Chapter 372 Currency War (8)
Gold, the world’s first certified virtual currency and establishing itself as an international currency around the world.
Normally, this gold, which had a stable value of 100,000 won for 1 gold, began to rise with a tremendous upward trend. And the uptrend was terrifyingly unstoppable.
– Urgent Breaking News. Exceeded the market price of 350,000 won per 1 gold.
-A staggering increase of 350% in just 3 days. What caused it?
3 days.
The price of gold soared 3.5 times the original price in the first 3 days of the rise. Because people around the world were actively trading in an active market without a single day off in 24-hour free trading, it was possible to repeat a tremendous rise in such a short period of time, but President Lee Mi-yeon’s face looking at it seriously hardened.
[Is this such a serious situation?]
Jack, the creator of Arcadia, asks looking at President Lee Mi-yeon’s poop-chewed face. He was not very interested in the real world beyond virtual reality, and all the complicated political and economic situations that were happening right now were just a headache that he didn’t want to even think about.
“Serious. It seems that the damn Chinese government has made up its mind and thoroughly prepared to eat properly behind the scenes. By attracting a huge amount of money, they wiped out most of the gold circulating in the auction house. A huge amount of up to 40% of the total distribution.”
Of course, that’s not all the money in the hands of the Chinese government, but starting from famous celebrities to conglomerate heads and high-ranking officials, the gold wallets of unheard-of Chinese accounts contain gold worth as little as tens of billions and as many as tens of trillions of dollars. said the boss. But Jack tilted his head as if he couldn’t agree with her words.
[Well… that sounds like a lot. Still, isn’t this just ‘a little’ too much? Let’s say it’s not 40% of the total issue amount, but the value of the gold that has been released so far… I think it’s at a cute level…]
Jack grinned and muttered.
As the creator who designed and built Arcadia himself, he couldn’t understand the idea of the Chinese government hoarding gold in order to take over Arcadia’s economy.
[97.49% of all goods in Arcadia are still in the hands of NPCs. That is, the assets possessed by adventurers and circulated among them are only 2.51%. In such a situation, you’re going to increase the market value of gold by hoarding like this…?]
In theory, if all the wealth of the existing NPCs were passed on to the users, an additional supply of nearly 50 times more would be released. Therefore, as time passed, the Chinese government naturally had no choice but to suffer losses.
[This is a completely stupid thing to do for others. Only ordinary people who used to earn gold to pay for their living expenses would die very well?]
A golden opportunity for only those who previously earned gold from games to cover their living expenses and pocket money to make huge profits from the sudden surge in market prices. And in fact, the regions and people who made a living in Arcadia, including Africa, were full of joy.
– Ohhh! Long live Arcadia!
-If you receive gold in the game for 3 days, you get a monthly salary?
-Gold mining Gaza! Coin Mining Kazuah!!!
-If the price is maintained at this level…. I can send my child to school too!
That’s why Jack wasn’t looking at this very seriously. Just thinking that the artificially manipulated market price will come back naturally as time passes.
[Why don’t you just ignore it and leave it alone? Anyway, as time goes by, gold is mined… It’s not like this….. The number of earners will continue to increase, and the market price will naturally return to the original price in the end, right?] But such a
Jack At the words of , CEO Lee Mi-yeon smiled bitterly.
“Do you really think so?”
[yes? What is it?]
“The price will naturally decline over time. Rather, only the Chinese government that bought the gold will suffer huge losses, and no one will lose. If you really think so, Jack is overestimating the world. The world isn’t a place that only revolves around rationality.”
CEO Lee Mi-yeon talks so cynically and pessimistically. At her words, Jack put on a puzzled expression and tried to ask back, but President Lee Mi-yeon spoke too quickly.
“Alice, can you share the data and report that you and I predicted with Jack?”
[I understand.]
A vast amount of data immediately floated before Jack’s eyes at her words.
Hundreds and thousands of documents and photos and video data came in like a tsunami, but Jack, who can interact 100% with machines and brains, just recognized and synthesized all the data in an instant to gain insight into what she was saying.
[This is… what the heck…?]
Numerous cases and situations pop into his mind.
They were all the ugly actions of humans full of mad greed.
[The reason why the virtual currency gold rose this time is that the low interest rate close to zero in the United States Federal Reserve and governments of each country are coupled with the liquidity expansion supply policy in which money is scattered, and the huge amount of money released in the market is rushed to investment in virtual reality. It’s a phenomenon. As long as it has already been internationally recognized and decided as an official currency, it is expected that the market price will continue to rise in the future. If you want to hear additional analysis and receive investment advice, text me at 010-3xxx-xxxx…..]
[100% return guaranteed. The rising trend of virtual currency gold. 50% guaranteed short-term profit. Full refund if target rate of return is not met. Please call me right now.]
[Gold rice cake Gazua~! 1,000,000 won per piece, Gazua!!!!]
[I paid 1.5 billion won for the credit loan pool. Challenge life reversal!!]
[Have fun! everyone! Johnber is the answer. Do not be swayed by the swaying waves. I’m going to wait until I go to 1 million won. Successful battle!]
The price of gold has more than tripled in just 3 days in a situation where you couldn’t buy it yourself. That alone made my stomach hurt, but when the success stories of those who made huge profits by moving quickly began to circulate here and there through the Internet, the eyes of those who saw it went blank.
That’s how many small individual investors around the world are entering hell on their own feet. The investment procession of these ants was also a staggering situation, but Jack was choked up in a situation where he was heading to a further end.
[Wait a minute. Are you saying that even public funds such as pension funds and institutional funds are joining this maddening investment procession?]
“Yes. Soros’ Miracle Investment is leading the recruitment of investors and persuading other hedge funds and other institutions to join this speculation procession. Among the brokers, they even create strange derivatives among themselves and use leverage.”
Soros, who smelled money faster than anyone else and acted preemptively and strategically. When he, who had a high reputation, started to open his mouth and talk about the rise in the price of gold, and started to move the funds of all kinds of institutions, the situation was spreading out of control.
[Ha….. This makes no sense…..]
Jack realized how absurd and serious the situation was, even if he had no common sense. In this situation, it was obvious what would happen if China started to realize its profits.
“If the price goes down in this situation, it will create a lot of victims. Of course I’m not defending them. Whatever it is, buying gold at such an insane price is a decision you made on your own, and in this situation, it’s not an investment, it’s just mad speculation.”
President Lee Mi-yeon has no interest in those who engage in ignorant speculation without thinking. However, she said coldly with a face that this was absolutely unacceptable.
“But if things go that way, governments that have suffered greatly will lose confidence in gold. The antipathy of users who have suffered huge losses will also increase, and governments, which have no choice but to pay attention to public opinion, will not be able to promote friendly policies as they are now.”
[Then, it is clear that only the Chinese government will be satisfied by making huge profits, and will simultaneously achieve the goal of preventing and slowing the strengthening of gold and the US’s economic influence. Now I can understand a little bit of what you are talking about.]
Jack received all the relevant information into his brain through Ellis and grasped the current situation a little more deeply from President Lee Mi-yeon’s explanation. So he was able to realize that behind this simple gold price increase was a slightly more complicated international diplomatic and political problem.
“As the influence of virtual currency and virtual reality expands, it will naturally increase the presence and influence of the United States around the world. Whatever it is, this company and all the companies that have the original technologies that make up Arcadia have very close ties with the United States.”
American corporations Corporation Argos and Silicoff. And Ajin Electronics, a Korean company.
Since these three companies possessed all of the original technologies and kept the core technologies and facilities strictly confidential, China was only fed up with their growth.
“The United States is encroaching on the world’s economy with these powerful corporations that are not affected by China’s influence in the slightest. And now that they are issuing an unheard-of currency called gold and threatening the position of the yuan, we couldn’t just stand still. That’s why it seems like he’s trying to properly interfere with it in this way, but…”
CEO Lee Mi-yeon frowned as if she had a headache and blurted out her words. At her words, Jack nodded.
[I understand the situation. But is there anything we can do about it? As the boss knows, isn’t this an issue that was beyond my authority a long time ago?] A
huge and complex economic system intertwined and intertwined across the vast continent of Arcadia.
That was not a problem that even Jack, the creator, could easily touch.
[You know that such a method of adjusting the market price by copying or generating gold and selling it is impossible even for me in the first place, right?]
“Are you out of your mind? If I did something like that, the whole company would just blow up in the air?”
Arcadia thoroughly removed and limited all means to prevent artificial intervention in order to adjust the market price. Therefore, although there was a problem of being vulnerable to such external manipulation, fairness and transparency were the most important and fundamental factors for gold to receive international recognition as a virtual currency. was
[Then what do you want me to do?]
“First of all… there is one method I am thinking of. But it’s not something I can handle on my own, so I’m not sure.”
[What kind of method is that?]
“We can’t make gold ourselves. But there is one person who can extract that gold from an NPC, right?”
[That means… no way…?]
The NPCs who still control most of Arcadia’s economic sphere.
When President Lee Mi-yeon said that he would extract gold from them, Jack asked what he meant by that and immediately froze as if he realized something. And to Jack, President Lee Mi-yeon murmured, snorting loudly as if she was tired just thinking about it.
“We should ask our secret friend. How can you not convert the gold you have in your pocket into cash?”
