Chapter 658: Assets Shrink



"Your Excellency is very wise and I admire you." The Jinyiwei began to flatter Cao Huachun.

"You're really good at talking. Go get some banquets to whet the appetites of our brothers. We all do dirty and tiring work, so we need to eat well."

"Thank you, Master Cao!"

The Jinyiwei ran out happily.

Under the dual influence of power and money, wine and food were quickly served.

"cheers!"

"cheers!"

......

Inside Zuixianju, eight gentlemen picked up their wine glasses at the same time and drank them all.

"Do you know how many copper coins one tael of silver can be exchanged for now?" asked the gentleman Li Pu.

"How much?" someone asked back.

"It's just over one thousand, no different from one thousand! A month ago, one tael of silver could be exchanged for one thousand five hundred coins!" Li Pu answered unwillingly.

"Ah..." The other gentlemen made unwilling sounds at the same time.

"If this continues, the copper coin will continue to increase!"

"No, strictly speaking, it hasn't increased." Li Pu shook his head. "When silver is exchanged for copper, the copper price does increase; but when copper is exchanged for silver, the price does not increase!"

"Well, let's not talk about these unimportant things for now. I just want to ask you, the court asked us to exchange all the silver in our hands into silver coins, will you do so?" Li Pu asked others.

"No!" A gentleman shook his head like a rattle. "One ounce of pure silver for one impure silver coin, whoever wants to do this kind of loss-making thing can do it, but I won't do it."

“No!”

"Yes, I won't change it. I don't believe the imperial court can ban the use of silver!"

"Okay," after hearing everyone's attitude, Li Pu raised his glass and said, "I'll toast to you all!"

"Cheers!" Everyone raised their glasses and drank together.

After finishing a glass of wine, Li Pu paused and said, "Everyone, I have an idea that I don't know if I should talk about it."

"Brother Li, please speak."

"I want to exchange some of the silver for copper coins."

"Why?"

"This morning I asked my servant to buy cloth. One bolt of cloth sold for 400 coins, and 1,000 coins could buy two and a half bolts! The servant said to pay with silver, and the seller said it was also two and a half bolts!"

"A month ago, one ounce of silver could buy three and a half horses!"

"In just one month, one tael of silver has shrunk to the value of a piece of cloth!"

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