Chapter 215 Crazy Leverage



A few days ago, merchants who speculated on Artemisia annua and other medicinal herbs made a judgment that the price of Artemisia annua has been hyped to the highest level and there will probably be no more fluctuations in the short term.

But when Fan Zeng's memorial came out, the market once again taught these businessmen what madness meant.

In just two days, the price of Artemisia annua, which was originally worth twenty taels of silver per penny, once again skyrocketed.

The current market price is eighty taels of silver to one penny. This was the price early this morning. It may have changed by now.

Sake makes people popular, and money moves people's hearts.

Regardless of whether they were in the herbal medicine industry or not, everyone went crazy at this moment.

A new influx of hot money into this market has directly led to a situation where Artemisia annua has a price but no market.

Those who already had a lot of Artemisia annua in their hands did not take the opportunity to sell it.

According to confirmed information, the price of Artemisia annua will continue to rise.

If you cash out at this time, you will probably regret it later.

"Hold on! You must hold on, everyone! We've held on for so long, we can't give up at this last hurdle. Mountains of gold and silver are right before us. As long as we can hold on, we will definitely make a fortune!"

At another meeting, Xiao Jinquan excitedly shouted at everyone present.

Everyone had agreed to advance and retreat together, so Xiao Jinquan wanted to remind these people not to betray them at the critical moment.

The faces of the other people present also flushed. One excitedly slammed the table and said, "Don't worry, Shopkeeper Xiao. We are not fools. Anyone who has made it to a certain scale in this industry knows this. Now that the most juicy part has appeared, there is no need to focus on the bare parts."

"But I don't have enough money to buy it. I heard that the imperial court has mobilized a batch of Artemisia annua and they plan to put it on the market to drive down the price."

Xiao Jinquan nodded and said, "Everyone, my people also sent me a message saying that this is the court's last struggle. As long as the price of Artemisia annua can withstand this round of impact, even at the national level, there is no way to stop us from making a fortune!"

"Actually, I was just wondering where to find the source of the goods, but I didn't expect them to actually deliver it to my door."

"Don't worry about the money. I've already made arrangements with some banks I'm familiar with. In theory, they're willing to lend us money as long as we can provide reliable collateral."

"Which bank is it? Shopkeeper Xiao, please don't keep us in suspense. Whether we can make a fortune this time depends on whether the other party is willing to lend us the money!"

Someone else asked cautiously, "Shopkeeper Xiao, I wonder how much interest those people want?"

"They want three-tenths of a second!"

Upon hearing this, everyone present gasped.

To be honest, the interest rate of 3% is really too high. It is so high that even if you don’t borrow money, people who hear it will have the urge to twist their necks.

Seeing the hesitation on everyone's faces, Xiao Jinquan quickly said, "Everyone, why hesitate? This is a highly profitable business."

"I know you're short on cash, but that's okay. We can always mortgage other things. Of course, this isn't mandatory. If you think it's appropriate, invest. If not, please leave quietly."

Leave? You must be joking!

This is a once-in-a-lifetime opportunity to make money. Anyone who leaves at this time is a fool.

In such a short time, the shopkeepers present had already calculated how much money they had to pay per month.

Although the interest rate is indeed higher, it is nothing compared to the current price of Artemisia annua.

Even if the moneylender raised the interest rate by one or two times, it would still be a drop in the bucket for them.

As long as you can buy a large amount of Artemisia annua and sell it at the peak of its price, you can earn the interest in minutes.

So this group of people hurriedly found out which bank it was and made sure to contact them as soon as possible, in case there was not enough silver in the bank.

Someone even slammed his hat on the table and said, "Borrow it! I'll borrow it this time no matter what! I'll sell everything I have to borrow the money."

"Haha, selling everything I have is nothing. As long as the bank accepts it, I can even mortgage my wife and children!"

"I don't want my house anymore. I'm going to mortgage it all!"

Xiao Jinquan nodded with a smile and said, "Since everyone has this idea, I will contact the person from the bank. You can talk to him in person. How much money you can borrow from him will depend on your ability."

That night, a large amount of silver was borrowed from the money house by these people. In the process, the money house also obtained mortgage deeds of many people's properties.

As long as this group of people cannot repay the loan within the specified time, the real estate and gold, silver and jewelry they mortgaged will belong to Lu Chen.

With money in hand, they felt confident and rushed into the medicinal materials market again, snatching away all the Artemisia annua that the court had deliberately released.

Many people roughly calculated that if this deal could really be done, would he be as rich as a country in the future?

Even Mr. Qiao Si, who was in Yangzhou, could not hold back after hearing that the price of Artemisia annua had skyrocketed again.

The Qiao family has their own caravan, and they are also involved in the medicinal materials business.

Now, when he heard from his friends that speculating on Artemisia annua was so profitable, Mr. Qiao Si was immediately tempted.

He knew that Lu Chen was powerful, so he had been avoiding Lu Chen during this period.

But now something like this has happened, it's really fate!

He couldn't wait to see Lu Chen's grief-stricken expression, and he couldn't wait to get a ride in Lu Chen's car and make a fortune.

On the other hand, Mr. Lai tried his best to dissuade him, "Fourth Master, I think the price of Artemisia annua has reached its peak. It is not a wise move to enter the market at this time."

Qiao Si shook his head and said, "Sir, you don't understand. No one can resist the temptation of immediate profit. I've received news that more people are entering the market and more hot money is pouring in. The court wants to take us down by releasing some of the Artemisia annua quota and stop us from continuing to hype it up. It's a pipe dream!"

"I'll write a letter right now, and you can send it back to the old man at home and tell him that I'm short of money, really short of money."

“If the family cannot fully cooperate with me on this matter, then I will have no choice but to sell my shares and my property.

"I'm going to tell the banks down there that I'm going to go big this time. As long as they're willing to pay, the interest rate doesn't matter."

But just when these people spent all their money, bad news came!

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