Reborn as a Hong Kong Tycoon

Chapter 626 The Gold Price Before the Crash (Two in One)

On the day of the Spring Festival, Lin Baicheng stayed at home throughout the day.

Many people came to pay New Year's greetings to Lin Baicheng today. The executives in the enterprises under his name all came to the door with gifts to pay New Year's greetings to Lin Baicheng.

As the big boss, Lin Baicheng can refuse his subordinates' New Year's greetings, but it's not necessary. It would be a bit unreasonable not to allow his subordinates to pay New Year's greetings, and it would be detrimental to Lin Baicheng's management of the company.

As for the managers below the manager, they are not qualified to give Lin Baicheng New Year's greetings, and Lin Baicheng does not have so much time to accept more people's New Year's greetings.

Right now, Lin Baicheng always asks the executives of the same company to come to pay New Year's greetings together, which can save time, otherwise, if hundreds of people come to him in batches to pay New Year's greetings, one day will not be enough.

Lin Baicheng didn't have time at all on this day, but this day was Zhong Chuhong's birthday, so Lin Baicheng just called Zhong Chuhong to celebrate her birthday on the phone, but the bodyguard gave her a gift.

In addition to the executives of the company under Lin Baicheng's name, many relatives came to the house on this day to pay New Year's greetings to Lin's father and Lin's mother.

Of course, these relatives are not the immediate relatives of the Lin family. Father Lin has only one younger sister. Mother Lin’s relatives are in the mainland. Father Lin’s father’s generation is alone. These relatives are the relatives left by the cousins ​​of Grandpa Lin Baicheng’s side.

If you really want to talk about it, these relatives are actually a little far away. In the past, when the Lin family was just an ordinary family, they didn't actually communicate with each other.

It's just that after the Lin family made a fortune, these distant relatives appeared and began to walk around with the Lin family. Based on the relationship, Father Lin couldn't refuse, so he got in touch with these relatives and walked around during festivals.

For these relatives who only move around after they get rich, Lin Baicheng is not really disgusted. After all, this is human nature. If it is replaced by their family, if the family conditions are average but the richest relatives are born, they will definitely find a way to move around with the richest relatives , get some benefits.

They are all ordinary people, and they all want to make their lives easier. There are rich relatives who can rely on help, and not many people will choose not to recognize relatives. This is human nature.

But to recognize relatives is to recognize relatives, but such relatives are naturally not close, and these relatives must not be insatiable, otherwise no one will like it.

After these relatives appeared, Lin Baicheng told his parents that they must not give these people a lot of benefits for no reason.It’s okay to need help if you have difficulties. It’s okay to borrow money if you don’t want to start a lot of business. If you want to help introduce a good job, as long as you are not lazy.

As long as you don't get greedy and don't use Lin Baicheng's name to do bad things outside, then these relatives can be recognized.

For this reason, Lin Baicheng specially asked people to investigate the behavior of these relatives every once in a while, so as to make sure that no one was ruining his reputation outside.

People are different, some people are content, some people can't figure out how greedy they are, the latter were all driven away after Lin Baicheng told their parents, and they pretended not to have these so-called relatives.

In the evening, all the people who came to pay New Year's greetings left, only Cheng Yufeng, the prospective son-in-law, stayed.

Cheng Yufeng also came to pay New Year's greetings to Lin's father and Lin's mother, and was left to have dinner together, and Cheng Yufeng did not refuse.As the prospective son-in-law of the Lin family, there is no harm in having a good relationship with the Lin family.

Whether it's father-in-law, mother-in-law, or brother-in-law, Cheng Yufeng has to build a good relationship.

Before dinner, Lin Baicheng and others first paid New Year's greetings to Lin Baicheng's parents, aunt and uncle.

Elderly people like to be lively. Although Lin's father and Lin's mother are not old enough, they are the same. They are very happy that there are so many people celebrating the New Year together this year, and they wish it could be like this every year.

The Spring Festival will pass quickly.

The next day was the second day of junior high school, the day before Lin Baicheng's birthday. On this day, many guests invited to Lin Baicheng's birthday party came to Xiangjiang and stayed in Hehuang Hotel.

As early as a week ago, the Hehuang Hotel was no longer open for business. Lin Baicheng's birthday party was held at the Hehuang Hotel this time, and all the hotel rooms were reserved for the invited guests.

Most of the guests invited to Xiangjiang are executives of Lin Baicheng's overseas companies. Lin Baicheng does not need to entertain these people in person. There is no reason for the big boss to entertain his subordinates. Qin Lan will specially arrange someone to receive them, at least for them. Each enterprise is equipped with a translator and tour guide.

But there are some people, Lin Baicheng is going to meet them, after all these friends come to Lin Baicheng's birthday party in person, to give Lin Baicheng face, Lin Baicheng can never leave them aside.

Phil Smith, Logan Rockefeller, Claure Rockefeller, Wade Thomas, four people came from the United States.

In Japan, Lin Baicheng only has a good friend like Mineryu Iwasaki, and Mineryu Iwasaki will of course go to Lin Baicheng's birthday party, but Mineryu Iwasaki is currently living in Xiangjiang, so there is no need for Lin Baicheng to meet him.

Because Iwasaki Minelong and Phil Smith also knew each other, when Lin Baicheng went to see Phil Smith and the others, he brought Iwasaki Minelong with him.

The rooms of Phil Smith, Logan Rockefeller, Claure Rockefeller, and Wade Thomas are connected. Lin Baicheng asked someone to ring the doorbell of the other three's room, while he himself stood in Phil Smith's room. In front of Smith's room.

"Alan, long time no see!"

Phil Smith who opened the door gave Lin Baicheng a hug when he saw Lin Baicheng at the door.Speaking of which, the two haven't seen each other for about a month, and there are only twelve months in a year, and one month is not short.

"Long time no see, Smith."

Lin Baicheng hugged Phil Smith, and then shook hands with Wade Thomas who came out of the next room.

Afterwards, Logan Rockefeller and Claure Rockefeller also walked out of the room. Lin Baicheng greeted them respectively, and Iwasaki Mineryu also greeted the four of them. Among them, Claure Rockefeller and Iwasaki Mineryu greeted the four of them for the first time. meet.

Outside the door is not a place to talk and chat, a group of people went to the floor below to drink tea and chat.

It was night, and Phil Smith and others were foreigners, so Lin Baicheng didn't serve tea, but asked everyone to order their favorite coffee.

"Thank you to those who took the time to travel all the way to my birthday party."

Lin Baicheng held up coffee and thanked the five people including Iwasaki Mineryu. Face is given to each other. Of course he has to acknowledge people who come to his birthday party.

Iwasaki Mineryu said with a smile: "Look at what you said, Mr. Lin, you just let it go small last year, but this year it will be a big one. There is no reason for us not to come."

Phil Smith nodded in agreement: "Yes, we are good friends."

Lin Baicheng naturally smiled and nodded in agreement. Although the relationship between everyone is not as good as good friends, such words must not be said.

Everyone chatted.

Related to everyone, the recent hot news is the international gold price. After all, everyone has invested in gold futures before, so it is inevitable to talk about this topic when chatting.

"It's a pity to say that the price of gold has broken through the US$850/oz price on Friday, and it seems that it can sprint higher next week. I'm afraid it can break through the US$900/oz price, but I don't know if it can break through the US$1000/oz price in the end. price."

Phil Smith said with regret that compared with the price when he shipped, he earned nearly 30% less, and this is still the case without calculating the leverage multiple.

Although it is the Spring Festival here in Xiangjiang, the stock market is closed, but the United States and other Western countries do not have the concept of the Spring Festival, and the stock market and futures market continue to operate. During this period, the international gold price continues to rise, rising higher and higher.

"No, who would have thought that the price of gold could rise to such a high price."

Iwasaki Mineryu nodded in agreement, and said with heartache: "I am even more miserable. The long order was sold early, and then I opened an empty order. This empty order caused me a lot of losses, and almost half of the profit from the previous long order was spit out." .”

"This kind of thing is really unpredictable."

Logan Rockefeller said something, he also did long before, but the principal was not much, so the profit was not much. After closing the long position, he did not go short, so although it is regrettable to earn less, it is not heartache.

"Iwasaki-kun, you are not the only one who suffers."

Lin Baicheng said to Iwasaki Mineryu: "Hutchison Whampoa is actually shorting now, not counting the leverage loss of about 13%, which is quite a lot."

The reason why he brought up the investment loss is mainly because Lin Baicheng didn't want others to regard him as a "god" who makes money from investing in everything. A small loss and more big profits are put together, although there are flaws, it seems real. It doesn't make people think too much.

"Alan, how much money did Hutchison Whampoa invest this time? Now that the price of gold is on the rise, are you going to continue to resist or cut the meat?"

Claure Rockefeller asked aloud. He actually knew from his father that Hutchison Whampoa was shorting the international gold price through the Golden Fleece Company, and issued a short order of US$8 million, using only twice the leverage.

The current losses are nothing compared to the previous profits of Hutchison Whampoa, so Claure Rockefeller was simply curious about how Lin Baicheng would deal with the losses.

"There is not much investment this time. After all, I have made a lot of money in the past. This investment is just a test of the water."

Lin Baicheng did not say the specific investment amount, and then said: "It seems that the price of gold will continue to rise, but I still hold the original point of view. The price of gold has soared so far, and the increase has been quite astonishing, and it will inevitably usher in an adjustment. I don't think so. I will start to adjust after knowing what price it will rise to, but I will always hold the short position of Hutchison, and I will play with it for half a year, and I can afford to wait.”

If Lin Baicheng remembers correctly, the highest point of this wave of gold price increase was to break through 850 US dollars / ounce, but it did not break through 900 US dollars / ounce. Judging from the current gold price, it may take another one or two trading days. Crashed.

Of course, this is the original history, because the rebirth of Lin Baicheng is likely to change history, and the high point of gold price is not impossible to break through 900 US dollars per ounce.

The trading volume of the gold futures market is very large. It is reasonable to say that Lin Baicheng's rebirth cannot affect it, but who made Lin Baicheng add Hutchison Whampoa this time and made a total of nearly 200 billion U.S. dollars. Such a large amount of funds is enough to influence the market. It has had some impact.

However, even if there is influence, Lin Baicheng believes that his influence is limited.Even if the price of gold can break through the US$900/oz price in the short term, or even break through the higher price of US$1000/oz, it is only driven by funds, and the fundamental reason for the decline and correction has not changed.

The price of gold has risen sharply in the short term, and the increase is too large. There will definitely be adjustments later, and it is impossible to keep rising.Moreover, the higher the high point, the more severe the fall will be after the crash, and the greater the room for adjustment.

If it weren't for the sake of safety, Lin Baicheng really wanted to use a large sum of money to enter the short market, and then he could make a lot of money, then he would really eat the shorts and then the longs, taking both sides.

It's a pity that he temporarily entered the market to short, and a large amount of funds entering the market will definitely attract attention. It is easy to be found out that Lin Baicheng's funds are shorting. .

More than 100 billion U.S. dollars, this is not a small amount, even for a world power, this is not a small amount, it will definitely attract a lot of covetousness, and the troubles that Lin Baicheng will face at that time will definitely not be small.

It was based on safety considerations that although Lin Baicheng knew that he could make a lot of money by shorting gold futures, he did not do so. He just asked Hutchison Whampoa to use some funds to enter the market to have a drink of soup.

"Alan, you are in a really good mood."

Phil Smith gave Lin Baicheng a thumbs up. There are not many investors who can calmly face the big decline, not to mention the fact that this investment has to pay additional leverage interest.

"My mentality is incomparable to Lin Sheng's."

Iwasaki Mineryu shook his head: "My short order was flat on Friday New York time. My analyst told me that the price of gold is very likely to break through $900 per ounce. In order to reduce losses, I can only The position is closed.” Regardless of the price difference of less than US$50 per ounce, there is still a drop of about 6%, which will be multiplied several times when leverage is included, which is already quite a lot.

"In fact, cutting meat at the right time is also a clear choice."

Lin Baicheng comforted him, but he was quite speechless in his heart. Iwasaki Mineryu died before dawn.When the price of gold collapsed in a few days, Mineryu Iwasaki had to vomit blood.

If Iwasaki Mineryu's loss this time is US$1 million, then if he doesn't close his position, he can earn at least US$2 million to US$4 million when the price of gold drops sharply.

Claure Rockefeller agreed: "Yes, sometimes we do have to make trade-offs."

"Who said it wasn't."

Later, Lin Baicheng and others chatted about other things, and they talked about the Sino-Ocean Import and Export Trading Company, a joint venture between Lin Baicheng and them, and then Claure Rockefeller said that they would cooperate to start a company together if they had the opportunity.

In this regard, people including Lin Baicheng agreed, saying that there are good projects to cooperate with.

After visiting Phil Smith and others, Lin Baicheng went to see Momoe Yamaguchi and Seiko Matsuda. They said they would come to celebrate Lin Baicheng's birthday. Naturally, Lin Baicheng could not refuse them, and he had no intention of excluding them.

(End of this chapter)