Chapter 461: Finding a Way Out for the US Dollar

November 5, "Fierce Dragon Crossing the River" officially went offline.

Total box office was ten thousand US dollars.

Again created a Hong Kong film myth.

The previous myth was "Mulan 1".

And at this time "Mulan 2" had a total box office exceeding 200 million.

Before long, this myth will be rewritten again.

Azure Rainbow Media invested half in "Fierce Dragon Crossing the River", meaning Eternal Splendor can receive half the money.

That is 44 million.

After paying a 20 % tax, the net is 35 million dollars.

That's 5 million more than the first film.

Don't think Yang Qing spent a lot, but if he kept it for himself, he might only get a little over 100 million, and the final net would be only ten or twenty million more.

But the box office for Mulan here wouldn't be as big as it is now.

What was lost on "Fierce Dragon Crossing the River" he earned back on "Mulan 2".

And soon "Dragon Head Staff" will also be released.

If it performs well, that's another big sum of money.

With this cooperation as a model, more people will approach Li Long to make movies.

Then he'll bundle and promote a few actors to Hailaowu (Place) for gilding, expanding the standing of Chinese film and television.

Using other people's money to train his own actors, he can also earn a large fee.

There are too many invisible benefits.

Cooperating with those who have more resources than you, taking a small loss is a blessing.

Not long after "Fierce Dragon Crossing the River" premiered, the Counterfeit versions by Shaw and Jiahe were also released.

Not to mention the box office was decent; they each made a million.

This completely basked in the glow of the kung fu craze.

Shaw and Jiahe laughed so hard they could barely keep their mouths together.

This is real dollars.

Much better than their painstaking effort making Gangdao films.

International films are a big gold mine.

Both independently increased their investment in international films.

Yang Qing gladly saw it succeed; Eastern Hailaowu (Place) should have a status that matches it.

December 20, "Mulan 2" finished its run, total box office 250 million dollars, creating a myth again.

Yang Qing earned over 100 million.

December 23, Christmas.

"Dragon Head" landed in theaters worldwide.

Now Azure Rainbow Media's films have a high audience acceptance.

With the endings of "Fierce Dragon Crossing the River" and "Mulan 2", many feel a lingering sense of loss, yet are continually filled with new spiritual nourishment.

After all, such spectacular action movies are far too few in this era.

With Azure Rainbow Media's kung fu films, watching those gorilla fights at Hailaowu (Place) is simply unwatchable.

Can't have a higher standard.

Gorilla fights are truly eye‑watering.

Although "Dragon Head Staff" was promoted for only three days (since Christmas is Hailaowu (Place)'s main battleground, three days of promotion is already good), it was still remembered by the keen.

On its release day, "Dragon Head" achieved a 5 million box office.

Second day, 6.7 million.

Third day, 7.6 million.

Fourth day, 9.1 million.

Fifth day, word‑of‑mouth exploded, 12 million.

In the following days, "Dragon Head's" box office stayed above ten million.

Azure Rainbow Media created another miracle, and a new genre: triad.

And as long as you're not foolish, everyone can see it's a series of films.

Azure Rainbow Media is practically running a money‑printing machine.

Specifically aiming for the global box office rankings.

"Mulan 2's" box office record dominates the globe.

No idea how many people drool watching it.

It also made many film companies see the prospects of female heroes.

Hailaowu (Place) began to set its sights on comic companies like Marvel.

Just when everyone thought Yang Qing would increase film investment.

Yang Qing, however, didn't put all the money into Eternal Splendor; he only gave a sum to Huangcheng, and the rest he could only watch.

(Doing business on Gangdao requires Hong Kong dollars; large foreign‑exchange conversions were cumbersome then, with high fees, meaning holding cash depreciated, and exchanging would lose money and involve queuing.)

Having too much money with nowhere to spend is also bad; he was so worried he couldn't sleep at night.

The next day he went to Da Song Bank.

He was in a whirlwind; Tian Guoliang even thought something had happened.

Manager Yang, what's wrong? What happened?

Yang Qing grabbed Old Tian's hand and asked.

Manager Tian, can our bank buy gold?

Tian Guoliang didn't understand, but still explained to him.

Gold cannot be bought and sold casually; only the central banks of various countries can conduct large-scale gold transactions, for issuing currency.

Manager Yang, why are you asking about this?

Yang Qing then knew that in this era, the world was still on the gold standard, and gold fundamentally could not be traded in large quantities.

Even gold jewelry shops are strictly restricted and require a permit.

Then can we find a way to exchange US dollars for gold? As a bank, hoarding some should be fine, right?

Tian Guoliang thought for a moment and said.

Manager Yang, do you want to buy physical gold or make an investment?

Tian Guoliang felt that this matter had promise.

How so?

Tian Guoliang explained to him.

If Manager Yang wants physical gold, then he needs to acquire a gold shop that has gold channels; they all have a certain gold quota.

A small investment is no problem.

If it's an investment, our Great Song Bank can purchase gold with US dollars at the three major note-issuing banks, as our bank's gold reserves.

But this gold must be kept in the vaults of Hui Feng, Bank of China, and Standard Chartered Vault.

And this gold can only be purchased with US dollars that can be directly exchanged for gold.

Because after these three banks obtain these US dollars, they can exchange the US dollars for gold from Yingjiang.

Yang Qing heard this and let out a sigh of relief.

No wonder he's anxious; the gold standard system is about to collapse, and the US dollar will also quickly depreciate,

In the future world, gold holds its value best.

Buy, we must buy; give me to buy fifty million US dollars.

The Da Song Jin Lou will be completed in a few months, and our Great Song Bank also needs to start promotion.

This gold can serve as our ballast.

(There were many people who wanted to trade gold futures at this time, but they couldn't; only after the gold standard was abolished and gold could be freely traded did gold futures appear, which was around 1974‑75.)

Tian Guoli didn't know why Yang Qing was so agitated, so he asked.

"Mr. Yang, are you wanting to trade gold futures?"

Yang Qing shook his head.

I just want to preserve value; Yingjiang's fiat currency system can't hold up much longer, and soon the dollar will be decoupled from gold.

When that happens, the dollar will depreciate rapidly, and holding all this US dollars will mean a huge loss.

Recently we've been earning quite a bit of US dollars, so I want to convert those dollars into gold.

Tian Guoli heard this news, and his eyes lit up.

"Mr. Yang, does that mean we should stockpile more gold in the future?"

Yang Qing nodded firmly.

Stockpile — exchange as much as we can.

When we need money, we can use gold as collateral for a loan.

Tian Guoliang grabbed Yang Qing.

Then Mr. Yang, why not give all the US dollars to Da Song Bank? We'll convert those dollars into gold, then use the gold as collateral to borrow Hong Kong dollars, and invest those Hong Kong dollars in Gangdao.

Doing this is equivalent to directly pocketing all the profit from gold's appreciation; Yang Qing naturally understood Tian Guoli's meaning, and he gave a thumbs‑up in praise.

You've thought this through more thoroughly.

Let's do that, but we should keep some US dollars.

Our Xuanwu Investment Bank also needs to expand its business scope.

I think Yingjiang's ongoing military‑to‑civilian semiconductor project is quite good.

Let's get in on it.