C670 make a fortune (2/2)
”The underground vaults that we hid on the Pacific Islands have almost been constructed. In the future, we'll need to hide a large amount of gold and silver, especially gold. We absolutely cannot spend it outside …”
”Why? They saved gold, but when they come back for gold, we didn't even give them one? ”
”That's right. If I don't take any gold, I can only take the gold in and not out!” Xiao Letian said resolutely: ”Master father, as long as we save gold, we can only give him 10% of it in the future. As for the rest, we will give them all the equivalent amount of silver coins.
”I secretly told Father that you need to keep this a secret. In the next few hundred years, Earth's silver ore production will gradually increase by several folds. This isn't a problem, but gold and silver is a trend …” ”Now the Europeans are using silver to trade for our Chinese gold. For thousands of years, it has been difficult for us to amass some gold. It is our duty to protect this people!”
”AHH!” ”So that's how it is. Alright, I'll give you an order. In the future, we'll give a discount to any merchants who settle accounts with us with gold. I won't be earning any more money, so I'll help you save enough gold …”
Xiao Letian knew that before the introduction of the Oil Dollar, gold was the root of a country's economy. Whether or not the currency was strong depended on the amount of gold stored.
After the Opium War, China's silver was in a state of net inflow, while its gold was in a state of net outflow. The reason for this was very complicated.
So if Europeans wanted to buy Chinese goods at that time, they had to go around the world fighting for silver, and then trade with the Chinese, while a large amount of gold was left in Europe.
After hundreds of years of trading, it had become a law for money, silver, and gold to flow eastward.
However, they did not expect that in the eighteenth century, when silver mines were found in large amounts in the colonies of nineteenth century and Europe, and when the silver mines of North America, Central America and South America were mined in large amounts, the international prices of silver would drop by a thousand miles.
Unfortunately, China does not have a colony. China is a poor gold and silver mining country. The purchasing power of silver inside China is still very high.
How could astute European merchants give up such a good opportunity to make money, trading cheap silver for China's domestic equivalent of silk, tea, porcelain and even gold?
The merchants of late Qing were all grinning from ear to ear as they held the silver in their hands. In fact, they did not even know that what they were holding in their hands was a piece of goods that had gone through a crazy devaluation.
But at that time, Chinese businessmen were unaware of the changing international financial situation, and they rarely engaged in large amounts of international trade. They just felt that they were getting more and more expensive to buy from foreigners, and didn't know that it was due to the decline in the purchasing power of silver.
On the one hand, and on the other, Europe's economic plundering of China was more frenzied than a few wars.
Now that the knowledgeable Xiao Letian is here, he has to protect the limited gold reserves in China. Since you guys like silver, then I will exchange it with you, of course, in the beginning I must do it secretly, I don't want any guns, I definitely can't alert Europeans, especially the founder of the gold standard, Britain.
”Before this daddy has a powerful navy, I will not let you know where my gold is hidden. You Europeans can plunder silver, but not gold.
Just as the old man and young woman were calculating the details of the gold and silver exchange, the Dragon Lord suddenly knocked on the door and said, ”Prime Minister, today is the end of His Majesty's military training. He had been looking forward to see if you could teach him the spear since the three hundred guards from the capital have arrived at the pier.
”Aiya, I'm so busy that I forgot, I'm going now. Zai Chun has performed too well in the past half year, it's really inappropriate to not praise him!”
The Three Treasures, Doro, and Ma Qun... The eight banner guards that came from the Beijing walked down the ship in a long queue, and under the lead of Eunuch Man Shun and Jiang Lie, they stepped onto the land of the Ryukyu.
”Everyone has... Two columns, according to the formation I taught you on the road, ready to enter the city! ” Company Commander Jiang roared out.
”You stinking brats, all of you think that you are already great under the's Son. Let me show you what a true flourishing city looks like now …” ”Their eyes are all wide open, one two one …”
As they walked on the streets of the city, the Three Treasures Eyes were no longer sufficient. There were gantry cranes, pulleys, mountains of goods, and even a large group of Kunlun slaves among the people of various colors.
All sorts of hawking noises rang out. They did not recognize many of the goods in the world, but what made them even more astonished was the cleanliness and wealth of the city. Entering and exiting the streets were statues made of pure copper, as if showing off some important deeds.
There was not a single piece of debris on the stone path. There was even a pure stone road. Only the heavens knew how this stone was dug out.
However, a young kid in a suit on the street mocked Duo Luo's question ruthlessly, ”Are you from Qingguo?” ”We don't even know the water gate. This is cement, water mixed mud …”
What? Don't lie to me when I'm learning less. A group of Eight Flag disciples glared at him.