Chapter 21

The next day, a piece of news shocked the world.

Dubai announced that it would restructure its largest domestic company, Dubai World, and delay the repayment of Dubai World's debts for six months.

Dubai, which could be considered the world's richest and most handsome country, relied on oil revenue to transform itself into a global tourism and financial center. It ambitiously advanced a $300 billion construction project, many of which were the tallest and most unique in the world.

In the eyes of the world, Dubai was a tycoon with an endless supply of oil dollars. Now, with Dubai announcing a delay in debt repayment, it naturally caused panic worldwide.

If a tycoon country like Dubai could default, could other countries be trusted?

Zi Xuan Wang also posted a Weibo: "Dubai debt crisis, the world is so scary."

That day, the London gold price surged nearly two points, closing at $1,191 per ounce.

On the morning of November 26, Zi Xuan Wang began to close his positions. His account made a profit of $28.8 million, with a total account value of $77.34 million.

Liang Ming Wang's account made a profit of $87 million, with a total account value of $187 million.

The $5 billion long position was closed in the thinly traded Asian market, causing the London gold price to fall by $3.

Zi Xuan Wang, as usual, posted a screenshot of his account on Weibo: "Can donate $200 million now."

This post immediately attracted many netizens to forward and comment.

"Hubby is so awesome."

"Positive energy little prince!"

"Full of love."

"Still playing the fool!"

"Smart people always think too much, but the simple-minded fools are the ones who are powerful."

That day, Zi Xuan Wang did not continue to operate during the day as he usually did, but waited until the evening when the European and American markets opened, and the London gold price rebounded, to start building positions.

The two accounts opened a total of 70,000 short positions, with an average entry price of $1,187 per ounce, valued at $8.3 billion, with a leverage of nearly 32 times.

The daily trading volume of London gold is in the trillions of dollars, and the evening European and American markets are even more active. The $8.3 billion entry only caused a small ripple.

That day, global stock markets plummeted, and commodity prices also fell.

However, gold, with its safe-haven role, was strongly pulled up after falling by more than one point.

On November 27, global stock markets continued to fall, and commodity prices also plummeted.

This time, gold seemed to lose its safe-haven role, opening weak and continuously falling, with a maximum decline of over 4%.

Some netizens flocked to Zi Xuan Wang's Weibo to comment.

"Did the fool get margin-called?"

"Can still donate $200 million?"

"Is the fool not crying?"

"Show your screenshot again!"

After Zi Xuan Wang posted a screenshot of his account showing a net profit of $500 million the previous day, some envious and jealous experts pulled him out again, using him as a negative example to criticize his leverage of over 30 times, misleading investors.

A 3% decline would result in a margin call, losing all the capital.

Besides the netizens who were waiting to criticize Zi Xuan Wang, his wife group also came out to support him.

"A dead camel is still bigger than a horse; even if hubby loses everything, he's still richer than you."

"If hubby goes bankrupt, I'll support him."

"Hubby, don't be afraid; I'll support you."

While netizens were waiting to see the fun, Zi Xuan Wang quickly closed his short positions after a 4% decline.

The two accounts made a profit of $320 million.

Zi Xuan Wang's account made a profit of $90 million, with a total account value of $170 million.

Liang Ming Wang's account made a profit of $220 million, with a total account value of $410 million.

After closing the short positions, Zi Xuan Wang immediately posted a screenshot of his account: "Net profit of $90 million from shorting. Those who say I only go long and play the fool, stand in a row. Slap, slap, slap... who is the fool?"

This post immediately made Zi Xuan Wang's wife group go wild.

"Hubby is so awesome."

"A bunch of fools dared to mock hubby, slap, slap, slap, does it hurt?"

"Slap, slap, slap, so satisfying."

"Slap, slap, slap."

"Slap, slap, slap, so yellow, so violent."

Some netizens who were waiting for Zi Xuan Wang to make a fool of himself turned red in the face, as if they had really been slapped.

After posting the Weibo, Zi Xuan Wang felt much better and started to build long positions again. The two accounts opened 150,000 long positions, valued at $1.7 billion, with a leverage of 29 times.

Zi Xuan Wang again experienced the benefit of the large trading volume of London gold. The $1.7 billion long position was quickly established.

The short-selling force was almost exhausted, and Zi Xuan Wang's $1.7 billion long position triggered some bottom-fishing longs, causing the gold price to immediately start to rise.

For 150,000 long positions, a $1 increase in the gold price would result in a profit of $15 million for the two accounts.

That night, Zi Xuan Wang was very excited and stayed up until 4 a.m. when the U.S. market closed, with the gold price settling at $1,177 per ounce. The two accounts had a floating profit of $550 million.

Zi Xuan Wang's account had a floating profit of $160 million, with a total account value of $330 million.

That day, Zi Xuan Wang first went short and then went long, netting a profit of $250 million, with his account value increasing from $77.34 million to $330 million.

Zi Xuan Wang couldn't resist posting another screenshot to Weibo: "Little master made money again, slap, slap, slap..."

After posting the Weibo, Zi Xuan Wang took a shower and tossed and turned in bed for a while before falling asleep.

After just a short sleep, the servant came to invite him to breakfast. Zi Xuan Wang, still half-asleep, dismissed the servant and did not get up.

Zi Hao Wang, Liu Lin, and Ke Wang had already arrived at the dining room before Liang Ming Wang and Su Ting Yu.

Under the arrangement of the British butler, life was always somewhat aristocratically stiff.

"Good morning, Dad, Mom."

Zi Hao Wang and Liu Lin greeted Liang Ming Wang and his wife as they arrived.

"Good morning."

Liang Ming Wang nodded and sat down.

The butler came over and said, "Second Young Master went to bed late last night and is still sleeping, so he won't be having breakfast."

Liang Ming Wang nodded and said, "Let's eat then."

Zi Hao Wang couldn't help but say, "I just checked Zi Xuan's Weibo. He traded London gold until 4 a.m. last night, and his account quadrupled."

Recently, Zi Hao Wang also registered a Weibo account and followed his younger brother.

However, he didn't post on Weibo, just browsing Zi Xuan Wang's Weibo every day.

When he saw Zi Xuan Wang's Weibo this morning, Zi Hao Wang almost broke his phone.

Liang Ming Wang, who had been cultivating his temperament for years, also opened his eyes wide in disbelief and said loudly, "How much?"

Zi Hao Wang confirmed, "More than four times, from over $70 million to over $330 million."

Liang Ming Wang saw the joy on Zi Hao Wang and Liu Lin's faces and knew he hadn't heard wrong.

Even with his extensive experience, Liang Ming Wang was still shocked.

Su Ting Yu, who had no more thoughts about money, also said nervously, "Is this legal?"

"It's not illegal in any country, but Zi Xuan's speed of making money is too fast. Spencer, check my account."

Liang Ming Wang was still somewhat disbelieving.

"Yes, sir, please wait a moment."

The butler, standing beside him, bowed gently and turned to leave.

Spencer not only managed the household for Liang Ming Wang but also helped manage some of his foreign assets.

Little Ke Wang, seeing that no one was moving, said in a childish voice, "Can I eat now?"

Ke Wang's words also made the adults realize they were a bit out of sorts.

Liang Ming Wang smiled and said, "Let's eat first. This kid, Zi Xuan, really lives up to the saying, 'Silent but shocking when he speaks.'"

Su Ting Yu also said proudly, "I've always said that Zi Xuan is very smart. As long as he's willing, he can definitely achieve something."

Recently, the outside world had been calling Zi Xuan a wastrel, and Su Ting Yu had been holding her breath.

If it were before, Liu Lin might have felt that Su Ting Yu was biased.

It was well known that her husband, Zi Hao Wang, was young and talented, while Zi Xuan was just a wastrel who only knew how to eat, drink, and play.

But after seeing the speed at which Zi Xuan made money recently, Liu Lin also felt that her younger brother-in-law was a bit of a demon, far beyond what ordinary people could compare to.

The group ate a few bites without much taste, and Spencer returned and said, "Sir, your account value is $800 million."

From the change in Zi Xuan's account value, Liang Ming Wang had a rough estimate of his own account. This time, he didn't show much surprise, just shaking his head and sighing, "The capital market is really a numbers game, changing too quickly."

Su Ting Yu said, "It's easy to come, and it's easy to go. Many people have seen their wealth shrink by half in the past two years due to the capital market."

Liang Ming Wang naturally understood Su Ting Yu's meaning and smiled, "I don't have any spare money, but in the next few days, many people will probably come to give me money. Perhaps next year, Zi Xuan will be the richest person in our family."

Su Ting Yu shook her head and said, "Zi Xuan has been too high-profile recently."

Liang Ming Wang, however, smiled and said, "With such talent, it can't be hidden. Citibank isn't a gentleman."

(Thank you to the reader "Mo Xun Tian Xia" for the 100 RMB tip.)