Wolf of Xiangjiang

Chapter 78 [Absorbing Gold]

A new week begins.

The Bank of East Asia readily allocated funds to the 'Pacific Group' and 'Pacific Development', with each receiving HK$5000 million into their accounts.

In an instant, Lin Zhengjie became a wealthy man.

Of course, these two funds need to be purchased immediately, including stocks and gold, without any delay. Lin Zhengjie also participated in the entire investment process of the two funds to guard against any surprises.

In the morning, arrangements were made to buy stocks of Cheung Kong Holdings, Sun Hung Kai Properties, and Wharf. In the afternoon, Lin Zhengjie came to the gold and silver trading market to supervise the operations.

Whether it is stocks or gold, it is all through 'Asia Securities' as a brokerage house, and 'Asia Securities' has obtained an ordinary member of the Hong Kong Gold and Silver Trading Center, and can send traders to settle in and conduct direct transactions.

Lin Zhengjie and Ma Yawen stood on the second floor, looking down at the patio below.

"Yawen, is there good communication between HSBC and the Gold and Silver Trading Center? We require direct handover?"

At present, Lin Zhengjie is conducting "spot transactions" and obtains "99 gold" directly from the gold and silver trading market; and 99% of this "80 gold" physical object was created by Hu Hanhui's Li Cheong Gold Bank.

Lin Zhengjie has recently consulted some masters on how to 'identify gold', but he still behaves the most cautiously. Lease a 'vault' from HSBC and plan to have the Hong Kong Gold and Silver Exchange transport the gold extracted by Lin Zhengjie directly to HSBC for acceptance.

Once there is a problem - impure gold, etc., then HSBC will naturally find trouble with the Hong Kong Gold and Silver Exchange.

Of course, this possibility is almost impossible. After all, once it happens, it will be a devastating blow to the Hong Kong gold and silver trading market. What's more, the gold nuggets cashed out all have the anti-counterfeiting mark of 'Lee Cheong Gold Bank'.

"Well, the gold and silver trading center has agreed to deliver our physical gold at HSBC. HSBC has also made arrangements." Ma Yawen said ably.

Before that, she had already obtained 1000 million Hong Kong dollars in physical gold for Lin Zhengjie, and Lin Zhengjie also personally inspected and accepted it.

Today (1.8), the international gold price is 223.1 US dollars per ounce, or 7.87 US dollars per gram.

The gold at the Hong Kong Gold and Silver Trade Center is 100 taels per lot, and each tael is 37.5 grams (made in Hong Kong, 16 taels per pound, 600 grams); equivalently, one tael of gold is US$295, and one hundred taels is US$2.95. .

Currently, the exchange rate between the US dollar and the Hong Kong dollar is 1:6, which means one hand of gold is worth HK$17.7.

However, there is a slight 'difference' between Hong Kong gold and international gold, so it is not directly equivalent to the 'London gold price'; but the international gold price is the most important reference, which is inevitable.

Lin Zhengjie's 6000 million Hong Kong dollars, based on the price of London gold (currently US$223.1 per ounce), can probably buy 1.27 tons of gold (without deducting handling fees and storage fees).

Patio Trading Center.

One trader bent his palms outward, and several other traders quickly gathered around him. The middle trader quickly tapped the shoulders of the five traders, and then everyone dispersed.

Just now, the trading hand with its palm bent outwards meant that he wanted to 'sell gold'; he 'tapped' each of the five trading hands on the shoulders, which meant that each of the five trading hands sold one lot of gold.

The whole process takes about ten seconds, which is equivalent to completing a transaction of 5 lots of gold, with a total capital of about 88.5 Hong Kong dollars.

The trader representing 'Asia Securities' is on the buying list, and he is quite active today, buying frequently.

After all, Lin Zhengjie wanted to buy more than 300 lots of gold, and what Lin Zhengjie required was to buy them all within a week.

After a while.

"Lin Sheng, Miss Ma, are here to supervise the battle in person again today!" Hu Jingchang, the 'young master' of Lichang Jinhang, came up from one side and greeted them kindly. Next to Hu Jingchang, there was an elder who also looked at Lin Zhengjie curiously.

"Hu Sheng, this should be the chairman of the Gold and Silver Trading Center and the Gold and Silver Stock Exchange, right Hu Weng?" Lin Zhengjie took the initiative to greet the elder.

Hu Hanhui responded with a smile: "Recently I have always heard that a young hero has emerged from Hong Kong. When I saw you, I didn't expect you to be younger than I thought."

They are all from Shunde. Lin Zhengjie has been in the limelight recently, so he has naturally received special attention from his fellow villagers.

Lin Zhengjie said quickly: "The media is praising me just for the sake of sales. I have nothing to be proud of in front of my seniors."

Of course Hu Hanhui knew that Lin Zhengjie was being modest. "The youngest chairman of a listed company" and "the youngest owner of a Central Building" are just two achievements that are enough to prove that Lin Zhengjie is a person with real ability, and others have started from scratch.

Later, Hu Jingchang introduced to his father Hu Hanhui: "Father, Lin Sheng has been investing in spot gold recently, and he is making a big deal!"

Hu Hanhui nodded and said: "If you have a vision, gold is a hard currency and has the potential to rise!"

Of course, this is just a scene.

Gold rose sharply before 1974, fell sharply from 1975 to 1976, and then continued to rise. In November last year (1978), international gold suddenly plummeted (which was also a reason for the decline of the Hong Kong stock market).

Now that gold is at 223 US dollars per ounce, who dares to bet on a 100% increase? I am afraid it is only Lin Zhengjie, a 'travelling man'!

Lin Zhengjie also knows how to talk about the situation, which is popular with Boruto: "I heard that Hu Weng was speculating on gold back then. He first bought 4000 taels, but the price did not rise. You continued to buy 3000 taels, thus making a huge profit."

Hu Hanhui suddenly remembered what happened back then, and couldn't help showing joy on his face, but it disappeared immediately.

When he saw Lin Zhengjie, he suddenly felt a little closer, so he advised: "Zhengjie, to tell you the truth, that was my only gambling-style speculation in gold. The situation in the gold market was strange. I just saw the sun showing its smiling face. Maybe There will be a lot of rain in your pocket soon. You may get enough capital to cover your lifetime expenses in one fell swoop, or you may lose all your money and end up jumping off a building. After experiencing the shock of the gold market, I have never speculated in gold again, and I am not allowed to hire anyone. Speculate in gold, otherwise you will be fired. Of course, I heard that you are speculating in spot gold, which is much safer!"

Lin Zhengjie immediately said seriously: "Thank you, elder, for your kind words. I will keep them in mind, junior!"

His attitude is not that he thinks there are "risks in gold speculation", but that he just wants to get to know more big shots.

Seeing Lin Zhengjie's sincere attitude, Hu Hanhui said happily: "Let's get together later. We are all from the same hometown, so we should move around more!"

"Okay, then I'll wait for Hu Weng to call me, and I'll be there when he's called!"

"Haha, then you take your time and play!"

It wasn't Lin Zhengjie's charisma that left a deep impression on these big guys after just one meeting. The fundamental reason was that Lin Zhengjie was well-known and in the limelight.

Big bosses will not take care of someone for no reason. They must be the icing on the cake if the person shows 'value'.

Therefore, it is nonsense to say that any tycoon relies on his "background" to make his fortune. First of all, you have to be valuable, so that your 'background' will help you; you have to be capable, so that a 'good girlfriend' will take a fancy to you, and only then can you find a 'good father-in-law'.

After getting to know Hu Hanhui, Lin Zhengjie also felt that it was beneficial, at least he would not be treated unfairly or deceived at the 'Gold and Silver Trading Center'.

In short, it will always be useful to know one more person.

If both parties are of no use, the relationship may gradually fade away; one day, both parties will be of use again, and the relationship will come back again.

(End of this chapter)