Chapter 830: Gold useless theory

Whenever something big is about to happen, the media of the United States cannot watch it. Not one family or two, including White Media, all are ignorant.
Soros is also very entangled. Of course, the recent media briefing, he is certainly one of the insiders. However, the changes he wanted to see did not appear.
Every time he saw William White answering the question, Soros felt a pain.
People asked if you were very optimistic about the Asian economy. You said that Asian cuisine is very good. People ask you if you are worried about the low oil price. You say that environmental protection is more important. Listening to that meaning, the business is all about clouds.
Today, even if it is not answered, the reporter will not be bothered by him. No one has offended a media giant, especially this giant is not only young, but also very careful.
"Gold? No, no, gold has no value at all, just a better-looking metal.
You extract them and spend human and material resources to store them, and this thing has no monetary attributes at all. "
"Ha ha ha, ha ha ha, this old product is really worthless, you send me three or five hundred tons, I don't care about the storage fee."
William White couldn't laugh when he saw Buffett talking on the TV.
"Daddy, what is old goods."
"Cough, Athena, well, that's not a good thing, okay, Daddy was wrong, he shouldn't be swearing on the dining table. In this way, I was fined not to eat ice cream for a week."
Athena turned her eyes wildly, disapproving. It doesn't matter if you don't eat ice cream.
This is the case of the education of the American Emperor, not to mention the waves after going out. When you are at home, you must be very, very gentle. Words beginning with F must not appear at home.
"Daddy, why does he say that gold is worthless? Is my bracelet also worthless?"
"Oh, because some people need a lot of gold, if they say that gold is very valuable, they can't buy it.
So, Athena, what others say is not important, you have to look at the essence of this matter. In other words, if gold falls, who will benefit more. "
Seeing William White and his daughter saying this, Suzuki also turned his eyes. Not to mention Athena, even she couldn't figure it out. Of course, William White did not expect her to understand, this is called subtle, as long as there is enough time and enough experience, they will always figure out these things.
As for what Buffett said, you are wrong to say it. Indeed, after the US imperialism withdrew from the Bretton System, gold lost its currency role. From this point, it is really just a precious metal.
The question is, can we believe your morals?
The US dollar is a credit currency, and the currency of the world is based on the US dollar. If the US emperor does not want 13 faces, the banknotes in this world will be worthless.
Does the American emperor have the morality?
You don’t have to ask Mao Zi, just go to Wall Street. Everyone will tell you, as long as there is an interest, exercise a wool.
Buffett's theoretical basis is that companies like Coca-Cola, Johnson & Johnson and Nestlé are constantly creating value. You hold their stocks in your hand and there will be a good dividend every year.
If you sleep with a gold nugget on it, it will still be a gold nugget a hundred years later and there will be no growth. In order to protect this piece of gold, you also need to be careful.
Sounds reasonable and impeccable. Unfortunately, his analogy is wrong.
Sleeping with gold, this is such a painful choice. Could it be said that you can't mortgage it to the bank?
Worried about falling prices?
Can't you hedge in the futures market?
Therefore, Buffett's assumption is untenable. Gold is mortgaged to banks and then hedged in the futures market. The funds in your hands can still buy the stocks he said.
What? same?
How is it possible, when gold plunged, or almost the same. Once the upward trend is established, you don't need to hedge. Suppose now that a value of 400 is set, you will hedge if it is below 400, and you will be free if it exceeds 400.
Twenty years later, you will find that you have earned the so-called value investment. You have also avoided the risk of inflation. At the same time, your piece of gold has never left you.
Tuao discovered a super-large gold mine, but a group of bankers found that the gold did not enter the so-called circulation field.
Don't think about it, these things must be at White Bank.
Well, some people are very upset. Nima, you are not engaged in gold trading. Why do you have so much gold in your hand? Then sell it quickly.
"Filson, what Buffett heard? Any thoughts?"
"Boss, he has eaten too much, investing in securities and holding gold, there is no conflict."
"Yeah, unfortunately many people don't understand."
Philson smiled bitterly, understanding it or not, it doesn't really matter. The situation of others is different from yours. At the level of your funds, everyone is talking about investment portfolios, and no one is alone.
"No, Philson, I don't mean that. It seems that they will soon start dealing with gold. Like the oil price, they will definitely knock the price of gold down."
William White rubbed his jumping temple, Nima, this group of was really too particular. If the buddy has no foresight, a wave will be taken away by you.
Many loans of the richest man are mortgaged with gold. Personally, no one in this world holds more gold than he does.
The price of oil should not be so expensive, let alone 20 yuan. Looking at the current posture, it may be about $15. This is still a good economic situation. On the contrary, the price of oil will definitely return to below the US$10.
From the current situation, William White does have certain financial problems.
"Boss, we have hedging, and, it far exceeds your open positions."
"No, that feels different. How do I feel that my wealth is shrinking?
I prefer not to make these hedging money, and, for a period of time, the price of gold must jump up and down. Alas, in any case, be prepared. "
"Okay, boss, I will stare at them very seriously."
"To tell you the truth, Philson, our central vault, may not have so much gold. It is very likely that they will borrow this wave of stocks to replenish."
"No, isn't it so outrageous?"
"Ah, if you don't say this, even if all the copper is inside, what will happen. There will be no problems for the time being."
Philson was really speechless, let alone outsiders, Clinton had no right to check. The thing about the Fed is that the old guys are talking to themselves.
Of course, even if he really knew what William White knew, he wouldn't even say it. For the rich, peanuts are not terrible. The Fed is different. This is simply the existence of no solution.
To say that the most powerful person in the world, Lao Ke can never be ranked high.
What, Greenspan has such great power?
Wrong, all wrong, the Fed is the Fed, and the Fed chairman is the Fed chairman. To put it bluntly, it is the same way as the Secretary-General. Do you have any rights? The rights are still very big.
The Fed has seven executive members, and Greenspan is only one of them. This term is 14 years. This means that although Paul Volcker is no longer the chairman of the Fed, he is still one of the seven giants. As for the other five, you're fine, anyway, all are famous families.
The American tyrants who like to be born again please collect: (EbookFREE.me) The literary update of the American tyrants born again is the fastest.