Chapter 111: The Rise in Gold Prices

With a large position in gold, even though Carter was celebrating "New Year" in Texas, he didn't dare to let his guard down. While Julian mentioned crude oil, Carter had little exposure to it. Apart from occasionally feeling a little pain at the gas pump, he hadn't had much experience with it. But when it came to gold, as of now, the closing price of gold had already surpassed $600 per ounce. It was truly unbelievable.

And this was also the reason Carter could enjoy his time at the Texas farm, riding horses, shooting guns, and occasionally bragging with his grandparents, feeling confident and content.

However, Carter also understood that when the price of gold reached $600, it was already somewhat dangerous, if not very dangerous. A surge that was too abnormal usually wasn't a good sign. The higher and faster a building rose, the more likely it was to collapse in an instant if the foundation wasn't stable.

Based on this understanding, it wasn't difficult for Carter to understand Julian's meaning. Even following Julian's train of thought, Carter could sense the beginnings of turmoil. Taking gold prices as an example, in 1973, the price of gold had just crossed $100.

A nearly doubling of gold prices in a year was clearly not something that happened in normal times. Coupled with the saying "antiques flourish in prosperous times, gold flourishes in chaotic times," the more valuable gold became, the more it indicated the chaos of the current situation in the United States.

"Faced with such rare turmoil and opportunities, I'm still hesitating, still worrying whether my small assets will end up losing everything, while everyone else is making heaps of money! Yes, they're not making money, they're robbing money! I admit I'm jealous. I don't want to wait any longer, you know? After this year, Soros and his group may enter the ranks of billionaires. And me? Even if I combine all my assets, it's still less than five million."

"Even you, this little devil, let's not even talk about your low-leverage contract of 1.4 million in gold futures. Just your 50x leverage contract, at the current gold price, your paper profit is close to twelve million! "

"Me... What else can I say? Is it your luck? Or have I really been worrying about you for nothing during this time? Forget it, you better think about whether you want to invest in my company or not."

Even with the barrier of the phone receiver, Carter could feel the overwhelming resentment on the other end of the line. However, Carter also understood Julian. If it were just the stimulation from Soros, Rogers, and others, it would be understandable, after all, they were all experts in the field.

After immersing himself in this industry for so many years and having the backing of past "achievements," aiming for billionaire status today, although quite quick, still gave people some comfort and self-reassurance, telling oneself, "they have experience."

But ironically, now that Julian had to deal with his own situation in addition to Soros's case, Julian's mindset was completely shattered. When Carter had invested six million and made 1.5 million before, it was still bearable. After all, those kinds of short opportunities were rare and didn't happen every time, and the profit was only 25% at the end of the day. But now?

With gold prices soaring like this, was it common to see short opportunities? He had invested 1.8 million just under two months ago, and it had already multiplied more than six times. Even without leverage, the increase was over 12.4%.

And the most important point: faced with Soros and others, Julian could still find some self-reassurance. But faced with what Carter had done, Julian really couldn't find any excuse to comfort himself anymore!