When the price of iron fell completely, the price of copper rose again. Thirty cities and towns in Daxuan increased their prices at the same time. In just three days, the price of copper rose to five times the market price.
Still rising! Rapidly rising!
Merchants who had previously made money by cultivating iron lines saw the opportunity and immediately invested in the market, spending all their money or even borrowing money to cultivate copper.
There were so many people speculating like this, so even though Beichenye did nothing in the later period, the price of copper began to skyrocket, and all the inventory in the shop that could supply the market for decades was sold out.
The price of copper once rose to thirty times the market price, but it was still unavailable and was being held by merchants.
Copper is an important raw material for refining weapons. It is indispensable for both ordinary weapons and magical weapons. Without copper, the weapons pavilion cannot forge weapons. The original inventory has also become extremely high due to the rise in copper prices.
This resulted in no one purchasing weapons. After all, if you buy them at a high price now, you will lose money if the price drops.
The weapons pavilion began to lose business and closed down one after another.
Seven days later, the price of copper had reached 40 times the original market price. Those who had copper in their hands were so excited that they couldn't sleep every day. They didn't want to think about work or practice every day, and they had to pay attention to the price of copper every time they opened their eyes.
Some people really can't hold it back and quietly take action, but after taking action, they find that the price is still rising, and they feel regretful and want to hit the wall!
And just when the price of copper rose to fifty times its original value, it suddenly fell. It didn't fall slowly, but suddenly fell sharply.
A large amount of copper and copper ore flowed to the market. Suddenly there was no shortage of copper, and the price suddenly dropped from fifty times to ten times the market price.
throw!
Everyone's eyes were red, and they were selling their copper crazily.
The market demand is only that big. When prices increased before, most of the inventory was consumed, but now it is not needed. The less needed, the cheaper it will be.
As a result, the price of copper fell to one-fifth of the market price in just two or three days, completely ruining the market.
Paid!
Almost all merchants started stocking up after the price of copper rose. They bought high-priced copper. Those who sold it quickly still lost a small amount, while those who sold it slowly lost everything.
Merchants went bankrupt and had no choice but to close their doors. At one time, one-third of the shops in each city were closed.
The series of shops that sell metals and weapons have lost a certain amount of credibility because their prices were inflated, and the price fluctuations were so outrageous that people did not dare to buy anything anymore, so some of them closed down and changed careers.
Officials everywhere have almost no supervision over the market, not to mention that the whole country is in the same situation, and there are more important things on the front line, which is fighting.
Everyone's eyes are on the battlefield, and few people have noticed the unusual price fluctuations in this market.
Even if there are officials who are concerned, it is because the overactive market has increased the frequency of buying and selling, which has caused them to collect ten times the usual tax. It is too late for them to be happy.
There are also some officials who immediately use their financial resources to join this speculation. After all, there is money to be made, and who doesn't want to make a fortune.
This game is about who is smarter and who has more money, so many big businessmen and officials have made money.
And they have tasted the benefits of it, and have even begun to learn this method to control the prices of other items on a small scale.
Just when people thought things were calm, the price of fairy grains increased. All types of fairy grains were rising, and they were rising faster than iron and copper before.
Immortal food is a source of energy that both cultivators and common people need to consume. Whenever the price changes, and it changes so drastically, everyone's nerves immediately become tense.
Three times, five times, ten times.
The price of food has been soaring.
Tun!
Merchants who had made money before were immediately hoarding food like chicken blood.
The same goes for practitioners and common people. They try their best to collect as much food as they can. At first they are afraid of not having enough to eat, but some people also want to make a fortune.
The price of a bag of grain in their hands is comparable to that of a bag of gold. If they sell some, they will make a huge profit.
And just like before, when the price of food rose to twenty times the original price, a large amount of fairy food flowed out of the market, causing the price of fairy food to fall.
However, this time the decline was not as fast as before, but a slow decline.
throw!
The merchants knew they couldn't wait any longer, so they immediately opened the market and started selling.
Those people who had not been able to grab food before or were forced to buy food at high prices were filled with hatred when they saw that merchants had been hoarding rice and not selling it, but they had to wait until now. You are a profiteer!
Merchants who sold quickly made money quickly, while some merchants and people bought grain at high prices, but because they had no sales channels, they threw the grain into their hands and could only watch the price drop.
Grain soon fell to half of its original market price, which was much milder than the previous market price of iron and copper.
But because people only stocked up on grain when the price was high, they still lost a lot.
It’s not just a loss, it’s that those big merchants hoard goods when the prices are low and sell them when the prices are high. They have completely lost credibility and popular support. Although they have made some money, they will no longer have any business.
Big merchants don't care about the temporary lack of business. They have tasted the sweetness of driving up prices. They borrow a lot of money or join together with several merchants, or even collude with local officials, to jointly raise prices and earn high profits.
This is a war era, and the situation is precarious. They don't want to develop in the long term. They just make a fortune and leave for other countries. Why can't they live a good life if they have money?
So in just half a month, the entire Daxuan market was already in chaos.
Whether it is merchants, practitioners or ordinary people, all are involved in this speculation. If you can get rich by speculation, who is willing to work down-to-earth.
As a result, some people make money while others lose money. Stores that lost money closed down one after another. People who lost money were dejected and borrowed money from everywhere, even borrowing money from banks at high prices.
Those who make money continue to speculate.
Beichenye's hands did not stop. Compared with the huge capital in his hands, those merchants and officials were nothing more than small raindrops.
Only really big capital can control the market in an absolute sense.
Xiang Ziyou and the secret guards sent carts of storage rings and storage bags filled with iron, copper and grain to the four prefectures of Jiangning where Mu Qianyu was located.
They bought at low prices and sold at high prices. Not only did they earn huge profits, they also accumulated a large amount of goods in their hands, which invisibly emptied the inventory of these cities.
Beichenye listened to the secret guard's report, and the black piece in his hand fell on the chessboard. He slowly said: "It's the last half month, it's time to make a bold move."
"Yes." Shadow responded: "I will tell the people below to do it."