Reborn as a tycoon in Hong Kong

On November 11th, Lin Baicheng was in his villa in Beverly Hills.

Lin Baicheng, Isabella, Vivien Kelly and Haruko Maori gathered in the study.

Haruko Mouri came to the United States on the 8th. After coming, she was sent by Lin Baicheng to register and form an offshore company with Vivien Kelly. One company was within another company. Although it cost a lot of money, in the end the offshore company was established. It becomes quite secretive, and it is not easy to find the true owner of an offshore company.

"BOSS, the price of gold has fallen below US$210 per ounce again this time."

Lin Baicheng knew why Isabella said this, because just a few trading days ago, the price of gold fell below US$210 per ounce, and Lin Baicheng asked funds from Goldman Sachs and Mitsubishi to enter the market and go long.

Vivien Kelly's view at the time was that since the price of gold fell sharply from the price of 246 US dollars per ounce, and lost more than a month's increase in just one week, the power of the short side was quite strong, and the price of 210 US dollars per ounce would definitely not be this wave. The low point of the decline is not a good time to buy, so you can wait.

But what Lin Baicheng thinks is that since the price of gold has fallen to his psychological price, if he is bullish on the price of gold in the long term and does not know what the price of gold will do in the short term, he can buy it around US$210 per ounce.

If Haruko Maori hadn't come to Los Angeles and the offshore company hadn't been established at that time, Lin Baicheng would have used all the funds he planned to use to buy gold futures.

Nonetheless, Goldman Sachs’ financing of US$100 million with a principal amount of US$1 billion, and Mitsubishi’s financing of US$100 million with a principal amount of US$500 million, both completed the purchase. Among them, the average buying price from Goldman Sachs is 211.6 US dollars per ounce, and the average buying price from Mitsubishi is 211.3 US dollars per ounce.

Then, the day after the purchase, the gold price rose by up to four points, almost touching the price of 220 US dollars per ounce. Fortunately, the gold price stabilized that day, and then the gold price fluctuated around 218 US dollars per ounce.

If you look at it at this time, Lin Baicheng's long gold futures purchase was correct. He made more than three points in one fell swoop. Judging from the US$1.5 billion in financing, he made almost US$50 million.

Unfortunately, the price of gold fluctuated around US$218/ounce for one day. Another day later, the price of gold fell sharply, falling back to around US$210/ounce. Then it fell slightly yesterday, and now it is fluctuating around US$208/ounce.

If we calculate it now, Lin Baicheng not only did not make any profit from his long position in gold futures, but actually lost money because he bought too high.

Originally, Lin Baicheng from Bailong Commercial Co., Ltd. was planning to buy it at around US$210/ounce. However, when two assistants, Wataru Sato and Nanako Chiba, were discussing the financing amount and interest with Mitsubishi Bank, the gold price soared to US$218/ounce. Near ounces, the subsequent financing of US$300 million was negotiated. Lin Baicheng thought to wait and see, and then the price of gold fluctuated for a day and then fell sharply. Fortunately, there was no buying at that time.

"BOSS, the price of gold may rebound in the short term due to the repeated resistance of the bulls, but overall the bears are still strong, and it is very likely to test the price of US$200 per ounce in the future. And if this price still cannot be supported, , there will be room for gold prices to fall in the future.”

Vivien Kelly said her judgment again. She almost said the same thing last time, but Lin Baicheng didn't listen to her.

"Well, let's wait and see if the price of gold will continue to fall."

Lin Baicheng decided to follow the professional judgment of Vivien Kelly this time. After all, it would be better to buy long gold futures at a lower cost. The lower the cost, the more he would earn.

"However, once the gold price drops to around 200 US dollars per ounce, there is no need to observe it anymore. No matter how the gold price will go in the future, you can buy long futures at this price, and the more it falls, the more you buy, and all the funds are completed. of buy.”

Lin Baicheng's mind is quite clear. After all, Vivien Kelly is not him, and he doesn't know how strong the gold price will be next year. Therefore, when the price of gold reaches around US$200/ounce, there is no need to hesitate anymore. If the price of gold suddenly rebounds vigorously, but his funds have not yet established a position, it will be a huge loss.

"Yes, BOSS!"

Vivien Kelly nodded when she heard this. Lin Baicheng was the boss after all. When the boss was resolute, the boss's will must prevail.

"The total funds to be operated this time are 5 billion U.S. dollars. According to what I said, finance through banks in the United States, Britain, Japan, Switzerland and other countries, then go long, and hold futures orders covertly. Don't be discovered by others. The funds belong to the same person.”

Lin Baicheng warned that this time he was going to invest US$700 million in principal to go long on gold futures and raise US$5 billion through banks in various countries, which is equivalent to using a leverage of a little more than 7 times.

Of the US$700 million in principal, Lin Baicheng had asked Cheng Yufeng to negotiate with Standard Chartered Bank on his behalf for the US$100 million originally placed in Standard Chartered Bank. For the subsequent four-month financing of US$500 million, Lin Baicheng would pay US$7 million in compensation. The loan was terminated peacefully at the cost of liquidated damages and the financing was completed. Lin Baicheng's principal of US$100 million could be transferred away at any time.

The US$100 million here, plus the remaining US$600 million of the US$800 million that Lin Baicheng transferred to Standard Chartered and HSBC a few days ago, add up to US$700 million. This money will be transferred to Swiss Bank first, and then Go to banks in various countries for financing through Swiss banks.

As a result, only a little over 500 million US dollars are left among the funds that were profited from long gold futures not long ago. Standard Chartered Bank has $65 million, Mitsubishi Bank has $73.6 million, and Goldman Sachs has $392 million.

Among them, a lot of the funds saved by Goldman Sachs will be used for acquisitions, and it is still unclear how much will be left.

Vivien Kelly responded: "Don't worry, Boss, I've written all of this down, and we'll be careful in our operations."

"Very good! After the gold futures position is completed, I will give you another 100 million US dollars. The investment direction of this 100 million US dollars is up to you, Vivian, to judge for yourself. After you determine the investment direction, apply to me. Usually I will not object. , unless I am really not optimistic about your investment direction."

Lin Baicheng promised Vivien Kelly to give her and the team a fund of US$100 million for their operation. He was looking forward to the future performance of Vivien Kelly and the team.

"Thank you BOSS, we will not let you down and will definitely bring you generous rewards."

Vivien Kelly immediately said that she values ​​​​more the funds that can be operated by her and her team. After all, the profits earned through these funds can show their abilities.

Take long gold futures as an example. Whether they make money or lose money, all Vivien Kelly and others can do is try to sell at a low price and try to sell at a high price when selling. Whether the overall profit or loss is a loss has nothing to do with them, because This is an investment that Lin Baicheng personally decided to make, not their judgment.