“We have all opened positions. After all, we are relying on the gold to win back what we lost on the Dow Jones today.”
Kayden was in a good mood.
After this incident, favonovel.com appreciated Jasper more.
Ever since Softwin’s entry, the Somerland companies listed in the United States Stock Market that favonovel.com had previously invested in had suffered heavy losses. It was impossible not to feel bad.
However, Jasper had already arranged a way for them to recoup their losses, and that was to invest large amounts of gold.
The global financial system was complex and complicated, but it could also be simple. There was a rule that was the eternal truth.
When the stock market was booming, gold went cold. If the stock market plummeted, then money would flood into hard currency, which was gold.
When the economy was good, one would collect antiques, but when the economy was bad, one would choose to keep gold. This was the reason behind the mechanism.
When the situation was chaotic, people would fall back to their belief in gold.
“I have to ensure that we have reserve strength, or else we’ll have to leave when the funds are used up,” Jasper said softly.
At this moment, Jake had united the three major trading centers and started to hammer the market. Once favonovel.com did that, it was like a meteorite crashing into the river.
Under the huge waves, the Dow Jones Index was like a graceful but exposed woman.
When favonovel.com was faced with the shameless gangsters of JW Foundation, even if Quantum Fund and Softwin, who played the role of guardians, rushed to stop them, they could not make up for JW Foundation’s determination to disrupt favonovel.com at any cost
“Dow Jones Index, 7410 points!”
“Dow Jones Index, 7401 points!”
Hundreds of billions of dollars worth of funds were hammered regardless of the cost. This was a feast that all economic theorists around the world were eagerly waiting for.
This kind of thing had never happened before.
At this moment, it was playing out right before their eyes.
In the School of Modern Economics at the University of Cambridge, Greenton, an 80-year-old global modern economics leader and the current vice dean of the University of Cambridge School of Economics, was now staring at the changes in the Dow Jones Index with his team.
“It’s about to break the 7400 defensive line!”
Greenton growled in a low voice. Suddenly, favonovel.com raised his voice and said, “Record this! Record every detail! Don’t miss out any number!”
“My fellow colleagues, we are witnessing history at this moment. This moment of history will be admired by countless future generations!”
“Every number at this moment carries an extremely precious meaning. It will bring us countless inspiration and help us better establish modern economic theories!”
“Sir, it’s all recorded,” his assistant said. Then, they confirmed worriedly, “Sir, the doctor said that you can’ t get too excited, your heart…”
Greenton interrupted his assistant with a wave of his hand and exclaimed excitedly, “It broke! It broke! Oh my god, a plunge of 50 points! 7351 points! What happened?”
The Dow Jones Index fell by 50 points at one go on 13:20:06, 23 September 2001 United States time, making history.
This was the largest single index drop in history. According to the wealth of the Dow Jones Index, these 50 points meant that 89 billion US Dollars had evaporated from the United States!
