selling gold. You must cash out the gold in your hands no matter what, even if the price per ounce drops below $500! "
"yes!"
"Jim, please say hello to all the banks and ask them to do their best to help our alliance members tide over the difficulties, and try to help the alliance members when they take out loans!"
"yes!"
"Will, please contact the members of the alliance who contributed the capital this time and tell them that if there is a shortage of funds in their operations, they can apply for loans from all banks within the alliance. The alliance will not see them in trouble!"
"good!"
After issuing several orders in succession, the expression on Jazz's face gradually became a little crazy.
Then he looked at everyone present and said: "Since we defeated the Chinese capital here twenty years ago, we have never suffered such a big loss. Since our enemies will not leave us a way to survive, there is no need for us to be polite! "
"Smith, the trap you arranged before can be acted upon. This time, use the head of Huang to warn that young man!"
"Yes, I'll make arrangements right away!" Smith said in a deep voice.
"Um..."
.........
