Chapter 249 London Gold
In the past few days, Fu Rongjin has invested all the funds in his hand into the foreign exchange futures market, with a total of more than 400 million Hong Kong dollars. This is all his working capital, and the delivery date is two months later.┠.(〔.c=o{m
He dreamed that the money would double in two months and turn into billions of Hong Kong dollars. Although Fu Guangzheng advised him not to invest so much, foreign exchange futures would easily lose all his money, and at least he should consult his more experienced uncle.
But Fu Rongjin just didn't want Fu Rongqi to know that he wanted to make a big splash, it depends on how Fu Rongqi's chin was shocked! As for the report below, Feng Yu often went to banks, law firms and other places these days, he didn't care at all.
Does Feng Yu dare to hire a lawyer to sue him? This is Xiangjiang, his surname is Fu! Taking a lawsuit is also a game for rich people, and poor people cannot afford to sue. Although Feng Yu's wealth is good, it is far from that of him, Fu Rongjin!
The proud Fu Rongjin underestimated Feng Yu. He had been blinded by the big cake drawn by Feng Yu. If it were Fu Rongqi, Feng Yu would have seen through this little trick.
At this time, Feng Yu went to the London Gold Market in Xiangjiang. He was preparing to make a London Gold Futures order, which was also the most financial product he had done in his previous life.
London gold, in a broad sense, is spot trading gold stored in London. It is also a trading product provided by the London International Financial Futures Exchange. It is a 99.5% purity 4oo ounce gold bricks (about 12.5 kg) in the underground vault of London. (.
In London gold transactions, there is no need to withdraw physical gold, so there is no freight, inspection, storage, appraisal and other steps. The investment cost is less than that of physical goods transactions, and the leverage is very large, which can be as high as one hundred times the leverage, and there is even five hundred times the leverage on the black market. This also allows investors to use funds reasonably and make a big profit with small profits.
Another advantage is that London gold is traded for 24 hours without a market closure, and can even be traded on the same day. If you buy on the same day, you can sell on the same day. It can be said that London gold is the most active and most popular "money tool" in the gold trading market.
Feng Yu's loan from the Soviet Union has been completely exchanged into US dollars. After deducting the handling fee and the exchange rate difference, Feng Yu now has about US$490 million, and he is planning to invest in all of the London gold.
As soon as Feng Yu entered the London gold market in Xiangjiang, a group of financial brokers came to Feng Yu and handed out their business cards, hoping to manage Feng Yu's account on his behalf and earn commissions.
Of course, Feng Yu refused all of them. Just kidding, I am also a professional and I need you agents? Besides, even if I find an agent, I already have a target candidate. He is the future flagship figure of the Xiangjiang gold futures market. It seems that that person was the London Golden Family in the past two years.
Feng Yu looked at it and found that the current price of gold is 370 US dollars per ounce. It has fallen a lot from the high of 412 US dollars per ounce at the beginning of the year. The Soviet Union was vigorously driving the price of gold at this time because the Soviet Union was one of the major exporters of gold in the world at this time, and they made money by selling gold.
Ten years ago, the Soviet Union still made money by industry. In the past ten years, the industry has dropped sharply and began to sell gold, oil and other minerals as the main income of the country. It can be seen how the Soviet Union has become in the past ten years. No major power stands firm by selling mineral resources. From this point of view, the collapse of the Soviet Union has become unstoppable.
Feng Yu remembers that the price of gold has been falling in the past two years under the strong suppression of the US consortium with Wanta. It seems that the time started in October this year, and Feng Yu can't remember the specific time.
But at least the end of September, gold prices will rise, and should be able to rise above 390 US dollars per ounce.
The difference of 20 US dollars is nearly 500 million US dollars in margin. It is enough for Feng Yu to make a lot of money by using low-plus leverage.
Feng Yuxun opens an account, then starts placing an order, buys at the current price, sells at a limited price, and sells the price ranging from 380 US dollars to 390 US dollars. That is, when this price is reached, it will be automatically sold. After deducting the handling fee, the funds will be transferred to Feng Yu's account opening account.
This way of trading in long orders can reduce risks. The gold price fluctuates every day, and even the price fluctuates every day can exceed ten US dollars. If it is high leverage, if you are not careful, you will lose money. Feng Yu has no time to keep staring at it and spread it into long orders, which is the safest.
Feng Yu bought each order at different windows, with a minimum order of one million US dollars and a maximum order of ten million US dollars.
For several consecutive days, Feng Yu kept placing orders, but it seemed that he had never delivered it once. Feng Yu bought so wildly, which attracted the attention of many people.
Who is this young man? He has come every day these days, and it seems that he can see him at night, and he has placed a lot of orders. Even if each order is only the lowest, there will be a lot of them.
However, it seems that it is a retail investor. Some retail investors have come over to talk to Feng Yu, analyze each other, and see what the other party thinks, will this London gold continue to fall, or will it rise again?
Unfortunately, when Feng Yu spoke, he spoke English and didn't seem to understand their Cantonese. Could it be that he came from Scotland? But he didn't seem to be British. Although Feng Yu spoke English, he did not speak London accent, and Feng Yu learned American English, and his pronunciation was slightly different.
Feng Yu kept chatting with them to see if there were any other talents besides the awesome person in his previous life. Xiangjiang can be regarded as the financial center city in Asia, and naturally there are many people doing finance. The more people do it, the greater the chances of talents appearing among them.
After chatting for a while, Feng Yu was a little disappointed. He should be the one who really knew it. He didn't want to communicate with others and wanted to make a fortune silently. Those who came to talk to Feng Yu either said it at the point, or analyzed that gold would fall wildly in the short term. Feng Yu didn't see who deserved his recruitment.
After investing all the US dollar in London gold futures, Feng Yu called Fu Guangzheng to say goodbye and planned to return to Ice City.
When Fu Rongjin learned that Feng Yu had already boarded the plane, he asked the subordinate who had been staring at Feng Yu: "What have this kid been doing these days?"
“He went to the London Gold Market.”
"What? London gold trading market? Hum, he can really visit the futures exchanges and the United Exchange. Is he going to inspect our financial market in Hong Kong? Hum, it's interesting."
Fu Rongjin was a little dissatisfied. He heard Fu Guangzheng say that Feng Yu likes to invest in stocks and bought a lot in the mainland. Fu Guangzheng also bought some in the mainland, and told him a few days ago that he had made some money. Why? I think the mainland stocks make less money. Want to see the stock market in Xiangjiang?
Although the stock market in Xiangjiang cannot be said to be too bad now, it is not good either. If you have no experience, just wait to lose money.
Fu Rongjin was happily tasting the champagne. The news about Feng Yu is really accurate. In just a few days, the exchange rate of the ruble has risen slightly. He set a two-month delivery. In two months, it may really rise to O.5:1. With his own high-rate leverage, he can at least have a profit of ten times, with 400 million Hong Kong dollars, which can be turned into 4 billion!
Fu Rongqi doesn’t have that much of 4 billion yuan in cash. From now on, I, Fu Rongjin, will be the leading figure of the Fu family! (To be continued.)
ps: There is another update tonight, around 10 o'clock. Thanks to the rewards for the Five Elements Lack of the Road.
Chapter completed!