Alaska Gold Rush Diary

Chapter 140 Gold Prices Continue to Rise

Chapter 141 Gold Prices Continue to Rise

The two then began a rare period of peace and leisure for each other.

Zhang Jianing took such good care of Zhou Xin that he felt like he was being turned into a big-headed baby.

Whenever he tried to find something to do, Zhang Jianing would stop him.

"Your only task now is to rest and recover; leave everything else to me!"

Zhang Jianing stood with her hands on her hips and her eyebrows raised.

Zhou Xin laughed and said, "If you keep doing this, I'm going to call your mom."

"Hmph, you have to listen to me now anyway."

"Okay, I'll do as you say, but I can't just ignore things at the mine, can I?"

After waking up a few days ago, Zhou Xin had already contacted Edward, asking him to take care of things, as he would be delayed for a while before returning to the mine.

Edward told him not to worry, that everything was normal at the mine, and that they were now steadily harvesting about twenty pints of gold every day.

"Edward may seem carefree, but he's actually quite reliable."

After spending time together, Zhang Jianing's impression of Edward has changed.

"He is indeed a very reliable teammate, and I'm so glad I agreed to let him come with me to make money."

"So just stay here and recover from your injuries before going back. Leave the things at the mine to them."

Zhou Xin nodded and said, "Then you have to let me go out for a walk. I'm getting so bored staying in the ward all day."

"

"No, you can't go out for at least two more days, that's what the doctor said!" Zhang Jianing's attitude was extremely firm.

"Then find me something to do to kill time, I can't stay idle."

Zhang Jianing walked over with a bright smile, sat in his lap, stretched out her jade-like arms to hug his neck, and breathed sweetly.

"This is a reward for your good behavior!"

After saying that, she kissed him shyly.

So, this is how you pass the time?

It seems pretty good.

After a few days of tender moments, Zhou Xin finally received permission to go out.

The two walked hand in hand on a secluded, tree-lined path near the hospital, feeling a sense of warmth and beauty.

During their time in Los Angeles, the mine has yielded over 100 ounces of gold, bringing their total earnings to 286.3 ounces.

At this point, less than half a month had passed since the gold mining factory officially opened.

"It looks like our annual harvest might break 2000 ounces!"

With a bright future ahead and a beautiful woman by his side, Zhou Xin felt invigorated.

Zhang Jianing immediately took out her phone and checked the international gold price, finding that it had risen to $2311.6 per ounce.

"The price of gold keeps rising, and there's no sign of it stopping!"

As she spoke, she did some calculations, then a look of surprise appeared on her face.

-

"If you can really harvest 2000 ounces of gold, your mine could earn a gross profit of $446 million a year!"

Zhou Xin smiled and gently scratched her smooth face: "It's not my mine, it's our mine!"

Zhang Jianing smiled sweetly, her face full of happiness.

Zhou Xin then pondered for a moment and asked, "You just said that the price of gold has broken through $2300 per ounce?"

"Not bad, it was only around 2290 a while ago."

"It seems that the price increase of gold has become larger and the growth rate has accelerated."

Keep in mind that when he first started panning for gold, the price of gold was only $2200 per ounce. In less than a year, it had already increased by $100.

Moreover, the price of gold seems to be brewing and may continue to surge in the short term.

"Perhaps we need to consider changing our strategy and not be too hasty in converting our gold into cash."

"You mean, store the gold and sell it when the price goes up?" Zhang Jianing immediately caught his meaning.

Previously, Zhou Xin would sell his gold once a week as a precaution, trying to avoid keeping it in his hands.

While this is indeed a safe approach, if the price of gold surges in a short period of time, they would essentially be selling at a loss.

If you hoard gold, you might be able to sell it for a much larger sum of money when the gold rush ends.

However, they can now harvest more than 100 ounces of gold a week, and if they hoard all of this gold, storage will be a big problem.

Leaving large amounts of gold in mines or at Anchorage villas is not particularly reassuring.

After all, this is America.

But the soaring price of gold made Zhou Xin feel it was very necessary to hoard gold.

It seems the only solution is to deposit the gold in a bank.

Most banks offer gold storage services, although in most cases customers purchase gold from the bank and then entrust it to them for storage as an investment.

However, it should be possible to deposit the gold directly, but there will be a management fee involved.

This is the safest way; you don't have to worry about it being stolen or robbed.

"I've decided that I will sell half of the gold I harvest in a timely manner, just like before, and hoard the other half."

"Yes, I think this is a good idea. It can maintain cash flow and also mitigate the risk of falling gold prices to some extent, although it seems unlikely that prices will fall at present."

After making the decision, Zhou Xin immediately contacted Edward and asked him to continue to withdraw the harvested gold every week and handle it according to his plan.

In any case, gold certainly cannot be stored in large quantities in mines.

Under Zhang Jianing's meticulous care, Zhou Xin's injury healed very quickly, and nearly a month later, the doctor finally announced that he could be discharged from the hospital.

Zhou Xin was already impatient and immediately flew back to Anchorage with Zhang Jianing.

Zhou Xin was overjoyed to be back at the mine after so long.

After a month, the mine has changed dramatically. More land has been excavated, and small hills made of tailings have appeared around it.

-

Logan had already run over and jumped into his owner's arms, wagging his tail like a little lapdog.

"Welcome back, our big mine owner!"

It seems Edward has had a lot on his plate this past month; he's noticeably lost weight.

But his face was full of smiles, clearly indicating that he had been having a very happy time.

"You've all worked so hard these past few days. I'd like to give you a day off tomorrow so we can go to Anchorage and relax."

Zhou Xin felt a little ashamed, as he had left the mine a month or so after it had only been open for a short time.

If Edward and Alo hadn't been reliable enough, this past month would have been completely wasted.

"It's hard work, but everyone is very satisfied. Look, we're reaping a lot every day!"

He pointed to the gold-absorbing blanket at the tail of the ore washing machine, which was already densely covered with gold.

"Furthermore, after you left, I modified the 'Red Witch' based on the soil conditions here, and now it's even more efficient."

Zhou Xin patted him on the shoulder and said, "Thank you, you're the backbone of our mine!"

Edward smiled smugly: "Of course, I'm the second official member of the gold mining team, your right-hand man."

In the evening, to reward the team members who had been eating microwaved fast food for a month or so, Zhou Xin personally cooked a sumptuous meal.

Everyone sat around the table and enjoyed the meal very much.

Zhou Xin smiled as he watched the lively scene at the dining table. Just as he was about to get up to open a bottle of wine, he suddenly frowned.

Although the aromas of various foods wafted into Zhou Xin's nostrils, he could clearly detect a different scent among them.

The scent of gold.

In other words, someone present is carrying gold.