Extraordinary Genius

Chapter 246 London Gold (Request for Tickets)

In the last few days, Pai Rongjin invested all the money at his disposal in the foreign exchange futures market, amounting to more than HK $4 billion, which is all of his liquidity, with a delivery date of two months later.

He dreamed that two months later the money would multiply into billions of Hong Kong dollars. Though he is being advised not to invest so much, foreign exchange futures, it is easy to lose blood, at least consult a more experienced uncle.

But Fu Rongjin just didn't want Fu Rongqi to know. He had to sound amazing and watch Rongqi fall off his chin! As for the report below, Feng Yu often goes to banks, lawyers' buildings and other places these past few days, he doesn't care at all.

Wouldn't Feng Woo dare to ask a barrister to fight him? This is Xiangjiang. His last name is Fu! Lawsuits are also games for the rich, and the poor can't afford them. The Feng Yu family is good, but compared to him, it's still far worse!

Proud Fu Rongjin underestimated Feng Yu. He had been blindfolded by the big cake painted by Feng Yu. If Fu Rongqi was the one, Feng Yu's little trick would have been seen through.

Feng Yu then went to the London Gold Market in Xiangjiang, where he was going to make a single London Gold Futures, which was also the most financial product he had ever made in his previous life.

London Gold, broadly known as spot trading gold stored in London, is also a trading product offered by the London International Financial Futures Exchange and is a 400-ounce brick (approximately 12.5 kg) 99.5% pure in London underground vaults.

London Gold Trading, without physical gold withdrawals, has no shipping, inspection, custody, appraisal and other steps. The investment costs are less than physical transactions, and the leverage is very large, can be up to 100 times leverage, and even 500 times leverage on the black market, which also allows investors to use the funds rationally to be small.

There is also a benefit that London Gold is a 24-hour deal that does not close down and can even be traded on the same day, buying the same day and selling the same day. London Gold is arguably the most active and favorite "financial instrument” in the gold market.

Feng Yu's loan from the Soviet Union has been fully converted into United States dollars, net of handling fees and exchange rate spreads. Feng Yu now has around $4.9 billion in his hands and is ready to invest in London gold in full.

As soon as Feng Yu entered Xiangjiang's London gold market, a group of financial brokers gathered in front of Feng Yu and presented their business cards, hoping to manage Feng Yu's account instead and earn commissions.

Of course, Feng Yu refused all of them. Just kidding. Brother is also a professional. Do you need an agent? Besides, even if I were looking for an agent, I already had a target, which is the flag figure of the future Xiangjiang Gold Futures Market, as if that person was the one who fired the London blonde for two years.

Feng Yu looked at it and now the gold price is $370 ounces, down quite a bit from the high of $412 ounces at the beginning of the year. And the Soviet Union is pulling gold prices so hard, because the Soviet Union is one of the major exporters of gold in the world, and they make money from selling it.

Ten years ago, the Soviet Union was still making money from industry, and in the last decade or so, industry has fallen dramatically, starting to sell gold, oil and other minerals as the country's main income. It can be seen how the Soviet Union has mixed up over the past decade. No major country can stand on its feet by selling mineral resources. From this point of view, the disintegration of the Soviet Union has become unstoppable.

Feng Yu remembered that the price of gold in these two years was heavily suppressed by the US National Consortium, led by Wanta, and the price of gold kept falling, as if the time had begun in October this year. At a specific time, Feng Yu could not remember clearly.

But at least by the end of September, gold prices will rise to over $390 ounces.

The $20 dollar spread, nearly $500 million in security deposits, invested in low leverage, has been enough for Feng Yu to make a fortune.

Feng Yu quickly opened an account, then started placing orders, buying current prices, selling limited prices, selling prices also ranged from $380 to $390, that is, this price was reached, the funds were sold automatically, after deducting handling fees, into Feng Yu's account opening.

Such a large number of transactions reduces risk. Gold prices fluctuate every day, and even the price fluctuates by more than ten dollars a day. If it is high leverage, if it is slightly inadvertent, it will lose money. Feng Yu doesn't have time to keep an eye on it and spread it into multiple orders, which is the safest way to go.

Feng Yu bought in different windows for a different amount, a minimum of one million dollars and a maximum of ten million dollars.

For several consecutive days, Feng Yu kept placing orders, but it seemed that he had never delivered them. Feng Yu bought them so wildly that they attracted the attention of many people.

Who is this young man? He's been here every day for the last few days, and it looks like he can be seen at night. He's made a lot of orders. Even if it's only the lowest hand, that's enough.

But it should look like a lost account, and some of the lost accounts are coming together, trying to talk to Feng Woo, analyze each other, see what they think, whether the London gold will continue to fall or come back up again.

Unfortunately, Feng Yuzhangkou is English and doesn't seem to understand their Cantonese. Is it from Scotland? But listen to his accent, it doesn't look British. Although Feng Yu speaks English, it is not a London cavity, and Feng Yu learns American English, with slightly different pronunciations.

Feng Yu has been talking to them to see if there are any other talents besides the cowman in his previous life. Xiangjiang can be regarded as a financial center city in Asia. Naturally, the more people do finance, the greater the likelihood that talent will emerge.

After a while, Feng Yu was somewhat disappointed. He should be a real person. He didn't want to communicate with other people and wanted to be bored and make a big fortune. These people who came to talk to Feng Yu either said no to the point, or analyzed that gold would fall wildly in the short term. Feng Yu didn't see anyone worthy of his solicitation.

After putting the dollar all over London Gold Futures, Feng Yu called to bid farewell to Pai Guangzheng and intended to return to Iceland.

Knowing that Feng Yu had boarded the plane, Fu Rongjin asked the man who had been staring at Feng Yu: “What has this kid been doing these days? ”

“He went to the London Gold Market. ”

“What, London Gold Market? Well, he can actually go, Futures Exchange, Union Exchange, he's going to look at our financial markets in Xiangjiang? Hmm, interesting. ”

Fu Rongjin didn't think so. He listened to Guangzheng and said that Feng Yu liked to invest in stocks and bought a lot in the interior. Fu Guangzheng also bought some in the interior and told him the other day that he had made some money. What, this feels like the stock in the mainland is making less money, want to see the stock market in Xiangjiang?

Now Xiangjiang's stock market cannot be said to be too bad, but it is not good. If someone with no experience enters, wait for the loss.

Fu Rongjin's taste of champagne, Feng Yu's news is really accurate, only a few days ago, the exchange rate of the rouble has risen slightly, two months to close itself, maybe two months later, it can really rise to 0.5: 1, leverage with its own high magnification, at least ten times the profit, 400 million HKD, can turn into four billion!

Forty billion dollars in cash, not so much for Rongqi. In the future, I will pay Rongjin to be the head of the family!