Chapter 249 London Gold
In the past few days, Fu Rongjin has invested all the funds on hand in the foreign exchange futures market, which is more than 400 million Hong Kong dollars. This is all his liquidity, and the delivery date is two months later.
He dreamed that in two months the money would double and become billions of Hong Kong dollars. Although Fu Guangzheng advised him not to invest so much, it is easy to lose all his money, at least he should consult a more experienced uncle.
But Fu Rongjin just didn't want Fu Rongqi to know that he wanted to be a blockbuster, and he wanted to see Fu Rongqi's jaw drop in shock! As for the reports from the people below, Feng Yu often goes to banks, lawyers' offices and other places these days, and he doesn't care at all.
Does Feng Yu still dare to ask a barrister to sue him? This is Xiangjiang, his surname is Fu! Litigation is also a game for the rich, and the poor cannot afford it. Although Feng Yu's net worth is good, compared with him, Fu Rongjin, it is still far behind!
The proud Fu Rongjin underestimated Feng Yu, he had already been blinded by Feng Yu's big cake, if it was Fu Rongqi, Feng Yu's little trick would have been seen through long ago.
At this time, Feng Yu went to the London gold market in Xiangjiang. He was going to make a London gold futures order, which was also the most financial product he made in his previous life.
London gold, in a broad sense, is the spot trading gold stored in London, and it is also a trading product provided by the London International Financial Futures Exchange. It is a 400-ounce gold bar (about 12.5 kilograms) with a purity of 99.5% stored in an underground vault in London.
In London gold trading, there is no need to extract physical gold, and there are no steps such as freight, inspection, storage, and identification. Compared with physical transactions, the investment cost is lower, and the leverage is very large, which can be as high as 100 times. In the black market There are even 500 times leverage on the Internet, which also allows investors to use funds reasonably to make big gains with small gains.
Another advantage is that London gold is traded 24 hours a day, without market closures, and can even be traded on the same day. If you buy on the same day, you can sell on the same day. It can be said that London gold is the most active and most popular "money-making tool" in the gold trading market.
This money was loaned by Feng Yu from the Soviet Union. All of them have been converted into U.S. dollars. After deducting handling fees and exchange rate differences, Feng Yu now has about 490 million U.S. dollars in his hands, and he plans to invest all of them in London gold.
As soon as Feng Yu entered the London gold market in Xiangjiang, a group of financial brokers approached Feng Yu. They handed over their business cards, hoping to manage Feng Yu's account on their behalf and earn commissions.
Of course, Feng Yu refused all of them, just kidding, brother is also a professional, do you need your agency? Besides, even if I am looking for an agent, I already have a target candidate, and that person will be the banner figure in the future Xiangjiang gold futures market.
Feng Yu took a look, and the current price of gold is 370 US dollars per ounce. It has dropped a lot from the high point of 412 US dollars per ounce at the beginning of the year. At this time, the Soviet Union is vigorously driving up the price of gold, because the Soviet Union is one of the main exporters of gold in the world at this time, and they make money by selling gold.
Ten years ago, the Soviet Union still relied on industry to make money, but in the past ten years or so, industry has fallen sharply, and it has begun to sell gold, oil and other minerals as the main income of the country. It can be seen what the Soviet Union has become in the past decade. It survives by selling mineral resources. From this point of view, the disintegration of the Soviet Union has become irresistible.
Feng Yu remembers that in the past two years, the price of gold has been continuously falling under the strong suppression of the American consortium headed by Vantaa. It seems that the time started in October this year, but Feng Yu can't remember the exact time.
But at least by the end of September, the price of gold will rise, and it should be able to rise to more than 390 US dollars per ounce.
The price difference of 20 US dollars, nearly 500 million US dollars in deposit. Sufficient investment with low leverage is enough for Feng Yu to make a fortune.
Feng Yu quickly opened an account, and then began to place orders, buy at the current price, sell at the limit price, and the selling price also ranged from 380 US dollars to 390 US dollars, that is, when this price was reached, it was automatically sold, and the funds After deducting the handling fee, it will be credited into Feng Yu's account.
Such multiple transactions can reduce risk. The price of gold fluctuates every day, and the price can even fluctuate more than ten dollars a day. If it is a high leverage, if you are not careful, you will lose money. Feng Yu has no time to keep an eye on it, and spread it into multiple orders, which is the safest way.
Feng Yu bought in different amounts at different windows, the smallest amount was 1 million US dollars, and the largest amount was 10 million US dollars.
For several days in a row, Feng Yu kept placing orders, but he didn't seem to deliver even once. Feng Yu's crazy buying has attracted the attention of many people.
Who is this young man? He has been here every day for the past few days, and he seems to be seen at night, and he has placed a lot of orders. Even if each order is just the lowest lot, that's not a lot.
But it seems to be a retail investor, and some retail investors also came over, wanting to chat with Feng Yu, analyze each other, and see what the other party thinks, whether the London gold will continue to fall, or rise again.
It's a pity that when Feng Yu opened his mouth, he spoke English, and he didn't seem to understand their Cantonese. Could it be that he came from Scotland? But judging by his accent, he doesn't seem to be British. Although Feng Yu speaks English, it is not a Cockney accent. Feng Yu is learning American English, and the pronunciation is slightly different.
Feng Yu has been chatting with them to see if there are other talents besides the great man in the previous life. Xiangjiang can be regarded as the financial center city in Asia. Naturally, there are many people working in finance. The more people working in finance, the greater the possibility of talents appearing among them.
After chatting for a while, Feng Yu was a little disappointed. He should be the one who was really looking for it. He didn't want to communicate with other people and wanted to make a fortune in silence. These people who came to chat with Feng Yu were either wrong, or analyzed that gold would fall wildly in a short period of time. Feng Yu didn't see anyone worth recruiting.
After investing all the U.S. dollars in London gold futures, Feng Yu called Fu Guangzheng to say goodbye and planned to return to Bingcheng.
Knowing that Feng Yu had boarded the plane, Fu Rongjin asked the subordinate who had been staring at Feng Yu: "What has this kid been doing these past few days?"
"He went to the London Gold Exchange."
"What? The London gold trading market? Hmph, he can really visit the futures exchange, the United Exchange, and he wants to investigate our Hong Kong financial market? Hmph, interesting."
Fu Rongjin was somewhat disapproving. He heard from Fu Guangzheng that Feng Yu likes to invest in stocks and bought a lot in the Mainland. Fu Guangzheng also bought some in the Mainland, and told him a few days ago that he had already made some money. What's the matter, this is because you feel that the stocks in the mainland are less profitable, and you want to see the stock market in Hong Kong?
Although Xiangjiang's stock market can't be said to be too bad, it's not good either. Those who have no experience will go in and wait to die at a loss.
Fu Rongjin sipped the champagne happily. Feng Yu's news was really accurate. In just a few days, the ruble's exchange rate has risen slightly. The two-month delivery that he set, two months later, maybe it will be possible. If it rises to 0.5:1, with my own high leverage, I can at least have ten times the profit, four hundred million Hong Kong dollars can become four billion!
With 4 billion in cash, Fu Rongqi didn't have that much. From now on, I, Fu Rongjin, will be the head of the Fu family! (To be continued.)
ps: There is another update at night, around ten o'clock. Thanks for the reward of the five elements.