Reborn in Hong Kong as a Tycoon

Chapter 300 Huge Financing
On November 11th, Lin Baicheng was in his villa in Beverly Hills.

Lin Baicheng, Isabella, Vivien Kelly and Haruko Mori gathered in the study.

Moli Haruko came to the United States on the 8th, and was sent by Lin Baicheng to register and set up an offshore company with Vivien Kelly after she came. It becomes quite secretive, and it is not so easy to find out the real owner of the offshore company.

"BOSS, the price of gold has fallen below $210/oz again this time."

Lin Baicheng knew why Isabella said this, because just a few trading days ago, the price of gold fell below 210 US dollars per ounce, and Lin Baicheng let Goldman Sachs and Mitsubishi enter the market to do long.

At that time, Vivien Kelly's opinion was that since the price of gold fell sharply from the price of 246 US dollars per ounce, it lost the previous month's increase in a week, and the power of the short side was quite strong, and 210 US dollars per ounce would definitely not be this wave The low point of the decline is not a good time to buy, you can wait.

What Lin Baicheng thinks is that since the price of gold has fallen to his psychological price, he is bullish on the price of gold in the long term and does not know how the price of gold will go in the short term. It is completely possible to buy around $210 per ounce.

If Haruko Mori hadn't come to Los Angeles at that time, and the offshore company hadn't been established yet, Lin Baicheng would have bought all the funds he was going to use to go long on gold futures.

Nevertheless, Goldman Sachs' financing of US$1 million with a principal of US$10 billion, and Mitsubishi's financing of US$1 million with a principal of US$5 million, have all completed the purchase.Among them, the average buying price of Goldman Sachs is US$211.6/oz, and the average buying price of Mitsubishi is US$211.3/oz.

Then, on the day after buying, the price of gold rose by up to four points, almost touching the price of 220 US dollars per ounce. Fortunately, the price of gold stabilized that day, and then the price of gold fluctuated around 218 US dollars per ounce.

If you look at it at this time, Lin Baicheng was right when he was long gold futures, and he made a profit of more than three points at once. Judging from the financing of 15 billion U.S. dollars, he made almost 5000 million U.S. dollars.

It is a pity that the price of gold fluctuated around US$218/oz for one day. After another day, the price of gold fell sharply and fell back to around US$210/oz. Then it fell slightly yesterday, and now it is fluctuating around the price of US$208/oz.

Calculated now, Lin Baicheng's long gold futures not only failed to make money, but also lost money. He bought high.

Originally, Lin Baicheng from Bailong Commercial Club was also planning to buy around US$210 per ounce, but when the two assistants, Sato Tsubasa and Chiba Nanako, were negotiating the financing amount and interest with Mitsubishi Bank, the price of gold soared to US$218 per ounce. Nearly ounces, the financing of US$3 million was negotiated later. Lin Baicheng thought to wait and see, and then the price of gold fluctuated for a day and then fell sharply. Fortunately, there was no purchase at that time.

"Boss, the price of gold may rebound in the short term due to the resistance of the bulls, but overall, the bears are still strong, and there is a great possibility to test the price of 200 US dollars per ounce in the future. And if this price is still unable to support it , There will be room for gold prices to fall in the future.”

Vivien Kelly said her judgment again, which was almost what she said last time, but Lin Baicheng didn't listen to her.

"Well, let's wait and see if the price of gold will continue to fall."

Lin Baicheng decided to listen to the professional judgment of Vivien Kelly this time. After all, it is better to be able to buy long gold futures at a lower cost. The lower the cost, the more you can earn.

"However, when the price of gold falls to around $200 per ounce, you don't need to watch any more. No matter how the price of gold will go in the future, you can buy long futures at this price, and buy more and more as it falls, and complete all funds. buy."

Lin Baicheng's mind is quite clear. After all, Vivien Kelly is not him, and he doesn't know how strong the gold price will be in the next year.Therefore, there is no need to hesitate when the price of gold reaches the price of 200 US dollars per ounce. If the price of gold suddenly rebounds vigorously, but his funds have not yet opened a position, it will be a big loss.

"Yes, BOSS!"

Vivien Kelly nodded when she heard the words. Lin Baicheng is the boss after all, and when the boss's attitude is firm, he must rely on the boss' will.

"The funds to be operated this time are a total of 50 billion U.S. dollars. According to what I said, we will raise funds through banks in different countries such as the United States, the United Kingdom, Japan, and Switzerland, and then go long, and hold futures orders in a concealed manner, so as not to be discovered. The funds belong to the same person."

Lin Baicheng warned aloud that this time he plans to spend 7 million U.S. dollars in principal for long gold futures, and raise 50 billion U.S. dollars through banks in various countries, which is equivalent to using a little more than 7 times the leverage.

Of the US$7 million principal, the US$5 million principal originally placed in Standard Chartered Bank, Lin Baicheng has asked Cheng Yufeng to negotiate with Standard Chartered Bank on his behalf, and Lin Baicheng will pay US$700 million for the subsequent four-month financing of US$[-] million The liquidated damages were paid for in a peaceful manner, and the financing ended, and Lin Baicheng's principal of [-] million US dollars could be transferred away at any time.

The 8 million US dollars here, plus the remaining 6 million US dollars of the 7 million US dollars that Lin Baicheng transferred to Standard Chartered and HSBC a few days ago, add up to [-] million US dollars. The money will be transferred to Swiss banks first, and then Financing through Swiss banks to banks in various countries.

As a result, only a little over $5 million is left among the funds that have profited from long gold futures not long ago.Standard Chartered has $6500 million, Mitsubishi Bank has $7360 million and Goldman Sachs has $3.92 million.

Among them, a lot of funds saved by Goldman Sachs will be used for acquisitions, and it is still unknown how much will be left by then.

Vivien Kelly replied: "Boss, don't worry, I have written all these down, and we will be careful in terms of operations."

"Very good! After the gold futures positions are completed, I will give you another 1 million US dollars. The investment direction of this 1 million US dollars is up to Vivien and you to judge for yourself. After you determine the investment direction, apply to me. Usually, I will not object , unless I am really not optimistic about your investment direction."

Lin Baicheng promised Vivien Kelly to give her and the team a sum of money to be operated by them. The fund is [-] million US dollars. He is looking forward to the future performance of Vivien Kelly and the team.

"Thank you BOSS, we will not let you down, and we will definitely bring you rich rewards."

Vivien Kelly immediately said that she valued the funds that she and the team could operate, after all, only the profits earned through these funds could demonstrate their abilities.

Take the long gold futures as an example, whether they are making money or losing money, what Vivien Kelly and the others can do is to try to make the lowest price and try to sell at a high price when selling. The overall profit or loss has nothing to do with them, because This is an investment that Lin Baicheng personally decided to make, not their judgment.

(End of this chapter)