Reborn in Hong Kong as a Tycoon

Chapter 294 The Great Harvest
During the period when Lin Baicheng and the others came to New York by plane.

The long-short game of gold prices was temporarily won by the bulls. The price of gold broke through the price of 230 US dollars per ounce and rose to around 233 US dollars per ounce.

After [-] o'clock in the evening New York time, although the international gold price is traded throughout the day, the trading market is dominated by London and New York time, and these two places trade most frequently during the daytime.

London time is about 5 hours ahead of New York time, so New York time is past eleven o'clock in the evening, and London's side is past four o'clock in the morning.These two times, one is when people are going to sleep, and the other is when people are sleeping soundly, so almost no one will trade at this time.

Therefore, Lin Baicheng just arranged for employees to take turns to pay attention to the changes in the gold price, while he himself went to sleep in the hotel he reserved.

Waking up at around [-]:[-] the next morning, Lin Baicheng learned from Isabella and Bill Hawes, who had already woken up first, that the gold trading volume in the morning was not large, and the price did not change much.

After breakfast, Lin Baicheng took his bodyguards and team to Goldman Sachs on Wall Street.

Afterwards, Lin Baicheng stayed in the VIP room with his team and traders, waiting for changes in the gold price.

Since yesterday was strong in many ways and the price of gold broke through the price of 230 US dollars per ounce, the possibility of the price of gold continuing to rise is even higher. Lin Baicheng has decided to start selling at the price of 235 US dollars per ounce.In the UK and Japan, Lin Baicheng has already notified by phone, and they all started to sell slowly at the price of 235 US dollars per ounce.

At 20 o'clock in the morning, the trading volume of the international gold trading market began to increase sharply. The bulls continued yesterday's strength, and the price of gold continued to rise, reaching a price of 235 US dollars per ounce in less than [-] minutes.

At this time, Lin Baicheng's long gold futures began to sell slowly in small batches.

Lin Baicheng's futures orders were only sold slowly in small batches, so it did not affect the continued rise of gold prices, which is why Lin Baicheng sold slowly.

Of course, Lin Baicheng can sell a large amount quickly, but doing so is equivalent to strengthening the power of the short side in a disguised form. If the power of the long side is not strong enough, it is easy to be regarded as the short side fighting back, causing more short sides to follow up, and then Suppress the price of gold.But the price of gold was suppressed, and Lin Baicheng's futures list was not sold out, which did him no good at all.

Therefore, Lin Baicheng will definitely not do such a stupid thing, and it is in his interest to sell slowly.

Throughout the day, although the shipments were slow, the international gold futures market had a very large trading volume, so at around [-]:[-] p.m., all of Lin Baicheng's long gold futures were delivered.

Goldman Sachs’ two long gold futures, after statistics, the part with a principal of 1.7 million US dollars was sold at an average price of 237.4 US dollars per ounce, and the part with a principal of 2 million US dollars was sold at an average price of 237.34 US dollars per ounce. Sell ​​at the average price, the difference between the two is not much.

After calculation, the principal of 1.7 million US dollars, leverage financing of 10 billion US dollars to do long, the cost price is 167.7 US dollars / ounce, the average selling price is 237.4 US dollars / ounce, an increase of a little more than 41.56%, after deducting the handling fee, the profit $4.155 million.

Of the US$1.7 million principal, US$1 million was loaned by Lin Baicheng from Goldman Sachs last year, and US$7000 million was the last profit. The total profit added up is actually US$4.855 million.However, the leveraged financing of US$10 billion was in mid-April, and interest has just been paid for six months, which is 4% interest on US$6 billion, or US$10 million.

Therefore, after deducting all handling fees and financing interest, Lin Baicheng's total profit is actually 4.395 million US dollars.

As for the principal of 2 million U.S. dollars, the leveraged financing is 20 billion U.S. dollars long, the cost price is 163.3 U.S. dollars per ounce, and the average selling price is 237.34 U.S. dollars per ounce, an increase of 45.34%. The profit after deducting the handling fee is exactly 9 million Dollar.

Because it is leveraged financing that can be terminated at any time, the annual interest rate is not only 9.2%, but as much as 12%, and the interest is calculated on a daily basis.A total of 140 days, less than 5 months, but the interest to be paid is also 4.6%, which is 9200 million US dollars, and the actual total profit is 8.08 million US dollars.

The profits on both sides add up to $12.475 billion.

Lin Baicheng decided to give 750 million U.S. dollars to all members of the team as a reward. The trader, accountant, lawyer, Isabella and Bill Hawes, two assistants, all have a share, and the bonus that Isabella can get Of course it is the most.

As a result, Lin Baicheng's remaining profit was US$12.4 billion. Lin Baicheng decided to settle all of them, and Isabella and Bill Hawes led the team to negotiate and calculate with Goldman Sachs.

Because it was only interest settlement, it was not too complicated. Before leaving get off work that day, Lin Baicheng's total of 14.4 billion US dollars was transferred to his account with Goldman Sachs.At this time, these funds belonged to Lin Baicheng, and had nothing to do with Goldman Sachs. They were just placed in Goldman Sachs' account.

Lin Baicheng actually had a principal of US$3 million, but he only took away the principal of US$2 million. The principal of US$10 million loaned from Goldman Sachs was not taken away, but was temporarily placed in a financing account of US$[-] billion. , but it has not been operated for the time being.

A total of 14.4 billion U.S. dollars, not all of this fund belongs to Lin Baicheng, of which 2 million U.S. dollars in principal is definitely not subject to tax, but the profit of 12.4 billion U.S. dollars still needs to be taxed.With such a large amount of profit, the IRS will definitely keep an eye on it. There is no possibility of tax evasion at all, and only legal tax avoidance can be done.

As for how much tax can be legally avoided and how much tax actually needs to be paid, it will be handled by the professional team under him.

"Alan, I won't send you off anymore, remember to contact me when the celebration party is held."

When Lin Baicheng and his party left from Goldman Sachs, Wade Thomas sent Lin Baicheng to the door.When Lin Baicheng's team and Goldman Sachs were calculating, it was Wade Thomas who entertained Lin Baicheng.

This time, Lin Baicheng made a profit of US$12 billion, which Goldman Sachs envied, and Wade Thomas himself was even more envious, but Goldman Sachs did not mess with it, because Goldman Sachs made a profit of nearly US$1.4 million from Lin Baicheng, which was 10% of Lin Baicheng's profit. many.

Although only a tenth of Lin Baicheng's profit was made, Goldman Sachs earns interest without any risk, while Lin Baicheng's long futures is risky, and the two are not the same concept.

Lin Baicheng nodded with a smile: "Of course, Thomas, don't worry, I will definitely invite you then, but don't forget the acquisition I entrusted to you."

Wade Thomas said solemnly: "Don't worry about that, completing client commissions has always been our top priority." There is a commission for completing commissions. How could Goldman Sachs forget about making money.

Lin Baicheng stopped chatting with Wade Thomas, said goodbye, got in the car and left.

(End of this chapter)