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Just as President Bush flew to the US aircraft carrier with great enthusiasm and announced the end of the Iraq war, Yang Xing also set foot on South Africa's land and nominally wanted to inspect the two gold mines under his command.

Yang Xing had changed jobs several times before his rebirth, and he felt that what was most helpful to him was his working experience in securities companies and real estate companies. The experience of real estate companies allowed him to accurately seize the initiative of the start of the domestic real estate market. Since then, he has guided the domestic real estate market with various advanced real estate concepts. Not only has Xinghua Real Estate become the leader and learning target of the domestic real estate industry in one fell swoop, but he has also obtained high returns by developing hot sales of boutique properties.

But what benefited him the most was his not-too-long working life in a securities company. Although he was just a idle job in the office management archives at that time, it was not his turn to go to work in the stock market himself. But because he liked to study, he read a lot of historical articles and materials about domestic and foreign stock markets, futures markets, and various financial theories during that time.

Originally, this knowledge was just a topic of paper talk in his previous life, and was often used as an opening remark for picking up girls. He has always been a theory giant and a practice dwarf. He never expected that after rebirth, with the help of the memory in his mind, he could thrive in the financial market as if he had God's help. Now most of his wealth has been back from the financial market, thanks to his ability to "predict" future market changes.

Many times, hindsight Zhuge Liang can often see the essence of the incident better than the parties involved, because the summary and multi-angle observations of the past can provide a relatively calm and objective analysis. As hindsight Zhuge Liang, who had long known that the international gold market was about to usher in a new bull market, Yang Xing certainly could not miss this opportunity.

When he suggested to the central government that the proportion of US dollar assets in foreign exchange reserves was to increase the proportion of gold reserves, the solution he proposed was to increase the proportion of gold reserves, and as a businessman, he naturally made arrangements early. Now, Zhongxing has purchased gold mines and established gold companies in South Africa, Australia and other countries, the world's main gold producers. This time, he had to take advantage of the gold price falling to the bottom and make every effort to enter the international gold market and become a big player. When the gold price rebounds this year, he will make a big profit.

Although gold has gradually lost its currency preservation role in recent years, it has not been completely forgotten. In recent years, the international financial community has given it the function of hedging. Since the US dollar is a designated tool for the balance of payments, the US dollar index has become the weather vane for the trend of medium- and long-term appreciation or depreciation of the US dollar. After long-term tracking, the international financial community has found that there is a negative correlation between the US dollar index and the gold price, that is, the US dollar appreciates and the US dollar falls, and the US dollar depreciates and the gold price rises.

According to the history known to Yang Xing, in the long run, the now-looking majestic American economy will inevitably decline after being baptized by the wars in Afghanistan and Iraq. The depreciation of the US dollar will be long-term, and the corresponding gold price will soar.

Since he knew this trend, Yang Xing had to make a countermeasure. He read the information that since the 1990s, the European Central Bank has continued to sell gold for many years, especially when the gold price plummeted, and was widely questioned by the outside world, believing that it would sell gold at the lowest point. Later, as the gold price continued to strengthen, these central banks began to buy gold back, and were even accused of buying it at the highest point. Even central banks in Western countries could not grasp the key points when buying and selling gold. If he wanted to seize the opportunity, he would only consider starting from the gold market.

In addition to being related to the US dollar and oil, the international gold price trend is the most affecting future price trends. In the past ten years, gold could rise to nearly US$2,000, ten times more than the current price! In addition to doubts about inflation, terrorism and the possible depreciation of the US dollar, the main reason is the imbalance of supply and demand. The reason is that after the gold price collapsed in the 1990s, many mining companies reduced their investment, resulting in a decline in gold production capacity.

Yang Xing has a survey report jointly issued by Xingfu Investment, Xingwei Resources, and Xingdou Research Institute. It shows that the top 70% of global gold in the 1970s were supplied by South Africa. So far, South Africa is still the world's largest gold producer, but its production capacity has dropped to one-third at that time. Among the world's largest gold production capacity countries, South Africa accounts for 12%, Australia and the United States each account for 10%, China 9%, Peru is 8%, and Russia and Indonesia are both 7%.

Gold mining in China, the United States, Russia and other countries mainly serves domestic gold reserves, so only South Africa, Australia and Peru can have a significant impact on international gold prices. This report specifically states that after thousands of years of mining by humans, there are now very few gold mines exposed to the surface of the earth. 150 years ago, people could easily obtain gold at the riverbed in the western United States, but it is much more difficult to find gold mines.

It is internationally recognized that it takes ten years to develop new ore or expand old ore sources to study, invest and pass environmental impact assessment. First, use computer models to estimate ore veins that may contain good gold particles. This process alone takes several years, and then it takes hundreds of meters underground to mine a certain number of gold-containing ore, with a unit prospecting cost of up to US$19 per ounce!

When the gold price falls, many companies will save these capital expenditures; and when the gold price begins to rise, the speed of investment to obtain returns will not be too fast. In the 1990s, gold prices were in a slump. Many companies took risk aversion measures to sell future production capacity to banks at the time of the gold price. In order to pay, banks prepaid gold reserves to the central bank, and then sold them to fill it with the subsequent production capacity. This became a vicious cycle, filling the market with gold and further lowering the gold price. Many gold companies went bankrupt, mines closed, and workers were unemployed.

Yang Xing asked Lin Jiana to go to South Africa to develop, which had multiple purposes. At that time, Zhongxing had already built a big situation in South Africa. He had no intention of letting his women open up land and suffer. Yang Xing used his overseas fund to buy two large gold mines with great potential in South Africa. The other party's bid was unbelievably low, and he also gave a large piece of grassland around him. In addition to mining, Lin Jiana and the others could train on it. Now that the time is ripe, Yang Xing is going to South Africa to appreciate his achievements.

Why is he going to enter the international gold market now? Because of the emergence of several favorable conditions, the 2001 "911" terrorist attack made the Americans stand out in the banner of the global war against terrorism. He first sent troops to Afghanistan, and this year, the Iraq War started, causing chaos all over the world. For a time, wars broke out in the Middle East. Out of a risk aversion mentality, a large number of local oil dollar entered the gold market, a safe haven for safety.

Then there was the main factor that affected the sharp drop in gold prices in the 1990s. Western central banks' scramble to sell gold was finally curbed. In 1999, central banks in Europe realized that due to the lack of supervision and control, their sale of reserve gold caused international gold prices to hit new lows. Such practices would only damage the value of their gold reserves. The gold price is likely to fall without restrictions, which eventually leads to market collapse. The central bank's gold reserves held by the gold bank are notorious.

Under this circumstance, Western countries finally joined forces. In 1999, under the auspices of the United States, several major Western economies reached the Washington Agreement, which stipulated that between 1999 and 2004, the total amount of gold sold by the central banks of the agreement should not exceed 2,000 tons, and the contract can be renewed after the agreement expires. This effectively controlled the amount of gold placed by central banks in the market. Starting from 2000, the world's gold futures prices began to stabilize, changing the situation where gold prices continued to fall.

In addition, in recent years, gold flow has begun to undergo major changes. Overall, the European Central Bank has sold some gold reserves, while some Eastern countries, such as Russia, India, China, Japan and other countries, have begun to increase their holdings of gold in large quantities, forming the largest transfer of gold in history, which is called the "West-Gold Movement East" phenomenon, and this transformation speed is still accelerating.

The Russian Central Bank is the most positive of the central bank. Due to the collapse of the Russian financial market in 1998, a large amount of funds flowed out. After Putin came to power, the Russian government used oil exports to vigorously strengthen the construction of national foreign exchange reserves. Currently, gold reserves rank third in the world.

In addition, India is also the new force in gold purchases. Like many Asian countries, India regards gold as a symbol of wealth. People have the habit of purchasing gold as gifts or dowry. It was originally the world's largest buying country for gold jewelry. With the development of India's economy, the demand for gold has risen even more.

Yang Xing had long persuaded the central government to increase the proportion of gold reserves in foreign exchange reserves. Not long ago, the State Administration of Foreign Exchange entrusted him to help exchange part of the US dollar foreign exchange for gold. Yang Xing was very concerned about this secret political task and wanted to buy more for the country before the price of gold rose. Even for him, his acquisition of gold minerals is also very beneficial to the business of his company.

Global jewelers use 70% of the gold supply every year. Italy was originally the main global jewelry manufacturer, but recently Turkey and India have snatched away a lot of Italian businesses at low prices, mainly because of the pursuit of gold jewelry by the people of the two places. Xingmei Fashion’s first shot into the luxury industry is to enter the jewelry industry. Only good raw materials can make good jewelry. Yang Xing believes that as long as the source of gold is controlled and the skillful hands of Chinese workers will have a great chance of competing with Turkey.

Gold is also widely used in electronic products, because gold is a perfect conductor, and gold can be seen in almost every computer. These are related to the business of Zhongxing Group, which share 15% of the global annual gold supply. The remaining ones are mostly used in gold bars or bricks to enter private investors or government reserves. For Yang Xing and his company, South Africa's gold mines have endless potential!

For my persistence, I still have a shameless attitude to ask for monthly tickets, some gold, and collect them!

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Chapter completed!