Fu Rongqi hangs up the phone, and the people at the exchange told him that they had received many orders for gold prices to rise. The total transaction value was more than 1.3 billion HKD!
Feng Yu also called Fu Rongqi: "Uncle Qi, I had used all my available funds to invest in this project. I have invested about 1 billion HKD, and I will use 10 times leverage. All my funds will be above 285 USD!"
Feng Yu believes that after this, Fu Rongqi will trust Feng Yu even more. Although Fu Rongqi did not trust Feng Yu blindly, but he should not reject Feng Yu's offer to cooperate with him.
What Feng Yu does not know was that Fu Rongqi trusted Feng Yu very much. This time, he had dumped a large number of US shares and was preparing to enter the gold market.
He also told his 3 other brothers about this news.
… …
Fu Rongqu was sitting in his office looking at his company's real estate development plan. When he received a call from Fu Rongqi, he immediately threw the proposal aside. How much money could he earn and how long would it take to complete this proposal to the best of his ability? Investing in the financial market was short, fast, and the profits were high!
Fu Rongqi called his financial broker, who was one of Fu Rongqi's underlings: "Old Hu, follow what my brother said and use all the money in my account to buy gold. Use 10 times leverage and set the price at 285 USD."
Yesterday, Fu Rongqi had told him that the mysterious Feng Yu will be investing in gold futures with him, and Hu Rongqi immediately expressed his willingness to participate. Early this morning, he had mobilized all the funds he could use and put them into his special financial investment account.
Fu Rongqi remembered the last time. His fourth brother had almost lost all his money, and he had relied on loans and loans to recover his losses. Hu Rongqi had invested too little the last time. If not, with his cash flow, he would have made more than his fourth brother.
This time, when he heard that Feng Yu will be investing with Fu Rongqi again, how can he miss this opportunity? Of course, Hu Rongqi had also become bolder. This was an opportunity to double his money. If it wasn't for his brother's permission, Hu Rongqi would have entered the black market and asked for higher leverage.
… …
"Alright. Did Feng Yu place an order? I've also prepared the money. I'll send someone to place the order now. "
After Fu Rongbing received the call from his boss, he called his broker and told him to buy Gold futures with 10 times leverage. The futures will be sold at 286 USD!
Feng Yu is so amazing, and his goods are sold for more than 285 USD. 286 USD should not be a problem, right? It was a rare opportunity to earn as much as possible.
Hmmm … Fu Guangwei still has some money in his bank account. He wants to inject it into Tai Hua Supermarket Enterprise. But he does not need it now. He might as well use it to invest in gold. By the time the supermarket needed to invest a large sum of money, the order would have already been settled.
…
When Fu Rongjing got the news, he was even crazier than his two brothers. Not only did he ask his two sons to mobilize all their liquid funds, but he even drained his own company's liquid funds. Then, he prepared to take a loan to ease the company's financial predicament. Anyway, the big boss said that this investment would not take more than two months.
The last time he followed Feng Yu's lead, he was the boldest one. It was because at that time, he was desperate to recover his losses. At that time, he relied on the funds he borrowed from the big shots to make a comeback. In fact, he even had a slight surplus.
He thought for a while. Anyway, he had not offended Feng Yu recently. Guangzheng and his third brother had just partnered with Feng Yu to invest in a supermarket in China. Feng Yu had no reason to cheat them.
Furthermore, he had asked for the details. Feng Yu's investment was more than 1 billion HKD, and he had used 10 times leverage. Since Feng Yu dares to do this, then he dares to do the same. His brother also felt that gold prices will continue to rise in the near future.
His brother said that Feng Yu felt that gold prices will rise to more than 285 USD, and he felt that it will rise to at least 280 USD. He asked his brothers to make their own decisions.
Fu Rongqi will not help them invest directly. They had already split from the family, and he will only tell his three brothers if he has good news that he will not be able to finish it himself. Usually, his three younger brothers' financial investments would be handled by his company's broker, and he would not be able to handle them directly.
Fu Rongjing hesitated for a while and asked his two sons to settle their investments at 285 USD. His own investment will be split into several portions. The lowest will be 286 USD, and the highest will be 290 USD!
Fu Rongjing's guts were bigger than his three brothers. He had already lost more than half of his assets once, and he still dares to take out more than half of his assets to gamble. He was betting that he will make a fortune!
Feng Yu had set the highest settlement price at 288 USD, but he did not know that Fu Rongjing had set the highest settlement price at 290 USD!
It was not that Feng Yu was less daring than Fu Rongjing. It was because at 288 USD, Feng Yu could guarantee that he will make a profit. But 290 USD might not be the same. Fu Rongjing remembered that in his previous life, gold prices started to fluctuate violently in 1994. He also remembered that gold prices did not reach 400 USD at the end of this year.
Fu Rongjing had analyzed the market and other information, but he could not get an accurate figure. This price of 288 USD was the highest price he could determine!
One was a 100% profitable plan, and the other was a 3% profitable plan. But there was also a possibility of losing all his money. Only an idiot would know which option to choose.
Fu Guangzheng, who was in China, received a call from his father. He told him that Feng Yu and his eldest uncle were going to invest in Gold futures again. Fu Guangzheng had some money in his account, and he was going to invest in Tai Hua Supermarket's second phase. He also wanted to invest in other companies in Hong Kong.
Since his father had told him that Feng Yu and his eldest uncle were going to invest in Gold futures together, he did not have any doubts. Fu Guangzheng immediately passed all his money to his father and asked him to invest in Gold futures. Fu Guangzheng did not trust his eldest uncle or his father. He trusted Feng Yu.
Had Feng Yu ever made a loss in his investments? Fu Guangzheng believed in one thing. If he invested with Feng Yu, he would surely make money!
… …
Fu Rongqi knew that his 3 younger brothers had also invested a large sum of money into Gold futures, and he asked his men to place orders. But when his men asked him if he wanted to hedge, he hesitated for a while.
Under normal circumstances, when he was investing in futures, which had high returns but also high risks, he would hedge his bets to lower his risk. Even the leverage he used was not high.
But this time, it might be because of his 3 younger brothers or Feng Yu. Fu Rongqi decided to place bigger bets.
Fu Rongqi had set up multiple accounts and placed many bets. The total amount was 300 million USD, and all the bets were with 10 times leverage. He did not hedge his bets and only bet on the rise! Of course, Fu Rongqi did not set a price limit for the bets. In fact, he would be monitoring the bets personally. If the bets did not rise after 280 USD, he would sell the bets at 280 USD.
If it was as Feng Yu had predicted, gold prices would rise to more than 285 USD, then his profits would be more than 250 million USD!
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