Protect Our Clan Leader

Chapter 1560: Chapter 89: Rich Digs a Pit for the Wei Family! The Great Sinkhole_4

“Good idea.” The Old Ancestor Wei Deming was invigorated, “This way, we can protect the market position.”

The other Great Elders of the Wei Family also praised it unanimously, agreeing quite a bit with Wei Mingyu’s plan.

“Wait a minute.” Wei Qingyun’s face was displeased as he nitpicked, “What if the Black Armor Division raises the price against us, competing for the Black Iron resources of the small and medium Prominent Families?”

“That would be ideal.” Wei Mingyu calmly replied, “The higher the price, the more commodities are scrambled for. If we secretly spread rumors of rising prices, as long as the price keeps rising, Prominent Families with stock will inevitably become hesitant and reluctant to sell, or might even engage in reverse purchasing. By then, our Wei Family can slowly sell off our stock secretly through intermediaries.”

The Old Ancestor Wei Deming nodded continuously: “This plan is feasible. We should notify the Helan Han Clan to collaborate with us in setting up the strategy.”

“Absolutely not, Old Ancestor Deming.” Wei Mingyu quickly said, “The Han Clan has a considerable stockpile, and the total market demand is ultimately limited. Besides, if the Han Clan is tempted by profit and cashes out early to crash the market, wouldn’t our Wei Family suffer significant losses? In this situation, it’s better they suffer than us.”

“This…” Wei Deming hesitated slightly.

“Let’s proceed with this matter.” Wei Dongyu, who had remained silent, spoke seriously, “After we finish selling, with ample Immortal Crystals in hand, we can buy Han Clan’s goods at a price several times higher than the market. This would be fair to them. Mingyu, you have a sharp mind, so this task is entirely entrusted to you.”

“Yes, Old Ancestor Dongyu.” Wei Mingyu said energetically, “To win this battle, I require a large amount of liquid capital. I request the Old Ancestor’s authorization to mortgage part of the family assets to raise funds.”

After discussing the matter, the elders unanimously agreed to Wei Mingyu’s plan.

The sooner this matter is tackled, the more advantageous it will be; waiting passively could lead to even more devastating losses for the Wei Family.

“Esteemed Elders, Mingyu requests that Qingyun assist in this task.” Wei Mingyu seized the opportunity, while openly suppressing Qingyun, “It’s also a chance for Qingyun to redeem himself.”

Redeem himself!

Wei Qingyun’s expression turned extremely unpleasant.

…

The Immortal City has been quite lively lately.

The price movement of Black Iron ingots has practically captivated everyone in the Immortal City. Even those individuals and Prominent Families without any Black Iron stock are beginning to focus on its price due to the overwhelming public opinion.

Calculating based on the amount of Black Iron ingots needed for a standard set of Black Armor, the price of Black Iron ingots has already drastically fallen from the original 800 Immortal Crystals to 400 Immortal Crystals, and it still seems to be dropping.

Those with stockpiles are agonizing over this, losing sleep at night, racking their brains over whether they should slash the price even further to sell off tomorrow.

Meanwhile, those without stock are merely watching the show, secretly delighted. After all, they’re not the ones cutting their losses.

But suddenly, everything changed again.

A half-true, half-false rumor spread rapidly throughout the Immortal City. Although Dongqian Country indeed has mines, the production is rather low and cannot meet the immense market demand.

The current situation is merely a play orchestrated by the Black Armor Division to crash the market price downwards and acquire a large quantity of Black Iron ingots at a low price.

Accompanying this news, some small and medium-sized merchants began purchasing Black Iron ingots at premium prices, and within seven or eight days, the price of Black Iron ingots surged from 420 Immortal Crystals back up to 650 Immortal Crystals.

The rapid intervention of the Wei Family made the situation in the Immortal City suddenly unpredictable.

At the same time.

In the North Domain Royal Residence’s Spirit Bamboo Garden.

Wang Fugui, who was tutoring Yun Mengyu in basic knowledge like mathematics and physics, looked with an exceptionally complex expression at an uninvited guest who descended from the sky.

It was a tall adult male.

He wore a pitch-black night suit with a hood covering his face, only revealing a pair of eyes described as “majestic yet wretched.”

“Your Highness, is this really necessary?” Wang Fugui sighed deeply after a while.

“Isn’t it you who suggested I dress like this to avoid being too conspicuous…” The man pulled off his hood, revealing the “face” of the King of Zhennan, discontentedly chiding Wang Fugui, “Do you think I, the dignified King of Zhennan, enjoy such attire?”

“But it’s daytime.” Wang Fugui said with indescribable tone, “Don’t you think this is even more conspicuous? If you have any problems, sending a trusted agent to communicate with me would suffice, wouldn’t it?”

“Don’t worry, there are very few people in the Immortal Dynasty who can surveil me without my noticing.” The King of Zhennan casually sat down, his eyes glancing at Wang Fugui seemingly unintentionally, “Do you still have any of the ‘Wu Dao Tea’ from last time?”

Wang Fugui indeed had some Wu Dao Tea. Part of it was gifted by the Wu Dao predecessor, and the rest was given by the Jade Spirit True Monarch to keep him quiet. However, Wang Fugui intended to save it to pay respect to his Old Ancestor grandparents at home.

So, Wang Fugui shook his head vigorously: “I’m out of Wu Dao Tea. If you have something to say, please get to the point. Mengyu and I still have homework to do.”

“You still have the mind to do homework?” The King of Zhennan raised an eyebrow sharply, “The Wei Family is acting crazily now, desperately pushing up the price of Black Iron ingots, now they’ve risen back to 660 Immortal Crystals. Do we continue buying at this price or not?”

“Only 660, that’s cheap? Continue buying at a premium.” Wang Fugui waved his hand, decisively giving the eviction order, “Your Highness may leave now.”

Source: Webnovel.com, updated by novlove.com