Chapter 60 [Small Profit]
“Sell above HKD 345.2 per tael!”
Two days later in the morning, Li Zhaoji decisively called Ahao to sell the gold in his hands.
In this wave of market, the price of each tael has risen by nearly HKD 15, and with the gold from Macau entering Hong Kong to be cashed out, Li Zhaoji decided to give the order.
Although it may rise again, he cannot be greedy.
Just as the boss told him: the price of gold will definitely rise to more than 600 yuan per tael in a year and a half, so Changjiang Silver Bank does not need to be too aggressive. During this period, the success rate of monthly transactions should be as high as 70%, so it is possible to double the principal of 500,000 Hong Kong dollars to 1.5 million in the end. Don't use too much leverage, and control the total amount of each transaction to 500,000 to 1 million Hong Kong dollars.
Li Zhaoji feels that the boss Lin Zhichao is good at layout, while he thinks he is good at grasping details;
Therefore, the cooperation between the two will have great potential.
Assuming he earns 1 million, he will have a bonus of 60,000 Hong Kong dollars (settled quarterly), plus his own investment funds and salary, Li Zhaoji feels that he can have a "start-up fund" in one or two years, and it is very sufficient.
Thinking of this, Li Zhaoji smiled, and then waited quietly for the call from the Gold and Silver Exchange.
Gold and Silver Exchange.
After receiving the order, Ah Hao immediately squeezed into the crowd. At this time, a gold buyer in the middle of the patio, representing the Magic City Gold Merchant, gave a "buy" signal, and the price was 345.3 Hong Kong dollars.
Ah Hao looked around and found that everyone's reaction was average (gold was soaring), and he originally planned to wait for a higher price to sell; but considering that the order of the shopkeeper Li could not be opposed, he quickly squeezed into the middle of the patio.
The gold buyer quickly bid 2 lots, indicating that he wanted 2 lots of Changjiang Silver, and the other three people who came forward bid 2 lots each, for a total of 8 lots of gold; then the five people withdrew from the middle of the patio, and everyone first registered the transaction information in the notebook, and then everyone could go to the registration department to register immediately, or go to register at noon, according to their wishes.
Next, it seemed that the Magic City gold merchants had been trapped and had a strong desire to buy, so Ah Hao quickly sold all 18 lots of gold, with an average price of 345.5 Hong Kong dollars.
"Shopkeeper Li, all the gold in hand is sold out!"
"How is the price in the market?"
"It's still rising!"
"Well, sell short 5 more lots to test the water!"
Li Zhaoji put down the phone. Just now, he sold short 5 lots, but he didn't actually have 5 lots of gold.
But he was not in a hurry. He made a lot of money before, and now selling short was just taking advantage of the situation to make more money.
He was sure that the price of gold would fall back, so he sold short 5 lots now, and bought 5 lots at a low price later, so that he could make a difference (delivery after 3 days, if there is buying and selling during the period, the delivery time will be recalculated).
Other phone lines.
"Boss, the price has reached 345.5 Hong Kong dollars, and Changjiang Silver just sold more than 20 lots, making a lot of money!"
"We also sold the gold in our hands, don't wait!"
"Okay"
Some gold buyers and sellers reported the situation on the other end of the phone line, and the scene was busy.
As the Yangtze River Bank sold its gold, it seemed that Guangdong merchants began to sell their gold, while Shanghai merchants reacted much slower and continued to absorb it.
In terms of financial strength, Shanghai gold merchants are better, but they don’t know that they have fallen into a trap - Guangdong people smuggled cheap gold through Macau and cashed in at a high price. And this small peak was also tacitly hyped up by everyone.
Guangdong gold merchants chose physical gold delivery and stopped buying, so the price naturally fell quickly.
During this period, Li Zhaoji sold short 5 lots again, a total of 10 lots.
For a time, the Yangtze River Bank began to become a "star member", because it was considered a high-end customer because it sold tens of thousands or hundreds of thousands of dollars.
Lin Zhichao came to the Yangtze River Bank and heard a good news that Li Zhaoji won the first battle and made a profit of more than 30,000 Hong Kong dollars.
"Okay, it seems that you are really an expert in this. But don't be proud. You must know that arrogant soldiers will be defeated. Steady and steady is the way to make a fortune." Although the two are of the same age, Lin Zhichao is more successful than him after all, and he is his boss, so he can naturally say this.
Li Zhaoji immediately said sincerely: "Okay, boss. The first credit for this victory is of course the information you gave everyone, I dare not take credit."
In his view, keeping an eye on Hang Seng and Chaozhou merchants is to keep an eye on the market trend; and based on some of the information he got, you can make steady and steady progress and make more and more money.
Lin Zhichao smiled and said: "It must be your first credit. I just gave you an approximate number. You can retreat in time, which shows that you have very good observation and character."
After the two chatted for a while, Lin Zhichao suddenly said: "I found out a piece of news that Chaozhou merchants have a wireless shortwave radio station, one side is set up on various smuggling ships, and the headquarters is set up in Hong Kong. All members of Chaozhou merchants can connect to this radio station and get information from it."
Li Zhaoji was stunned. It seems that these people are playing a lot of tricks.
"It's really amazing! But we are also Guangdong merchants, no one will deliberately set traps for us, and we know ourselves and the enemy, as long as we observe carefully, we will surely be able to go smoothly." Li Zhaoji said confidently.
In his opinion, according to Lin Zhichao's statement, Hang Seng Bank and Chaozhou gold merchants are both weather vanes, as long as he keeps an eye on them, he will win more and lose less.
Then the two discussed the timing of buying, and agreed that the time to buy would be one day later, that is, the smuggled gold would be almost cashed out, and it would be an opportunity. The gold price is expected to be around 335 Hong Kong dollars.
Originally, the further it fell to that level, the more cautious everyone became. But for Yangtze River Bank, it is a good opportunity.
The simplest reason is that Lin Zhichao predicts that gold will rise to more than 650 Hong Kong dollars per tael, and that gold in the mainland will skyrocket. Under these circumstances, naturally selling high and buying low is success.
The Yangtze River Bank won its first battle in the gold and silver trade market, making a small profit of more than 30,000 Hong Kong dollars. In fact, it did not cause much splash. After all, the daily transactions in the gold and silver trading market are tens of millions of Hong Kong dollars, and the Yangtze River Bank is just a 'high roller', and there are many such high rollers.
But in the eyes of those who pay attention to the Yangtze River Bank, there is no doubt that this time it is a little limelight.
Liu Chong Hing Savings Bank.
"Is it luck or real ability?" Liao Baoshan murmured to herself.
He made nearly 100,000 Hong Kong dollars this time, which is the most he has ever made. Because he now has a bank, he can speculate with depositors' money.
"If he is also a master of gold speculation, then Lin Zhichao can be called an all-rounder in business, and I am afraid he will become extremely rich in the future."
"But he doesn't have a bank and has limited funds."
"I still have a brilliant idea. I use the savers' money to speculate in gold, and all the money I make is mine."
"In this way, I can quickly increase my financial wealth and will not lose to Lin Zhichao."
Liao Baoshan has become more serious. He is a Biaoqing from Chaozhou, and Lin Zhichao is a Biaoqing from Shunde. Now everyone is paying attention to the two to see who can be more successful and go further.
Hang Seng Silver.
He Shanheng said with a smile: "Judging from the operation methods of the Yangtze River Bank this time, Lin Zhichao is at least a master of gold speculation. It seems that we all underestimated him at the beginning."
He Tian thought for a while and said: "It is said that Lin Zhichao has not stayed at the Yangtze River Bank for a long time, so how can he have the energy to speculate in gold? I'm afraid that Lee Shau Kee is helping him speculate in gold?"
He Shanheng was stunned for a moment, and then said: "How can you be so trustworthy about others? Lin Zhichao is really awesome. Let's take a look and maybe we can communicate with him again in the future."
He Tian nodded. He was now interested in Li Shauji and planned to chat alone that day. Of course, this is not to win over others. After all, Hang Seng Silver does not need outsiders to be at the helm.