What are you betting on
Of course it’s futures trading!
We know that the price of gold will plummet after reaching 480 RMB per gram.
Of course Lin Xuan would not miss this once-in-a-lifetime opportunity.
Therefore, he planned to use the 20 million he had on hand to speculate in gold futures.
The current price of gold has reached 460 RMB per gram.
There are only 20 RMB left from the peak of 480 RMB per gram.
Lin Xuan decided to keep an eye on the price of gold in the next few days.
When it reaches its peak at 480 RMB per gram, go short on gold.
Yes short!
If you want to short gold, you need a futures account.
Fortunately, Lin Xuan worked in the financial industry for ten years in his previous life!
It is very clear how to open a futures account.
If you use 20 million yuan of funds to play futures in China, you can get at least 10 times leverage.
Once Lin Xuan activates 10x leverage.
I started shorting gold when it reached its peak at 480 RMB per gram.
Half a month later, the price of gold fell to 320 RMB per gram.
He can earn at least 50 million!
Earn 50 million in half a month!
This is definitely a crazy number.
Lin Xuan's family had their house demolished, but they only received a mere 45 million in compensation.
Now what
Lin Xuan just needs to seize the time to trade gold futures.
In just half a month, you can earn more than 50 million with 20 million.
Is there anything that can make money faster than this
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Chapter 76 The bigger the waves, the more expensive the fish!
In the blink of an eye, two or three days passed.
In the past two days, Lin Xuan has been keeping an eye on domestic gold futures.
From 460 RMB per gram, it increases a little bit every day!
Until today, the price of gold has finally risen to 480 RMB per gram.
Compare it with the memories of my previous life.
Lin Xuan found that there was nothing wrong.
This way, he can rest assured.
At that moment, Lin Xuan chose to short sell without saying anything.
These days, Lin Xuan has finished all the things he needed to do.
The futures account has been opened.
There are also leverage multiples.
After bargaining with the futures company for a while.
Lin Xuan finally got a leverage ratio of 15 times.
Unfortunately, it is not overseas.
Otherwise, Lin Xuan would dare to create a 100-fold leverage in a minute.
After all, when it comes to the futures market, it is much crazier abroad than at home.
However, Lin Xuan doesn’t know much about foreign futures companies.
So, I dare not invest too much.
What if someone hacks you
By then, he will have no place to cry.
Domestic companies are safer.
The 15-fold leverage is 5 times more than the previously estimated 10 times.
This also means that Lin Xuan can earn more money.
Lin Xuan is already very content with this.
Lin Xuan has already deposited 20 million yuan into his futures account.
This 20 million is a deposit!
After opening fifteen times leverage.
These 20 million can be used as 300 million.
One hand of gold is 1000 grams!
According to the current price of 480 grams of RMB.
The price of one lot of gold is 480,000.
Because Lin Xuan chose to short sell.
Therefore, he needs to borrow gold from the futures company first.
One lot of gold costs 480,000.
With Lin Xuan's margin, he can borrow 625 lots from the futures company.
625 lots of gold equals 625 kilograms of gold.
After selling these borrowed gold bonds.
Lin Xuan has obtained the equivalent of 300 million yuan in funds.
These 300 million yuan of funds need to be temporarily kept in the futures account.
Can't withdraw cash yet.
Only she paid back the 625 lots of gold she borrowed.
Then he can withdraw the remaining money.
If my memory of my previous life is correct.
In half a month, the price of gold will drop to 320 per gram!
At that time, Lin Xuan would only need to spend 200 million to buy back 625 lots at the price of 320 per gram!
In this way, the remaining 100 million is the profit he made from shorting the golden lock this time.
Of course, some handling fees will also be deducted.
However, the handling fees can be ignored.
It’s just tens of thousands of dollars.
Compared to one hundred million, it's just a drop in the bucket.
"Very good."
"With this 100 million yuan in funding."
“Then even for the second round of financing, I won’t need to ask anyone else for help.”
"And this 100 million is enough for me to complete the layout of this Magic City."
Lin Xuan was secretly surprised.
I really feel sleepy and there is a pillow!
At the beginning, Lin Xuan was still thinking, half a month later, after the shared bicycles were launched in the three districts of Shanghai, where to find investors to discuss the B round of financing.
Unexpectedly, he solved the funding for the B round of financing by himself.