Chapter 589: Silver and Buffett

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"What are the bank loans we have issued and the amount of bonds we hold in connection with them?"

"Because we have high restrictions on the conditions for individuals to apply for housing loans, the growth is very slow compared to the same industry. At present, it is only US$27.83 billion, accounting for 5.6% of our assets, holding US$88.7 billion of real estate CDOs, accounting for 17.74% of our total assets, and holding real estate CDSs (credit default swaps) of US$10.46 billion, accounting for 2.1% of our total assets. ”

After a moment of simple consideration, Guo Shouyun said: "The amount of CDS is low. ”

"Now that the U.S. real estate industry is just starting to boom, CDOs aren't issuing too much, and even fewer CDS bonds are betting on a real estate crash, with more than 80% of the market's equivalent bonds at $10.46 billion. And when our business people went to insurance agencies like AIG and Citigroup to buy such bonds, they were ridiculed. ”

After a pause, "Boss, although we predict that the real estate market will fall one day, it is definitely a few years away from now, and is it appropriate for us to enter so quickly? ”

"Stephen, the best way to get the most bang for your buck in a big game is to get ahead of everyone else before they react. Right now, the U.S. real estate industry is in its infancy, and almost everyone doesn't think there's anything wrong with it, and that's our chance. ”

“… As for premiums, the worst subordinated bonds in real estate asset-backed securities are now rated triple-A. The premium for the triple-A level is only 0.2%, and we need $10.46 billion, and the annual premium is only $20 million, even if it is tenfold, it is only $200 million. I think we can afford this money. ”

"I'm afraid that our Phoenix Bank will be a joke in the industry. Stephen Bryan nodded.

"I don't mind if a joke can be exchanged for tangible benefits. … And don't you think it's funny to turn from ridicule to admiration and even jealousy?"

Stephen Bryan smiled and nodded.

"By the way, what I told you last time, did you investigate?"

"Well, the biggest investor in the spot silver market right now is Warren Buffett...!"

"Warren Buffett?" Guo Shouyun said in surprise.

He holds 200 million ounces of spot silver contracts, accounting for 42% of the entire U.S. spot silver market. ”

"This is really surprising news. ”

Warren Buffett gives the impression that he is more steady, focusing on long-term investment, mainly in the stock market and bond market, and obtaining long-term returns.

Guo Shouyun's brows furrowed slightly. The risk of a subprime mortgage crisis can contribute to a sharp appreciation of precious metals, and the price of silver almost doubled during the subprime mortgage crisis because its price was much lower than gold. Moreover, the size of the spot silver market is not as large as that of gold, and with the amount of money he holds, it is easy to monopolize the price of silver and thus obtain rich profits.

However, now that Warren Buffett, a shrewd old fox, is in the way, it may be much more difficult to get enough spot silver contracts from him than to buy them from the market.

"The boss is planning to enter the spot silver market?"

Guo Shouyun nodded, "There is such a plan." Compared with gold, which is rising rapidly, the price of silver is relatively stable, the market size is relatively small, and it is relatively easy to control as a precious metal. It's just that I didn't expect Buffett to be optimistic about silver early, and if you want to get enough silver futures from him, I'm afraid it will take a lot of effort. ”

"Warren Buffett is a shrewd man and has a lot of experience in the financial field, and it is almost impossible to hide from him, so you can only exchange!" Stephen Bryan nodded and said.

"What do you think he wants?"

"Unocal, Pacific Energy, Phoenix, Matrix's original stocks!"

"Why not Apple, Google, and Ruby?"

The profit model of the technology and Internet industry is beyond the scope of his previous experience for the time being, and he will not enter the market easily until he has more specific financial data and time for him to study. On the contrary, traditional industries such as energy, finance, oil, and media are more in line with his appetite. ”

Guo Shouyun nodded, and after a moment of silence, "It seems that I am going to find a chance to meet this 'stock god' again." ”

“… Okay, that's all for today. Today, Christmas Eve, I won't delay you coming home. ”

"Isn't the boss going back?"

"Of course I have to go back, or the two little ones will probably ignore me as a father." … That's right. Saying that, Guo Shouyun took out a gift box from his pocket and handed it over, "Patek Philippe Limited Edition, a Christmas gift for you." ”

"Then you're welcome!"

A Patek Philippe limited edition watch is a luxury that can only be seen by the average person, but for them, it is just a gorgeous watch.

"Okay, I've delivered the stuff too, and it's about the same time. It's time for me to go, too. ”

"I'll send the boss!"

"Hmm!"

After leaving Phoenix's headquarters, Guo Shouyun returned to San Francisco on his private jet. Perhaps inheriting the Chinese people's natural penchant for boisterousness, on Christmas night, Guo Shouyun took the Lincoln family, including Liu Zhixing's father and daughter, as well as the geniuses he valued and planned to cultivate, such as the Qian siblings and Natalie Downey, into his home.

The lively atmosphere and joyful words made Qian Xiaoling, a cold-faced little girl, also become happy.

Seeing them playing with their two children, Guo Shouyun had a satisfied smile on his face.

"Looking at your appearance, I don't know and think it's 'Grandma Wolf'!"

"Catherine, you can also have one with Zhixing. ”

"Let's talk about it in a few years, wait for Nan Nan to be older. ”

After glancing at her, "Nan Nan is a sensible child, tell her clearly, she will agree." ”

There was a hint of hesitation on Katherine Lincoln's face, and after a moment, "Forget it." I haven't known her for too long, and it's not too late to have a child when she can accept me more than a little later. In addition, it is the period of rapid development of the Kwok Group, and I do not have time to take care of my children. ”

Unable to avoid Guo Shouyun continuing this topic, she quickly changed her words: "I heard Wendy say that you plan to set up a private school?"

Guo Shouyun nodded, "Actually, it's not a private school, it's just to create a good learning environment for Elizabeth and George in the future." ”

.。 m.