Feng Yu came to Hong Kong again. This time, Feng Yu noticed that all four brothers of the Fu Family were there. Among the younger generation, only Fu Guangzheng was Feng Yu's closest friend.
Fu Rongjing had lost 400 million HKD, and his second and third brothers knew about it. But when Fu Rongjing appeared, he did not do anything to Feng Yu and even bowed down to Feng Yu. They could not understand why Fu Rongjing did not do anything to him.
They knew Fu Rongjing's character very well. As the head of the Fu Family, many companies had gone bankrupt because of him. Why did he not stand up for his fourth brother this time?
After they asked, they knew what Fu Rongjing was thinking. For the sake of the Fu Family, they should not offend the second generations in China. Furthermore, Feng Yu had shown his sincerity and told the Fu Family about his analysis of the gold market. The Fu Family had invested in gold and had made more than 400 million HKD.
This time, Fu Rongqi told them that Feng Yu was coming to Hong Kong again, and they decided to tag along. If there was an opportunity to make money, they would not miss it.
"Xiao Yu, let me introduce you. This is my second brother, Fu Rongqu. He is in the real estate business, and this is my third brother, Fu Rongbing. He owns a supermarket."
"Xiao Yu is young and promising. You are much better than my son. I will let him learn from you in the future." Fu Rongbing said loudly.
"You are too polite. Since both of you are tagging along, it should not be just to meet me, right?"
"Hahaha. Of course. I heard that Xiao Yu is very talented in the financial market. This time, we are going to invest in the financial market with you. We also want to broaden our horizons."
Broaden your horizons? It was obvious that they wanted to follow along to make money. But this was better. With the Fu Family on his side, Feng Yu would be able to raise more funds in the future. In 1997, he wanted to let those US capitalists know that Hua Xia's territory is not something they can mess around with.
"Uncle Qi, you should have made a lot of money from investing in gold, right?"
"Hahaha, it's alright. I had made some money." Fu Rongqi was in a good mood. Although he was not particularly aggressive, even if he invested conservatively, he still made about 100 million USD from his initial investment of a few hundred million USD.
At the beginning of the year, he still had a futures order that would be settled the next day. If he sold it short, he should be able to make a lot of money. Even Lao Si had managed to raise a large sum of money. After using high leverage crazily, he had almost recovered the 400 million HKD that he had lost.
Under Fu Rongqi's persuasion, Fu Rongjing decided to let go of Feng Yu. The boss was right. In business, there were no eternal enemies or eternal friends. There were only eternal benefits.
Now that news about Feng Yu could bring them benefits, Feng Yu was a friend.
"I'll be placing some orders for London Gold in the next few days. If you're interested, you can come along."
Feng Yu could not earn all this money by himself. He might as well do the Fu brothers a favor and get them to side with him in the future.
Fu Rongqu and Fu Rongbing had been waiting for Feng Yu to say this. They were overjoyed and raised their glasses to have a toast with Feng Yu.
The next day, Feng Yu went to the London Gold Market again and continued to short gold. The people around were shocked. Gold prices had fallen to 368 USD per ounce, and this person was still shorting gold?
Eh? The two men behind this person looked familiar. They looked like the Fu Family's leaders. Could this person be an investor for the Fu Family?
But that's not right. The Fu Family's eldest brother, Fu Rongqi, had invested in gold. Why did these two not go to their eldest brother to invest in gold? Why did they hire a young man?
The people around saw the two men from the Fu Family starting to place orders to short London Gold.
Something was not right. This young man did not look like a broker hired by the Fu Family. How come the two men from the Fu Family were following this young man to place orders?
Those who knew He Zhaoji, who was standing beside Feng Yu, suddenly realized something. This period of time, He Zhaoji had been active in the London Gold Market. There were rumors that he was recruited by a big boss and even brought along a few famous brokers to work for that big boss.
All of them suddenly had a thought. Could that big boss be this young man in front of them?
Some of the people who had seen Feng Yu's previous investment in London Gold nodded and started to place orders to short London Gold.
Feng Yu had placed orders worth close to 100 million USD. He was still conservative and had used low leverage. Based on his calculations, he could get less than 20 million USD after the settlement.
Of course, Feng Yu had more than this amount of money on hand. He wanted to use more money to make himself look like a god in the eyes of the Fu Family!
On the 16th of January, the US and many other countries announced that they were going to take military action against Iraq. At the same time, the Soviet Union remained silent. They had no intention to help Iraq.
Saddam Hussein replied firmly. Iraq was not afraid of war. No matter how many countries allied against him, he was not afraid!
Wars were very costly. Iraq knew this. If it wasn't for the Iran-Iraq war, they would not owe so much money. Which country was willing to invest so much money for a war? Would the people of their country agree?
Also, the Iraqis were all veterans. After all, they had stopped fighting with Iran in 1988 and attacked Kuwait in less than a day. Saddam Hussein felt that Iraq had the upper hand in terms of military training.
Saddam Hussein believed that the US and other countries were only trying to scare him. If a war really broke out, the Soviet Union would not sit back and do nothing. If the US and other countries were to manipulate the oil prices, the Soviet Union would also suffer!
On the 17th, the Gulf War broke out!
Feng Yu saw the news about the Gulf War and called Fu Rongqi to inform him that he wanted to invest in oil futures. The Fu Family can choose to follow him.
Of course, Fu Rongqi followed him. He does not believe that Feng Yu would short oil futures.
"Buy now and sell at 18 USD/barrel. I will use all the money in my account to buy."
Fu Rongqi, who was standing behind Feng Yu, was shocked. Feng Yu had the guts to short all the oil futures and was using 20 times leverage (5% of the deposit). Yesterday, when the US and other countries were going to attack Iraq, the oil prices had increased by a few USD. Today, it had increased by more than 1 USD, and Feng Yu still dared to short oil futures?
Feng Yu had invested all his money into this bet and did not leave any room for retreat. This was crazy!
Not only Fu Rongqi felt that Feng Yu was crazy. The few brokers that Fu Rongqi brought along and the few brokers that Feng Yu had recruited all felt that Feng Yu was crazy. Did he have too much money to spend? Why would he bet like this?
The other 3 brothers of the Fu Family heard the news and came over. When they saw Feng Yu's short list, none of them dared to follow him. Even their brother, who was experienced in the financial industry, could not believe it. How could they believe it?
Feng Yu confidently said to his family: "I bet that during the war, the oil prices will fall every day. You all will see if I am right or wrong this afternoon."
That night, Feng Yu left Hong Kong, and the lights in Fu Rongqi's study room were switched on the whole night … …
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