Mixed in 1980

Chapter 137 Qiu Er's Wealth Code

Chen Fan bought at a high price. As long as he doesn't encounter an event like the sudden surge in gold prices in 79, this investment will be safe.

But the initial capital was still too small, only one million Hong Kong dollars, equivalent to 20 US dollars. Even if the gold price dropped another 140 US dollars, the profit would only double to 190 million.

“After delivery, buy again and continue to short gold, still with 10x leverage.”

"Mr. Chen, aren't you worried about the risks?"

Yu Jing roughly calculated that after the delivery, the principal increased to 290 million Hong Kong dollars, equivalent to 58 US dollars. By adding 10 leverage, she could leverage 580 million US dollars in funds.

If you buy gold at this time, at US$600 per ounce, you can hold more gold futures.

But the risks have also increased.

It was originally absolutely safe, but now the position will be closed as long as the gold price rises by 60 US dollars.

"If I was worried about the risks, I would not have used high leverage from the beginning. In comparison, I trust my own judgment more," Chen Fan said confidently.

Li Hongying looked at Chen Fan curiously: "Xiao Fan, tell me about your judgment. Why are you so sure that the price of gold will continue to fall?"

"Because the Americans want to lower the price of gold."

"Uh?"

Everyone was stunned. Xu Jinqiu couldn't help but patted Chen Fan: "Speak properly, the Americans are so overbearing. If they want the price of gold to drop, the price of gold must drop?"

"At present, the Americans are really so overbearing."

Starting from 79, the global economy was in depression, hyperinflation broke out in the West, and the United States suffered from hyperinflation. The dollar was not favored, and speculators rushed to buy gold. Coupled with a series of market speculation, gold soared from US$250 to US$530.

After entering the 80s, the US inflation rate soared to an unprecedented 14.8%. In order to stabilize the US dollar, it announced that it would no longer sell gold. As a result, the price of gold quickly soared to US$850.

In order to solve inflation and maintain the strong position of the US dollar, the Federal Reserve announced an interest rate hike, which once reached 20%, and speculators rushed to buy US dollars.

At the beginning of the year, gold plummeted!

As the bulls exerted their strength, the gold price rose for a while, but it did not last long before it was suppressed and started to fall again.

Chen Fan elaborated: "Just keep an eye on the Federal Reserve. As long as the Federal Reserve does not announce a rate cut, the price of gold will only continue to fall."

"Can we play it this way?" Li Hongying was stunned.

Even though the Li family is wealthy and has a place in Hong Kong, they are all engaged in industry and their understanding of finance has not yet reached this level.

It's hard to even believe this statement.

But Chen Fan's two operations proved that his choice was correct. Li Hongying thought for a while and said to Yu Jing: "Help me buy 500 million Hong Kong dollars to short gold, with a 5x leverage."

"Okay, Mr. Li, please wait a moment. I'll go prepare the documents." Yu Jing stood up and clenched his fists secretly.

Another considerable commission!

Xu Jinqiu sat next to Li Hongying, holding her arm, and said worriedly: "Sister Ying, why are you accompanying Chen Fan in making trouble? Aren't you afraid of losing everything?"

"Don't talk nonsense. What Xiaofan said makes sense. I believe he will succeed again."

Li Hongying patted the girl's hand and said, "Don't worry, I will keep an eye on the futures market. Once the trend is not right, I will close the position and make delivery."

Xu Jinqiu had no choice but to glare at Chen Fan.

Doing futures is just like gambling. You can just play it by yourself, but you have to drag Sister Ying into it.

After a while, Yu Jing came in with a stack of documents, some from Chen Fan and some from Li Hongying. Both of them read them carefully before signing their names.

After dealing with all this, Yu Jing, with a warm smile on her face, escorted the person all the way to the outside of the bank.

Back at the villa in Repulse Bay, the servant brought hot tea, and Chen Fan talked about another matter: "Sister Ying, do you know any publishers in Europe and America?"

"European and American publishers? Are you planning to publish your book abroad?" Li Hongying was surprised.

"I wrote an English novel and planned to test the waters in the British and American markets."

"That's easy. I'll help you make the contact. Many European and American publishers have offices in Hong Kong. The hotel will open tomorrow. I'll arrange for someone to come out the day after tomorrow."

"Then I'll trouble Sister Ying."

"It's all little things."

Li Hongying looked at her watch and said, "After dinner, you should go to bed early. There will be a show of God of Gamblers 2 at : pm. Let's go and join in the fun."

Chen Fan was stunned. Isn’t it going to be released on New Year’s Day?

Tomorrow is New Year’s Day!

After a while, Chen Fan finally reacted and looked at Li Hongying in surprise: "Sister Ying, is this movie showing at midnight?"

"You know about this?" Li Hongying was curious. Chen Fan smiled and said, "I've heard of it, but I've never participated in it. It's a good opportunity to go and see if it's as scary as the legend says."

Li Hongying smiled and said, "Then you won't have a chance to see it. It's been a week. Tonight is the last day of the midnight show. Our movie has a very good reputation."

"What are you talking about?" Xu Jinqiu asked curiously.

"Midnight screenings are previews of movies at midnight. Many movies in Hong Kong are previewed for about a week before their official release. If the audience response is good, we will increase the publicity efforts. If the response is not good, we will quickly take the movie back for revisions or even postpone its release date."

"Isn't that good?" Xu Jinqiu said.

"It's not that simple. The audience at the midnight show are very direct. If they think the movie is good, they will applaud and cheer. If they think it's not good, they will curse it on the spot."

"Especially on the first day, the main creators will be there. If the audience thinks it's a bad movie, they will catch the director and actors and scold them, or even throw things and smash chairs on the stage."

Hearing this, Xu Jinqiu was dumbfounded. Is there such a culture?
But this is the culture here. It was also the case with Wong Kar-wai’s later film “Days of Being Wild”. The audience complained that they couldn’t understand it and cursed the main creators. Investor Alan Tang was almost angry to death on the spot and was sent to the hospital for an IV drip overnight.

There is also the great director Tsui Hark, who is the type who would never dare to go to midnight shows. Once he was carried in, but he finally broke free and ran away. Every time he would wait until no one was scolding him, and then he would secretly go to watch the show the next day.

Midnight shows are the box office touchstone for Hong Kong films, and they are very accurate. Unfortunately, in the late 90s, Hong Kong films declined and the culture of midnight shows disappeared.

At midnight, walking into the cinema, Xu Jinqiu had some understanding of this culture. The audience here was really straightforward.

After the movie ended, many people applauded, but some also cursed it.

As for the movie itself, Xu Jinqiu didn’t have any feelings about it. It wasn’t her type, but the slicked-back hair in God of Gamblers was quite handsome.

He looked at Chen Fan, pushed his hair up into a slicked-back style, and immediately curled his lips in disgust. This hairstyle alone did not look as good as the God of Gamblers.

"Xu Jinqiu, what do you mean?"

Chen Fan pinched the girl's face angrily. They had only been together for a short time and she already dared to look at him with such disdain. What would happen in a few years?

Xu Jinqiu was disappointed and let his hair down, which made him look more handsome than the God of Gamblers.

When they got back home, it was already past two o'clock. They didn't bother to make any noise and just went to bed to fall asleep. The next day, they got up early again and went to Yipintang Fish Restaurant with the Li family.

People started sending flower baskets early in the morning. The entrance must be big enough, otherwise there wouldn't be enough space for so many people.

Chen Fan took a quick look and found that many of the names written on the flower baskets were wealthy people in Hong Kong. This showed that the Li family in Hong Kong was far from as simple as he saw.

At eleven o'clock, the opening ceremony officially began!
It was a huge event, with dragon and lion dances all taking part, plus a few days of trial operation and all kinds of publicity, the business started really well, with the stage full before noon.

Chen Fan has been counting the number of customers. The noon flow of people lasted until about two o'clock before it died down, and the turnover rate was about 2.

There is a larger flow of people during dinner time. Customers start arriving at around five o'clock and continue until nine o'clock, with sporadic customers still coming in.

Throughout the day, the table turnover rate was around 5.5. Although it was the first day of opening, thanks to the early publicity, such a start was still very successful.

As for whether it is possible to retain customers and whether there will be returning customers, it all depends on the dishes. Chen Fan is not worried about this, as pickled fish fillet is a dish that has been proven in later generations and there are no competing products during this period.

By the time other restaurants developed similar products, Yipintang had already secured its reputation, and the new dishes it had introduced were enough to stabilize the store.

"Sister Ying, congratulations, great fortune!"

"Same joy, same joy!"

After a busy day, Li Hongying still has a smile on her face. Today she is at the cashier counter. Every time a customer comes to pay, she asks the customer whether he or she is satisfied with the dishes.

The answers are basically positive.

Many customers also said that the way to eat fish fillets was very novel and they said they would come again.

With feedback like this, this store is stable!
One store is not enough to make Li Hongying happy, but success can be replicated. By opening ten or eight stores in Hong Kong and then dozens of stores on the island, a chain brand will be created.

"Two bosses, let's go home!"

Xu Jinqiu came over yawning. She had also been busy all day. When there were too many customers, she would run to help serve the dishes and ran until she was out of breath.

Li Hongying smiled and told the driver to send Chen Fan and Xu Jinqiu back first. She would stay and make a summary with the employees.

After returning to the room, Xu Jinqiu took a shower first. After coming out, she picked up a copy of "Hong Kong Magazine" and started flipping through it: "Chen Fan, go take a shower quickly. After you're done, give me a massage. My back hurts."

Chen Fan hummed, and quickly came out of the shower. The girl sat cross-legged on the bed, flipping through a magazine: "Please massage my shoulders first."

Chen Fan went over and pressed her a few times. The little girl murmured in comfort, which made him very excited and his hands unconsciously reached forward.

The little girl's body suddenly trembled.

Before Chen Fan could react, the girl suddenly turned around, hugged Chen Fan, and kissed him hard on the lips.

Chen Fan was about to respond, but the girl stepped back with a look of surprise on her face: "Chen Fan, we are rich. We really made a lot of money this time."

Chen Fan was in a state of confusion!
Xu Jinqiu, however, acted as if she hadn't noticed. She picked up the magazine and turned to the page she had just read: "Take a closer look. Haha... I really got something this time."

PS: The first update is here~ Thank you for voting for me~
(End of this chapter)