Chapter 0014 Gold Futures

Because I slept earlier last night, slept enough, and got up early the next day, the mid-levels mansion area in the morning is particularly distinctive, there are clouds and mist not far overhead, but I didn't see the clouds drifting down, and the air is particularly good, plus the surrounding green trees, backed by green mountains, facing the sea, the field of vision is extremely broad, Zhao Weidong is also intoxicated in it, and played a trip to Tai Chi on the grass.

After breakfast, the people arranged by Ye Minghui were already waiting for Zhao Weidong, and he specially explained to Ye Qianru before leaving:

"Qianru, I'm going to do an errand, I'll be back soon, let's go out together when we come back, okay?"

"Brother, go ahead, I'll wait for you at home."

When he arrived at the gold futures exchange, he really quickly opened a gold futures trading account, and Uncle Ye Minghui immediately transferred 900,000 US dollars to the trading account.

Zhao Weidong seriously recalled the history of world gold in his previous life, and historically, before the 70s of this century, the world gold price was basically stable and did not fluctuate much. The large fluctuations in world gold have only happened since the 70s of the last century. For example, in 1900, the United States introduced the gold standard, when it was $20.67 an ounce, and the gold standard remained until the Great Depression, and in 1934 Roosevelt raised the price of gold to $35 an ounce.

The Bretton Woods system, established in 1944, was effectively a "dollar standard for convertible gold", and the price of gold remained at $35 until 1970 due to the positive impact of this monetary system on post-war economic reconstruction. In 1972, the price of gold rose from $46 to $64 per ounce in the London market. In 1973, the price of gold broke above $100. From 1974 to 1977, the price of gold fluctuated between $130 and $180. In 1978, crude oil soared to $30 a barrel and gold rose to $244. In 1979, the price of gold rose to $500. In October, US inflation topped 12%. In the first two trading days of January 1980, the price of gold reached $634, and the U.S. Treasury Secretary Miller announced that the Treasury would no longer sell gold, and in less than 30 minutes, the price of gold rose by $30 to $715, hitting a new high of $850 on January 21, becoming the highest point in 30 years. U.S. President Jimmy Carter had to come out to suppress the gold market, saying that he would do whatever it takes to maintain America's position in the world, and the price of gold fell by $50 at the end of the day, and then fell back below $400 in a year and a half.

Over the next 40 years, the price of gold fluctuated dramatically, with a low price of US$253.8 per ounce (July 20, 1999) and a high of US$1,920.76 per ounce (14:30 on September 6, 2011). On 18 January 1980, the price of gold had risen to US$850 per ounce and remained below US$400 for more than two decades, especially between US$300 and US$200 for a considerable period of time, and below US$300 for four years, from January 1998 to March 2002. The price of gold recovered above US$300 at the end of March 2002, returned to US$400 on 1 December 2003, exceeded US$500 an ounce on 1 December 2005, exceeded US$600 an ounce on 10 April 2006, reached a recent high of US$723 on 11 May 2006 and reached a recent high of US$1,920.76 an ounce on 6 September 2011.

Zhao Weidong looked at the gold trend chart in the hall, looking at the current price, it has been hovering around 162 (US dollars / ounce) for nearly half a month, and it should start to fall sharply today, but the people on the scene are talking about it, it has fallen to the bottom, and it is about to start rebounding, Zhao Weidong thinks that it is time to go to the counter of the brokerage company to handle all the short gold futures procedures for 900,000 US dollars. After the formalities were completed, Wei Dong saw that the point of buying short was at 161.8 (US dollars / ounce), a total of 2322 hands, and finally seized the first opportunity, okay, now you can play with confidence, wait for a while.

Zhao Weidong walked out of the trading hall, stopped a taxi, took the taxi back to the villa, along the way he was thinking about many questions, he was thinking about his own start-up capital is small, it is still very difficult to make a lot of money, only patience slowly developed, soon the taxi came to No. 12 Robinson Road, Zhao Weidong paid the fare, walked to the gate of the villa, rang the doorbell, Qianru heard the doorbell and immediately ran out to open the door to Zhao Weidong, looking at her happy smile, Zhao Weidong also had a warm feeling in his heart.

"Brother, have you done your business?"

"That's it, next, we have to have a good time in Hong Kong, play all the fun again, and have a good time."

"Okay, we'll go play every day from now on."

"Go, close the door, let's go in."

"There's still a lot of time in the morning, let's wait a minute and call Sister Xiaofang to go swimming together, anyway, we have a swimming pool at home, how convenient."

"Sister Xiaofang, Sister Xiaofang, let's go swimming."

Before returning to the villa, Qianru began to scream loudly, reflecting her happy mood, she put down the hand she was holding, and ran all the way back to the villa to find Xiaofang, just ran to the door of the villa and collided with Xiaofang who ran out of it, only to "ouch", and made a fuss again, you chased me and ran into the villa, Zhao Weidong shook his head, thinking that girls like to play, and followed into the villa.

"Sister Xiaofang, let's go swimming."

"Okay, then I'll go change clothes with Qianru, and you can go back to the room to change clothes quickly."

"Okay, I'll go."

In less than five minutes, the three of them had changed their clothes and came out, everyone walked out of the villa and walked to the swimming pool from the right path, which was a square swimming pool of about 300 square meters, the pool water was clear and transparent, and the water surface rippled in the breeze. As soon as they arrived at the pool, the three people rushed to jump in, and the water splashed for a while, the water splash here has not fallen, and the two sisters began to splash the water, and they had a lot of fun, Zhao Weidong also joined the battle, seeing his joining, the hostile relationship between the two sisters immediately changed, and became Shuangjiao Zhan Weidong, although Zhao Weidong has a strong water war technique, but in order to cooperate with the two girls' play, he chose the same primary technology to fight water war, the fun of playing, so that the two girls smiled happily, Zhao Weidong saw that the joke was almost over, so he proposed to come to the swimming competition, and the two of them also agreed, and began to compete to be faster than anyone else, until everyone had no strength to swim before ending the swim.

When the three of them finished swimming, it was almost time for lunch, everyone hurriedly changed out of their swimsuits, got dressed and came to the restaurant, at this time Ye Minghui and his wife had already arrived at the restaurant, there were five dishes on the table at noon today, all of which were more delicate and delicious dishes, the plates were clever, the side dishes were exquisite, the color of the dishes was attractive to the eye, and the fragrance wafting from the table was not yet sitting, the dining table was rectangular, Ye Minghui sat in the middle seat, Aunt and Sister Xiaofang sat on one side, Zhao Weidong and Ye Qianru sat on the side, The maid at home, Li's mother, served a meal to everyone and walked away gently, Zhao Weidong took the meal and ate it in a big gulp, he put a chopstick dish in his mouth and chewed it, and immediately realized the difference, the taste and heat of this dish are well controlled, there is a high-end hotel seven-layer heat, it is really good, seeing everyone eating, no one speaks, it seems that the uncle's family still has the style of the ancients "food does not speak, sleep does not speak". Today, the three of them were playing very crazy in the swimming pool just now, and it is estimated that they have consumed a lot of physical strength, so everyone is very hungry and has eaten a lot of food, Ye Minghui also found out, after everyone put down the rice bowl and chopsticks, they heard Ye Minghui say:

"Fangfang, you usually say that you want to keep in shape, and you only eat one bowl of rice at every meal, why did the sun come out of the west today, and you ate two bowls of rice."

"Today, for some reason, I feel very hungry, so I can only eat one more bowl."

Ye Minghui came to the living room sofa with a smile and sat down, everyone also found a seat to sit down, and said to Zhao Weidong:

"Dongdong, how did things go this morning?"

"Uncle, everything is going well this morning, the gold futures trading account is completed, and all the funds have been bought."

"Oh, so are you long or short?"

"Uncle, I'm short-buying."

"What, buy short? I also have a certain amount of research on gold futures, the company also has a certain amount of funds to do gold futures, from the analysis of our company's professionals, gold futures have fallen to the bottom recently, is brewing a rebound, if you buy short on the whole position is not risky, simply go to close the position this afternoon to reduce losses. ”

"Uncle, don't worry, my feeling is very accurate, otherwise I wouldn't be able to make so much money in China, I just feel like I'm going to fall this time, so I bought short, but the money is too little and I can't buy many hands."

"You're so sure you're going to fall?"

"I'm sure. Don't know how easy it is to get a loan in Hong Kong? I can pay three times the interest from the bank. ”

"It is not difficult to get a loan in Hong Kong, but it is not possible without credit and collateral, how can you prove that you are right."

"If it doesn't fall within two days, I lose."

"Okay, if it really falls within two days, I will give you a loan of 100 million US dollars, but there is one condition, this fund should be placed in my company's gold futures account, you will operate the funds, and the money earned will belong to you, and you only need to pay three times the loan interest to my bank."

"Uncle, in two days, you will see that I am right, and you will not regret the decision you made."

"Okay, I'll see."

Sure enough, the second day began to increase the decline, and by the end it had fallen to $161.05 / ounce, and on the third day it continued to fall, and by the end it had fallen to $160.51 / oz. Ye Minghui didn't expect Zhao Weidong's feeling to be so accurate, there are really people in the world who can be so intuitively accurate, what a business opportunity is that, it seems that you can give it a try, anyway, the funds are in your own account, the risk is controllable, as long as the limelight is not right, you will close the position immediately, the loss is limited, if you succeed, this interest will pay the bank one interest every year, and you can get two interest, people say that the bank is the most profitable, I make twice as much money as the bank, why not do it, what is the absolute insurance business in the world, After careful consideration and many trade-offs, Ye Minghui decided to do it, and he went to the bank to go through the loan procedures on the same day, because his personal assets exceeded 500 million US dollars, and the funds had been transferred to the company's account on the morning of the fourth day.