"throw!!"
"Throw it now!!"
"Sell all your long positions!!"
"We've been tricked! This is a massacre!!"
Panic instantly spread throughout the hall like a plague.
Countless traders in red vests waved their arms wildly, making hoarse noises as they tried to sell their orders.
"Sell! Sell!!"
"35! Sell!"
"30! I'll sell it for 30 too!!"
"25! Anyone want it?! 25!!"
From this moment on, the numbers on the price display began to plummet in a precipitous and bloody manner!
35……
30……
25……
20……
18……
15……
In just half a day.
Silver, the precious metal known as "poor man's gold," was brutally crushed under the iron fist of the rules!
...
Dallas, the Hunter brothers' luxurious office.
The phone rang as if it were a death knell.
"What?!"
William Herbert Hunt, the Texas oil tycoon, is also the biggest bull in the silver market.
He grabbed the phone and listened to his agent's report. His face instantly fell, filled with shock and anger, which quickly turned into fear.
"Margin requirements increased by 100%? And only liquidation is allowed?"
"How dare they do this? This is illegal! This is robbery!!"
"Our contracts! Our spot goods! What do we do?"
His mind was screaming, "My money! My silver! All of this was bought by mortgaging my father's inheritance! How dare they!"
On the other end of the phone, the agent's helpless voice came through:
“Mr. Hunter…the market…the market has crashed…”
"The price has dropped to $15..."
"The exchange...the exchange just sent an ultimatum..."
"We... all our long accounts are about to be wiped out..."
"They demanded that we...pay the outstanding amount before the market opens tomorrow..."
"Pay back... $5 billion in margin..."
"5 billion... US dollars?"
Upon hearing the news, Hunter's brother, Nelson Hunter, also felt dizzy and almost fainted.
"They're robbing us!!"
Enraged, Nelson Hunter grabbed the solid gold globe from the table and slammed it against the wall!
"We don't have 5 billion in cash!!"
"Tell them! We have silver! We have hundreds of millions of ounces of physical silver!!"
"it's useless……"
The broker's voice was filled with despair, "Sir, the 'rules' have changed... They no longer accept physical collateral..."
They...they want to forcibly liquidate our silver futures accounts! Then they want to force us to sell our physical silver at a low price, and then completely restore the global supply and demand of silver..."
"No--!!!!!"
Nelson Hunter let out a furious roar of resentment.
“William! Our money…our silver empire…”
It's over! It's completely over!
This largest silver bull in Earth's history was ruthlessly crushed by the US government's intervention and rule changes, becoming the first publicly executed sacrifice.
...
Hong Kong Island, the Fok family's villa in Deep Water Bay.
Inside the study.
Huo Zhenting was staring intently at the quotation machine that was transmitting data back from the US dedicated line.
His face was also deathly pale, devoid of any color beneath the cold array of numbers.
"Daddy..."
His voice was trembling, his teeth were chattering, and he was filled with uncontrollable fear.
"15...it's dropped to $15..."
"It's still falling...it's still falling..."
"It's over...it's all over..."
"My Huo family's decades-long legacy... your life's work..."
"Just like that... just like that, I'm going to lose everything in one day..."
"Including the funds from mainland China and Kobayashi Tenno's money, it totals 2.5 billion US dollars!!"
"Kobayashi Tenmoku... miscalculated! No, there was no problem originally. It was Newbikini who reported us to the US government, and he got us killed!"
...
Even for the Huo family, 2.5 billion US dollars is an unprecedented amount of money.
The Huo family's funds amount to approximately US$800 million, which is all the cash they can currently provide, much of which is secured by mortgages.
It's important to understand that even if five or six British conglomerates were to engage in short-selling bets on silver with Newbridge Capital, the total cash they could come up with would only be around one billion US dollars.
This time, the Huo family has emptied their coffers for a high-stakes gamble. If they lose, they might fall from being a top-tier family in Hong Kong to a third-rate one.
Meanwhile, the mainland side also invested nearly a billion US dollars, which can be said to be all they had, and the State Administration of Foreign Exchange's accounts were emptied.
The remaining amount was all the US dollars that Kobayashi Tenno could come up with a few days ago, and he also staked everything on it.
It can be said that if this battle were lost, it would be a heavy blow to the whole of China and even the entire Chinese world, and China's economic development would be at least three to five years worse than in the past.
The consequences were severe!
Huo Zhenting glanced worriedly at his father, Huo Yingdong, standing beside him.
Huo Yingdong sat upright in the armchair, his body motionless.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
