I'm back in 1990

Chapter 201: The Dormitory is Like a Bathhouse

On the evening of December 25, former Soviet leader Gotukhov delivered a televised address announcing his resignation as former Soviet president.

The following day, December 26, the Supreme Soviet of the former Soviet Union issued a declaration announcing that the former Soviet Union no longer existed and that it had become history.

A week before Gomez delivered his televised address, international gold futures prices began to decline. International capital has its own special information channels for these major political events, and it also employs a group of think tanks to conduct analysis.

Therefore, starting with the declaration issued by the eleven former Soviet republics in Almaty on December 21, international commentators predicted that the Cold War would cease to exist and that humanity would enter a period of peaceful development. This was specifically reflected in the international capital market, where gold futures immediately fell by 7 points.

Since gold futures began their continuous decline, Min Huifen's mouth was agape, wide enough to fit a duck egg.

That's amazing! That handsome guy made the right bet again! Who is he?

Min Huifen then began to speculate about Huang Xiaochuan's background.

To keep up with current events, Huang Xiaochuan bought a 17-inch Venus color TV and placed it in his dormitory so he wouldn't have to go to the TV room every night to watch TV, mainly because it was too crowded with people.

When Ding saw that there was a TV in the dormitory, he brought his Super Nintendo game console from home, and he immediately got Zhang Gaolei and Chen Zhe addicted to it.

On Thursday, December 26th, Huang Xiaochuan turned on the TV after returning to his dormitory after class. Ding Yi and the others wanted to play games, but Huang Xiaochuan chased them away.

"Get lost! So this TV is meant for you guys?"

Ding Yi expressed strong dissatisfaction with Huang Xiaochuan: "Huang Xiaochuan, why are you so petty?"

Huang Xiaochuan stared at the TV screen and ignored him.

The announcer's voice came through the television: "According to our station, the former Supreme Soviet of the Soviet Union announced today that the Soviet Union no longer exists."

Shortly after, another report stated: "According to Bloomberg, international gold futures have been falling recently. Industry insiders say this is just normal market volatility, and they believe gold futures prices will soon rebound, urging investors to have confidence. The report also mentioned demonstrations in Washington, D.C., with protesters demanding government intervention."

Hearing this, Huang Xiaochuan sneered disdainfully. "What a load of bull! All these related people are just capital trying to fool investors. If no one puts money into the pool, who will the capital harvest?"

After watching the news, Huang Xiaochuan gave the television back to Ding Yi and the others.

Wu Duo asked him, "Xiao Chuan, why have you been watching the news so much lately?"

"Squad leader, let me tell you a secret. The opportunities to make money are hidden in the news. If you understand the news, you can find out where the next wealth code is."

Wu Duo was somewhat skeptical of Huang Xiaochuan's words. He believed that one could learn about national affairs through the news, but could finding the secret to wealth through the news? How could that be possible?

"You're spouting nonsense again."

Seeing that Wu Duo didn't believe him, Huang Xiaochuan didn't bother to explain and just chuckled it off.

Upon hearing their conversation, Ding Yi stopped playing the game and casually handed the game controller to Chen Zhe.

"Old Wu, Xiao Chuan is right. The news about issuing stocks made the news back then, but people were terrified of stocks; nobody wanted them. Even government agencies had to force people to buy them. But now? Stocks are hard to come by. The stock market is rising every day, and stock prices are changing daily."

Do you think those who rejected stocks back then regret it?

Wu Duo thought about it and realized it was true, which made him think of something.

"You all know about the stock subscription warrants that will be issued early next year, right?"

Ding Yi sat down next to Wu Duo: "Was it yesterday's or the day before?"

Huang Xiaochuan said, "Yesterday's."

"This time it's not free, we'll have to pay. It's thirty yuan for a subscription certificate, which is quite expensive," Wu Duo emphasized.

Huang Xiaochuan knows better than anyone how subscription certificates are created.

In 1991, the lottery system for the issuance of Xingye Real Estate shares nearly resulted in a death, which deeply alarmed the regulatory authorities. Many more shares were to be issued later, and if this process was continued one by one, wouldn't it cause chaos? Who could bear it?

Therefore, the Shanghai branch of the People's Bank of China was in charge of the Shanghai stock market at the time. In order to ensure the safe issuance of stocks, and considering both efficiency and low cost, safety was the top priority. So, the regulatory authorities racked their brains and came up with an issuance plan of 30 yuan per stock subscription certificate.

In those days, Shanghai residents, who were used to keeping small accounts, were all scared off by the high price of the stock subscription certificates, and surprisingly, the first to lose confidence were the bank salesmen.

When Ding Yi heard Wu Duo complain about the price, he asked him, "Old Wu, how much are you worth? You still think thirty yuan is too expensive? Don't forget that all your wealth came from stocks."

"I just mentioned it to you guys because I heard from others that it was too expensive. I'm definitely going to buy the subscription certificates. They say they'll start selling them on the 19th of next month, right? I'll buy them so I can go home for the New Year." Wu Duo had made money on stocks and was very confident in them, so he was naturally going to buy them.

Seeing that Wu Duo said he would definitely buy it, Ding Yi asked Huang Xiaochuan about it.

"Xiao Chuan, are you buying or not? You've made the most money on stocks among us, you'll definitely buy, right?"

Huang Xiaochuan smiled and said, "Didn't the news say that all stocks issued next year will be purchased through a lottery using these subscription certificates? Of course I want to buy some!"

After saying that, he casually asked Ding Yi, "Old Ding, what about you?"

"I've already made up my mind. I'll sell all my Dafeile shares next month. It's the worst performing stock among all my stocks. I'll use the money to buy subscription certificates. Let me give you a little insider information: more than forty stocks may be issued next year. Even if the success rate is 50%, I can still buy twenty stocks. Judging from the current performance of the stock market, buying them is a sure way to make money."

The discussion about stocks attracted Zhang Gaolei and Chen Zhe to join in. They could play games anytime, but making money was the most important thing. Besides, they had both made their first fortune in stocks, so they were very sensitive to the topic.

Seeing that Huang Xiaochuan and the other two all said they wanted to buy some stock subscription certificates, the two of them also decided to buy some.

After discussing whether or not to buy the subscription certificate, the group went about their own business, some playing games, some reading. Before long, people from other dormitories started arriving. This was partly because dormitory 222 had a heater, and partly because it had a TV and a game console, making dormitory 222 as lively as a public bathhouse.

This pushed Wu Duo and Huang Xiaochuan to their breaking point.

That evening, after everyone from the other dorms had left, Wu Duo said to Ding Yi, "Old Ding, hurry up and take your game console back tomorrow, otherwise Teacher Dai will definitely come looking for you. Xiao Chuan, you too, take the TV with you. If they don't have a TV, they'll give up."

Wu Duo's words were exactly what Huang Xiaochuan wanted to hear, and he immediately agreed: "I'll move the TV tomorrow."

Don't get lost while following the book; bookmark it and read "1990, I'm Back" anytime.