Chapter 1012 Market Recovery!



Seeing that Afang and Aunt Cui were both grinning foolishly, Chen Dong finally couldn't help but say, "Gold retains its value because its reserves are relatively fixed."

"However, the TV station's recommendation to buy gold does not mean that you should actually go to the bank to buy gold."

Afang's father didn't understand. He asked blankly, "If we don't buy gold at the bank, where do we buy it?"

Chen Dong explained helplessly, "You can open a foreign exchange account at the bank and exchange Hong Kong dollars for gold as a store of value. This way, your assets will be preserved, and you won't have to risk bringing back two pieces of gold."

Where do you plan to store these two pieces of gold?

After saying that, Chen Dong laughed at him, "Uncle Long, you got ripped off buying this gold."

"The Hong Kong dollar faces two hurdles: the Southeast Asian economic crisis and the possibility that George Soros's foundation could launch an attack on it."

“There are predictions all over the world that the Hong Kong dollar will definitely depreciate.”

"So many people followed suit and exchanged their Hong Kong dollars for gold. However, Hong Kong banks have fixed gold reserves. When everyone followed suit and bought gold, the gold market became a seller's market, which drove up the price of gold."

"Is the price of gold you're buying now much higher than before?"

Afang's father nodded helplessly. He had finally felt that he had made the right decision, but after calculating everything, he still ended up losing money.

Holding the box containing the gold, Afang's mother was unsure whether to laugh or cry; her earlier excitement had completely vanished.

"It's alright, we've exchanged our money for gold, so we feel more at ease now," Afang reassured them.

Ah Fang's father sighed and said to Chen Dong, "Xiao Lu, you're the smartest one. I should have discussed it with you before I exchanged the money for gold."

These past few days, Uncle Long has been busy running around, trying to find connections and banks to exchange his Hong Kong dollars for gold, hoping that if the Hong Kong dollar depreciates in the future, he can still preserve some of his assets.

With so many people exchanging gold, Afang's father neglected his shop's business, rushing to the bank overnight to queue and pull strings. He never imagined he'd find himself in such an awkward situation.

"Xiao Lu, you have such a clear understanding of the economic situation, you must have been a big boss before, right?" Afang's father suddenly asked him.

Chen Dong smiled and lowered his head, not taking those words to heart.

He has lost all his memories, so there's no point in exploring them anymore.

Upon hearing her father's words, Afang's face immediately fell.

She and Chen Dong were ultimately different. During this time, Afang kept comforting herself, thinking that Chen Dong might have regained his memory and would still be the same as before, occasionally helping out at the braised food shop.

They've spent so much time together, they must have developed feelings for each other.

But over time, Afang gradually realized that Chen Dong's world and her world were too far apart.

Seeing her daughter's distressed expression, Afang's mother assumed she was worried about the family business and quickly went over to comfort her, saying, "Don't worry, business will definitely improve."

Ah Fang glanced up at Chen Dong and saw him casually playing with gold while talking animatedly with her father about the future financial situation in Hong Kong.

She looked at Chen Dong cautiously and couldn't help but sigh.

Television stations have reported extensively on Soros's affairs, and many television analysts have predicted that Soros's next target will be Hong Kong.

Hong Kong's Monetary Authority and Financial Secretary had made considerable preparations, but as time went by, Soros still made no move, which made those waiting increasingly impatient.

One day, Wangcai noticed a small fluctuation in the Hong Kong stock market.

He took the data to Longteng's office and said to Annie and Zhou Huimin, "Soros has begun his operation."

“His foundation has bought a lot of small-cap stocks,” Wangcai said, looking at them with some disbelief, “going long.”

"Soros... he's actually going long?"

Annie, Zhou Huimin, and Lin Zhiyuan looked at each other in bewilderment. Soros had been giving speeches all over the place recently, and all the news he released on public platforms was negative.

Soros has now gone long. What is he trying to do?

Wang Cai analyzed, "Soros is very likely buying small-cap stocks to present a bullish stance and using his fund to accumulate shares."

"Once the market sentiment has been stirred up, they will turn around and let the white gloves act as market manipulators, shorting in large quantities."

Soros's front men are Asia Travel Capital in Southeast Asia and Yellow River Capital in Hong Kong. Soros has launched several monetary and financial speculation operations around the world.

Many regional and national governments have already blacklisted him, so if he tries to enter the market directly using his foundation, he is likely to face obstacles.

In Southeast Asia, he found investment companies and investment banks, and then used his own private equity fund to invest in conjunction with local investment companies, thus giving him a white glove that allowed him to move freely in the region.

Analysts within DragonTech speculate that Soros will split his funds into two parts.

Their small-scale probe was conducted in the name of the foundation, while the other part of the funds was undoubtedly a front man controlled by Soros.

The foundation has already mobilized, and the white gloves are probably still lying in wait.

Soros's foundation comprises several private equity funds, including Tiger Fund, Quantum Fund, and others with which he has worked closely.

The day after the foundation entered the market, the Hang Seng Index rose, increasing by 200 points from [previous level] to [new level], and the Hong Kong dollar market rebounded.

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