C2702 A gamble of ?30 million (1/2)
The tavern was in an uproar as everyone was discussing this shocking war. At this moment, a gentleman seemed to have suddenly recalled something, picked up his hat and ran away.
Just as people were puzzled, the tavern's owner stopped wiping the cup. ”Aiyo!” Mr. Corsan is a shrewd man. Did he go to buy bonds and stocks? ”
”My God! Prussia won two games in a row! Their public debt is bound to skyrocket, and so are their Prussian stocks! ”
When people heard this, they were suddenly enlightened. Half of them immediately ran out after paying the bill. ”I have to take some too!”
London was the world's well-deserved financial center. Around the Bank of England, the Bank of England, there were more than five hundred banks with different property rights, large and small, including the long-established securities trading companies.
In the Victorian era, breathing here could control the pulse of the world, and every financial change here could set off another financial storm on Earth.
This was the area with the largest gold hoard in the world, and it possessed unimaginable wealth. In the Victorian era, the wealth of England had never been diluted by World War I or World War II, and the air was filled with the debris of gold.
It could be said that in this era, if any country wanted to fight a modern war for money, they would have to come here to try their luck. Even the attitude of the financiers here could determine the end of a war.
In Xiao Letian's previous life, Japan had raised tens of millions of yen from this place during the war.
Great Qing did not know how to raise money, so she used her own family assets or the family assets of Beiyang to wage war, while Japan received a small investment from a British financier.
Although the amount was small, it was still a form of support. Since the British financier had invested in Japan, but the Great Qing did not have any requests, then this would become a one-sided war.
European financiers naturally want Japan to win, because that is the only way they can make more money, and the energy they unleash also adds a few points to Japan's diplomatic breakthrough.
Later on, during the Russo-Japanese War, both sides raised a large amount of money from the City of London or issued bonds directly to the market. At that time, the citizens would buy Russian and Japanese government bonds, just like how the later generations would bet on their future generations.
With a high win rate in Russia, the odds were naturally low. If the odds in Japan were not good, then natural sales would also be depressed!
However, they never thought that Japan would win in the end. That is to say, the Investor who had eaten the Japanese public debt at the lowest price had all made a huge profit, and even multiplied their profits by a few times.
However, even if the bets were placed on the Russian side, they would not be able to take back much of their capital!
Now the war between France and Prussia was also a game of financial bets. The debts of both sides, the stocks of both sides, were closely related to the outcome of the war.
Before the war, the Investor didn't think much of Prussia. As a result, the price of Prussian public debt and stock continued to drop while the price of the France steadily rose.
The market has made the judgment of war, the investors are using their feet to vote!
But it never occurred to me that the war would be so unexpected. Some smart guys, eager to change sides, were ready to sell off their French assets and buy into Prussian financial products.
As a result, these smart people from all over London gathered on Finance Street. Upon seeing this scene, they were all frightened, because there were a lot of people who knew beforehand, with Bank of England as the core, the whole Finance Street was already packed with people.
All the banks were swarming with consulting gentlemen, who were asking for information about the bonds, and the clerks had just come out with three million pounds of Prussian bonds, and the gentlemen had rushed at them like mad dogs.