Chapter 248 Financial Monster
Across the ocean, Chicago.

After Porter finished his last call, he slumped down in his chair.

"It's over. They're all sold."

"There's nothing left in my hand."

"Our bonus ends here!"

This afternoon, the price of silver had risen to $38.5, and they finally cleared the last contract in their hands.

On the other side, James put down the phone and asked about New York.

In the beginning, they only purchased in Chicago. After all, the Chicago Exchange could easily handle 800 contracts for one million US dollars.

But later, with the entry of the Hunt brothers and the large order of 40 million ounces, the contract became less easy to buy.

So they went to the New York Stock Exchange to make purchases in addition to the Chicago Stock Exchange.

And now, all the contracts have finally been issued.

"It's all sold, so there's no need to worry about it. It's good to have the money in our pockets. Our bonuses will definitely be paid out soon."

"We have been busy for a year. We will start our vacation from today and wait for the boss to give us our bonuses. Then we can buy a house and go on vacation."

"A wonderful life is waiting for you!"

After a few days of adjustment, James' mentality has gradually stabilized.

It’s better to sell it. At least you don’t have to worry about the price collapsing every day like on a roller coaster.

Such a large sum of money also means that they will get their bonuses.

This wave of bonuses is definitely over 10 million US dollars, and each of them will get a starting amount of 1 million US dollars.

Make a lot of money!
Meanwhile, Hong Kong Island at night.

When Wells received a call from the bank informing him that all the funds had safely flowed to London, he finally breathed a sigh of relief.

Then he picked up the table he had compiled himself, and a look of shock appeared in his eyes.

Li Changhe initially invested a total of one million US dollars in the silver market and initially purchased 800 contracts.

Later, after the price of silver rose, he changed hands and sold these 800 contracts, making a profit of about 18 million US dollars.

Then, using this money, Li Changhe instructed the team to increase acquisitions. In the end, the total number of acquisition contracts for the entire team reached 3750.

The average purchase price of these silver futures contracts was US$11.5, while the average selling price was around US$37.7.

The unit price spread is $26.2, and each contract is 5000 ounces of silver.

So the profit for one contract is $131.000.

The total profit from 3750 contracts was $491.250.000.

Of course, this is just the numerical profit, and we also have to deduct handling fees, management fees, team bonuses and other expenses.

But these can only be reduced to a small amount at most.

So in actual calculation, Li Changhe's income is still 4.9 million US dollars!
4.9 million US dollars. The current exchange rate of Hong Kong dollars to US dollars is around 5.6, which means it is a total of 27.44 billion Hong Kong dollars.

(I didn’t find the data from the Monetary Authority before, so the exchange rate I wrote before was inaccurate. This time it should be accurate!)
With so much money, he is considered one of the richest people even in Hong Kong Island.

In addition to this, there is another piece of paper recording Bao Yugang’s income.

At Li Changhe's reminder, Bao Yugang also transferred in five million US dollars later, but his funds came in much slower than Li Changhe's, so he only got 1250 contracts in the end.

And because he bought in later, the price was much higher. However, even so, Bao Yugang's final total profit was 1.5 million US dollars.

The total amount is more than 800 million Hong Kong dollars, close to 900 million.

This amazing profit is beyond imagination!
So if you calculate it, Li Changhe only took one year to gain nearly 3 billion in wealth.

This can no longer be called a financial genius, this is simply a financial monster.

Afterwards, Wells came to Bao Yugang's office with the income statement.

"Mr. Bao!"

"You're here. Have all the contracts in the United States been sold?"

Bao Yugang asked Wei Ersi with a smile.

Although he didn't know the exact amount, he knew he must have made a lot of money this time.

Bao Yugang did not expect that Li Changhe's judgment in the Capital Hotel was so accurate that it really helped him grasp the wicked silver market.

Who could have thought that there would be such a crazy family in the world that could challenge all the short sellers in the world on its own and succeed.

Of course, what is even more terrifying is that their thinking was actually captured by a college student who was new to finance and was thousands of miles away, just based on a few outdated financial magazines.

Sure enough, there are both geniuses and evildoers in the world.

"Mr. Bao, all the money has been transferred to London. The funds from Changhe have already started to be invested in the gold market. But what about your share?"

"Let's put it all in. Since we've already taken a chance once, we might as well take a second chance with him."

"Xiao Wei, the London gold market is different from the silver futures market. It runs parallel to the gold market in Hong Kong Island, so you have to watch it yourself this time."

The operating team of the London gold market is not the same as the silver team in the United States. This time they are looking for an investment bank.

Because the trading rules of the London gold market are dominated by the five major banks, the leader of which is Rothschild Bank.

Of course, this is just a transliteration. In the future, it will have a more famous name in China.

Rothschild!
Yes, the now famous London gold market is actually controlled by banks headed by the Rothschild family.

There is no trading hall in the London Gold Market. The daily price quotes are located in the headquarters office of Rothschild Bank, so this office is also called the Gold House!
At 10:30 a.m. and 3:00 p.m. every day, Rothschild Bank quotes prices based on the actual gold situation in South Africa. The other four major gold traders check the prices, compare the shipment and purchase quantities in their hands, and then decide on a unified price.

Once the price is determined, all major banks and gold sales companies will be notified by phone.

Then customers who want to buy can go to major gold sales outlets to purchase contracts.

The advantage of this type of transaction is that it can be dispersed. Huge capital purchases like Li Changhe's can be dispersed to purchase contracts in many banks. Moreover, these banks are not subordinate to each other and the transaction information is kept confidential.

After all, these days, those who can buy and sell large amounts of gold are not ordinary forces. They are either the family investment institutions of super-rich people or national financial institutions.

Only people of this level have the ability to spend huge amounts of money to purchase in large quantities, not to mention small retail investors.

Therefore, the trading rules and systems of the London gold market are actually a disguised form of information protection for these traders.

This is also the reason why Li Changhe decided to launder the money in London.

Through this trading model, funds can be quickly dispersed and flowed back to Hong Kong Island, and can even be sold directly in Hong Kong Island using gold contracts.

In fact, until the future, the financial city of London will continue to be the global underground money laundering center.

"Okay, Mr. Bao, I'll be in charge this time!"

"By the way, remember to send a telegram to Changhe and briefly explain it."

Bao Yugang reminded Wei Ersi.

Weiers nodded: "Don't worry, I'm still sending it here."

After Wei Er Si left, Bao Yugang breathed a sigh of relief and then a smile appeared on his face.

In any case, with the 1.5 million US dollars that Li Changhe helped him earn, Bao Yugang was more confident in facing the stock acquisition battle of Hutchison Whampoa.

Early in the morning, Li Changhe got up from home and went to the door first, taking out newspapers and telegrams from the mailbox.

This time there was only one telegram, but it contained quite a lot of words.

Li Changhe took a quick look and found that Weiers only sent him the key data.

In other words, his profit from silver futures this time was 4.9 million US dollars, a figure that still exceeded Li Changhe's calculation.

It seems that the team Mr. Bao found is quite capable and helped him buy more contracts than he expected.

Moreover, the money has begun to be transferred to the London gold market in accordance with Li Changhe's instructions.

In that case, Li Changhe didn't bother to care anymore.

Currently the London gold market is still trading spot gold, so after buying it, it doesn’t matter whether the price goes up or down, and Li Changhe does not face a leverage crisis.

He just needs to wait until the price of gold rises to more than $800 and then sell it.

By then, Li Changhe will not have to worry about not being able to sell it, because he remembers very clearly that the final surge in gold prices was fueled by the United States.

Because the United States announced the next year, that is, at the beginning of 1980, that the Treasury Department would no longer sell gold.

As the core of the Bretton Woods system, the amount of gold held by the United States plays a vital role in the world.

This caused a surge in gold prices, and the number of customers seeking to buy gold in the market also increased dramatically.

Therefore, in the gold market, Li Changhe can sell near the highest point because there will be many institutions willing to take over.

As for whether the price goes up or down, it is not a big deal for those loss-making institutions.

After all, the gold market is not the silver market. The silver market is only so big. Li Changhe's profits came from following the Hunt brothers' manipulation of the market for speculative profit.

If the United States really wants to frame you for this kind of profit, it is not impossible. They can arrest you for market manipulation.

This is also one of the reasons why Li Changhe ran away in a hurry. The market is too small, and he, a fish rolling in the wind and waves, cannot be too conspicuous.

But it doesn’t matter in the gold market, as all the investors are big institutions. They have good vision when they make money and accept losses when they lose. Anyway, gold maintains its value and you won’t lose money by holding it.

After dropping the telegram, Li Changhe rode his bicycle to school.

I have been planning this big event for nearly two years since my rebirth, and now it has finally come to an end.

This huge harvest was worth his hard work in studying for the entrance exam to Peking University.

I made these dumplings just for this little bit of vinegar.

Director Liao has not responded to the business plan he submitted, so Li Changhe is not in a hurry.

Anyway, this is a plan that will be implemented next year, so there is no rush to implement it now. I guess it will definitely need to be discussed by the higher-ups.

However, Li Changhe remembered the meeting with Pierre Cardin at the weekend.

No matter what, Lao Pika is still very useful!

(No more!)

　Thanks to Lazar, Angelov, Aaron Sama, book friend 20240510122123544 Wuhuaguo M, anxious snail and other big guys for their rewards. I bow to express my gratitude!

　　
　
(End of this chapter)