King Of War: Starting with Arms Dealer
Chapter 877 - 789 Gold Derivative Profits

Joe Ga didn't stay in America but drove to a secluded private airport and took Gami's private jet to Monaco.

He needed to transfer in Monaco before heading to Iraq.

The 'fake gold' issue is just a topic of conversation for ordinary people, but for those in the financial sector, it's a massive bombshell.

The news was clear, and as long as the channels of information were open, everyone could actually enter the market and make money.

This time Gami focused her main battlefield at the London Trading Center...

Under her remote command, the first wave harvested the secondary gold market.

The fake gold led to doubts about America's creditworthiness, which first appeared in the financial derivatives based on gold.

While passing through Monaco, Joe Ga picked up a beautiful female trader on the plane and listened to a briefing.

The beautiful trader explained things eloquently, but Joe Ga hardly understood, only knowing that his market predictions were wrong...

The first wave of gold trading products saw a decline, and those financial derivatives that couldn't be exchanged for gold were dumped on the market.

Gami, who had set up five hours in advance, although not moving a lot of capital, was more prepared than other big players and hence bagged the richest profit with many friends.

At this time, the English were baffled, the sudden short selling caught them unprepared, causing the price of gold to plummet immediately.

The drop in gold prices and the severe decline of gold derivatives caused significant asset shrinkage for many large institutions investing in gold.

If this drop was a natural rule, it would be fine, but this time it was America's wrongdoing that triggered a credit crisis in the gold market.

Thus global financial institutions had to intervene in the market; otherwise, a plunge in gold prices of over 20% would bankrupt many institutions.

America causing trouble and the world paying the bill wasn't something new, and although Joe Ga couldn't change the situation, it didn't prevent him from being in a good mood after hearing Gami's follow-up plans.

In reality, there was no need for big institutions to intervene, the first wave of panic selling was just in the derivatives market, which didn't hugely impact the gold itself.

But now finance has deeply penetrated the world, and these packaged financial derivatives, once listed and circulated, became the assets of many institutions and individuals.

Joe Ga couldn't understand why anyone would buy derivatives based on gold production, which essentially couldn't be exchanged for real gold and were simply financially packaged digital products.

Buying these was like buying WTI crude oil futures operated by America through Crude Oil Treasure...

Buying proper futures, as long as the leverage isn't excessive, at worst I'd retrieve the spot goods on delivery day, even if a bit expensive over time, the loss isn't too significant.

But trading crude oil futures through Crude Oil Treasure risks complete losses and immense debt, without even a glimpse of the oil's reflection.

Gold is the same; if it's a financial product capable of physical delivery, as long as your leverage is sustainable, you'd still remain with something in the worst case.

But most financial derivatives don't have this function!

The secondary gold market, hindered by big players, began to quickly decline.

This slash would evaporate tens of billions of US dollars from the market within three days, with the greatest losses borne by the institutions and individuals catching the falling knife.

It's just that there was too little time, the big players were unprepared, and Gami acted too swiftly, causing many of the big players to miss the rhythm, so the market situation wasn't too bad yet.

Once the big players were sufficiently prepared, Gami would withdraw from the secondary market and focus on the gold trading market.

Joe Ga wasn't a finance professional, but he was correct in one judgment: gold prices would rise.

Global central banks now had an excuse and would naturally start to squeeze the gold banks in America, this action alone could cause gold prices to rise.

This was filled with political speculation, using the liquidity crisis to force America to compromise on many issues.

During such times, any country and institution not taking advantage from America would be considered unqualified.

Capitalizing on the weak is the norm in the capital market!

It's okay for the country to satisfy its benefits and then cease actions, but those satisfied with personal interests and claiming 'not harming allies' after gaining a little are disgraceful traitors.

Gami would choose to enter the fray and desperately snatch physical gold while the prices were falling.

Grab as much as possible; though spot transactions couldn't use leverage, the base was large enough for these gold reserves to generate huge profits.

That's the difference between strategic masters and traders.

Joe Ga might see the big picture, but he couldn't maximize benefits like Gami.

And focusing trading in England was a brilliant move, effectively avoiding scrutiny from America.

After roughly figuring out what he could gain from the gold market, Joe Ga lost interest in the details.

No matter how eloquently the beautiful trader spoke, Joe Ga showed little interest.

Seeing that the real big boss actually had no interest in 'making money' or even looking at her chest, the trader who wanted to showcase her substance regretfully buttoned up her shirt...

"Boss, Miss Kopke asked me to establish a P·B Bank branch in Central African Sangha Town, it's your territory; do you have any instructions for me?"

Joe Ga was stunned for a moment; only then did he realize that this woman wasn't just any trader but a financial expert...

Looking at the 'ambitious' woman in front of him, Joe Ga smiled and spread his hands, saying, "I have nothing specific to instruct. Just attract depositors' funds and make correct investments as much as possible to ensure no irrational loss of assets.

Of course, I personally hope that the Sangha Town bank focuses on lending as the main source of profit.

The development there is rapid, and the demand for capital is huge. The task of the bank is to enhance the utilization rate of funds to assist in the development of Sangha Town, as ultimately, stable long-term returns are most important."

The woman, realizing the big boss hadn't even asked her name until now, felt regretful as she blinked and shook hands with Joe Ga, saying, "Boss, my name is Bonnie Arabella, you can call me Bonnie.

I will manage the bank according to your requirements..."

Bonnie looked eagerly at Joe Ga and said, "Boss, if I run into some trouble I can't deal with, can I call you for help?"

Joe Ga was totally oblivious to Bonnie's unease at this moment, his mind crammed with too many important matters.

Facing Bonnie's earnest request, Boss Joe waved his hand and said, "I don't understand finance, but no one in Sangha Town will set obstacles for you in other areas.

If you really encounter trouble, go find my girlfriend Devil Bird; she can solve all your problems."

Saying that, Joe Ga took out a satellite phone, gestured at Bonnie with the number on it, then turned and entered the plane's rest area...

"Aaron, what do you need?"

On the other end of the phone, Aaron, upon hearing Joe Ga's voice, complained loudly: "Hu Lang, what's wrong with you?

What are you hiding in Baghdad for?

If you don't act soon, the intelligence I have on 'The Teacher' will expire.

Big brother, hurry up and catch 'The Teacher' and be done with it. Do you know how much resources I wasted to pinpoint his location?

If he escapes, how am I supposed to explain it to the big shots in America?

My money and resources can't just go down the drain like that, and besides, I don't have time to monitor ISIS people all day!"

Joe Ga was stunned for a moment; he hadn't expected that P·B's inaction would make the insiders in the old America unharried, but Aaron was the one who got agitated.

Aaron, a madman busy building nuclear weapons, displaying more responsibility than the American big shots, which Joe found hilariously absurd.

Thinking of Aaron's frantic demeanor, Joe Ga said with a smile, "Wait two more days, I'm also very busy."

Upon hearing that, Aaron went silent for a moment before suddenly saying, "You're not in Baghdad…"

"I am!"

"Bullshit, you're not!

You, a hot-headed bastard, having the information and still not acting?

Shit, what are you hiding after all?

I heard that Halliburton's board got wiped out in one fell swoop, did you do that?"

Joe Ga smacked his lips and said, "Of course not, I think it was Rashiri's guys doing it, looking for a scapegoat..."

Aaron knew Joe too well, he sighed and said, "Hu Lang, being your enemy is too dangerous..."

As Aaron spoke, he seemed to have received some information, and after pausing for a while, he suddenly yelled, "FUCK, what's with those gold bars? You must know something...

Now, Shah Intelligence Agency people are going crazy, those gold bars were personal property of Crown Prince Nayif who's already deceased.

Now that the gold transaction has been leaked, Shah Intelligence Agency can't lay their hands on that gold anymore."

Joe Ga was stunned for a moment, and said with amusement, "Shah Intelligence Agency personnel misappropriating Crown Prince Nayif's inheritance gold?

Why does that sound so unreliable to me? Is it hard to draft a will and find an heir, don't they all have connections?"

Aaron replied helplessly, "That also requires America's approval.

They finally sorted out internal relations through Rashiri, and now it's been leaked...

Those funds were Shah Intelligence Agency's emergency budget, and now these people are going crazy!"

Joe Ga furrowed his brows and said, "20 tons of gold, 900 million US dollars, what do Shah Intelligence Agency want to do?"

"What else?

They want to get involved in the fight in Iraq, and organized a militia primarily composed of Iraq XN faction for this…

They think there's really a dirty bomb in Israel; they want to drive ISIS folks mad!

Shit, a portion of those gold bars should be mine, I have goddamn readied the arms supplies, now Shah Intelligence Agency is broke."

Upon hearing that, Joe realized that the matter might not only involve Shah's demands, Thompson had long warned him that those people would try to trap him in Iraq…

Maybe this move by the Shah people had Rashiri's shadow...

Joe Ga thought for a moment and then said amusedly, "Rashiri passing on the gold to Shah people, and even my reason is involved..."

"What are you talking about?"

Joe Ga, rarely hearing Aaron so frantic, said cheerfully, "I'm marveling how Earth is round, how everything is connected...

I'm goddamn ecstatic right now, what good stuff do you have in hand?

If the price is right, give me a discount, and I'll snatch up those goods, otherwise it's bad for you if your capital chain breaks."

As Joe Ga listened to the heavy breathing on the phone, he said laughing, "Don't be angry, I'm just helping you.

Sell the arms to me at a cheaper rate, I'll find a way to offload them.

As long as Shah is willing to pay, my relationship with the XN faction militia can be quite good, haha..."

Hearing Joe Boss's 'devilish business tactics,' Aaron said angrily, "Hu Lang, you've turned into a real scoundrel!"

Joe Ga laughed heartily and said, "Nonsense. Just ask around in Iraq, who doesn't know my 'Good Man Hu Lang's' reputation?

Send me the list quickly, I'll transfer the money to you...

Remember not to peddle inferior goods as good ones, I am a professional arms dealer, haha..."

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