Life at The Top novel Chapter 1589

One had to know that as an internationally used hard currency, gold was regarded as strategic reserve resource in every country in the world.

Even the economic strength of a country did not depend on how valuable the country’s currency was, but rather, how much gold reserves it held.

This was because once war broke out, the currency was likely to become waste paper. Only gold was truly recognized by all of mankind and the entire international community.

Even now, the global economic system was still based on the gold standard. The so-called gold standard meant that gold was the basic unit of settlement.

Therefore, a large amount of gold was definitely not something that an individual or company could obtain. After all, this commodity was a national strategic resource. No country would allow too much gold to appear in the private sector. Once it fell into the hands of someone with bad intentions, the entire economic sector might be affected.

On the other end of the phone, Adele was silent for a moment.

After this, she did not continue to ask Jasper about the source of the gold.

“Does it have to be Sunrise Land’s bank?” Adele asked.

Jasper replied without hesitation, “There is no room for compromise on this. It must be the bank of Sunrise Land, and you are also responsible for converting my mortgaged Sun Dollars into US Dollars or Somer Dollars.”

Adele stayed silent even longer now.

After a few minutes, Adele said again, “200 tons of gold. How much do you plan to mortgage it off for?”

“According to the current market price, gold is 315 US Dollars per ounce, but I can mortgage it for 280 US Dollars per ounce. Also, the mortgage period is 3 months,” Jasper said.

“The price is reasonable and I have the channels, but it takes time,” Adele said affirmatively.

Jasper was secretly surprised. It seemed that Adele’s power was more extensive than he initially thought.