Rebirth 1980: Marrying my sister’s best friend at the beginning

Chapter 582 is about to hit the market!

Hong Kong Island. Urban area!

The Li family gold shop suddenly announced an increase in gold supply, which made the Lin family unable to sit still.

After all, in order to cut off the Li family's gold supply, it can be said that they have gone to great lengths and paid a high price.

In just one week, the Lin family and the British-owned group behind them spent at least [-] million US dollars on this matter.

Although the bulk of the money was provided by the British bosses above, the Lin family also invested a lot of money.

Even in order to kill the Li family and take the throne of the gold retail king of Hong Kong Island, they have been fighting fiercely with the Li family for the past two months, making at least tens of millions less.

If this doesn't kill the Li family, it will really be a big loss.

But just when they thought they had a winning chance, the Li family unexpectedly increased the supply of gold, which shocked the Lin family!

In view of this, Lin Zhengrong did not dare to neglect and immediately ordered people to go to Li's gold shop to inquire about the situation.

You wouldn't know this unless you inquired about it. Once you inquired about it, you were really shocked to find out that the Li family actually increased the supply of gold.

Although the supply is still not sufficient, the shipment volume has indeed increased compared to the previous few days, and the increase is quite significant.

At the moment, Lin Zhengrong immediately tried every means to investigate the source of the Li family's gold.

After so much effort, if the Li family cannot be killed, the Lin family will become a joke among the upper class circles on Hong Kong Island.

Soon, the Lin family found out where the Li family's gold came from - gold financial products.

After investigation, yesterday afternoon, a man under Li Jiuying's right-hand man Liao Yong took a contract to Longheng Bank to exchange for more than 300 kilograms of gold.

Lin Zhengrong suddenly realized that the Li family's gold came from expired gold financial products.

Gold financial products are securities such as stocks, but the investment object is gold, a bit like gold futures.

According to regulations, these gold financial products are cyclical. After maturity, you can choose to sell them directly like stocks and securities, or you can choose to exchange them for gold of equivalent face value.

However, few people would choose to exchange it for physical gold.

First, the purpose of investing in such financial products is to make money. If securities can be directly converted into money through the market, who will waste that energy to exchange for physical gold.

Secondly, the exchange of physical gold requires transportation, storage, etc. Not only is it unsafe, it also requires a considerable increase in costs.

Unexpectedly, the Li family took advantage of this loophole and exchanged a large amount of gold.

After learning the news, Lin Zhengrong was furious.

While he was keeping an eye on Li Jiuying, he reported the situation to the senior management of the British-owned group, asking them to plug this loophole.

Otherwise, the plan to trap the Li family will come to nothing!

The senior executives of the British-funded group are naturally unwilling to fail in their plan. After all, their swords have been revealed, and they want to kill the chicken to scare the monkeys.

Once they fail, not only will they lose face, but more importantly, it will affect their prestige on Hong Kong Island.

Think about it, if you can't kill the chicken, how can you scare the monkey?
Subsequently, the British-owned group responded immediately and prohibited securities firms from selling expired gold financial products to the Li family.

At the same time, funds are raised to purchase gold financial products on the market.

Because the actions of these people in the British-owned group were very high-profile, Li Yi quickly received the news.It's not that Li Yi was well-informed, but that the Anglos didn't hide their intentions at all.

After all, their main purpose is not to make money, but to teach the "traitor" of the Li family a lesson, and to scare those unsteady elements in the circle.

Only in a big way can the effect of shocking people's hearts be achieved. Even if the Li family is wiped out quietly, it still cannot satisfy their demands.

They are as arrogant as ever!
But what these Anglos don't know is that Li Yi is waiting for this moment!
Knowing that people from the British-owned group were guarding various securities markets and banks, preparing to purchase gold financial products, Li Yi immediately ordered Lan Xinyi to seize the time to ship the goods.

After receiving Li Yi's order, all the salesmen of Xingchen Company immediately dispatched and slowly threw out the gold financial products in the company's hands.

At the same time, Li Yi also asked Li Jiuying's people and even Li Futiao's people to enter the securities market and snap up these gold financial products.

Different from buying gold as a shill before, just waving flags and bluffing, this time Li Jiuying actually spent money to buy it!
Of course, all this is to stimulate those in the British-owned group.

Li Yi also knew the situation of the Li family. They did not have much liquidity, so he specifically asked Huang Lixing to prepare [-] million Hong Kong dollars for Li Jiuying to handle this matter.

With this hundred million Hong Kong dollars, Li Jiuying became really wealthy after entering the securities market.

When someone sees someone selling gold financial products, he immediately grabs it with banknotes. Naturally, the British-owned group will not let him get it easily. The two sides often fight to the death.

In their competition, the prices of gold financial products have also been rising.

Originally, before they entered the market, the price was US$596 per ounce, but since the British group entered the market, the price has soared to around US$605, which is much higher than Li Yi had expected.

More importantly, because of the fight for the fate of the British Group, Li Jiuying and others, and the fact that Li Futiao and others also came to join in the fun, other investors immediately followed suit.

For a time, Hong Kong's gold financial market was in turmoil, and various securities markets and banks selling gold financial products were overwhelmed by investors.

In fact, this is not difficult to understand. After all, financial investment is about chasing the rise and killing the fall. In addition, the price of gold has soared in the past few months, and the momentum is very strong.

More importantly, when the price of gold reached its highest last year, it reached 850 US dollars per ounce. Now it is not even 1 US dollars. Therefore, in the eyes of many people, there is still room for growth.

Seeing this, Lan Xinyi and others immediately accelerated the shipment.

Under Li Yi's command, in just five days, the remaining gold financial products worth billions in Xingchen Company were sold out.

Under Li Yi's deliberate explanation, most of the financial products in the hands of Xingchen Company fell into the hands of those in the British-owned group.

However, so far, the British Group has not lost money, and has even made a small profit.

Whether it’s stocks or financial products, you’re not afraid of high prices, but you’re afraid that no one will take over.

As long as investors have confidence and as long as there are people in the market who are willing to take orders at high prices, prices may sometimes reach ridiculous levels.

Take those digital currencies, for example. What’s the point of saying that they are invisible and intangible?
But just because investors believed that this thing could keep rising, in just a dozen years, the value soared from 6 coins for a pizza to [-] US dollars per pizza.

The current gold financial products on Hong Kong Island are similar. Because some people have taken over the market, and the international gold price has been rising steadily in the past few days, this has further strengthened the confidence of investors.

As a result, the price of gold financial products on Hong Kong Island, instead of falling due to Xingchen Company's large-scale shipments, has actually been higher than in the past few days, generally reaching US$610 per ounce.

At this time, the international gold price has reached 599 US dollars!

Seeing this situation, Li Yi immediately ordered Lan Xinyi and others to immediately clear out all the gold financial products in the company's hands, including those purchased by the Li family and the Li family from the market, and also sell them.

Later, Li Yi personally called Li Futiao and asked him to help contact the media and newspapers controlled by the Huazi Group. He, Li Yi, was going to smash the market!
(End of this chapter)