These few days, Fu Rongjing had invested all his money into the Forex futures market. He had more than 400 million HKD, and this was all his liquid funds. The settlement date was 2 months later.
He dreamed that his money would be multiplied by a few times in 2 months and become a few billion HKD. Although Fu Guangzheng had advised him not to invest so much in Forex futures, it was easy to lose all his money. He should at least consult his uncle, who was more experienced.
But Fu Rongjing did not want Fu Rongqi to know about this. He wanted to surprise everyone and see Fu Rongqi's jaws drop! As for his men's reports, Feng Yu had been going to the banks and law firms these few days. He did not care about it.
Feng Yu would not dare to hire a lawyer to go to court against him. This was Hong Kong, and his surname was Fu! Going to court was a game for the rich. The poor could not afford to go to court. Although Feng Yu's family background was not bad, but compared to Fu Rongjin, it was still a far cry!
The arrogant Fu Rongjing had underestimated Feng Yu. He had been blinded by Feng Yu's schemes. If it was Fu Rongqi, he would have seen through Feng Yu's tricks.
Feng Yu had gone to Hong Kong's London Gold Market. He was preparing to trade London Gold Futures. This was the financial product he traded most in his previous life.
London gold, in a broad sense, was the spot gold stored in London. It was also a trading product provided by the London International Financial Futures Exchange. It was a 99.5% purity 400-ounce gold brick (about 12.5 kilograms) stored in underground vaults in London.
London gold trading did not require physical gold to be withdrawn. There were also no shipping, inspection, storage, appraisal, and other steps. The investment cost was slightly lower than physical trading. Furthermore, the leverage was very high. It could be as high as 100 times leverage. On the black market, there were even 500 times leverage. This allowed investors to use their funds reasonably and fight for big gains with small gains.
There was another advantage. London Gold was traded 24 hours a day. It could even be traded on the same day. It could be bought and sold on the same day. It could be said that London Gold was the most active gold market. It was the most popular "money making tool" for investors.
Feng Yu had converted all the money he borrowed from the Soviet Union into USD. After deducting the fees and exchange rates, Feng Yu now had about 490 million USD. He was going to invest all of it in London gold.
When Feng Yu entered Hong Kong's London Gold Market, a group of brokers came up to Feng Yu and handed over their name cards. They hoped that they could manage Feng Yu's account and earn commissions.
Of course, Feng Yu rejected all of them. What a joke, I am also a professional. Do I need you to represent me? Furthermore, even if I wanted to find an agent, I already had a target candidate in mind. That person was the future representative of the Hong Kong gold futures market. It seemed that that person had made his fortune by speculating in London gold in the past two years.
Feng Yu took a look. The current price of gold was 370 USD per ounce. It had dropped significantly from the high of 412 USD per ounce at the beginning of the year. The Soviet Union was trying to increase the price of gold. This was because the Soviet Union was one of the world's major gold exporters.
The Soviet Union was still relying on their industries to make money 10 years ago. But in the past 10 years, the Soviet Union's industries had declined. They started to sell gold, oil, and other minerals as their main source of income. This showed how the Soviet Union had fared in the past 10 years. No country in the world could survive by selling their mineral resources. From this point, the Soviet Union's disintegration was inevitable.
Feng Yu remembered that the gold prices had been suppressed by the US financial group led by Wanta for the past two years. The gold prices had been falling since October of this year. Feng Yu could not remember the exact date.
But at least by the end of September, the gold prices would still rise. It should reach more than 390 USD per ounce.
The 20 USD price difference and close to 500 million USD of deposits were enough for Feng Yu to make a huge profit.
Feng Yu quickly opened an account and started to place orders. Buy at current price and sell at a fixed price. The selling price ranged from 380 USD to 390 USD. Once the price reached this price, the gold would be sold automatically. After deducting the handling fees, the money would be transferred to Feng Yu's account.
This way, Feng Yu could lower his risk. The gold prices fluctuated every day. Some of the fluctuations were more than 10 USD. If he used high leverage, he might lose all his money if he was not careful. Feng Yu did not have the time to keep an eye on the gold prices. So, he split his orders into multiple orders. This was the safest way.
Feng Yu opened different windows and bought different amounts of gold. The smallest transaction was 1 million USD, and the largest was 10 million USD.
For the next few days, Feng Yu kept placing orders. But he did not settle any of his orders. Feng Yu's actions attracted the attention of many people.
Who was this young man? He had been coming to Feng Yu's office for the past few days. Feng Yu could also see him at night. He had placed many orders. Even if his orders were the lowest, it was not a small sum.
But from the looks of it, this person should be a small investor. Some small investors also came over to chat with Feng Yu. They want to know each other's opinion and if London Gold will continue to fall or rise again.
But when they spoke, Feng Yu only spoke in English, and he did not seem to understand their Cantonese. Could he be from Scotland? But from his accent, he does not seem to be British. Although Feng Yu was speaking in English, it was not a London accent. Feng Yu had learned American English, and his pronunciation was slightly different.
Feng Yu chatted with them to see if there were any talents other than that person from his previous life. Hong Kong was considered Asia's financial center, and there were many people in the financial industry. The more people in the financial industry, the higher the chances of talents appearing.
After chatting for a while, Feng Yu was slightly disappointed. It should be those people who had their eyes on the right people and did not want to talk to others. They wanted to make a fortune in silence. The people who chatted with Feng Yu were either wrong or had predicted that gold prices would plummet in the short term. Feng Yu could not see anyone worthy of his attention.
After investing all his USD into London gold futures, Feng Yu called Fu Guangzheng to say goodbye. He wanted to return to Bing City.
After knowing Feng Yu had boarded the plane, Fu Rongjing asked the man who had been keeping an eye on Feng Yu: "What has this kid been doing these few days?"
"He had gone to London Gold Exchange."
"What? London Gold Exchange? Hmph! He really knows how to shop around. Futures Exchange, Joint Exchange. Is he trying to inspect our Hong Kong's financial market? Hmph! Interesting. "
Fu Rongjing did not think much of it. He had heard from Fu Guangzheng that Feng Yu likes to invest in shares and had bought a lot of shares in China. Fu Guangzheng had also bought some shares in China and had told him a few days ago that he had made some profits. What's wrong? Does he think that China's shares are not profitable and wants to look at Hong Kong's stock market?
Although Hong Kong's stock market was not bad, it was not considered good either. Those without experience will suffer losses if they enter the market.
Fu Rongjing was enjoying his champagne. Feng Yu's information was accurate. It had only been a few days, and Rubles had risen slightly. He had set the settlement date of 2 months, and 2 months later, the Rubles might really rise to 0.5: 1. With his high leverage, he could get at least 10 times profits. 400 million HKD will become 4 billion HKD!
Even Fu Rongqi does not have 4 billion HKD in cash. In the future, I, Fu Rongjing, will be the leader of the Fu family!
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