I Picked Up a Dimensional Travel Machine: Wizard - Chapter 82



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100,000 tons sortie~! (1)
“Yes? A mining company?”

Min-ki spoke to MF Energy CEO Robert A. Mosbacher.

This was decided a few days ago after joining Cheonjiryeon.

At Min-gi’s request, Cheonjiryeon, along with the existing Huiliangyu (回良玉) lotus root and 10 or so practitioners, immediately entered the United States.

All four battalions of the Cheonjiryeon’s armed forces were drafted for security.

Send two teams to Korea’s Gaya Group, divide them into 3-4 groups, and protect the parents, the king’s grandfather, etc.

Two teams were sent to the US to protect Min-ki, MF’s key executives, and Emilia & her parents.

Instead, the number of people assigned to Min-ki was minimized to three, and more were assigned to MF executives (CEO Lewis, etc.).

I also gave two to Emilia.

He was given the task of personal protection, not a thorough strike force.

The annihilation of the Chroma 1 Special Forces Unit was buried quietly as expected.

It happened in a downtown area outside Boston, but there was silence on TV and in the press.

With this, Chroma would have clearly recognized Min-ki’s existence.

Since they’ve been using magic a lot in the US, it’s impossible not to know.

And he started to formulate a strategy to strike Chroma.

Several strategies were discussed, but it was decided to start by shaking the economic foundations.

“Mr. Chairman. Is there any mineral you are targeting?”

“Gold. I plan to develop a gold mine.”

“Gold prices have risen considerably these days, so if development is successful, it could be a good way to make money. However, securing a profitable gold mine is very difficult.”

“That’s okay. Let’s say I found a huge gold mine. I need a mining company that can develop it. Rather than just exploring or something like that, a company that has the technology and equipment to actually develop the gold mine that I found.”

“Yes, I understand. Then, is that type of gold mine placer gold? Or mountain gold?”

“yes?”

“If the gold mine has already been secured, it is to reduce unnecessary waste. We are trying to acquire a company that specializes in the exact area that is needed. The mining method for gold and silver varies significantly depending on the production status and situation.”

“Hmm. It’s Sangum.”

“all right.”

Shortly thereafter, Robert acquired a small business called ‘Sutter’s Gold Company’, headquartered in California, USA.

‘Sutter’s Gold’ was a company that had recently exhausted its gold mine resources in the Coloma region and had been trying to develop gold mines in other regions with its accumulated assets, but had failed repeatedly and was on the verge of collapse.

As a specialized gold production company, it was fully equipped with specialized technology and equipment related to gold mining, so it was acquired for 100 million dollars (110 billion won).

“So, Mr. Chairman, what you are saying is that we should assume that we have developed a huge gold mine and devise a way to inflict maximum damage on the other party?”

“Yes, that’s right.”

“Where is that gold mine?”

“Where we want to be.”

“yes?”

“Just think of it as being where you want to be.”

“Excuse me, are you saying that we can determine the location of the gold mine?”

MF Energy CEO Robert A. Mosbacher asks:

“Yes, that’s the assumption.”

“I don’t understand, but since that’s what the chairman said, I hope the gold mine is in Guatemala.”

“Guatemala?”

“Yes. That’s where the mining tax is the lowest. It’s 1%. And if you negotiate well with the Guatemalan government, there are factors that can lower it. In other countries, mining taxes can range from 3% to 50%.”

“Oh, I see.”

“So, what is the annual production volume of that mine?”

“As much as you want.”

“yes??”

“Okay. Let’s be honest and straight. I have gold. I can’t reveal where it came from. So I’m going to disguise it as a gold mine. I’m going to find an abandoned mine and melt the gold down. That way, it looks like I’ve found a gold mine. So we can adjust it where we want and how much we want. Sounds good to me.”

“No. Even if there is gold, if it is to the extent of affecting the market price, it is not even close to 10 to 20 tons. Even if it is a few hundred tons, there will be only a very small change.”

“There is quite a lot of gold. At least several tens of thousands of tons.”

“yes???”

“omg!!”

“Mr. Chairman, the U.S. government holds about 8,000 tons of gold. Germany, in second place, holds about 3,000 tons. The central banks of the top 10 countries hold about 23,000 tons of gold. The total gold in the world is about 32,000 tons. Of course, this is the amount officially reported to the World Gold Council. But Mr. Chairman, how many tens of thousands of tons of gold do you have? This is just….”

“Yes. What can we do with what we have? But is it really true that mankind only has about 32,000 tons of gold?”

“Oh, that’s not it. What I’m talking about is the gold held by the central banks of countries. In fact, the earth’s gold reserves are estimated to be around 200,000 tons. So far, humans have mined around 150,000 tons. There are about 50,000 tons of remaining reserves.

Currently, about 2,800 tons of gold is being mined every year. If this trend continues, there will be no more gold left to mine in about 20 years. Of course, this is based on the reserves discovered so far. In the future, as technology advances, we may be able to find gold deep underground or deep in the sea that we have not been able to detect so far.

So, the tens of thousands of tons of gold that the Chairman has is a huge amount.”

“That’s right. So this can’t be disguised as a deal or trade or anything like that. There’s no other answer than ‘We’ve discovered the biggest gold mine in history.’”

“But how much gold is there exactly?”

“Exactly 100,000 tons.”

“omg….”

“omg!!”

“Mr. Chairman~! Who would believe that? Even if it’s over 100 tons, it’s a giant gold mine. But you’re saying you’ve discovered a 100,000-ton gold mine?”

“What does it matter whether they believe it or not? The gold will be found in the gold mine anyway. Scientifically and physically, whether it is right or wrong, the gold that has already been found will not disappear, nor will it be lost or stolen somewhere else. You can just say it is a ship. So we just need to think about where and how to best position it so that we can extract the maximum efficiency.”

“omg….”

“Surely not, Mr. Chairman. Are you going to announce that you’ve ‘discovered’ 100,000 tons of gold all at once? Not by dividing it up?”

“Yes, I think so.”

“Then there will be chaos. The price of gold will plummet. The world financial market will be in complete chaos… Ah~! Is this what you want?”

“Yes. I have a separate organization. But that organization has a very scary enemy. One of the enemy’s economic bases is said to be resources. In particular, they say they have a lot of gold. I will tell the CEO of MF Invest Lewis later, but the large funds, banks, and other financial institutions they operate are also huge. My plan is to use the gold I have to strike them. Of course, there is also the purpose of converting the gold that they are secretly holding into cash.”

“Then, it is natural to make large-scale gift investments. Even calculating the secondary and tertiary synergy effects due to the sharp drop in gold prices……(omitted)…….”

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“We will also need to involve the financial sector, investment firms, etc.”

“MF Pharmaceutical will mobilize as much cash as possible……(omitted)…….”

“First, we need to separate ‘Sutter’s Gold Company’. MF Energy is a listed company and the chairman’s stake is around 85%. There is no need to do good deeds for others, so completely……(omitted)……”

“Then from now on……(omitted)……”

< >

“Yes? What kind of insurance do you have?”

“It’s gold insurance. I’m worried that the gold banking I invested in might suffer losses due to a sharp drop in the price of gold. I want to design insurance to the maximum.”

“What period and amount do you want?”

“The maximum is two months.”

“Do you really not care about the amount?”

“Yes. It can cost 1 million dollars in insurance. You don’t need this kind of thing when the price drops by a few percent. You can design it in sections so that you can receive a large amount of compensation when the price drops by 10% or more.”

“Ah~!! Please wait a moment. I will quickly draw up the basic design. Here, please take this and wait a moment. You must not leave. The unit is too big for me to do alone. I will also talk to the person above…”

……

……

“Branch Manager. Right now, there’s one huge fool……”

……

……

(after a while)

“Here is the maximum design that our insurance company can accept. As you can see here, if the customer pays $523,000 per month for two months, or $1,046,000, then at the end of the two-month term, if the price of gold falls by 10%, our insurance company will receive $10 million, which is 10 times that amount. If it falls by 20%, $20 million. If it falls by 30%, $40 million…….. (omitted)….. What do you think? Do you like it?”

Oliver Cutran, a personal insurance salesman, met the most outrageous customer of his life today.

No, this customer is the world’s biggest sucker.

The current price of gold is $1,050 per ounce.

The price of gold soared to $1,800 per ounce in 2012-2013, but is currently hovering around $1,000.

However, there were signs of a gradual rebound, and most experts predicted that it would rise to around $1,500 in 2016.

This gold price is a figure that is strictly calculated based on a combination of the world’s real economy, production, and business conditions.

The price of gold has such a huge impact on the economy that every quarter, a large number of experts gather for several intensive meetings, taking into account numerous variables to calculate its value.

But this stupid fool wants to insure himself against a sudden drop in the price of gold.

Unless the price of gold really crashes, the insurance premiums this guy pays will disappear completely.

There is no fool like this fool.

I happily reported to the branch manager and quickly designed it to maximize profits.

To please the eyes of the household, 40%, 50%…..100%.

It’s designed to generate exponential returns on illusory numbers that will never actually occur.

Naturally, this fool’s eyes turned away.

I paid out a lump sum of just over $1 million in insurance money.

Of course, if the price of gold really falls by half in two months, this could yield a return of 5,120 times.

In monetary terms, that’s $5.12 billion.

However, the probability of the price of gold plummeting like that is not even 0.000XX%.

If there is an unexpected and enormous change, it is the surge in the price of gold.

Gold is finite and its uses are widespread.

But what if a groundbreaking use case is suddenly added?

What if the market size grows larger than it is now and gold consumption increases?

Or what if there is a huge disruption to gold production due to an earthquake or natural disaster?

In that case, the price of gold could soar unexpectedly.

But the chances of it crashing are very, very, very low.

I don’t understand why the personal attorney who accompanied that idiot and even helped with the ‘notarization’ of the insurance contract didn’t stop him.

Have you ever had a serious argument with your personal attorney?

So is that lawyer seeking revenge?

It’s unknown, but don’t worry about it.

Oliver Cutran was elated at the thought of the ‘incentive’ he would receive in two months.

Similar situations have occurred at about a dozen insurance companies in the United States and about 30 insurance companies around the world.

Naturally, these insurance companies were either under Chroma’s control or were financial companies closely related to Chroma, as identified by Cheonjiryeon.

At first, the regional headquarters of the insurance company were suspicious of these unknown contracts made at their branches.

So, except for the first 2 or 3 contracts, we stopped for the time being.

There may be other variables they are not aware of.

However, even after spending time checking with various institutions, experts, and collaborators, there was not a single clear sign of a plunge.

So, the price of gold will follow the trend expected last month.

After that, it was a breeze.

The insurance company granted all the demands of the 6 to 9 idiots who showed up at their branch.

Rather, they were obsessed with instigating and raising insurance premiums.

In this way, 45 insurance, financial and investment companies around the world entered into 337 insurance contracts.

The insurance amount varied from person to person, from a minimum of $1 million to around $4 million.

These insurance companies made about $980 million (about 1 trillion won) in profits at one point.

Of course, if the price of gold really fell by half, they could have to pay $5.112 trillion (5,512 trillion won).

The strange phenomenon did not end there.

A gift transaction that defies common sense took place.

Someone placed a “sell” order to sell gold for $840 an ounce, a 20% reduction in two months, or about 80% of the current price.

Naturally, all the financial institutions around the world that were involved in futures investment rushed in and ripped off this idiot’s orders.

The deal was concluded in an instant.

But the deal didn’t end there.

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