Island Tycoon

Chapter 345 Courage Fee

Whether rich or poor, there is a natural hobby of collecting.It's just that the former can choose a wider range of directions, which may involve calligraphy and painting, antiques, jade, gemstones and so on.

As for the latter, the types to choose from are very limited.Gold is the precious metal with the most stable price, the most widely spread, and the most recognized by the people.It can not only be stored for appreciation, but also can be used in emergencies.As long as almost every household has spare money, they will buy some storage more or less.

Most of the gold reserves in the hands of ordinary families can only be calculated in "grams", and most of them are well-made accessories, such as one or two gold rings, or very thin gold chains.

For a slightly wealthier family, the gold reserves in their hands will be calculated in 'ounces', such as some small gold medals, slightly thicker gold bracelets and so on.

Those who use 'two' as the storage unit must be some rich people, at least with a net worth of millions, and the types of collection are mostly gold medals and gold bars.

Only those billionaires with tens of millions or hundreds of millions of assets can use "jin" to measure the gold reserves in their hands.The problem is that the unit Ye Jingcheng uses now is 'ton', and it's not two tons per ton, but a full five tons!

The conversion unit of five tons is five thousand kilograms, five kilograms is ten thousand catties, ten thousand catties is approximately equal to 17 ounces, and 17 ounces is approximately equal to 500 million grams.

What is the concept of 500 million grams?I'm afraid that the entire working class on Hong Kong Island doesn't have that much gold reserves in their homes, and now it is in the hands of Ye Jingcheng.

Let’s talk about the value again. The current price of gold is about 600 US dollars per ounce. If 1 ounce is calculated as 28 grams, the exchange rate of Hong Kong dollar to US dollar is 1:4.6. The price of gold per gram is 5 Hong Kong dollars, and the price per catty is [-] yuan. ten thousand catties...

It is equivalent to saying that the value of the gold reserves here has exceeded [-] million Hong Kong dollars.

No wonder Ye Jingcheng didn't care at all, giving such a large meeting gift, as much as they were allowed to hold with both hands, it was all given to them.

How big a person's palm can be, like this kind of five-ounce gold bars, one hand can only hold 5-7 bars at most, and the two hands add up to only three to four catties.Even if Hong Jinbao was a big fat man, that big slap would take at most five catties.

Adding up all the people here, at most, they will take away a dozen or twenty catties.Is it more than ten or twenty catties?It is indeed a lot, 100 yuan for a catty, and [-] million yuan for [-] catties. This money can already buy a three-bedroom apartment in the central area.

less?Compared with the reserves here, it is really pitiful.Ten thousand catties minus twenty catties leaves 980 catties, not even a fraction.

"Gulu!" Hong Jinbao's mouth was dry and he couldn't help swallowing. Why is there such a big gap between people in secret ways?
Ye Jingcheng has only been in Hong Kong Island for a little over a year, and now the treasury alone is worth [-] million. Earlier, I heard that he made a profit of at least [-] million U.S. dollars by sniping the Bay stock market, which is another [-] million Hong Kong dollars, isn't it? Said that Ye Jingcheng's net worth exceeded one billion?

How did he know that when Ye Jingcheng raided the Taiwan stock market, in addition to taking [-] million U.S. dollars from 'Formosa Plastics', he also took [-] million U.S. dollars from other listed companies, and this amount already exceeded one billion Hong Kong dollars.

As for the two commercial centers that Ye Jingcheng built before, with the rising property prices, the current value is at least 12 billion.Wireless shares are worth 34 million, theater chains are worth no less than [-] million, and his original [-] million current assets add up to a total value of more than [-] billion.

As for the reserves of this vault, Ye Jingcheng only owned three tons of it, and the other two tons belonged to Lei Juekun's income.But this is not the main problem, because these gold spot only accounted for a small portion of this investment, and may not even account for a quarter of the total return.

Ye Jingcheng's biggest means is through futures trading, and all the proceeds from futures trading belong to him personally.The income in the past six months is as high as [-] million U.S. dollars, plus the gold reserves of [-] million Hong Kong dollars in this vault.

Calculated, the profit from this transaction is close to 20 billion Hong Kong dollars, plus the 34 billion summed up earlier, Ye Jingcheng's assets have already exceeded 50 billion, which is completely comparable to the group with hundreds of billions of assets in the future.

Of course, Hong Jinbao didn't know these secret things at all.His mind is now full of thoughts to take advantage of this opportunity, and take a few catties of gold back with him, and use the gold to "spend his life" with his friends, which is several levels higher than cash.

"Brother, you came at the right time. I can't see the front, so you put two more on it for me." When Hong Jinbao came up, Yuan Biao asked, turning his head to the side.

I saw that Yuan Biao's upper body was covered by a golden wall, and this golden wall was built by himself.

Yuan Biao is usually a ghostly person, compared to others, he really did what Ye Jingcheng said, grabbing the gold with both hands.He used his hands as a support, and spread the gold bars layer by layer like a wall, at least three times more than others.

"Why are you so greedy?" Seeing Yuan Biao being so rude, Hong Jinbao blamed him, but at the same time he did not forget to look at Ye Jingcheng.

"Ye Sheng said it again, what I can hold with two hands is mine, shouldn't it be considered a foul?" Yuan Biao didn't care at all, but greeted Ye Jingcheng with a smile, and the latter also laughed it off.

Seeing Ye Jingcheng really didn't mind at all, Hong Jinbao rolled his eyes, or else he used this method too?With his bear paw at least double that of Yuan Biao, right?

"Chengzi, what do you plan to do with this batch of gold?" If Lei Juekun hadn't been used to storms, he might not be able to calm down in the face of such a large gold reserve.

He sponsored Ye Jingcheng [-] million Hong Kong dollars back then, but the other party only promised more than [-]% of the proceeds at the time, but now they gave him exactly double the proceeds.This method of earning money is really astonishing, Ye Jingcheng only spent half a year earning for him what he would spend ten years on.

Although, he vaguely guessed that Ye Jingcheng had brought him such a big benefit because he might have other plans.For example, a "courage fee" for him, so that he will invest more money next time, or he has ideas about his theater chain?
Who knows, but as long as there are enough interests, these things are negotiable.

"Let's put it on for another one or two months. Anyway, it will be dealt with before the beginning of the year." There will be another rise in the price of gold in the near future, and it will almost peak by then, and Ye Jingcheng will sell his inventory.

As for the end of the year, the price of gold should fall sharply and maintain a stable price around $400/oz.Instead, you can operate short selling through futures, and as for gold spot, it will not be mixed in a short period of time.

"Ye Sheng, the contract is ready." At this time, Yuan Tianfan walked over.The contract in his hands is the income of Hong Jinbao and others.

(End of this chapter)