Island Tycoon

Chapter 240 Gold Market
On the second day, Ye Jingcheng came to Qianlong Investment Co., Ltd. It happened that Cao Renchao and Li Zhengping were both in the company, which saved him an extra trip.

After sitting down, it is natural to first understand the development trend of the company during this period, and then the topic shifts to investment projects.

"What's the situation with the international gold price recently?" Ye Jingcheng asked first.

"It has fallen sharply. On New Year's Day, it was still $650 per ounce, but now it has fallen to $492 per ounce." Li Zhengping replied.

Although Ye Jingcheng didn't give them a comprehensive investment plan before, he also told them to pay attention to precious metals and oil.

The reason why he did this is very simple. Due to the limited information in this era, some markets with a relatively small structure are easily manipulated by large financial groups. The last "Baiyin Desperate Case" is an example.

For those who don't know the inside story, it is natural to lose everything.But for Ye Jingcheng who understands, as long as he finds the right opportunity to hang behind those big consortia, even if he eats the leftovers left by the other party, he can make him fat.

"Ye Sheng, do you have a big plan? Sell short like last time?" Cao Renchao, who was always calm and composed, showed a bit of excitement.

The last time he sold blank silver, he and Li Zhengping took advantage of the situation and followed suit, and they both made a lot of money in the end.

However, Cao Renchao knew that this kind of opportunity was only once. Ye Jingcheng only intentionally or unintentionally revealed that he allowed them to join the company because he saw them newly joining the company. The purpose was to let them have a good start and then concentrate on working for the company.

It's just that without such an opportunity, they still have a 1% profit commission.This ratio is said to be small, compared to the other common 2.5%, it is indeed pitifully small.

But to say more, they work for other companies, and the commission for a transaction can be up to hundreds of thousands.But working under Ye Jingcheng, they each raised 500 million in dividends just for the last time they sold blank silver.

As the saying goes, "if you don't open for three years, you can eat for three years after opening," and they opened this time, which is directly enough to support them for the rest of their lives.Looking back now, they still feel a little unbelievable.

"If everyone thinks like you, what's the matter with me?" Ye Jingcheng joked.

The plan this time is indeed aimed at international gold, but it is not short selling as Cao Renchao said. His plan is to do long gold in the futures market, and then store some gold spot appropriately. The two methods can achieve a risk balance to a certain extent. role.

"Ye Shengyou...it's always unexpected." Ye Jingcheng's decision made Cao Renchao stop immediately.

Indeed, as the price of gold continues to fall, many people have carried out short selling, and some even assert that the price of gold will fall below [-]. However, as the most popular precious metal, gold will not fall as endlessly as silver limit.

It is unlikely that the price of gold will fall to 450, but it is still a great chance to drop to around 492. If Ye Jingcheng joins the ranks of short sellers now, the room for profit is the difference between the price of gold between [-] and [-].

Although it's not as profitable as selling blank silver last time, don't forget that Ye Jingcheng's net worth is now, and he can earn at least tens of millions if he rolls his money.I didn't expect him to run in the opposite direction, you all sell short, right?Okay, since that's the case, I'll go long. Is it okay to send money to you?
Of course, Cao Renchao didn't think Ye Jingcheng was giving money.In fact, only a small number of people who invest in futures and the stock market can make money.Therefore, when most people sell gold short, it does not mean that the price of gold will definitely fall, on the contrary, it may rise as Ye Jingcheng said.

"Ye Sheng, how do you plan to operate this time?" Suddenly, Cao Renchao was full of confidence in this plan.

"In addition to doing futures this time, how much cash do I want to invest in?" Ye Jingcheng said his plan.

In fact, it is not the most suitable time to get involved in the gold market at this time.When is the most suitable time?It is one month before and after New Year's Day at the beginning of the year.

At that time, because the Soviet Union invaded Afghanistan, there was a rush to buy gold.The price of gold was like a runaway horse, and it rose to the highest peak in history, reaching $875 per ounce.

If Ye Jingcheng joined at that time, he could have done a long round first, and then sold a short round. He has made several times by now.It's a pity that a person's memory is always limited, and some of the dust-covered memories need an opportunity to activate. He only remembered the situation of this year after noticing Huang Jing's plunge recently.

1980 was definitely the year with the most ups and downs in the world gold market.

The highest price of gold reached $875/oz, and the lowest was less than $300/oz.As long as Ye Jingcheng grasps the price difference between these two figures, it is not difficult to multiply his wealth several times.

In fact, it's not just gold, the oil market is even crazier.First, the Soviet Union invaded Afghanistan, the dispute over the Malvinas Islands between England and Argentina, and the conflict in Lebanon, etc., which triggered the second oil crisis.

It's a pity that Ye Jingcheng missed the best opportunity to enter the market, and can only wait for the price to rebound before deploying.

Moreover, oil investment is no better than gold. The biggest problem is the handling of spot goods. There are many storage methods for gold, but the storage method for oil cannot be handled by just digging a hole.

"If you, Ye Sheng, are considering spot gold, you'd better find a trustworthy bank to cooperate with." Cao Renchao understood Ye Jingcheng's approach.

Although the investment in spot gold is large, the risk is not that high.The main reason is that Ye Jingcheng has the funds in his hands, so naturally there is no need to take such risks.

"Zhengping, what do you mean?" Ye Jingcheng noticed that Li Zhengping had been an observer just now, and seemed to have other thoughts in his heart.

"I think it's better to ask for others than to ask for yourself."

It's not that Li Zhengping wants to contradict Cao Renchao, but that he really doesn't think it's necessary to cooperate with a bank.Out of long-term considerations, he said: "Actually, with Ye Sheng's current capital, instead of looking for a bank to cooperate with, it is better to buy a bank that is on the market, so that our company's financial entry and exit will be handled more conveniently."

Cao Renchao nodded silently after listening, and analyzed: "What Zhengping said is not unreasonable, but to develop the business of the bank, in addition to the need for talented executives who are capable of managing the bank, there is another big problem is the security of the bank. system."

"En." After listening to the two people's suggestions, Ye Jingcheng fell into deep thought.

First of all, he has two candidates in mind for the talent executives who manage the bank.One of them is Yuan Tianfan from HSBC Bank. The future working emperor has already intentionally approached him. As long as he has this platform, I believe he will not refuse the invitation to take up the post.

The other one is Huo Jianning, who is still working as the accounting director of Changjiang Industrial. Ye Jingcheng tested him last time, but the other party's answer could only be regarded as ambiguous.The main reason was that Ye Jingcheng didn't show his strength to him, or he should find another time to talk to him.

(End of this chapter)