Chapter 247 of the text Gold Market

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On the second day, Ye Jingcheng came to Qianlong Investment Co., Ltd., and it happened that Cao Renchao and Li Zhengping were in the company, so he was exempted from having to run an extra trip. ±

After sitting down, it is natural to first understand the development trend of the company during this period, and then the topic turns to the investment project.

"What is the shape of the international gold price recently?" Ye Jingcheng was the first to ask.

"It fell very hard, it was still $650 per ounce on New Year's Day, and now it has fallen to $492 per ounce." Li Zhengping replied.

Although Ye Jingcheng did not have a comprehensive investment plan for them before, he also told them to pay attention to precious metals and oil.

The reason for his doing this is very simple, due to the limited information in this era, some relatively small markets are easy to be manipulated by large conglomerates, and the last 'Silver Desperate Case' is an example.

For those who don't know the inside story, it is natural to lose everything. But for Ye Jingcheng, who understands something, as long as he finds the right opportunity to hang behind those big conglomerates, even if he eats the leftovers left by the other party, he can make him fat.

"Ye Sheng, do you have a big plan? Short selling like last time? Cao Renchao, who has always been calm and comfortable, showed a little excitement.

The last time he shorted silver, he and Li Zhengping took advantage of the situation to follow, and in the end they both made a lot of money.

However, Cao Renchao knew that there was only one such opportunity, and Ye Jingcheng saw that they had just joined the company, so he intentionally or unintentionally revealed that they were allowed to join in with their funds, the purpose was to let them have a good start, and then concentrate on working for the company.

It's just that without such an opportunity, they still have a 1% profit commission. This rate is low, compared to the other general 2.5%, which is indeed pitiful.

But to put it mildly, they work for other companies, and the commission for a sale is up to hundreds of thousands. But working under Ye Jingcheng, just from the last short selling of silver, each of them raised 15 million dividends.

As the saying goes, 'If you don't open for three years, you will eat for three years,' and this time they opened, it was enough to live for a long time. Now that they come back to their senses, they still have a bit of an incredulity.

"If everyone thinks like you, what else is wrong with me?" Ye Jingcheng quipped.

His plan is to go long gold in the futures market, and then properly deposit some gold spots.

"Ye Shengyou...... It's really unexpected. Ye Jingcheng's decision provoked Cao Renchao to suddenly stutter.

Indeed, as the price of gold continues to fall, there have been many people who have shorted it, and some even assert that the price of gold will fall below 400, but gold, as the most popular precious metal, will not fall as much as silver has no bottom.

It is unlikely that the price of gold will fall to 400, but there is still a great chance that it will fall to about 450, and if Ye Jingcheng joins the ranks of short selling now, the profit margin is the gold price difference between 450 and 492.

Although it is not as profitable as the last time when shorting silver, don't forget that Ye Jingcheng is now worth money, and he can make at least 100 million yuan with money. I didn't expect him to go the other way, you guys are short selling one by one, right? Okay, since that's the case, I'll do long, can I send you money to spend?

Of course, Cao Renchao didn't think that Ye Jingcheng was giving money. In fact, only a small percentage of those who invest in futures and the stock market can make money. Therefore, most people short gold, not necessarily the price of gold will fall, on the contrary, it may rise as Ye Jingcheng said.

"Ye Sheng, what are you going to do this time?" Suddenly, Cao Renchao was full of confidence in this plan.

"In addition to doing futures this time, how much spot do I want to invest." Ye Jingcheng said his plan.

In fact, this is not the most suitable time to enter the gold market. When is it best for you? It is the time of one month before and after New Year's Day at the beginning of the year.

At that time, the Soviet invasion of Afghanistan caused a rush to buy gold. The price of gold rose to an all-time high of $875 an ounce in January.

If Ye Jingcheng joined at that time, he could have made a long round first, and then a short round, and he had already made several times so far. It's a pity that a person's memory is always limited, and some of the dusty memories need an opportunity to activate, and he only remembered the situation this year when he recently paid attention to the collapse of citrine.

1980 was definitely the year of the biggest ups and downs in the world's gold market.

Gold peaked at US$875 an ounce and reached a low of less than US$300 an ounce. As long as Ye Jingcheng grasps the difference between these two figures, it is not difficult to multiply his property several times.

In fact, it is not only gold, but the oil market is even crazier. First, the Soviet Union invaded Afghanistan, the dispute between England and Argentina over the Malvinas Islands, and the Lebanese conflict, which triggered the second oil crisis.

It's a pity that Ye Jingcheng missed the best opportunity to enter the market, so he could only wait for the price to rebound before deploying.

And oil investment is not as good as gold, the biggest problem is the spot processing, gold has a lot of storage methods, but the storage and release of oil, not just dig a pit can deal with.

"If Ye Sheng thinks about doing gold spot, it's best to find a trustworthy bank to cooperate." Cao Renchao understood Ye Jingcheng's approach.

Although the investment in gold spot is large, the risk is not so high. The main reason is that Ye Jingcheng has this fund in hand, so there is naturally no need to take this kind of risk.

"Masahei, what do you mean?" Ye Jingcheng noticed that Li Zhengping had been an observer just now, and he seemed to have other thoughts in his heart.

"I don't think it's better to ask for others than for yourself."

It's not that Li Zhengping wants to contradict Cao Renchao, but he feels that there is really no need to cooperate with a bank. Out of long-term considerations, he said: "In fact, with Ye Sheng's current capital, instead of cooperating with a bank, it is better to acquire a bank in the market, so that it is more convenient for our company's financial entry and exit to be handled." ”

Cao Renchao nodded silently after hearing this, and analyzed: "What Zhengping said is not unreasonable, but in order to develop the bank's business in this area, in addition to having enough ability to manage the bank's talent executives, there is also a big problem that is the bank's security system. ”

"Hmm." After listening to the two people's construction, Ye Jingcheng fell into deep thought.

First of all, the talent executive who manages the bank, he has two candidates in mind. One of them is Yuan Tianfan of HSBC, the future working emperor has already intended to move closer to him, as long as there is this platform, I believe he will not refuse the invitation.

The other is Huo Jianning, who is still the accounting director of Changjiang Industrial, Ye Jingcheng tried him last time, but the other party's answer can only be regarded as ambiguous. The main reason is that Ye Jingcheng didn't show him his strength, or he should find another time to talk to him.