In the past few days, Fu Rongjin invested all the funds on hand in the foreign exchange futures market, which amounted to more than 400 million Hong Kong dollars. This was all his liquidity, and the delivery date was two months later.
He dreams that the money will double several times in two months and become billions of Hong Kong dollars. Although Fu Guangzheng advised him not to invest so much in foreign exchange futures, it was easy to lose all his money, so he should at least consult a more experienced uncle.
But Fu Rongjin just didn't want Fu Rongqi to know. He wanted to make a big splash and see Fu Rongqi's jaw drop! As for reports from people below, Feng Yu often goes to banks, law firms and other places these days, and he doesn't care at all.
Does Feng Yu still dare to hire a barrister to file a lawsuit with him? This is Xiangjiang, his surname is Fu! Litigation is also a game for the rich, and poor people cannot afford to litigate. Although Feng Yu's net worth is good, compared with him, Fu Rongjin, it's still far behind!
The arrogant Fu Rongjin underestimated Feng Yu. He had been blinded by the big pie drawn by Feng Yu. If it were Fu Rongqi, Feng Yu's little trick would have been seen through long ago.
At this time, Feng Yu went to the London gold market in Xiangjiang. He was planning to place a London gold futures order. This was also the financial product he had done the most in his previous life.
London gold, broadly speaking, is the 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% pure 400-ounce gold brick (about 12.5 kilograms) stored in the London underground vault.
London gold trading does not require the extraction of physical gold, and there are no steps such as freight, inspection, storage, identification, etc. The investment cost is less than that of physical trading, and the leverage is very large, up to 100 times the leverage, in the black market There are even 500 times leverage on the Internet, which also allows investors to use funds rationally and use small to make big gains.
Another advantage is that London gold trades 24 hours a day, there is no market suspension, and you can even trade 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-making tool" among investors in the gold trading market.
Feng Yu borrowed the money from the Soviet Union. All has been converted into U.S. dollars. After deducting handling fees and exchange rate differences, Feng Yu now has about 490 million U.S. dollars in hand, and he is ready to invest all in London gold.
As soon as Feng Yu entered the London gold market in Xiangjiang, a group of financial brokers approached Feng Yu. Hand over their business cards, hoping to manage Feng Yu's account on their behalf and earn commissions.
Of course Feng Yu refused them all. Just kidding, I am also a professional. I need your representation? Besides, even if I am looking for an agent, I already have a target candidate, who will be the future flagship figure in the Hong Kong gold futures market. It seems that that person is the one who has been speculating on gold in London in the past two years.
Feng Yu took a look and found that the current price of gold was US$370 per ounce. It has fallen a lot from the high of $412/ounce at the beginning of the year. The Soviet Union was vigorously boosting the price of gold at this time, because the Soviet Union was one of the major exporters of gold in the world, and they made money by selling gold.
Ten years ago, the Soviet Union still relied on industry to make money. However, in the past decade or so, industry has declined sharply, and it has begun to continuously sell gold, oil and other minerals as the country's main income. It can be seen what the Soviet Union has become in these ten years. No big country is. It survives by selling mineral resources. From this point of view, the disintegration of the Soviet Union was unstoppable.
Feng Yu remembered that the price of gold had been falling continuously in the past two years under the heavy pressure of the American consortium headed by Vantaa. It seems that the time started in October this year. Feng Yu can't remember the specific time.
But at least by the end of September, the price of gold will continue to rise, and it should rise to more than $390 per ounce.
A difference of twenty dollars, a margin of nearly five hundred million dollars. Using low leverage to invest heavily was enough for Feng Yu to make a fortune.
Feng Yu quickly opened an account and began to place orders, buying at the current price and selling at the limit price. The selling price ranged from US$380 to US$390. When this price was reached, the sale was automatically made, and the funds After deducting the handling fee, it will be credited to Feng Yu’s account.
Such multiple transactions can reduce risks. The price of gold fluctuates every day, and the daily price fluctuation can even exceed ten dollars. If it is highly leveraged, if you are not careful, you will lose money. Feng Yu does not have time to keep an eye on it, so it is safest to spread it into multiple orders.
Feng Yu bought each order at different windows at different amounts, with the smallest amount being US$1 million and the largest amount being US$10 million.
For several days in a row, Feng Yu kept placing orders, but it seemed that he never delivered. Feng Yu's crazy buying attracted the attention of many people.
Who is this young man? He has been coming here every day for the past few days. It seems that he can also be seen at night and places a lot of orders. Even if each order is just the lowest hand, it is still a lot.
But it seems to be a retail investor, and some retail investors also came over, wanting to chat with Feng Yu, analyze each other, and see what the other party thought, whether London gold would continue to fall or rise again.
Unfortunately, when he spoke, Feng Yu spoke in English, and he didn't seem to understand their Cantonese. Could it be that he was from Scotland? But his accent doesn't sound British. Although Feng Yu speaks English, he doesn't have a Cockney accent. Feng Yu studies American English, and his pronunciation is slightly different.
Feng Yu kept chatting with them to see if there were any other talents besides the outstanding person in his previous life. Xiangjiang can be regarded as the financial center city in Asia. Naturally, there are many people working in finance. The more people working in finance, the greater the possibility of talents emerging among them.
After chatting for a while, Feng Yu was a little disappointed. He should be the person he really saw. He didn't want to communicate with other people and wanted to make a fortune in silence. Those who came to chat with Feng Yu either did not make the point or analyzed that gold would plummet wildly in the short term. Feng Yu did not see anyone worthy of his recruitment.
After investing all the US dollars in London gold futures, Feng Yu called Fu Guangzheng to say goodbye and planned to return to Bingcheng.
Knowing that Feng Yu had boarded the plane, Fu Rongjin asked the subordinate who had been staring at Feng Yu: "What has this kid been doing these days?"
"He went to the London Gold Exchange."
"What? London gold trading market? Huh, he can really visit the futures exchange and the United Exchange. Is he going to inspect our financial market in Hong Kong? Huh, that's interesting."
Fu Rongjin was a little disapproving. He heard Fu Guangzheng say that Feng Yu liked investing 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 already made some. What's the matter? I feel that mainland stocks make less money. I want to see the stock market in Hong Kong
Although the current stock market in Xiangjiang cannot be said to be too bad, it is not good either. If you enter without experience, you will lose money to death.
Fu Rongjin sipped the champagne happily. Feng Yu's news was really accurate. In just a few days, the ruble's exchange rate had risen slightly. He had set a delivery date of two months. After two months, maybe it would be possible. If it rises to 0.5:1, with my high leverage, I can make at least ten times the profit, and 400 million Hong Kong dollars can become 4 billion!
Four billion in cash, Fu Rongqi didn't have that much. From now on, I, Fu Rongjin, will be the leader of the Fu family! (To be continued.)
PS: There will be another update in the evening, around ten o'clock. Thanks to Five Elements Quetu for the tip.