Reborn in America: Starting as a California Resident

What's interesting is that after news of the Hunt family manipulating silver spread, the price of silver continued to soar, and many small speculators began to enter the market.

Everyone felt that since a big player like the Hunter family was "manipulating" the market for Silver, it wasn't unreasonable for small speculators like them to take advantage of the chaos.

Opportunities like this, with relatively low risk but the potential for huge short-term returns, are rare!

随着越来越多的投机者涌入市场，白银价格变得愈发疯狂——从每盎司11美元一路攀升至20美元、30美元，到了1979年底更是突破40美元大关！

The gold-to-silver ratio has fallen to a historic low of approximately 12.

The futures market is gradually losing control over silver, and a financial storm is brewing.

When will the price of silver stop rising?

This is a question that lingers in everyone's mind.

Large futures traders in Chicago and New York were extremely dissatisfied with the Hunter family's monopolistic practices.

到了1979年年底，亨特家族已经控制了纽约商品交易所53%的白银期货合约和芝加哥期货交易所69%的白银期货合约，总计掌握了1.2亿盎司的现货白银和5000万盎司的白银期货合约——而这还不包括那些沙乌地阿拉伯投资者以个人名义持有的白银。

At that time, the global annual silver trading volume was only about 2000 million ounces, and the Hunt family had effectively cut off the silver circulation channels!

The largest grain trader at the Chicago Mercantile Exchange once made a weighty statement: "We would rather the silver market collapse than see it monopolized."

The Hunter family has provoked widespread anger, with major American traders turning against them.

Silver producers worldwide were thrilled and quickly launched plans to find new silver mines, with many previously closed mines being reopened.

Ordinary residents in America and Europe were also overjoyed by the rising price of silver. They rummaged through their belongings to find ancestral silver tea sets and other silver ornaments. Any item containing silver was sent to the furnace without hesitation to be made into standard silver ingots and put on the market.

As a result, the supply of silver in the market began to increase, and the Hunt family's monopoly on silver prices faced a severe challenge.

Despite Nelson Hunter's continued efforts to buy, he has begun to show signs of exhaustion – no matter how vast the Hunter family's wealth is, trying to go against the world ultimately seems too arrogant.

More importantly, the Hunter family's biggest enemy has yet to make a move: the U.S. government.

The U.S. government holds a large silver reserve, including silver bullion in the Federal Reserve and silver coins issued and withdrawn in earlier years, which may total tens of millions of ounces.

Central banks around the world also hold large amounts of silver reserves. Although no single central bank could possibly hold more silver than the Hunt family, if they joined forces to intervene in the market, the Hunt family would face annihilation.

By January 1980, the Hunt family had achieved remarkable success—the price of silver had soared to $48 and was heading toward $50.

Most of the short sellers who fought against the Hunt family have already cut their losses and left the market; no one dares to short sell on a large scale anymore.

However, the Hunt family also felt heavy pressure because the price of silver was too high, and their capital was no longer sufficient to push the price up further.

In order to maintain control of the silver market, Nelson Hunter was forced to borrow from several major U.S. banks at interest rates as high as 19%.

Wall Street investment banks also provided the Hunter family with huge loans, allowing them to temporarily continue their market manipulation games.

According to an investigation by the U.S. Commodity Futures Trading Commission, by the winter of 1979, the total value of silver futures contracts held by the Hunt family had reached $30 billion.

By January 1980, the total value may have exceeded $5 billion!

In just two months, from the end of 1979 to the beginning of 1980, the Hunt family borrowed tens of millions of dollars from major U.S. banks and more than $2 million from Wall Street brokers, becoming almost the largest borrower in the United States and even the world.

They have to pay millions of dollars in interest every month, making manipulating the silver market a money-burning game that consumes even more funds than war.

Similar to silver futures, the gold market will also see a significant surge in January 1980;

While not as frenzied as silver, this was undoubtedly a feast for any speculator.

Henry planned to exploit the Hunt family's manipulation of the silver market to further destabilize the precious metals market, thereby launching a daring speculative operation.

By January 1980, the price of silver would soar to $50 per ounce, while the price of gold would reach over $700 per ounce.

With such a huge profit margin, how could anyone not be greedy?

This is also the main reason why Henry put down the huge mess of Dream Software – after all, he really didn't feel comfortable handing over such an opportunity that could rapidly increase his wealth to someone else.

In the conference room of Apollo Capital on Wall Street, Henry, facing his energetic new team members, said with a smile, "Welcome aboard the train to wealth."

We now need everyone to enter the company's safe house. Everyone involved in this operation needs to sign a confidentiality agreement.

After signing the agreement, each person will receive a $2 resettlement allowance; the bonus will be distributed upon completion of the operation.

Henry added, "However, I should make it clear beforehand that this operation could last for quite some time, approximately six to nine months."

Please make your choice based on your own circumstances.

Julian Robertson replied, "Boss, we have been looking forward to this moment and are ready to follow your instructions at any time."

The ten newly recruited members also signed confidentiality agreements without hesitation.

After all, it's not something you can encounter every day or anywhere else, but a boss who can distribute such a large sum of money before the operation even begins.

After all the confidentiality agreements were signed, everyone started calling home.

The employees' families expressed their understanding upon learning of the upcoming major operation.

After all, they, as family members, are all too aware of the unique nature of the financial industry.

They all hoped that after this operation ended, their loved ones would be able to return home with a generous reward to buy houses and cars.

After fully understanding the action plan, a financial expert appeared quite worried: "Boss, the rise in gold prices is understandable, but the price of silver is already very high."

"Is it too late for us to enter now?"