Chapter 1213 Buy Buy Buy

Ten years is also the decade when the price of gold has skyrocketed. No one would have imagined that the price of gold will rise to nearly $1,900 per ounce in the future, which has doubled several times.

Therefore, Feng Yu has to control the supply volume in order to maximize profits. But the price of gold has risen, and it should be mined. Kirilenko bought those rich ores, and with the amount of mining at this time, 300,000 ounces a month is not a problem.

But you can earn more in the future, so mining is temporarily restricted. Only by innovating equipment and technology at the same time can we earn more profits in the future.

Feng Yu called Kirilenko to discuss this matter with Kirilenko. Kirilenko agreed without saying a word. If it wasn't for Feng Yu's disapproval, he would have wanted to mine and sell gold in large quantities to make money.

Now that Feng Yu has found a big client, there is nothing to hesitate about. Besides, the terms of cooperation are also very good, of course he will not object.

Watching the rising price of gold now, Kirilenko wakes up with a smile every day. Others lose money in the stock market, they continue to make money in the gold market.

Although Feng Yu reminded him not to use high leverage, the profits are still considerable. The important thing is that he doesn't need to worry too much, Feng Yu will notify him as soon as there is any news.

He felt lucky to have such a good friend. When other people do business in partnership with others, they are afraid that the other party will control too much and make their own power less.

But Kirilenko especially wanted Feng Yu to take care of some things, because every time Feng Yu intervened, the company could make more money and he could make more money.

"Feng, how should we invest the money we earn from selling gold?" Kirilenko asked.

"Can you still buy gold mines?" Feng Yu asked back.

"Why not? It's definitely okay. But the price of gold is rising, and those people may not be willing to sell it. Even if they sell it, the price will definitely be higher." Kirilenko said with some concern.

"There is no problem with the high point. The price of gold may double in the next four years. Of course, we must also consider inflation and our investment income. How much is more cost-effective is up to you. If possible, invest in gold mines , is a very safe business." Feng Yu explained.

"Can the price of gold double in four years? Well, then we are not limited to Russia, we can go to other countries to see. I remember that there seem to be some gold mines here in the United States."

Kirilenko is a little proud, haven't you Americans always taking advantage of us Russians? This time, let me take advantage of it too.

"Can,

If the price is right, we can invest some more money. "

"No, can I get a loan? If it's really not enough, let's talk about other things." Kirilenko said with a smile.

Although the interest on the loan is high, it is definitely not as much as they earn in the gold futures market, so the loan is the most cost-effective.

"Okay, then you decide."

...

After hanging up the phone, Kirilenko immediately arranged for his men to start working, and contacted the mining giants in the United States, saying that the Russian Polar Bear Mining Group intends to acquire gold mines, and the price is negotiable.

The first company I contacted was ****, an old-fashioned mining company in the United States with a history of more than a hundred years. The company has many gold mines, some of which are still rich mines.

However, the company has plans to expand its business. They don't want to just do gold mining, but plan to enter copper, iron ore and other non-ferrous metal mining industries.

However, the company's funds are not sufficient, especially at this time when the US stock market environment is not good, and their stock prices are also falling. They wanted to acquire another company, but they didn't have the money.

It would have been possible to issue additional shares publicly to raise funds. But now that the stock price is so low, it takes a lot of public offerings to raise sufficient funds. And they also need to make necessary investment in some projects, such as updating equipment and so on.

At this time, someone told them that the richest man in Russia wanted to buy a gold mine, and they were immediately tempted. Because it is said that the richest man in Russia was also very generous when he made a move. If the other party took the initiative to buy, how could they sell it at a high price?

The rich man's company, the mines are all in Russia, and this is planning to expand abroad. So they sent someone to make contact to see if the price was right.

If it is appropriate, it is not impossible to sell a few gold mines. Last year, the price of gold fluctuated greatly. This year, it is said that the price of gold will rise, but no one is sure.

If the United States can solve the war in Afghanistan, the United States will inevitably become the country that attracts the first foreign investment again, and everyone will re-invest in the stock market, so the price of gold may fall.

To put it bluntly, they thought that Mi would win soon. Didn't the government axe say that the puller had nowhere to hide!

Kirilenko borrowed a large amount of money from Russia using the mining company's mineral assets as collateral for loans. Then I quickly negotiated with the **** company, and after conceding some profits, I quickly signed a contract with the other party to buy the other party's six gold mines in Indonesia, Australia, the United States, and Peru.

Everyone thought that when the expansion of the Polar Bear Mining Group was over, representatives from Barrick also came. Like other companies, they believe that the profit of gold in recent years will not be too high. Since there are people who are taken advantage of and like to buy at high prices, then sell them to make money.

Anyway, they can still take the money to buy other gold mines. The important thing is to get through the current difficulties.

Barrick's shareholders have lost money in the stock market in the past two years. The speed at which gold mines are mined determines that they cannot get money quickly to make up for their losses in the stock market.

Since someone is willing to pay a high price for their gold mine, why not sell it?

So Kirilenko negotiated with Barrick again and purchased eight mines, one in the United States, Canada, Brazil, Argentina, and Australia.

After two consecutive times, some small gold mining companies also took the initiative to contact them. They only have one or two gold mines, but they even have permanent mining rights, that is, they can mine until the mine is empty.

Kirilenko played the spirit of buying, buying, buying, and without hesitation, he ate nine gold mines again.

There is also Anglo Company in South Africa, which also sold three gold mines to the Polar Bear Mining Group. The price of gold in recent years has not been high, and their profits have been extremely low, not to mention that these mining companies have relatively high debt ratios.

For example, the Polar Bear Mining Company had no debts before, which is simply wonderful. As a result, the company's debt ratio has also risen to 78%, far exceeding the warning line. But Kirilenko and Feng Yu are not in a hurry. They can mobilize funds to pay off debts at any time. What's more, many of their mines do not have a large mining volume. Once the production capacity is increased, the debt ratio will drop rapidly!

So far, the number of gold mines controlled by Polar Bear Mining Company has reached 32, and it has officially become the top giant in the world's gold mining industry! ( )