After Li Fuhua reported the relevant situation, Chen Lidong continued to give everyone "counseling" to settle the accounts: "Actually, we make a small profit from recycling these electronic waste products.

Scrap steel, scrap plastic, cables, copper wires and even scrap glass from the dismantling of used household appliances and electronic products can be sold for money.

The purchase price of each ton of electronic waste is 1,000 yuan, and the dismantled items can be sold for almost 1,000 yuan.

So, where is the profit point?

Just those electronic components, such as chips removed from computers, memory sticks, and even hard drives, etc. can be sold for money. Even the transistors on the circuit board can be returned to the manufacturing field after being tested.

Therefore, we at Donghua did not take advantage of us. We only raised 1.5 billion from everyone in order to help the local government solve the pollution problem.

Donghua's current stall is too big and it really lacks financial resources.

In short, the funds you have supported us in Donghua have also been used in key places. Only with your support can we have the confidence to solve the pollution problem there.

You are all heroes behind the scenes. We will report the relevant situation and ask the relevant departments to praise everyone for your contribution.

In short, we at Donghua did not play around with the money you lent us, and what Mr. Li said yesterday was an injustice to us."

After such a communication, all the creditors have nothing to say and nothing to do.

It seems that the money has really been spent, otherwise it will not be returned.

Donghua is really generous, he dared to make the "King of Rags" to this extent.

The misunderstanding was cleared up, and there was a drink and chat at noon. After the guests left, they took back the newly produced Koshihikari rice and other specialties.

As for how to explain it to their respective leaders, Chen Lidong didn't care.

After all the guests left, Chen Jianing came over and said: "Jiajia has raised 50 million U.S. dollars, which will be in place within a week. You can arrange for someone to go through the loan procedures.

The interest will be waived. It is best to transfer the funds back before the Spring Festival. I have to make an explanation with my partner."

Chen Lidong said quickly: "Thank you very much, I promise to repay the loan before the Spring Festival, and the interest will still be paid.

Well... let's do it this way. Anyway, you know that I am going to use this money to speculate in gold futures, and I will give you the eggs it lays. I can't guarantee how much I can make.

I don’t know if you have an offshore account. How about I use it first?

Your funds and the funds I will subsequently raise will be placed in this account and used for gold futures trading."

Chen Jianing suddenly realized: "Oh... you want to do hedging operations, right? That's good, this way the risk will be reduced, I will arrange it right away."

Hedging is a financial term that refers to an investment that is designed to reduce the risk of another investment.

It is a method that can reduce business risks while still making profits in investment. Generally, hedging is to conduct two transactions at the same time that are related to the market, in opposite directions, of equal quantity, and with profits and losses offsetting.

Hedging transactions generally occur in the foreign exchange market.

If you are bullish on a currency, but want to reduce risk, you need to sell a bearish currency at the same time.

In futures trading, it is not common to go short and long at the same time. Those who do this often have spot goods in hand and can deliver.

Chen Jianing went to implement the offshore account matter, while Chen Lidong continued to learn from Li Fuhua about the dismantling and recycling of electronic waste in Guiyu Town.

After being exposed by NHK, the production in Guiyu Town came to a standstill. It is not ruled out that some people are doing it secretly, but the output is not large.

Production and operations resumed only after Donghua's plan came out.

In the past few months, nearly half of the outside residents have left the town, and there is no longer any fire or smoke.

At the meeting in the morning, Li Fuhua said that he used 1.2 billion to purchase electronic waste, but he actually lied.

The e-waste purchased by Donghua is about 500,000 tons, and more than half of the e-waste is still in every household.

It’s just that local people no longer carry out highly polluting operations such as burning and alchemy with aqua regia.

The dismantled materials continued to be sent to the trading market, and the circuit boards that could not be refined were purchased by Donghua and packaged to be sent to Bear Island.

Therefore, the pollution in Guiyu Town has now been brought under control, and production is being restored as soon as possible. Only after the dismantling center is built, the various family workshops will be banned.

Now, Chen Lidong urgently needs to increase the amount of dismantling, and even asked Li Fuhua to hand over the electronic waste purchased by Donghua to local people for dismantling to speed up the recycling of materials.

Why are you in such a hurry?

Because Chen Lidong wants to get more circuit boards.

According to feedback from Xiongdao, on average, each ton of circuit boards can disassemble: 0.45 kilograms of gold; 129.7 kilograms of copper; 20 kilograms of tin, as well as a small amount of platinum, palladium, silver and other precious metals.

This is a really big mine.

Today's international gold price is 339 dollars per ounce, and 0.45 kilograms of gold is worth 4,905 dollars; the price of copper is 2,402 dollars per ton, and 129.7 kilograms is worth 311.54 dollars; the price of tin is 6,350 dollars per ton, and 20 kilograms is worth 127 dollars.

Calculated this way, 1 ton of valuable metal recycled from circuit boards is worth at least 5,400 knives, which is more than 48,000 yuan when converted into RMB.

The key is not here, but the gold inside.

1 ton of circuit boards can recover 0.45 kilograms of gold.

According to calculations by people in Guiyu Town, the town recycles 1.5 million tons of e-waste every year and produces no less than 15 tons of gold. On average, 100,000 tons of e-waste can recover 1 ton of gold. This is a workshop-style alchemy method. It was cited by Chen Lidong

If the system furnace is used for recycling, this amount will definitely be exceeded.

Now Donghua Recycling is working hard at various outlets across the country to speed up the recycling of waste electrical appliances, old computers, old mobile phones, old VCDs and other products.

In some places, the circuit boards are disassembled and shipped to Bear Island, while in some places they are directly packed into containers without disassembly.

The gold in electronic waste mainly comes from circuit boards, so in order to save the production capacity of the system furnace, it is better to disassemble and recycle those waste electrical appliances and electronic products, which can also produce greater benefits.

What to do with the recovered gold?

Of course, take it to the gold exchange!

...

That afternoon, Nick, Kipling, and Virgil came together to report on gold futures trading.

Kipling said: "The international gold price is still on the rise. A few days ago, 15 European central banks signed an agreement and just issued a joint statement. The statement is very detrimental to our short gold. This situation can be said to be unprecedented."

Chen Lidong took a piece of "Fog City Daily" handed over by Jiplinger. The content of the statement was very short, but it was placed as the headline on the front page.

The content of the statement is: "Our parties to the agreement promise that gold will still be an important part of the global currency reserve; except for Britain and Snow Country, the signatories of the agreement will successively sell the gold that has been decided to sell, and other signatories will not enter the market to sell; have decided to sell.

of gold, the plan will be carried out through a mutually agreed and coordinated plan in the next 5 years, and the annual gold sales will not exceed 400 tons; the signatories of this agreement have decided that during this period they will no longer expand gold leasing and use gold futures and gold options;

This agreement will be revised after 5 years."

What does this passage mean? It means that the original plan to replace gold with U.S. knives and Eurolangs as foreign exchange reserves has been withdrawn. Britain and Snow Country's plan to sell 400 tons of gold in a concentrated manner has been cancelled. This batch of gold will be sold in the future.

, but that will only be decided within 5 years after 15 companies have discussed it.

What is this called? Change your tune! The ugly part is that you can even pull your daddy back when you pull it.

In fact, this is a trick often played by developed countries, and it is only the developing leeks that are fooled.

Some people in those countries had known the inside story for a long time and started going long early. Lainer had no information and failed to stop losses in time, so he caught up with this wave.

This news and the actual situation have also shown that Lennar's move of shorting gold is wrong, which is called investment failure.

But Chen Lidong breathed a long sigh of relief, secretly feeling very happy.

Now, the situation of long short squeeze can be ruled out, and Lennar's 20 tons of gold will not suffer such treatment.

This situation can only be described as a "natural disaster", a political incident, and a dimensionality reduction attack.

And this news is actually great news.

Why? Because I have gold in my hand!

I was originally afraid that it would fall, so I bought futures. Now it has risen. For those who hold more gold, isn't this good news?

But what Nick and Kipling didn't know was that the news they received was that the polar mining industry could produce up to 20 tons of gold by the end of the year.

These 20 tons of gold can be sold for $218 million at the current price of $339 per ounce.

Lennar began to build short positions at the end of June when the gold price was 292 dollars per ounce. In July, it began to increase positions when the Bank of England sold off. It continued to add margins from October and transferred the agreement to December. Therefore, the gold price of these warehouse receipts is

The constant fluctuations did not lead to a loss of 45 million U.S. dollars as Li Liqun said.

Calculating the short orders held by Lennar, the average price is 285 dollars per ounce, and 20 tons of gold can be sold for 183 million dollars.

Based on this calculation, the loss exceeded 35 million knives.

There is another way to stop the loss, which is to choose to liquidate the position. Anyway, you will lose the deposit and the loss will be slightly smaller.

Lennar is short gold, and the margin is 15%. In other words, if you choose to liquidate your position, you will only lose 15% of the $218 million, which is $32.7 million, which seems to be a loss of $2.3 million less than the delivery.

However, Chen Lidong still chose to deliver gold.

Again, gold is not Mani after all, it must be exchanged for hard currency such as U.S. knives or Orangs.

This wave of operations can only be regarded as selling gold too early and selling it cheaply.

But since everyone thinks that Chen Lidong has lost money, they will try to make money back.

How to make money back? Of course in the futures market.

Get up wherever you fall, that's a real man.

So Chen Lidong sighed again and said: "Get ready for delivery. How are our market maker qualifications at Wudu Gold Exchange?"

Kipling said: "We have some clues. This time we can submit the gold to the LBMA's vault as scheduled and continue to carry out gold business. After reaching a certain amount, we will soon be able to resume our market maker qualifications. In the future, we may

You can now act as an agent for futures trading.”
To be continued...