259 Layout of gold futures

Three days later, Henry Morgan took Chen Zhiwen to a building in the middle of Wall Street.

"This isn't the headquarters of Morgan Stanley, is it?" Chen Zhiwen looked at the building whose name had nothing to do with Morgan and asked curiously.

"This is Morgan Stanley, a place to entertain VIP customers, only long-term cooperation with old customers or the introduction of deep relationships can come here, Eric, you are here, also because I guarantee it." Henry Morgan explained: "Morgan Stanley's main business is investment, which is different from Citibank and JPMorgan Chase, and the investment purpose of many customers will cause a great impact on the market, or because of the problem of customer identity, or the need for confidentiality, this kind of customer is inconvenient to expose, not to mention journalists and media, that is, people inside Morgan Stanley, the less they know, the better, some well-known ones, appearing in a place will be news, appearing in Morgan Stanley, may cause a lot of stock fluctuations, So we'll arrange it in a more secret place, in fact, Goldman Sachs, Lehman Brothers also have similar places like this. ”

"Understood." Chen Zhiwen nodded, this is the same as him in Hong Kong, if he appears in one place, it may cause some speculation from the media, but fortunately, in Hong Kong, the media is still very weak, plus he controls TVB and has invested in some print media, it is relatively easy to control public opinion, unless there is a big consortium against him.

But the United States is different, it is true that the United States is also the king of capital, but there are too many capitalists here, it is unlikely that there will be only a few parties of capital like Hong Kong, and at the same time, as long as there is no major contradiction and interests are in the same direction, several parties of capital will also cooperate, while there are too many interest groups in the United States, and it is impossible to reunify, and many media also have big capital behind them, and they are not afraid of everything at all, and even the president of the United States can do it for you.

"Let's go, there's already someone waiting for us up there." Henry Morgan said with a smile.

Several people followed Henry Morgan in, and after verifying their identities, only Chen Zhiwen and an assistant were able to follow Henry Morgan up, and soon, after reaching the 26th floor.

As soon as the elevator was opened, a blonde man about 40 years old was waiting at the elevator door, and when he saw Henry Morgan, he smiled and said, "Hi, Henry, hello, Mr. Chen, hello." ”

"Eric, this is Jim, the vice president of Morgan Stanley, and a good friend of mine, this time, he will be in charge of your investment plan." Henry Morgan introduced.

"Hello, Jim." Chen Zhiwen nodded, shook hands and smiled.

"Inside, please." Jim politely gave in, and then the group went to a reception room.

Henry Morgan did not go in, and said, "Both, you go in and talk, it is inconvenient for me to go in." ”

“OK。” Jim nodded, the conversation with the client was top secret, even Henry Morgan, it was impossible to know casually, unless the client's permission was obtained.

"Then wait for us for a while, it shouldn't be soon." Chen Zhiwen said.

"Eric, don't worry, you talk slowly, there is a special SPA on the lower floor, which is exclusive to VIP members, I'll enjoy it slowly, you take your time." Henry Morgan smiled and waved his hand away.

"The 25th floor is a place where we provide all kinds of leisure services for VIP members, and if Mr. Chen is interested, he can also go to find out later." Jim said.

"Well, let's get down to business first." Chen Zhiwen nodded, since the customers here are super-rich, then there are naturally corresponding services, not only financial services.

"I heard Henry say that Mr. Chen wants to invest in futures, I don't know which one?" Jim asked.

"Gold." Chen Zhiwen said: "I want to go long gold, my principal is 200 million US dollars, and I hope to use this as collateral to borrow a billion US dollars from Morgan Stanley. ”

"$1 billion long gold?" When Jim heard this, he immediately came to his senses, this is a big deal, even for Morgan Stanley, it is a big deal.

Although the top peers in the United States all control hundreds of billions of dollars in assets, they are actually not their own, and they are just escrow, making money for customers through various financial means, and then receiving a dividend from it.

Most of these are very stable low-risk returns, for example, many large pension funds will entrust American investment banks to invest, but will only allow the purchase of treasury bonds, debts issued by large companies, stable company stocks, etc., this kind of business, there are too many institutions that can do it, therefore, investment banks do not make much profit in this area, but because of the large base, it can form a scale effect.

Private high-risk investment is the favorite mode of investment banks, long or short, the funds required are to pay a lot of interest, as long as the risk is controlled, it is basically made in vain.

"Yes, at the end of this year, it will officially start, and there are still two months to go, and I will prepare the corresponding principal." Chen Zhiwen said: "I just don't know, can Morgan Stanley be ready?" ”

"Mr. Chen, don't worry, $1 billion is nothing to Morgan Stanley." Jim said confidently.

"That's good, then I need to get the interest and the corresponding contract as soon as possible, and then my legal department will review and verify, if there is no problem, we can sign the contract." Chen Zhiwen nodded and said.

If it is just a small investment, such as tens of millions of dollars, then going to Goldman Sachs, Morgan Stanley and other investment banks to go long or short, is basically a standard contract, love to sign or not, but if it reaches the level of tens of millions of dollars, it can already affect the annual KPI of the investment manager and even this department, then there is a certain room for bargaining, after all, this kind of customer will also be the target of other competitor investment banks. And if it reaches the level of 100 million dollars, it is the investment bank that has come to ask for their cooperation. After all, it is a company with a scale of several hundred million dollars to go public, and all investment banks can fight to the death if they grab business.

"Okay, I will report this matter as soon as possible, as long as there is accurate information, I will definitely inform you as soon as possible." Jim said.

"Here are my contact details." Chen Zhiwen handed over his business card, which had several phone numbers corresponding to several of his assistants. No way, although Big Brother has appeared early now, but the telecommunications infrastructure is not enough, not every place can have a signal, telephone contact is still much more convenient, there is always an assistant next to the phone.

"Thank you Mr. Chen for choosing us Morgan Stanley, I will serve you wholeheartedly." Jim said with a smile after taking the business card.

"Whether you can cooperate or not depends on the conditions you prescribe." Chen Zhiwen said lightly.

"I won't let Mr. Chen down." Jim said with a smile, and then asked: "Mr. Chen, I don't know if you have any other investment intentions besides gold futures, if not, I have a lot of projects with very good returns." ”

After receiving the notice from his friend Henry Morgan, Jim immediately investigated all the information of Chen Zhiwen, including Costco, Wal-Mart's major shareholder, Hong Kong's Hutchison, Wharf, Midea and Red Bull, etc., he was surprised to find that in addition to the Hong Kong real estate industry that he didn't know very well, several other companies were very high-quality, and at the same time, he probably consulted with friends in the industry, and knew that Chen Zhiwen must have a rich cash flow in his hands.

Regardless of whether there is extra money beyond the $200 million, but just a few companies can get a lot of money from other commercial bank loans, which is the ultimate goal he wants, to squeeze all the value out of his customers.

"It's not necessary, but as long as this cooperation is pleasant, if there are any projects in the future, I can give priority to you." Chen Zhiwen drew a big pie, he naturally knows his current weight, and it is not bad to hang the investment bank with the pie of the future, at least if it succeeds, it may be able to reduce a little bit of interest, and the futures borrowed with a billion dollars of funds, a little less interest is also a large amount of money.

"Understand, we're the best for you." Jim nodded and said, it is indeed impossible for people to invest in themselves for the first time, but there is no loss when you ask, this kind of customer, in fact, is very stable, if you are used to cooperating with a company, it is unlikely to change under normal circumstances, investment banks in the United States have been operating for hundreds of years, and they have long known human nature, many super-rich people, who have cooperated more with big investment banks, may be extremely trusted, and even send money over for investment without going through many procedures.

Of course, this will not be most of the assets of people, at the same time, several major investment banks also attach great importance to the interests of customers on the bright side, even if they secretly pit customers, at least on the surface to do it in place, they are not those ordinary hedge funds, if they really have a bad reputation, they have a great impact on themselves, therefore, they also attach great importance to customers.

"So be it for today, if there's news next, then I'll come here again." Chen Zhiwen said.

"Okay, Mr. Chen." Jim nodded.

In the next half month, Chen Zhiwen went to Lehman Brothers, Goldman Sachs, Bear Stearns, Deutsche Bank in New York, Barclays Bank in New York and other more than a dozen of the world's top investment banks through other channels.

It is naturally impossible to cooperate with so many banks, and it is not enough to sell him for so much principal, so in the end, you only need to choose the few with the greatest discounts. This long gold is the most important move in his layout over the years, and most of all the previous investments are prepared for this day.

It's really too fragrant for gold to rise next year.

Before the 70s, gold has been pegged to the US dollar, which is one of the main elements of the Bretton Woods system, countries use the US dollar as foreign exchange, global transactions are in US dollars, and anyone can exchange US dollars for gold in the United States.

There was no problem with this regulation during World War II, because during World War II, the United States mainland was not threatened by war except for the Pearl Island, and a large amount of money and gold flowed into the United States, not to mention that during the war, the United States government made a windfall of arms and oil and other resources, selling Germany to Britain, and Japan to China......

After World War II, the economy of Asia and Europe collapsed, and the United States held more than half of the world's gold, which was also the basis for the establishment of the Bretton Woods system, but with the economic development of Western Europe, Japan and other countries, they earned a lot of dollars, and a large amount of gold was exchanged, and finally in 1971, the U.S. government saw that the gold was almost gone, and President Nixon quickly abandoned the Bretton Woods system, and since then the price of gold has let itself go.

In 1972, the price of gold reached $66.

In 1973, the price of gold exceeded $100.

In 1975, the price of gold broke through $180.

In 1978, the price of gold broke through $214.

In the past few years, it was not outrageous, and the increase was normal, which is why Chen Zhiwen did not invest in gold before 78 years, because the return on investment was not as good as Hong Kong's real estate, and at the beginning of 1979, the price of gold was only slowly and steadily rising, and all kinds of bearish voices on Wall Street were endless, and countless people did not believe that gold would continue to rise, but the fact was about to slap them in the face.

$300.

$400.

$500

……

It was not until January 1980, when gold peaked at $850, that it gradually fell back under the forced intervention of US President Jimmy Carter.

The most basic logic of this is that in the past few decades, the world's gold reserves have not increased much, and the dollar has been printed too much, and so many countries, including European countries, have run on gold before the 70s, because they discovered this, and eventually the dollar had to decouple from gold, but still could not control the price of gold.

Because the dollar lost its calibration, people didn't believe in the dollar anymore, until the follow-up dollar was pegged to oil, plus the oil price skyrocketed after the second oil crisis, all countries needed dollars, and the demand for gold was not so strong, plus the US government intervened, and finally suppressed the price of gold within a year.

This kind of "golden" opportunity, in the history of modern business, can only be compared with the third oil crisis, that time, oil prices soared about 3 times, and the time interval is shorter, more suitable for long.

As for the second oil crisis that is about to break out, because oil futures have not yet been born, there is no way to speculate, of course, similar to his hype in the first oil crisis, the method of plastic speculation, in fact, also works, that is, the scale is almost impossible to reach the level of one billion dollars, and there is a lesson, those chemical and oil giants are not stupid. Therefore, the return on investment is far inferior to that of gold futures.

Such a large value of futures contracts is enough to make several major investment banks pay attention, and this is not something that can be quickly decided in a few days, and after leaving some relevant personnel, Chen Zhiwen returned to Hong Kong again.

(End of chapter)