Monday, May 16.

"Up to 600 Hong Kong dollars per tael"

The gold and silver trading market was full of people, overwhelmed, excited, and regretted by the rise in gold prices.

In just over a month, the price of gold has risen from more than 480 Hong Kong dollars per tael to 600 Hong Kong dollars.

"Gold is going to go up! At least 700 Hong Kong dollars, 800 Hong Kong dollars is also possible! Someone shouted a slogan that shook the sky.

People have gone crazy about the rise in gold, and the war to liberate Shanghai last week has naturally caused the price of gold in Hong Kong to soar, and even jewellery stores are overcrowded.

The news of the gold and silver trading field reached the Yangtze River Yinhao, and Lin Zhi was overjoyed.

Gold's rise to HK$600 per tael comes at the right time:

First, the war in the Shanghai market is in full swing, which will inevitably cause the external environment to promote the price of gold to continue to rise;

Second, the Hang Seng Silver just cashed out a batch of gold last week, estimated at 2~30,000 taels, and the follow-up gold is still at sea and has not yet arrived in Hong Kong.

"Arrange to cash out the 3,000 taels of gold in your hand first, and cash out at a price of more than 600 Hong Kong dollars!"

Lee Shau Kee said excitedly: "Okay, I'll arrange it immediately!" ”

He knew how much gold the boss had in his hands, which was more than 15,000 taels.

Although the Hang Seng Silver has recently sold 20,000 or 30,000 taels, it is a partnership after all, and it is the boss of the gold and silver trading field.

With the command being delivered.

Ah Shan, who was in the gold and silver trading ground, quickly stood in the middle of the patio, his palms bent outward, and a group of people immediately swarmed up.

Ah Shan quickly sold 6 lots of gold (600 taels) and traded them to three of them;

Then everyone went down, each took a notebook and recorded it, and later went to the registration department.

Ah Shan did not continue to cash out immediately, but waited for the next operation instructions;

Ah Jin needs to pass the news in the field to the headquarters on the second floor of the Yangtze River Silver No.

"Boss, it seems that this week is very suitable for cashing out, and the price can stabilize at more than 600 Hong Kong dollars per tael. If it is next week, Hang Seng Silver and other gold dealers may also cash out in large quantities. It's just that your remaining gold is also pledged to the Bank of East Asia. Lee Shau Kee reminded.

Since he decided to cash out, he guessed that the boss was planning to cash out all of it.

After thinking about it for a while, Lin Zhichao said: "I will go to the Bank of East Asia later, let Jian Lao Bank make it convenient, and let me withdraw gold at any time to cash out." I don't think there's anything wrong with that. ”

The purpose of the mortgage is to be able to repay the loan, and now that Lin Zhichao's gold has risen so much, Jian Dongpu will naturally be accommodating. What's more, in Jian Dongpu's heart, Cheung Kong is worth four or five million.

In the afternoon, Lam went to the Bank of East Asia Building at 10 Des Voeux Road, a landmark building built in 1935 in Central, Hong Kong, and was rated as a 'model of modern, streamlined architecture'.

Seeing these buildings, Lin Zhichao is very longing in his heart, probably because he likes to be a 'landlord' and a 'rent collector' in his bones.

After coming to the general manager's office, Jian Dongpu happily greeted him.

"I knew you were about to find me, gold went up so much."

Lin Zhichao said with a smile: "Jian Lao is in such a good mood, has all the assets of the Shanghai Stock Exchange been withdrawn?" ”

In order to befriend Jian Dongpu, Lin Zhichao did not analyze the situation to him to avoid the loss of the Bank of East Asia.

Jian Dongpu patted Lin Zhichao's shoulder and said gratefully: "It's still your fierce vision, we only sold Shanghai's property assets in time at the beginning of the year, and avoided a lot of losses." ”

After speaking, he invited Lin Zhichao to the sofa and made tea for him personally.

The Bank of East Asia's building in Shanghai is very beautiful, and it has become a protective building for generations to come. Originally, it was impossible for the Bank of East Asia to withdraw so cleanly and thoroughly, and this was due to Lin Zhichao.

Lin Zhichao rarely analyzed them, and he was afraid that others would not believe them, but he mentioned some things in front of Jian Dongpu and Lee Shau-kee. Of course, he's not saying anything bad about anyone, it's always fair to say what everyone stands for.

"That's great! But I admire Elder Jian for being able to make this decision. ”

The decision was not so easy, otherwise why would Jardine lose £30 million in assets.

"Tell the truth! This decision is indeed difficult to make, after all, BEA has a large business in the Shanghai Stock Exchange. However, I am more familiar with you, and I think that Junjie, who can create such a wealth in two or three years, must have a lot of outstanding features. So I decided to withdraw from the mainland gradually. The headquarters building in Shanghai alone brought in US$500,000 in revenue for BEA."

Jian Dongpu is still a veteran, first selling off heavy assets, and it was not until March that all of the Bank of East Asia's business was withdrawn from the Shanghai Stock Exchange.

"So cheap?" Lin Zhichao asked curiously.

You must know that Du Yuesheng sold the mansion in the magic capital for 400,000 US dollars. The BEA building is huge, just around the corner of Sichuan Middle Road.

"If it's not cheap, no one will take over! Now it seems that it is 100,000 US dollars, and I am afraid that I will not dare to take it over. ”

Lin Zhichao thought in his heart, not necessarily, the Shanghai market is now copying the bottom of the property, maybe there will be more!

"By the way, are you here this time?" Jian Dongpu asked.

Gold has risen sharply, and this young man's net worth has also risen sharply, but he is in his early twenties, and his net worth is probably close to 10 million Hong Kong dollars, plus Cheung Kong's words.

It's not easy, it's just a business wizard!

Lin Zhichao said seriously: "I want to cash out all the gold, and it is expected to be within this week." So, I want to get back the gold I have pledged first, and then repay the loan and interest from the Bank of East Asia. ”

Jian Dongpu thought for a while, and then said: "Go through the formalities, this is not a problem!" ”

At the end of the day, mortgage is a risk to worry about. Now that others are cashing out and making profits, there is naturally no risk.

Lin Zhichao hurriedly expressed his gratitude!

Jian Dongpu asked curiously: "After you cash out this time, will you continue to speculate on gold?" ”

Lin Zhichao said directly: "No, I won't have the slightest memory!" Even if the gold rises to 1,000 Hong Kong dollars per tael, I will not regret it. Of course, I think that behind the gold are the cash of those imported gold merchants, and the gold merchants in Shanghai. ”

Jian Dongpu laughed and said, "Makes sense! But you also have a share, and you can also cash out. ”

Since this young man has already caught up with He Xian, there is no reason why he can't import gold at all, and to be honest, the Bank of East Asia doesn't have such a good treatment. Of course, this is also related to the small scale of BEA's gold speculation.

Lin Zhichao shook his head and said, "The profit is limited, and the risk is too high, so why bother to take a souvenir." ”

With a lot of money-making business, he won't be so stupid.

Jian Dongpu admired Lin Zhichao a little, if it was him, he would not stop at the first time after making so much money.

Subsequently, Jian Dongpu led Lin Zhichao to start the procedures, and after the processing, it was equivalent to him being able to withdraw the gold at any time.

Thursday.

In less than 4 days, the Yangtze River Silver sold 15,160 taels of gold, with an average price of 606.5 Hong Kong dollars per tael. Such a large-scale cash-out more or less affected the rise in gold prices, but did not let the price of gold fall below 600 Hong Kong dollars per tael.

Who knows, on the same day, the Hang Seng Silver began to sell a large number of them, and its strength was much larger than that of the Yangtze River Silver, selling 10,000 taels in one day, and the price of gold began to fall, but it was quite stable.

"I don't believe gold will fall! The price of gold is going to rise sharply! Arrange for me right away, buy another 50 lots! Huang Caifu, a Shanghainese gold businessman, shouted roaring on the phone.

After hanging up the phone, he was still not at ease, and decided to go to the gold and silver trading field to supervise the battle in person.

During this time, he has earned a full 500,000 Hong Kong dollars, and he thinks that gold will rise to 800 Hong Kong dollars per tael, so the more speculation grows.

But just now, my subordinates called and said that the price of gold had fallen below 600 Hong Kong dollars per tael, and the selling orders were very large.

"Hold on! Hold on! In the mainland, the Shanghai market in JieFeng, the war will make the price of gold skyrocket! ”

"Those sell orders must be short orders, as long as the gold rises, they can only lose money! Or take out the gold! ”

The more he thought about it, the more excited he felt, and Huang Caifu decided to unite with his counterparts in the Shanghai market to take a good look at those who 'sold short orders'.

There are many Shanghai gold merchants and financiers who have such ideas, the first of them is optimistic about the future of gold, the second is that they do not know that the Cantonese gold merchants can import a lot of gold from Aomen, and the third is not familiar with the local market.

Meanwhile.

The reason why the Hang Seng Silver dared to sell a large amount of gold was because the airwaves of the gold ship had been transmitted back to Hong Kong and were about to arrive at the Aumen Pier.

As long as they smuggle it into Hong Kong next Monday, they can complete the delivery of physical gold and cash it out.

Some other Cantonese gold dealers, seeing that the Yangtze River Silver Account was so violently cashed out, had already found an abnormality, and then looked at the more violent cashing out of the Hang Seng Silver Account, and instantly understood that the price of gold was about to fall, and immediately joined the ranks of selling.

At this time, the general trend outside is no longer important, what matters is who can control the market.

Of course, there are very few people who dare to 'sell short orders', and everyone has gold or documents in their hands.

In the Hang Seng Silver office.

He Shanheng said with a smile: "The more wealthy these Shanghainese gold merchants are, the happier I am, this time we have to cash out 20,000 taels of gold." As long as they eat it, it will rise to 700 Hong Kong dollars a tael, which is also their ability, and I am too late to be happy. ”

They were selling physical gold, so they were glad that the Shanghai gold dealers had won, and of course there were some Cantonese gold dealers who were caught in the middle.

He Tian said with satisfaction: "Even the 25,000 taels in front of me were sold early, Lin Zhichao will still seize the opportunity!" ”

He Shanheng nodded, and was not jealous of Lin Zhichao's skills, but said: "Perhaps, his goal was very clear at the beginning, that is, he would shoot more than 600 taels." I just don't know, will he still speculate in gold? ”

After thinking about it, He Tian said, "It should be!" If he goes to Omen to import gold, my brother will not refuse to give it, listen to his tone, and intend to make this friend. ”

He Shanheng nodded, although He'an Gold Company took care of the Hang Seng Silver, it could not just supply gold to them exclusively.

After all, in this way, everyone (Cantonese gold merchants) is not happy to speculate on high prices.

Yangtze River Silver.

Lin Zhichao is calculating the income brought to him by speculating in gold:

15,160 taels of gold, with an estimated return of 9.16 million Hong Kong dollars;

Coupled with the ultra-short-term funds, it has risen to 350,000 Hong Kong dollars;

You have to add the assets of the store, gold and foreign currencies add up to 220,000 Hong Kong dollars.

The assets of the entire Yangtze River Silver are 9.73 million Hong Kong dollars.

He needs to pay HK$30,000 in dividends to the Lee brothers, and he also needs to repay the Bank of East Asia's loan plus interest of HK$2.8 million (principal amount of HK$2.5 million).

In other words, the net assets of Changjiang Silver are 6.9 million Hong Kong dollars.

Among them, 3 million Hong Kong dollars is the capital (principal) of Changjiang Real Estate, which is equivalent to 3.9 million Hong Kong dollars from gold speculation.

Shanghai gold merchants and financiers have taken over and undertaken a large number of sell orders.

They soon found that their trading partners chose physical gold delivery, so they could only buy it at a high price with cash, or sell the gold documents in their hands at a loss in advance.

Although the price of gold has only fallen to 585 Hong Kong dollars per tael, the Cantonese gold dealers have already laughed, and they have cashed out a large amount of gold at a high price, which they bought cheaply.

In fact, many Shanghainese gold speculators have leveraged gold speculation, and now whether the price of gold continues to rise or fall, they are all losers.

Because the main means of profit for Cantonese gold merchants is to cash out the gold imported from Omen. The higher the price, the less Cantonese gold dealers will choose to buy gold from the market, and they will find ways to import more physical gold from overseas, because African gold is much cheaper.

Once gold collapses that day, their net worth will be at least halved, and those who borrow money or leverage will go bankrupt.

Lin Zhichao closed the account book and said to Li Shauji: "The Yangtze River Silver is expected to close at the end of August, and in the remaining three months, in addition to the accident in the store, I will leave you another 700,000 Hong Kong dollars as gold speculation funds." You will also fry gold anyway, so you will do it for me for another three months, and it is convenient to fry together. ”

After paying off the debt, another 6 million funds were withdrawn, and only 900,000 funds (including store assets) were left in the Yangtze River Silver Account.

As for why it was done at the end of August?

This is because Lin Zhichao gradually converted all his funds into US dollars to achieve the effect of value preservation.

Lee Shau Kee said seriously: "Okay, I don't want to leave this year. By the way, the Yangtze River Silver can actually import gold from Aomen, so that it can make more money. After all, Mr. He Xian seems to be interested in befriending you, the boss, and will supply some gold more or less. ”

He'an Gold will indeed provide gold to the Yangtze River Silver, although it is not much, it is estimated that there will be a quota of two or three thousand taels a month. The gold itself is nearly 10% cheaper than the market, so it will almost make a profit.

Of course, if gold suddenly plummets, it will also lose money. But it is clear that before Guangdong Province solves F, gold can still be stabilized.

Lin Zhichao shook his head and said: "Now that the sea is risky, who knows if the rout of the G Army has joined the pirates." Therefore, it is enough to buy and sell at the gold and silver exchange as normal. ”

Lee Shau Kee's heart suddenly tightened, and he felt that there was some truth, and he should not take risks in the future. He is also worth a lot of money now, and his assets are close to 200,000 Hong Kong dollars, so why take the risk of smuggling again.

"Okay, I see!"

Under some arrangement, the Yangtze River Silver continued to operate, but the total capital became about 900,000 Hong Kong dollars. Of course, the funds of the Yangtze River Silver in the gold and silver trading field will not be returned all at once.

Suppose that when the delivery period is approaching, the buyer will transfer the contract in his hand at a loss; Then, a new contract had to be made.

Of course, in this process, Changjiang Silver will receive income such as price difference and interest.

At the same time, not all of them will be transferred out, and there are many people who do not transfer out in time or want to transfer out when the settlement period comes, so they must pay cash to reach this contract.

In any case, the Yangtze River Silver began to have more cash flow on its account.

Lin Zhichao has already begun preparations to enter the next business - shipping.

At present, he has entered a total of three careers - manufacturing, real estate, and gold speculation, among which real estate is waiting for an opportunity, and gold speculation is nearing the end; Therefore, whether it is energy or capital, he already has the ability to enter the shipping industry.

The important thing is that Lin Zhichao has already controlled the timing and made a careful plan.

Following.

The Hang Seng Silver Horn sold for more than 10,000 taels again, and with the sale of other Teochew gold dealers, the price of gold fell again for a while, and when the market closed in the afternoon, it was already about 565 Hong Kong dollars per tael.

It can be said that this week, the Yangtze River Silver and the Hang Seng Silver dominated the Hong Kong Gold and Silver Exchange, and the settlement amount of the two reached more than 20 million Hong Kong dollars.

Some of the Shanghai market speculators gathered at a high-end restaurant in the evening of the same day.

Huang Caifu, who speculated on gold with more than 2 times leverage, was a little angry, and he was in a state of anxiety all day today, because now he is losing 35 Hong Kong dollars, which is a loss of 80 Hong Kong dollars. So, he drank sullen wine and didn't say a word.

At this time, Xu Shijie, another gold merchant, said: "Recently, they have all been evil, and many silver gold dealers have used physical gold for delivery. I originally thought that they were going to transfer the order, but I didn't expect that as soon as the three days came, they would deliver the gold. ”

Huang Caifu was taken aback and said, "Really? ”

The others nodded, and someone said, "Surely some of them smuggled gold from Omen and shipped it to Hong Kong to cash out." So, Brother Huang, you have to prepare the funds for delivery next Monday. ”

These people are not familiar with the local market and do not know how large the amount of gold smuggled by Omen is, which is a serious information jam.

Huang Caifu was dumbfounded, and he also counted on Monday, because there was no physical gold, those sell orders could only buy 'gold' from the market to form a new contract.

As a result, there will be a large number of buy orders, and gold will naturally rise back.

Now, it's a good drink!

However, he quickly cheered up again and said: "It's okay, buy gold, buy gold, gold will rise, I am firmly optimistic that it can reach 800 Hong Kong dollars per tael." ”

In fact, the heart is empty!

But his words immediately won everyone's support.

Someone said, "That's for sure! Now everyone is frightened, we people in Jiangsu, Zhejiang and Shanghai buy gold, and their locals in Guangdong Province and Hong Kong are also buying gold, and the war can't stop for a while, so gold must rise sharply. ”

This statement was echoed by everyone.

In fact, there is a key problem that these people do not think of, that is, the Cantonese gold dealers use a large number of Omen smuggled gold to cash out, rather than buying gold from the market.

This has resulted in more and more gold in the market, which has accumulated in the hands of gold merchants in Shanghai, and once the war subsides and the supply of gold exceeds demand, then their wealth will shrink; Once the gold is purchased with leverage or borrowing, then bankruptcy is not a problem.

(End of chapter)