《Empire of the Ring》Chapter 552: Gold Exchange (1)
Advertisement
Among the Kurdish immigrants, there were quite a lot of people who had worked in the militia and quit due to personal reasons.
Most of them had to give up being in the Kurdish militia group unintentionally to help their struggling families. They were classified as a reserved force to go out and fight with a gun in times of emergency even though they no longer worked for the militia.
After settling down in the royal territory, former militiamen showed great interest to Royal Guards as the safety of their family members was no longer their concern of living.
It was good news to Cho Chul-hwan, the commander of the Royal Guards, as former militia members with experience in combat were volunteering to join. He was keeping quiet because it was a little too early to ask the Kurd immigrants to join in Royal Guards and form their own special unit, but he was excited that they had come to him first.
Cho Chul-hwan cautiously mentioned about accepting Kurdish militiamen at the royal territory's regular leadership meeting.
"Your Highness, it's a waste of resources if we don't use the people with combat experience. It's a little early, but I'd like to assign them as security guards first and select the best fighters to incorporate them to Royal Guards."
"Isn't it too hasty to do that now?"
"But there are a few reasons to hurry. They used to be in war, so it's difficult for them to adapt to normal life. I highly doubt that they can work as regular workers in factories. If anything, they'll just be a distraction to other workers. And when they get soaked in a comfortable life, their fighting power will drop dramatically because their tension will naturally drop. I don't want to lose great fighters."
As Chul-hwan's opinion had a point, no one in the room made an opposition.
"Okay. Then try to selectively accept them and form their own security force. Also, you've got to set a high standard for applicants. Don't just accept anyone."
"Your Highness, if there are any applicants, I'd like to confirm their qualifications. It's unclear how many of the former militia fighters will be coming in because most of the militiamen are hard-liners who chose to stay in Syria."
"There will be hundreds of times more migrants in the future than the Kurds who settled down here already. There will be at least 10,000 more militiamen coming in. If you can't recruit enough former militiamen, let's recruit young Kurdish people too."
"Then I will make a Kurdish security force first."
Advertisement
"Alright. Please target people who can speak English as much as possible."
Although the whole Kazakhstan was a conscription system, the Kurds who just moved to Kazakhstan were excluded from it. Since they did not speak Russian, the government also saw them as unhelpful.
***
German government officials visited the Arirang royal territory.
The governments of developed countries in Europe usually did not get directly involved in helping individual companies win orders abroad. However, it was a bit of a peculiar case the German government acting with a local company trying to make it to Kazakhstan. The fact that the German government offered to help an individual company win orders was intended to create a link with Kazakhstan.
Even though it was an unofficial visit, there were strangely many high-rank officials who came to the palace. There was the vice foreign minister, the deputy finance minister and the deputy chairman of the central bank. The fact that vice-ministerial-level officials were here meant that there was a matter to be discussed in secret.
"Thank you for coming all the way to see me."
"It's an honor to meet you, Your Highness. Please forgive me for not taking the official procedure to meet you."
"I don't care if it's official or unofficial. You're here for a purpose, and I hope you return home with an achievement."
"You must already know the purpose of our visit."
Youngho could roughly guess the purpose of their visit, but he kept quiet.
Eriksson had told him that German banks were secretly collecting gold bars these days.
It was an open secret that the Kazakh royal family owned a lot of gold mines. These days, buying gold bars was getting more and more difficult, so central banks had been asking the Kazakh government to increase the sale of gold, but the government had not responded to them on the pretext of the royal family.
"As you may have guessed, the purpose of our visit is to buy gold. I contacted the Kazakh authorities, but they said that the royal family controls the gold. So, I came to see you."
"I'm afraid I can't give you the answer you want to hear. We can't afford to export gold to a foreign country because we're increasing our gold reserves."
Youngho rejected their request first because he could guess what they would be offering him in exchange for gold.
Although gold trading was said to be active these days, the amount traded between countries was only a few dozen tons at best. The central banks of each country were bent on collecting gold to try to reach a deal of that much. It was evident that there was so much distrust in the dollar or euro, which was the key currency.
Advertisement
"I've heard that the royal family has gold in stock, and if you sell some to us, I'd like to offer some benefits in return."
"Benefits in return?"
"Yes, our government recently found out that Kazakhstan is working hard to improve its defense capabilities. So, we'd like to offer the technology transfer of our defense industry."
"It's tempting to hear about Germany's advanced defense technology."
"Not only that, we can help build a new city. In other words, the German government is willing to offer a loan."
"The U.S. government and the World Bank have already promised us loans."
"Can you handle a million Kurds with that alone? It should be backed up with a construction that costs at least ten billion dollars. Spending such money could hinder your plan to strengthen Kazakhstan's defense power."
"You're right, but we have enough money for that."
"Wouldn't it be safer if more foreign capitals can be brought in?"
Although Youngho had enough money from the former president Nazarbayev's and his daughter's slush funds and from gold mines' production, it was true that it was like insurance to bring in a lot of foreign capital no matter how much money he had.
"To my knowledge, your country's gold holdings are second only to the U.S. I'd like to hear why you're trying so hard to buy gold."
"It's a policy to reduce the portion of cash in our foreign currency reserves. It doesn't mean much."
It was a blatantly stupid answer.
The limits of the key currency were slowly revealed and each country was scrambling to secure gold in order not to lean further against the dollar due to the U.S. protectionist trade policy. Germany's gold reserves stood at some 3,300 tons but were no longer increasing since 2016.
This was because the number of customers looking for gold bars increased a lot, and it became more difficult to buy gold.
"Kazakhstan is also trying to reduce the portion of the dollar just like Germany. Is the situation bad enough for you to come here to get more gold?"
"Hmmm."
When Youngho raised a question, the vice finance minister looked troubled.
He seemed to have underestimated Youngho's knowledge of the world's economic situation.
"There are not many gold mines in our country. We wouldn't have to do this if we had global gold deposits like Kazakhstan. We won't have a promising future once we spend all of our gold holdings for industrial use. That's why I'm asking you for a favor."
"How much do you need?"
The German ministers had already suggested benefits in return, so Youngho did not want to reject them too many times. If they could be satisfied with a reasonable amount of gold, he was willing to sell it for the sake of the friendship between the two countries.
"We need about 300 tons."
"300 tons at once?"
"Of course not. We'd like to get it over a five-year period. Would it be possible?"
Germany would try to buy gold not only from Kazakhstan but also from other countries. It was plain to see how much gold would be secured if it did so.
"That's worth to discuss with our government."
"If Kazakhstan decided to sell gold to us, we'll purchase it at 130 percent of the market price."
130 percent of the market price seemed to be high, but because the dollar was constantly falling, it was not much of a deal. As Youngho was not satisfied, he was quiet. Then the vice foreign minister continued,
"We will transfer our technology in the defense industry that Kazakhstan wants, including our submarine technology and tank technology."
Germany seemed to be in a hurry to get gold since German conventional submarines and tanks were the best in the world.
"What would you do with a submarine in the Caspian Sea?"
"Submarine technology is going to be necessary for both military and civilian purposes. If you secure technology for submersibles capable of operating in deep waters will help develop the Arctic Ocean."
The bait of submersible technology sounded quite tempting to Youngho.
The Caspian Sea, let alone the Arctic Ocean, still had plenty of places to explore.
Kazakhstan had been pumping up oil, and it was yet to confirm other resources buried beneath the sea. Korea had also adopted Germany's submarine manufacturing technology.
"As you know, we've already signed military technology agreements with our allies, including Sweden, Britain, and the United States."
"Of course, U.S. and British products are also. But if our precision technology is transferred, Kazakhstan's technological power will be multiplied."
"This is not a one-sided decision by the royal family. It should be discussed with the government."
"I hope to hear good news."
"It's a great opportunity for us to get the advanced technology from Germany, but the gold export unit price is just not what we've expected."
"That's why we're offering defense industry technology."
"New technology doesn't guarantee a sudden defense strength."
"…"
"We need a factory to produce products based on that technology. Will it be possible?"
Advertisement
- In Serial3308 Chapters
Nine Star Hegemon Body Arts
Is he the reincarnation of the Pill Emperor? Or is he a fusion of spirits? A youth whose Spirit Root, Spirit Blood, and Spirit Bone were all stolen- Long Chen must rely on his memories of godlike methods to refine pills, as he begins training in the mysterious cultivation technique Nine Star Hegemon Body Arts. Part the misleading fog, solve the mystery, and shock the heavens. His hands hold Heaven and Earth, he steps through the cosmos, meets all kinds of beautiful women, and suppresses devils, demons, and gods. Legend has it: when Long Chen arrives, the lands roars and heaven screams, ghosts sob and gods weep.
8 327 - In Serial181 Chapters
The Reaper's Legion
Earth: An advanced inhabitable world in the ideal colonizable range. Moderate temperatures and consistent weather patterns make this planet an incredible resource, along with a wealth of animals and wildlife beyond most worlds. Inhabited by the sentient species designated “Humans,” Earth would likely have joined the galactic community of its own accord. Levels of technology in local populace indicate a sharp trend towards interstellar travel, but still needs to make the last push to acquire reasonable interstellar technologies. Up until quite recently, Earth has not been a fully classified planet and was largely unknown. Due to biotic activity in the quadrant, however, attention has been drawn to Earth and many other possibly habitable planets in the regions, primarily for quarantine and control tactics. Matthew Todd was not a particularly unique human being before the meteors struck the earth. Average athletics, above average intelligence, but somewhat gifted in marksmanship, the post-apocalyptic earth has been a trial by fire for him and many others. Creatures that resemble bastardized wolves roam the land in packs numbering in the thousands. With entire cities decimated, those that remain are left with the harsh reality that they may be witnessing the end of humanity. And yet, there is a chance. Humanity knows they are not alone in the universe - the wolves are case enough for that - but what they do not know is that they are not alone in their plight. They are not without aid. Obelisks descend from the sky, giving the people a means to fight back. With tools ranging from guns to advanced mechanical apparatus and more bizarre tools, the people must cull the Biotics. Or, be consumed by the ever growing and mutating threat. Join Matthew in the fight to exterminate the Biotic threat, and to ensure the survival of human kind!
8 211 - In Serial6 Chapters
Heat and Growth
Jack, despite having greater than average aptitude, has never cultivated. Every time he has thought to try, he remembers the looks of hate and fear on the faces of friends and neighbors when they found out his affinities. When people look at him, all they can see are the faces of those they lost to the vicious Sunbelts, after their sect leader went mad and took the rest of the clan with him. When he recieves an invitation to become an outer disciple of Frigid Mountain, the cultivating sect that watches over the area, he leaps at the chance to leave his village and the people who view him as a remnant of a past better left buried. Watch Jack as he attempts to rise above the sins of those that shared his features, and seeks to become a force for good in the world, rather than destruction. ----- Photo used for cover by Oussama Elhaidi
8 220 - In Serial86 Chapters
After Treason [BOOK ONE]
Twelve years ago Remo Kipling led a rebellion against king Avalon, causing the bloodiest treason in Alexanderia's history. Moira, exiled from the Mage Academy, and Eclipse, a panther entrusted as her guardian, stumble upon a terrible secret. Kipling lives. Worse yet, he has a deadly plan. Caught between her duty to protect the Innocent and her distrust of the Order she serves; she is forced to face her nightmares, self doubt and the corruption of the Alexanderia's Royal Court in order to protect her friends from Kipling's furry. Zack Dawson, Captain of the Alexanderian Knights, is not only the youngest knight in the army but the deadliest. His regimented life of right versus wrong is all he knows. But when Moira drags him into her plans his world shifts, from black and white to a dangerous grey. Can he uphold his honor and virtue or will the magic in his sword turn him into the monster he fears he is? Will both of them survive the monster haunting their nightmares or will they succumb to the darkness. Author's note: Not a sequel to A Thief's Wager.
8 186 - In Serial11 Chapters
Shattered World: New Game +
Monsters have appeared and are attacking. The only hope for humanity are the gods who have come to help them. Granting their chosen the power and abilities to fight against the onslaught. Almost like a video game. Specifically, the video game Shattered Earth. A little too specifically like Shattered Earth? [participant in the Royal Road Writathon challenge] Some things about this story. This is a brutal world and a gory story, the gore is described. It is also NOT a power fantasy. This story depicts an Apocalypse, and humanities attempts to overcome it. There is more stuff to be noted that are different but those would be spoilers. Just know, if you are going into this expecting a litRPG power fantasy save the world story, you will not find it.
8 140 - In Serial8 Chapters
izuku :the king of dragons and successor to the legends
Izuku Midoriya the once belived traitor to UA high but what if they found out he died while being taken to prison and he fell into a gap between space and time now join the journey of the most powerful dragon hybrod to ever exist the true kind of the dragons.
8 70

