This son-in-law is wicked in a good way!
Chapter 129 They all ended up on the same stage.
When everyone saw that stocks could actually be exchanged for silver, and that the imperial court was backing them, they were all tempted.
Jiang Ji, the Left Vice Minister of the Ministry of Works, squeezed out of the crowd, holding up the silver notes in his hand and shouting, "Zhang Tiewei, how many stocks do you plan to sell today? I'll take them all."
Zhang Ping'an smiled and said, "Still 10,000 shares."
"Alright, give it all to me. Here are sixty thousand taels of silver notes." Jiang Ji stood in front of Zhang Ping'an, panting, his old face beaming with a smile.
"Okay." Zhang Ping'an handed the prepared stocks to Jiang Ji.
"Lord Zhang, selling only 10,000 shares a day is a bit too few, isn't it? We see more and more people coming here; shouldn't you increase the number of shares?"
A middle-aged wealthy merchant with an honest appearance, wearing an expensive silk robe woven in Jiangnan, looked at Zhang Ping'an with a smile.
"That's right, Lord Zhang, please add some more, we want to buy some too!" Many people pleaded.
Zhang Ping'an smiled and said, "Since everyone is so enthusiastic, I hereby announce that starting today, 20,000 shares will be sold daily."
"Stock prices have also changed from being updated daily to being updated every hour."
"Okay, give me two thousand shares." Immediately, someone stepped forward with silver notes.
"I want 1,000 shares!"
"I want 500 shares..."
The 10,000 shares were quickly snapped up.
Those who hadn't managed to buy any stocks could only continue to plead with Zhang Ping'an: "Young Master Zhang, please give us some more stocks!"
This time, Zhang Ping'an shook his head and refused.
"I'm sorry everyone, the exchange only sells 20,000 shares per day. If you want to buy, you can consider purchasing them from other shareholders."
Just kidding, if there were no purchase limits, how could we create the illusion of a nationwide frenzy?
Just like a classic saying from later generations: When even the aunties at the vegetable market know that buying stocks can make money, if you don't run away and leave the market, then you're just waiting to be harvested!
Please check the stock price every hour!
After Zhang Ping'an finished speaking, he turned around and went behind the counter.
Immediately, people who liked to speculate began selling their stocks.
"Sir, didn't you want to buy stocks? I have five hundred shares here. Would you be interested?"
"Oh, how do you plan to sell it?"
"Seven taels of silver per share, I'll sell you all five hundred shares."
"make a deal!"
It's clear that the person who bought the stock is bullish on its future performance.
Such situations occur from time to time.
After all, many people believe that it's best to secure their profits as soon as possible when it comes to such emerging products.
However, an hour quickly passed.
When Zhang Ping'an put the new stock price on the counter again, those who had just sold their stocks wished they could slap their thighs in frustration.
Eight taels per share.
"No way! The price went up by two taels of silver in just one hour!"
"This is insane!"
"If we had bought on day one, we could have made seven taels of silver per share by now!"
"What? You think seven taels of silver per share is too high? Heh, if you knew how much the toll would be collected every day after that road was built, you would understand that seven taels per share, even if it were doubled, wouldn't be expensive!"
This is a knowledgeable doctor from the Ministry of Revenue.
The Ministry of Revenue has already compiled statistics on the caravans traveling between the two capitals in the past three years.
Based on a tax rate that everyone can accept, the amount of silver collected in a year could reach tens of millions of taels, and this is only a conservative estimate.
Moreover, as the population of the Great Wu Dynasty grows, tax revenue will increase year by year.
After the price of each share rose to seven taels of silver, some people continued to be bullish and began to buy up shares in large quantities.
Of course, some people are not optimistic and believe that the price will fall next.
After another round of buying and selling, an hour later, the stock price was updated again.
Eight taels of silver per share.
Immediately, another group of people were filled with regret.
Meanwhile, those who had been watching from the sidelines and missed out on the initial surge saw the stock price rise so quickly and assumed it would reach ten taels of silver today, so they rushed in to buy it from others at high prices.
"I'm offering nine taels of silver per share. Anyone interested?"
This person is Zheng Xiu, an assistant director of the Ministry of Works.
He regretted not buying shares when they were two taels of silver, as the Minister of Works had suggested; otherwise, he would have made a fortune by now.
"I'll sell!"
Some retail investors who bought shares for five taels of silver gritted their teeth and decided to sell.
Another hour passed, and sure enough, the stock price rose to nine taels of silver.
The number of people gathering at the exchange is also increasing.
Some of the children of powerful and wealthy families in Beijing were also attracted here.
After learning about the basic operations of stocks, these young second-generation individuals were immediately captivated.
They immediately bought up the stock at a high price, driving the price up to twelve taels.
Seeing the stock market skyrocket, those who had sold their shares were filled with regret, and some even bought them back at high prices.
This behavior may be incomprehensible to outsiders, but those involved find it perfectly reasonable.
Because they were blinded by the stock market frenzy, believing that stocks might rise to fifteen taels per share tomorrow.
The Minister of Personnel and the Left Chancellor, who had been observing the situation, finally couldn't hold back any longer.
They bought in at high prices.
"Hmph, I'm determined to make back the money I spent on the house!" The Left Prime Minister had forgotten his lesson and was even starting to regret not making a move when he had only a tael of silver per share.
However, he felt it wasn't too late to act now, because at this point, everyone was basically 100% certain that stocks could indeed make a lot of money.
As the stock price soared, a large number of retail investors flocked in, including some wealthy people, people from the six ministries of the imperial court, and even people from the royal family.
By the time the stock exchange closed, the stock price had risen to fifteen taels.
The price changed from six taels per share when the store opened in the morning to fifteen taels per share when the store closed at night.
Jiang Ji felt like his heart was in his throat all day, and he was completely dazed when he left the stock exchange.
"Originally, I planned to sell when the price rose to ten taels of silver per share, but now it seems that the value of this stock is far more than that."
"I estimate it will rise to thirty taels per share in a couple of days. No, ten thousand shares is too few. I'll buy another ten thousand shares tomorrow."
Minister of Works Lu Zhanshan was so excited that his body was trembling. He was over fifty years old and hadn't touched a woman for half a year, but today he insisted on having a big battle with his two concubines.
His wife was terrified that he would suddenly die!
He bought 10,000 shares when they were two taels of silver each, and now he's made a fortune.
"No, buy another 20,000 shares tomorrow!"
Lu Zhanshan remains bullish on stocks.
Tonight, the topic of conversation throughout the capital is remarkably consistent: stocks.
Even within the elite circles of Beijing, if you don't understand stocks, almost no one respects you.
From a few thousand shares to a few dozen shares, almost everyone has participated to some extent.
Those who made money all claimed they sold too early and planned to buy it back the next day.
Those who were initially pessimistic, such as Zuo Xiang and Zhang Xuanling, have now all become stock market investors.
No one would turn down money, especially someone who has seen others make money with their own eyes. How could you sit still?
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