Chapter 418: Windfall (6)

After seeing Yao Yi, the wise mouse said mysteriously: "Guess what, I brought you back some good news!"

Yao Yi looked at the wisdom mouse and said with a smile: "Seeing that you are so excited, it seems that you have gained a lot this time!"

The wise rat said in a mysterious way: "I can guarantee you, you absolutely do not know what I have gained!"

Yao Yi thought to himself: "This dead rat wants to sell something in front of me, eighty percent of the gold of Chairman Li of the Federation of Overseas Chinese has been 'gotten' by him, but there is nothing unusual about this, it is all expected, is there anything worth showing off!"

Yao Yi smiled and said, "Okay, don't sell it in front of me, tell me something!"

The wisdom mouse took out a metal box inlaid with gems, and after Yao Yi looked at it, he said in surprise: "What is in this!"

The wise mouse said, "Open it and look at it, and you will know!"

Yao Yi carefully opened the box, and saw a "fine" philatelic album-like thing, opened it, and was shocked, it was all in English, and after a closer look, it turned out to be a ten-year bearer U.S. Treasury bond with a face value of one billion.

This bearer bond (also known as physical bond) means that the name of the creditor is not indicated on the face of the bond and it is not registered in the company's register.

Its advantage is that it has good liquidity and can be bought and sold freely; the disadvantage is that when the bond is lost or damaged, it cannot be reported or reissued, and the security is poor.

Yao Yi looked at the wisdom mouse in surprise.

The wise mouse said, "Surprised, I've already checked, and the value of these bonds is as high as two hundred billion dollars!"

Yao Yi exclaimed: "So much!"

The wise mouse said, "It's nothing, look at this!"

After Yao Yi finished reading it, he asked, "What's going on!"

The wisdom mouse said: "This is the futures investment account of Goldman Sachs in the United States!"

Yao Yi said: "What, futures!"

In his previous life, Yao Yi had heard of futures, and Guo Changxing and Mei Shengcai had also mentioned futures, but Yao Yi was not interested in this thing, feeling that these futures were too ethereal, and he preferred to trust items with strong sensory 'sex'.

In fact, futures (Futures) are the opposite of spot, which refers to the current trading, but in the future 'delivery' or 'delivery' of the subject matter, this subject matter can be a commodity (such as gold, crude oil, agricultural products), can also be a financial instrument, can also be a financial indicator, the day of 'delivery' futures can be a week later, a month later, three months later, or even a year later.

A contract or agreement to buy and sell futures is called a futures contract, and a place to buy and sell futures is called a futures market.

Investors can invest or speculate on futures, but the most important feature of futures is that the speculative component is very strong, and if the inappropriate speculation on futures, such as short selling, can lead to the movement of the financial market.

Stockless short selling refers to the sale or claim to sell or claim to sell commodities or assets such as stocks, gold, securities, etc., that he does not hold in the 'trade' market, and hope to buy the same amount of the same commodity or asset at a lower price in the future.

The purpose of speculation is that if the asset (e.g. a stock) falls in the future, the speculator can make a profit on the difference.

For example, if the price of gold is now $1,200 per ounce, and a speculator believes that the price of gold will soon fall to $1,100 per ounce, and the speculator claims to sell 1,000 ounces of gold at $1,200 per ounce without holding gold,' The trade date is one month later, so that the speculator's investment account will have $1.2 million in income, and after a month, if the price of gold falls smoothly to $1,100 per ounce, the speculator can buy back 1,000 ounces of gold from the market with $1.1 million at a cost of $1.1 million, making a profit of $100,000.

The harm of short selling without stock mainly refers to the fact that it will lead to a large number of selling orders in the 'trading' market, which is more likely to cause the price of the commodity or asset in the market to fall, and is easy to cause a market depression effect, such as a stock market crash or a small stock market crash.

If the price of the asset does not fall smoothly, but turns around and rises, the speculator needs to buy the asset back from the market at a high price in the future to complete the 'transaction', if the speculator himself does not have the economic ability to buy these assets at a high price, the speculator either wants to borrow or evade debts, and the result is to cause 'chaos' and 'chaos' in the financial market, and in serious cases, it may lead to a certain range of financial turmoil.

The wise mouse said: "Yes, futures, do you know, this Chairman Li of the Federation of Overseas Chinese is a very business-minded person, he used his 10,000 tons of gold to open a futures investment account in Goldman Sachs, so far, the amount on the account has been as high as one trillion US dollars!"

Yao Yi couldn't believe it and said: "Oh my God, what's going on, in this way, his gold is all in Goldman Sachs!"

Wisdom Mouse said: "He is not so stupid, but his gold is deposited in the 'Citibank' Bank of the United States, with 10,000 tons of gold as a pledge to lend 500 billion US dollars, invested in the futures investment account of Goldman Sachs, so far, he has not only repaid the loan, but also earned a trillion US dollars in futures assets, and the 200 billion bonds you see!"

Yao Yi said: "According to what you say, Chairman Li of the Federation of Overseas Chinese should be the richest man in the world, with not only 10,000 tons of gold, but also 1.2 trillion assets!"

The wise mouse said: "Hehe, if you say so, you underestimate him, he has more than that, in addition to having a futures account, he also has a securities investment account in Merrill Lynch, which has 600 billion US dollars of funds in circulation, and the focus of investment is on finance, and the oil industry, especially the financial industry, almost the world's top 100 bank stocks, he has shares!"

Yao Yi asked incredulously: "My God, 1.8 trillion assets!"

The wisdom mouse said: "Not 1.8 trillion dollars, but 4 trillion US dollars, he also has an inconspicuous real estate investment company in the world to help him quietly acquire real estate, and the total value of these real estate is as high as 2.2 trillion US dollars, these real estate almost all over Europe and the United States and other developed countries, and are in the prime business area, just in New York alone there are more than 100 billion US dollars of gold real estate!"

After Yao Yi listened, he let out a long breath and said, "My God, what's going on, how does he have so much money and how he makes money!"

The wise mouse said: "This is normal, in his hands, 10,000 tons of gold have been covered by him for nearly fifty years, isn't it normal to earn this little money!"

Yao Yi said: "I can't figure it out, at that time, China was isolated from the world, how could he have the opportunity to invest outside!"

The wise mouse said: "Don't forget, he used to be engaged in foreign trade, hehe, besides, as long as he has money, there are more people who want to do things for him, and there is one more thing, you will be even more surprised when you hear it." ”