High School Belle Fell in Love with Me

So he said, "Don’t buy large amounts of gold domestically, it makes you an easy target. But buying from abroad, there are no such restrictions. You can open a gold processing company or similar, and purchase abroad in the company’s name. The import control on gold isn’t very strict, just follow the proper processes and declare it. There are no taxes on precious metal imports."

"Then what?"

"Then just find a place to store it! Although, here it’s not suitable to store gold. Over at Green Water Heaven and Earth, I specially left a villa for Qingqing. I’ll bring you the keys in a couple of days. There’s a basement there; just get someone to build a vault for storing gold. Gold doesn’t take up much space—make a vault of just a few dozen square meters, and you can store hundreds or even thousands of tons of gold. Oh, and make sure the foundation is solid so it doesn’t collapse."

Chen Peipei: "..."

Li Yang, this guy, really dares to think big.

"It’ll cost hundreds of billions..."

"Don’t you have a few hundred billion? If not, I’ll have to investigate Huobi Platform."

"I do! But... are you really willing to spend it?"

To Chen Peipei, Li Yang had so much money, blowing through tens of billions shouldn’t bother him, especially since Bai Qing had given him a child.

But if you squander hundreds of billions, can this guy really not feel the pinch?

"How much money do you have there now?"

"Not much left, just a few dozen billion US Dollars. After you had me buy a bunch of stocks last year... Plus, to balance the Bitcoin contract trades over this period, I inserted a lot of long position contracts..."

The Bitcoin price has now dropped to $3,000 a piece. Although the market panic has largely dispersed, the platform still has more short positions than long ones.

Once it reaches a certain point, it can balance out, but Li Yang wants to grab the profit from this inversion, so he had Chen Peipei keep up with it, grabbing opportunities whenever they arise.

The Bitcoin contract looks similar to a futures contract, but in reality, they’re different.

Futures contracts typically have a time limit. For example, a major commodity for a certain month must be settled whether profitable or not.

Bitcoin contracts don’t require delivery; they’re like stocks circulating in the market, and they can keep increasing.

As long as there’s money in the account, you can make contracts.

Li Yang thought about it, the funds he’d told Chen Peipei to use for buying stocks, seems substantial...

So he asked, "How much is in the platform accounts?"

Bitcoin platform fund accounts aren’t limited to one, given the massive amounts of money involved, any more would attract attention.

Now, typically, it’s about several ten million dollars per account, at most just three to five hundred million dollars per account.

In the United States, it’s not easy to investigate, as the US Dollar is a global currency, and other countries more or less have accounts there; it’s impossible to freeze them without solid evidence, right?

This is the drawback of the US Dollar; it can’t be controlled.

If it were controlled, people wouldn’t use it.

In the past, the United States could only target Old Zhao, not Binance’s accounts, they couldn’t.

Knowing Binance’s accounts were among billions of US dollar accounts, there was no way to track them.

"For the platform’s part, there’s over 12 billion US Dollars, user funds are around 32 billion dollars."

"Then spend freely; if there’s no money, find Li Xiao for a share. Our own money, spend it however you want."

Li Yang knew the last time they divided, it was in early 2018 when Li Xiao sold the platform’s Bitcoin holdings, totaling 30,000 pieces, earning the company 600 million dollars.

Then, the request to divide proceeds arose, with platform accounts making less than 4 billion dollars revenue.

Li Xiao took 1 billion dollars, Chen Peipei took 2.3 billion dollars.

Chen Peipei thought about it, then said, "Forget it, that’s almost enough, too much and you’ll regret it, find an excuse to take it back."

"No regrets! Just listen to me and buy quickly! When you’re ready, find Li Xiao to share, split all the money in the account, then use it all to buy gold. If you can’t trust me, split the gold you buy; give me half, and I’ll give you my villa key. You can make a vault for my gold too, and store my share there."

Li Yang lacked money domestically, but not abroad.

Last time in the Bitcoin contracts, he took a big profit.

At that time, he couldn’t spend all his money; if it hadn’t been for worrying about a big impact, he could have earned more during that wave.

The money invested domestically over the years is about 20 to 30 billion, but that’s just a fraction.

He urgently needs diverse asset allocation, and gold is a crucial part of the comprehensive consideration.

If you don’t take in hundreds of billions, what’s asset allocation?

US Stocks have been allocated, and domestically needs allocation too; even if the US Stock scale is large, he couldn’t take so much.

Looking at current conditions, the allocation is basically maxed out, space must be reserved for future developments.

He really overestimated Chen Peipei’s ambition; Li Yang thought he wouldn’t need to say it and Chen Peipei would madly store gold.

Buying gold from abroad is absolutely the best choice because international gold prices have inverted with domestic prices.

Generally, one gram is about two to three bucks, and in a few years, when domestic gold is in short supply, the inverted price can be five, ten bucks.

Port City’s gold prices align with international prices, so many people specifically go to Port City, then physically bring gold back.

Chen Peipei saw Li Yang wasn’t bluffing, so she said, "Alright alright, I’ll start contacting after New Year. Regarding this year’s platform situation, I’ve organized the materials; go take a look."