God of Technology: Creating the Internet in Another World-Chapter 426: Some New Ideas

The City of Gold’s new-style house construction seemed to open a curtain.

Over the next period, almost every day brought all kinds of good news.

Anyone using the Magic Net, whether commoner or noble, was surrounded by this kind of information at all times without exception.

Overnight, it was like everything needed steel. Steel demand started skyrocketing daily.

In this environment, steel prices naturally kept rising.

City of Gold.

Clarkson Family.

The family members with real power gathered together. Everyone’s eyes fell on the family head.

"Patriarch, why hasn’t our family bought into steel yet? Morrison and the others have already made over three times their investment. If this continues, families that used to be our equals will all be able to step on us."

"Where’s your old boldness? Our Clarkson family has been in business for generations. When did this huge family fortune come without risk?"

"Steel prices are rising every day. If we don’t get in now it’ll really be too late. The growth rate will definitely get slower and slower later."

"Steel was already the essential metal for making weapons and tools. What’s more, Roster Territory has now launched so many magic-powered machines. These all need steel. And other things too—people are entering these industries one after another. With such huge demand for steel, isn’t price increases normal?"

"Worst case scenario, even if we can’t sell our steel futures, won’t we have gotten all that steel? Don’t all our businesses need steel? If we’re planning to enter magic-tech industrialization, don’t we need steel?"

"..."

The Clarkson family had been in commercial trade for generations. Their scale was huge, which was exactly why they’d moved the family to the City of Gold.

But with the appearance of magic-powered devices, it seemed everything started changing. The Clarkson family’s original businesses gradually became outdated.

In this situation, they were actually very anxious.

Facing the honeymoon period when the stock exchange and bond exchange first appeared, they’d missed it because they couldn’t adapt.

This time facing the futures market’s appearance, the family’s power players were all getting restless.

They now almost unanimously believed that whatever new thing the God of Technology came up with, you could probably make money from it.

No, when it first appeared, everyone should be able to make money.

Plus, one family after another around them had all joined the steel futures market. Their next-door neighbor had already made over double their investment from this.

It was almost unimaginable.

In this atmosphere, they really couldn’t sit still anymore.

Under the persuasion of many family power players, the Clarkson family patriarch’s face showed nothing but hesitation. But after being silent for a while, he finally nodded.

"Alright, if that’s the case, then we’ll also start buying steel futures!"

When the Clarkson family patriarch’s words fell, the many family power players present all showed excited expressions.

Soon, the Clarkson family prepared 1 million dragon gold coins, ready to invest in the steel futures market.

However, what surprised them was that when they wanted to buy those steel futures already circulating on the futures market, they discovered there simply weren’t that many futures contracts flowing on the market.

It was like everyone was holding their orders tight in their own hands.

After several days of continuous trading and buying, they’d only managed to purchase less than 700,000 dragon gold coins worth of steel futures.

These orders were from different periods and time frames too.

With no other choice, they could only use the remaining funds to purchase steel over a year out and sign new contracts with Foster Iron Mine Company.

"Have these people all gone crazy? They’re all holding futures contracts in their own hands. Only contracts close to delivery are circulating on the futures market."

The Clarkson family patriarch looked at all this and couldn’t help muttering to himself.

Over the next few days, he kept his attention on the futures market. Every time news about steel broke out and futures prices rose, he appeared incredibly excited.

Finally, he decided to trade this batch of steel futures closest to delivery time.

Originally this portion had cost less than 150,000 dragon gold coins to acquire. After quickly selling it for 210,000 dragon gold coins, he completely relaxed.

In just these few days, part of the futures they’d purchased had already earned them 60,000 dragon gold coins. Adding in the rest, hadn’t they already made 400,000?

How long had this been?

Compared to this, what did all their past businesses amount to?!

Several generations of accumulation probably didn’t compare to these few days.

He seemed to have forgotten that without several generations of accumulation, he wouldn’t have such huge funds to do these operations with.

He seemed to be shocked by such huge profits and had completely forgotten those risks he’d thought of initially.

When other family power players heard the report, they were all the same.

"I think we need to invest even more capital."

"Other families have already made so much. If we don’t invest more funds, how can we catch up to their returns?"

"Right now almost nobody’s trading these contracts. They’re all willing to hold them tight. This already proves that steel trading is in full swing and there’s still huge opportunity."

"..."

Without a doubt, this situation gave the entire Clarkson family some confidence.

How could they possibly lose in this situation?

There was simply no possibility of decline.

So many big families swarming in, so many noble families putting all their wealth on the line—how could there be a problem?

Everyone wasn’t stupid.

Since they dared operate this way, there must be profit to be made.

Stimulated by this thinking, the Clarkson family continued increasing their investment.

Almost at the same time, countless families like the Clarkson family entered this field.

The Clarkson family even couldn’t help starting to release some good news externally.

For example, their family was planning to establish such-and-such factory, recruit so-and-so many people, use so-and-so much steel. After investing, they’d make how much money!

Everything was said as if it were real. They even purchased land at some major thoroughfares, as if they really were about to start this kind of construction.

Anyone looking would think everything was ready, just waiting for the steel.

Actually, the Clarkson family patriarch had also wondered how much of the good news on the Magic Net was real.

Could it be that everyone was like their family, just putting on a show, then releasing it to tell people that steel still had endless potential?