Chapter 1560 - 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."