Manhattan Reborn 1978
Chapter 251 At Old Malkin’s House (2)
Old Malkin's house, in the study on the second floor.
David and Polly interacted playfully, causing the three onlookers to frown.
"cough~"
Old David cleared his throat and said to his son: "You just talked about the first step, what about the rest? Go on."
"Good~"
David glanced around at a few people and continued to talk about business.
"I just said the first step is to buy spot gold."
"Now let me talk about the second step, which is to mortgage spot gold, get a loan, and buy spot crude oil."
"I have just mentioned some of the reasons for buying spot crude oil. Do you have any questions about this?"
The four people in the study all raised their hands in an instant.
David looked back and forth, and Malkin was the first to speak: "We all know the spot gold, they are just gold bars and gold bricks."
"But this crude oil spot is... what? A barrel of crude oil?"
"That's right, it's just barrels of crude oil! Haha~"
amount. .
Malkin Sr. adjusted his glasses. .
David held back his laughter: "I actually know an interesting anecdote about this question."
“Actually, barrels are used as a unit of measurement for crude oil because the original discoverers of oil discovered when loading oil that wine barrels were used as containers, which was the most recognized unit of measurement by investors and buyers in the market.”
"So this saying slowly continued to be used until today."
"The barrel of crude oil we're talking about is about 42 gallons, which is about 159 liters."
"And we want to buy spot crude oil."
"It refers to a transaction in which the buyer and the seller agree to deliver and receive a certain amount of crude oil at one time in the near future at a certain price and other conditions."
"In other words, if we buy spot crude oil, we can actually see barrels of genuine crude oil stored in our designated warehouse."
"It can be used as an actual holding of the same value as gold and can be bought, sold, mortgaged, debt repaid, etc."
"If gold is the most valuable precious metal in the international market currency system, it is generally recognized as the most valuable precious metal."
"Petroleum is the blood of the world's industrial system and energy system. It is an indispensable and non-renewable resource in our daily lives and industrial development."
"Iran, as one of the major crude oil exporters among OPEC members, has become increasingly unstable in the past year or so, which has begun to affect their country's crude oil extraction and exports."
"Coupled with the over-issuance of the rice dollar, the upward fluctuation of gold prices, and the demand for crude oil in the international market, it continues to grow every year and other factors."
"Even if my forecast of the situation in Iran deviates in some time or degree of damage, our purchase of spot crude oil will be a sure profit without loss."
Several people in the study nodded to indicate they understood.
Old David asked a question of his own: "Crude oil spot, it... also has a shelf life, right?
"That's right, about three years."
"But according to my plan, we will not hold these spot stocks for three years."
"Its price, according to my prediction, will rise to the highest value peak in recent years in one to one and a half years."
"A year and a half...that's 1980?"
"Yes, around the beginning of 1980, I will sell all the spot crude oil and spot gold I purchased."
"I just said we want to invest in gold and crude oil."
"Both of these investment plans can be expected to be profitable in the future."
"The next third step is the reason why I asked everyone to come and sit together today."
"The third step is that I plan to continue to mortgage the purchased crude oil spot to buy some silver futures again."
"Here, I need to tell you some differences between futures and spot."
"First of all, the direct objects of their purchases are different. The object of spot trading is the commodity itself, while the direct object of futures trading is the futures contract."
"The difference in trading methods: half of spot trading is one-to-one negotiation of diced contracts, while futures trading is a bidding transaction in an open and fair competitive manner. The unit of each futures transaction is one lot, which is the minimum unit."
“Differences in trading venues: Spot trading is generally not restricted by trading time, location, or objects, while futures trading must be open and centralized, and over-the-counter transactions are not allowed.”
"The difference in settlement methods: spot trading is based on live payment, while futures trading implements a daily debt-free settlement system, and the settlement price is calculated based on the weighted average of the transaction price."
"Based on the above points, I would say that spot trading of gold and crude oil is very different from futures trading of silver."
"The third step of my plan, buying silver futures, can actually be changed to reduce the risk and become more stable by buying silver spot, so that we don't have to bear it ourselves, because the silver market price fluctuates every trading day. , and the risks and expenses incurred.”
After David finished speaking, he looked at his father, David Sr.
Old David did not speak and looked at old Malkin who had been writing and drawing behind the desk.
After a while.
Old Malkin stopped the pen in his hand, raised his hand and rubbed his forehead and said with a smile: "David, you kid, every time you bring everyone together to my house to discuss things, it is always such a nerve-wracking thing~"
"I have no problem with the gold and crude oil you just mentioned."
"As for this silver..."
David nodded, knowing that Old Malkin understood what he meant: "Yes, whether it is gold spot or crude oil spot, we can resell and liquidate them at any time."
"But if you hold the spot silver in your hands, regardless of the time of sale or the selection of the person who will take over, it will take more time to proceed."
"Because there's a lot of information about the silver market that I haven't collected yet,"
"So, my initial plan was to use half of the funds pledged by crude oil spot to buy silver futures, and hold the other half to cope with possible price fluctuations in the silver market."
After David finished speaking, Old Malkin nodded, thought for a while and said: "You mean, futures trading is far more risky than spot trading?"
"That's right!"
"Then the silver futures you mentioned were bought last, just to get the maximum profit with the minimum amount?"
"Uh...yes!" David's eyes became brighter unconsciously.
"Then...you see how I understand the futures market, right?"
"It's like an open, fair bet."
"Every contract we buy is a bargaining chip."
"We can buy the rise and fall of silver futures. If we buy the wrong one, the chips will be taken away and we will lose completely."
"Yes!"
"The chips in your metaphor are the trading units in the futures market."
"The minimum trading unit in the silver futures market is now: one lot, which is 5000 ounces of silver."
"If its actual value is calculated based on 5 meters per ounce of silver, each silver futures contract is 25000 meters."
"As I said just now, futures trading requires bidding. Now all precious metal exchanges in the United States execute each futures contract and require a certain amount of margin for the overall value of the contract."
"Now the margin for each lot of silver futures contracts is only 1000 yuan."
"1000? 25000 meters of silver. You only need this little money as a deposit?"
"Haha~ Yes, that's why I say that its risk is much higher than that of spot trading. As long as the price of silver fluctuates significantly downward, we need to increase the margin to keep the futures contract."
David nodded slowly and continued with a reluctant smile.
"Suppose we have 2 yuan in hand, buy five lots of silver contracts, and use [-] yuan as margin, then the remaining [-] yuan can be used as an insurance to resist the silver market price fluctuations.”
Old Malkin nodded: "Leave yourself some room, I understand!"
He shook his head and smiled: "But if we have [-] yuan and only buy [-] yuan, the price of silver will rise, and our final income will be halved, right?"
"Uh...yes!"
"However, the information I have collected now is not complete. My opinion is still to purchase a small amount of silver spot first and observe the market price trend."
"If, as I predict, the silver market price starts to rise, it will still be too late for us to buy some more silver futures contracts by then."
"After all, our current plan still takes stable investment as the first goal."
"As for the silver futures market, if my prediction is not wrong, it may become a battlefield for all futures traders in the United States in the next one to two years."
"Battlefield? You mean...someone wants to enter this gambling game to take the bank?"
David nodded to Malkin with a serious expression: "Yes, this is a super big layout!"
"In this situation, every fluctuation, rise and fall of silver prices has the interests of countless people involved."
"This year, it's almost time to reveal the final answer."
"When those people who intend to take control of the silver market start taking action, it will plunge the entire world's silver market into a war without gunpowder!"
Old Malkin took off his glasses, played with them in his hands and said, "So according to your original plan, if you buy silver futures, what is its current price? You... have an idea of its future price. expectations?"
Before David could speak, Old David stood up and said, "I have no objection to investing in gold and crude oil that David just said, but investing in silver futures... is too risky!"
"Old Malkin, you haven't fully understood what it will bring to our money!"
"What did you bring? At the most, you'll lose everything. What else can you bring?"
"But... David himself said that some key information has not been collected completely..."
"Haha, old man~ Have you forgotten the first two steps of your plan?"
"According to David's plan, we need to first raise an investment fund, then buy gold as collateral, buy crude oil, and then mortgage again to buy silver futures."
"Even if we can come up with the money tomorrow, it will take a certain amount of time to complete the first two steps of the plan."
"Besides, judging from David's analysis just now, it is inevitable that the prices of gold and crude oil will rise. If we can buy them early, we can already get some profits."
"Even if we lose all our money on silver futures in the last step, we can still recover our losses on gold and crude oil."
"That's what he mentioned a few times about sound investing, right David?"
"..Yes~"
David pursed his lips and nodded.
"David, are you prepared for the financial aspects of the first two steps of the plan?"
"Have!"
David took a deep breath, glanced at his father who shook his head and sat down helplessly, and said, "I have calculated the source of our investment funds myself."
"Our company will apply for a loan from Morgan Bank for future development. Pine already gave a suggestion on this matter last time."
"He said that if the angel investment fund can start to receive investment and develop some projects, Morgan Bank will provide our company with a very high loan amount."
"As for the angel fund, I have already talked with Ben Likert. He will speed up this work and let investment funds enter the angel investment project pool as soon as possible to complete the first investment."
Old Malkin nodded: "Do you have an approximate amount that can be borrowed from the bank?"
"1000 million yuan!"
"Oh? Haha~ Our big company, can we borrow so much money from the bank?"
Seeing that her father was in a good mood, Polly smiled and said, "Yes, Andy helped us do some rough calculations during the last meeting on the fourth floor of Stanley. 1000 million yuan should be no problem."
Old Malkin nodded with a smile, leaned back, found a more comfortable position for himself, glanced at Old David, who was no longer speaking, and said in a cheerful voice.
"Go on, David!"
"it is good!"
"Of the 1000 million yuan, I will leave 300 million yuan for the company for subsequent development."
"The remaining 700 million yuan will be bought in gold and then mortgaged to get about 500 million yuan to buy crude oil."
"After mortgaging the crude oil, I spent 250 million yuan to buy silver."
"Large, medium, small?"
"Looking at it this way, if we lose all our money on silver futures, it doesn't seem to affect the development of our company."
"Then do you have an expected value for the returns from gold and crude oil?"
"..have."
David looked through his notebook, thought for a while and said: "The minimum return I estimate, the overall rise in gold and crude oil, will double the return on our investment."
"That is to say...excluding silver, if we invest 700 million yuan, we can get back 2400 million yuan after more than a year?"
David did a quick calculation in his mind, "Yes, that's right!"
"Haha~ Then what are we waiting for?"
"Start your investment plan as soon as possible, David!"
"Of course, we have to buy silver. Even if your prediction does not come true, we will lose some profits at most, but we can make more and bigger profits. This transaction is a profit no matter how you calculate it!"
"Why don't we do it?"
"Haha~"
"By the way David, you can mortgage the building I gave you a while ago, get a loan, and invest in this plan."
"Ludy, don't you still have some real estate? Get a mortgage on it!"
“If you miss David’s investment plan, you will regret it in the future!”
"Good~"
Lu Di smiled and nodded in agreement, and began to think about how much wealth he still had. .
David looked at his father and made some decisions in his mind.
"Okay~ David, have you finished what you want to say?"
David hesitated for a moment, frowned and nodded: "Yes...it's over!"
"Okay~ Let's do this for today~"
"When you arrange the loan from da company and start executing the plan, tell me and I will invest as well."
"Dad?" Polly shouted with some worry on her face.
"Haha~ Don't worry, I still have some money on hand that I originally wanted to leave to you children. Now I can use it to make a profitable investment. Isn't this the greatest good thing?"
"Haha~"
David didn't smile. He lowered his head and sorted out the notebook in front of him and said, "As long as it's investment, there will be..."
"There will be winners and losers?"
"Do you still need to tell me this kind of nonsense, kid?"
"Haha~"
"Your investment plan has been completed completely. Are you still worried about your prediction now?"
"..No!"
"Isn't that enough?"
"David, go ahead and follow your plan~"
"This must be the first time you've told anyone about this plan today, right?"
"Yes.."
"Then since you choose to believe us, of course we will choose to believe you, right, old man!"
David Sr. didn't answer. He and Malkin Sr. looked at each other, trying to make the old man understand that he hadn't given up his worries yet.
After decades of interaction between the two, Malkin Sr. knew the character of David Sr. very well.
He walked up to Old David, patted his hand and said, "Don't worry~ He will definitely do it well!"
Old David still shook his head silently and said nothing.
"Okay~ It's getting late~ Do you plan to stay at David's place for one night, or go home directly?"
Old David hesitated and sighed: "Go home!"
"Okay~ Ludy! Find someone..."
"No, let Black Mike take me back."
"Then...Okay! After we go back, remember to help Sena and I bring a greeting to Sera."
"Um.."
Old David tidied up his notebook, glanced at his son, nodded with the people in the study, turned around, opened the door, and went downstairs.
David stood there, watching his father leave, and couldn't help but let out a sigh of relief.
He organized the notebooks and put them all into a big bag.
"Then... I'll go back first~ I'll let Polly tell you if there's any latest progress!"
"Ok~ You go first!"
"Ludy, stay here for a moment!"
Old Malkin saw the inquiring look Polly looked over at this time, shook his head, pretended not to see it and turned back behind the desk, looking through the records he had just made, trying to digest them piece by piece.
Polly saw that her father had left her alone. .
She winked at Ludy who was looking over, walked out of the study in a few steps, and chased David downstairs. .
Ludy walked to the door of the study, looked at Polly's disappearing back, sighed, and closed the door again.
He walked to where David was and sat down, waiting for Old Malkin to read the record.
The first floor of the old Malkin house.
When David came down, Black Mike had already gone out to drive, and Sena was walking outside with old David.
Suddenly, he felt as if a gust of wind was blowing behind him.
David looked back and saw Polly running towards him and giving David a hug.
"Um...we are at home...don't..."
Polly tilted her head slightly, glanced at her sister Manqi in the living room, smiled and whispered in David's arms: "Don't worry, your life will not change in any way because of me."
David was silent. .
He raised his left hand that was not carrying the bag and patted Polly's back gently: "With you here, how come things haven't changed?"
"Hehe~"
Polly leaned back, looked at the big boy David in front of her with a smile, and kissed him quickly on the lips: "Be careful on the way back, we'll see you at the company tomorrow!"
"it is good!"
David nodded stiffly, watching Polly let go of him, taking his arm, and the two of them walked out the door under Manqi's strange eyes. .
outside the house.
Polly let go of David's arm and motioned for him to say goodbye to old David who was already sitting in the passenger seat of the car.
David glanced in the direction of Old David and nodded to Polly: "I'm leaving~"
Then he ran over in stride.
Beside the car, Black Mike took his foot off the accelerator when he saw David running over.
Old David looked at his son running over, sighed and said to him: "Forget it, there's no need to send it off~ You don't need to call me after I go back~"
He paused and waved his hand to stop his son who wanted to say something: "Since today's plan has been decided, you should do it well!"
"In a few days, when you are done with your busy schedule, come home during Thanksgiving!"
"it is good!"
David nodded in a low voice, and together with Sena, watched Black Mike's car slowly disappear around the corner of the street.
Mike Bai, who was also standing next to the car not far away on the street, rubbed his nose when he saw old David and the others leaving. He glanced at Polly who turned to go home, and then looked at David who was stroking his head. He didn't know what to say. What Sena.
He turned around and allowed himself to become a passerby, no longer looking at these messy things. .
After a few minutes.
Sena went back.
David stood on the side of the street with a bag, looking up at the starry night sky. He felt a pressure that he had never encountered before, and now he felt the weight on his shoulders.
After taking a few deep breaths.
David walked towards Mike Bai and said hello to him. The two got in the car and set off in the direction of his apartment.
----
The old Malkin family.
Sena, Polly, and Manqi settled the children separately and put them to sleep.
Then the three of them gathered in Polly's bedroom on the third floor, closed the door, and started a conversation between mother and daughter.
In the library on the second floor.
Old Malkin nodded slightly, took off his glasses, rubbed his dry eyes with his hands, and said, "Tell me~"
Ludy, who was sitting opposite him, heard what he said and scratched his head: "What did you say? David's plan?"
"Well, tell me what you think?"
"Um...didn't you just say that? His investment plan is very good!"
"nonsense!"
"That's what I said, now I want to hear what you have to say!"
Emm. .
Ludy leaned forward and glanced at the notebook on old Malkin's desk: "Did you... see the problem in David's plan?"
"..No~"
Old Malkin raised his head, closed his eyes, and shook his head.
"Then I have nothing to say~" Lu Di said, spreading his hands.
"Um.."
"~Huu~"
Old Malkin let out a sigh of relief.
"Old David came to New York today and went to see David first. After the father and son came in together, I felt that something was not right about this old guy's mood today."
"Do you know why?"
"Um...because of the risk?"
"Hush~huh~"
"Yes, risk!"
"But... of all the businesses and investments we have made in the past, which one is not riskier than David's plan?"
"Is the risk of making some financial investments greater than the risk of opening an underground casino?"
"That's true.."
"Old David won't keep his face like this tonight just because of some risks!"
"What's that for?"
"David!"
"David? What's wrong with him?"
"He... is too young! Old David is afraid that his son will become arrogant because his career has developed too smoothly during this period! He has forgotten some of the awe he should have!"
"Tonight, he used this method to teach David a lesson!"
"is that so?"
Ludy's eyes widened slightly, he took out his cigarette and handed one to old Malkin, lighting it.
"Hoo~" Old Malkin exhaled a cloud of smoke.
"I plan to talk to people in the family about this investment plan. If they are willing to take the risk, do you think David... will accept this investment?"
"Well... it should be possible, right? I can go talk to him!"
"Well... don't rush this matter now, it's still early! Let me take a look and have a good chat with my cousins!"
"Good~!"
"Okay~ You can go too~ I need to go to bed early for today's things..."
"Okay~ I'm leaving first!" Lu Di stood up, picked up his notebook, and walked out of the study with a cigarette between his legs.
----
In David's apartment.
He put down the bag and went into the bathroom to wash his hair with cold water to make his mind feel better.
After a few minutes.
He walked out of the bathroom, walked into the bedroom, glanced at Susan, who was already sleeping, and lay down on the bed, staring at the ceiling with wide eyes, thinking about what old David said.
----
Atlanta, Georgia.
Baugh Beru, the new director of the Florida DEA, got out of the taxi, walked into the hotel, and got a room.
More than half an hour later, after taking a shower, he walked to the bedside, picked up the phone, hesitated, and dialed.
"Beep~beep~beep~"
A blind tone came out of the microphone, but it was not connected.
Bog Beru waved the microphone angrily: "fxxx!"
Today he had a face-to-face conversation with Pine on the plane as he wished. .
But the result disappointed him.
In his words, Pine expressed that he had no interest in continuing to support his upward development within DEA.
This transfer is just that. .One transaction!
He got the position of DA Florida director and needed to help the soldiers of DA security company who were performing tasks in Miami to deal with the increasingly arrogant drug lords and teach them a painful lesson.
"fxxx! fxxx! fxxx!"
Bog Beru kept spouting curse words, and he no longer had any expectations for his so-called future. .
He found a cigarette in his coat pocket, bit the filter, and lit it.
After a few minutes.
After finally calming down, he began to silently think about things in Miami.
In this transaction, he already got what he wanted.
In Miami, he must give an attitude of fulfilling the deal.
"Cohen!"
Baog Beru whispered the name in his mouth, and the prototype of a plan began to slowly form in his heart.
----
Northeastern United States, Massachusetts, Boston.
In the suburbs, in the Morgan family manor.
Accompanied by the old housekeeper, the old Morgan couple watched a videotape that had just been sent from New York.
The contents of this tape made the three of them very interested at first, but later on, they all became a little silent.
After a while.
After the tape was put on, Old Morgan's brows slowly began to wrinkle on his calm face.
He turned to look at his wife Nariya who wanted to say something, waved to her, and said to the old housekeeper: "I will shorten my work schedule tomorrow and the day after tomorrow. We will go to New York the day after tomorrow."
"Okay, sir!"
Old Morgan paused and continued: "Notify Seamus Norton tomorrow and ask him to go to New York and we will meet there."
"Good sir!"
The old butler stood straight and bowed slightly forward: "Then... do I need to tell Panaris and Elder?"
"No~ I have to go see David first!"
"Good sir!"
"Okay~ let's go rest first!" Old Morgan gently held his wife's hand, and the two of them disappeared at the top of the stairs not far away.
The old housekeeper stood there and glanced at the TV set which was already covered with snowflakes. The corners of his mouth were slightly raised. He didn't know what he was thinking of. .
----
Manhattan, New York.
Wildfire Bar.
Madonna Louise Sigourney said hello to Erica and Martha, then carried her small bag and walked out of the wildfire.
Behind her, two Zach boys, one tall and one short, followed her, preparing to send her back to Zina's residence.
At an intersection, Madonna stopped and turned back to Brother Zach with a smile: "What? I've never seen you so silent in the bar just now? Are you mute?"
"Haha~" The little brother Zach kicked his brother the big Zach.
"We... don't know what to say~!" The big man Zac showed his teeth and said with a smile.
"Say whatever you want, do you think I'm going to be like a mute when I walk with you?"
"Okay~" The big man Zach looked at his brother and motioned to him.
"That..." little Zach rolled his eyes.
"I heard that you are going to be a singer?"
"Yeah~ let's cross the road first~"
"Ah... Do you want to sign with Xinni's record company?"
"Well, that's how David arranged it!"
"Wow~ Then you are so lucky!"
"Haha~ That's right~ The girl who shared the apartment with me heard that I was selected to be a singer on my first day in Wildfire."
"The look of envy on her face, I may never forget it in my life!"
"Envy? Just envy? Wouldn't she... be jealous of you?"
"I'm jealous~ Anyway, it's impossible for us to meet again in the future!"
"Then what does she do?"
"What to do? Do anything! As long as you can make money!"
"What about you? What did you do before you came to Wildfire?"
"Me? I've done everything just like her~"
“I’ve been to some interviews with film crews, tried some jobs as a dancer, worked as a waiter, worked as a model for a painter, and worked as a photography model.”
When the little Zach heard that Madonna had actually worked as a model for a painter, he looked at his brother with a wicked smile.
"A painter's model? The one without clothes?"
"Of course ~ they are very generous!"
"Okay~ It seems that your life in New York is not as embarrassing as the two of us~"
"Um...are you also in a gang?"
"No, no, no! We two are not that lucky! In Brooklyn, no gang wants us!"
"Then...what do you do to support yourselves?"
"Like you, do whatever you can to make money!"
"Wow~ Then you must have done a lot of exciting things, right?"
Madonna asked, feigning curiosity.
"Haha~ It's nothing~ I just haven't been caught by the police..."
"Never been caught? What does that prove?"
"Haha~ Idiot, that proves that we are both the smartest boys!"
"Um..Okay~ As long as you are happy!"
Madonna shrugged, glanced at Zina's apartment not far away, and said to the two of them: "Thank you for sending me back. It's a pleasure chatting with you! Let's... see you tomorrow?~"
"Haha~ Let's go, see you tomorrow!"
"Hehe~"
Madonna looked up and down the big man Black Zach, licked her lips, smiled charmingly at him, turned and walked towards the apartment.
The little Zach gave his younger brother a surprised look and shouted in a low voice, "Did you see that move she just made? She was obviously trying to seduce you?"
"Haha~ Let's go~ It's your eyesight that's dazzled~"
"fxxx!"
"How could I have seen it wrong! This little promiscuous girl, her expressions and movements...~"
"You must have seen it wrong! She belongs to Boss David!"
"Forehead.."
"Okay~ If she makes that expression again next time, you must give her this sentence!"
"I will, haha~"
The big man Black Zach looked at Madonna's back as she walked into the apartment, with a naive smile on his lips.
David and Polly interacted playfully, causing the three onlookers to frown.
"cough~"
Old David cleared his throat and said to his son: "You just talked about the first step, what about the rest? Go on."
"Good~"
David glanced around at a few people and continued to talk about business.
"I just said the first step is to buy spot gold."
"Now let me talk about the second step, which is to mortgage spot gold, get a loan, and buy spot crude oil."
"I have just mentioned some of the reasons for buying spot crude oil. Do you have any questions about this?"
The four people in the study all raised their hands in an instant.
David looked back and forth, and Malkin was the first to speak: "We all know the spot gold, they are just gold bars and gold bricks."
"But this crude oil spot is... what? A barrel of crude oil?"
"That's right, it's just barrels of crude oil! Haha~"
amount. .
Malkin Sr. adjusted his glasses. .
David held back his laughter: "I actually know an interesting anecdote about this question."
“Actually, barrels are used as a unit of measurement for crude oil because the original discoverers of oil discovered when loading oil that wine barrels were used as containers, which was the most recognized unit of measurement by investors and buyers in the market.”
"So this saying slowly continued to be used until today."
"The barrel of crude oil we're talking about is about 42 gallons, which is about 159 liters."
"And we want to buy spot crude oil."
"It refers to a transaction in which the buyer and the seller agree to deliver and receive a certain amount of crude oil at one time in the near future at a certain price and other conditions."
"In other words, if we buy spot crude oil, we can actually see barrels of genuine crude oil stored in our designated warehouse."
"It can be used as an actual holding of the same value as gold and can be bought, sold, mortgaged, debt repaid, etc."
"If gold is the most valuable precious metal in the international market currency system, it is generally recognized as the most valuable precious metal."
"Petroleum is the blood of the world's industrial system and energy system. It is an indispensable and non-renewable resource in our daily lives and industrial development."
"Iran, as one of the major crude oil exporters among OPEC members, has become increasingly unstable in the past year or so, which has begun to affect their country's crude oil extraction and exports."
"Coupled with the over-issuance of the rice dollar, the upward fluctuation of gold prices, and the demand for crude oil in the international market, it continues to grow every year and other factors."
"Even if my forecast of the situation in Iran deviates in some time or degree of damage, our purchase of spot crude oil will be a sure profit without loss."
Several people in the study nodded to indicate they understood.
Old David asked a question of his own: "Crude oil spot, it... also has a shelf life, right?
"That's right, about three years."
"But according to my plan, we will not hold these spot stocks for three years."
"Its price, according to my prediction, will rise to the highest value peak in recent years in one to one and a half years."
"A year and a half...that's 1980?"
"Yes, around the beginning of 1980, I will sell all the spot crude oil and spot gold I purchased."
"I just said we want to invest in gold and crude oil."
"Both of these investment plans can be expected to be profitable in the future."
"The next third step is the reason why I asked everyone to come and sit together today."
"The third step is that I plan to continue to mortgage the purchased crude oil spot to buy some silver futures again."
"Here, I need to tell you some differences between futures and spot."
"First of all, the direct objects of their purchases are different. The object of spot trading is the commodity itself, while the direct object of futures trading is the futures contract."
"The difference in trading methods: half of spot trading is one-to-one negotiation of diced contracts, while futures trading is a bidding transaction in an open and fair competitive manner. The unit of each futures transaction is one lot, which is the minimum unit."
“Differences in trading venues: Spot trading is generally not restricted by trading time, location, or objects, while futures trading must be open and centralized, and over-the-counter transactions are not allowed.”
"The difference in settlement methods: spot trading is based on live payment, while futures trading implements a daily debt-free settlement system, and the settlement price is calculated based on the weighted average of the transaction price."
"Based on the above points, I would say that spot trading of gold and crude oil is very different from futures trading of silver."
"The third step of my plan, buying silver futures, can actually be changed to reduce the risk and become more stable by buying silver spot, so that we don't have to bear it ourselves, because the silver market price fluctuates every trading day. , and the risks and expenses incurred.”
After David finished speaking, he looked at his father, David Sr.
Old David did not speak and looked at old Malkin who had been writing and drawing behind the desk.
After a while.
Old Malkin stopped the pen in his hand, raised his hand and rubbed his forehead and said with a smile: "David, you kid, every time you bring everyone together to my house to discuss things, it is always such a nerve-wracking thing~"
"I have no problem with the gold and crude oil you just mentioned."
"As for this silver..."
David nodded, knowing that Old Malkin understood what he meant: "Yes, whether it is gold spot or crude oil spot, we can resell and liquidate them at any time."
"But if you hold the spot silver in your hands, regardless of the time of sale or the selection of the person who will take over, it will take more time to proceed."
"Because there's a lot of information about the silver market that I haven't collected yet,"
"So, my initial plan was to use half of the funds pledged by crude oil spot to buy silver futures, and hold the other half to cope with possible price fluctuations in the silver market."
After David finished speaking, Old Malkin nodded, thought for a while and said: "You mean, futures trading is far more risky than spot trading?"
"That's right!"
"Then the silver futures you mentioned were bought last, just to get the maximum profit with the minimum amount?"
"Uh...yes!" David's eyes became brighter unconsciously.
"Then...you see how I understand the futures market, right?"
"It's like an open, fair bet."
"Every contract we buy is a bargaining chip."
"We can buy the rise and fall of silver futures. If we buy the wrong one, the chips will be taken away and we will lose completely."
"Yes!"
"The chips in your metaphor are the trading units in the futures market."
"The minimum trading unit in the silver futures market is now: one lot, which is 5000 ounces of silver."
"If its actual value is calculated based on 5 meters per ounce of silver, each silver futures contract is 25000 meters."
"As I said just now, futures trading requires bidding. Now all precious metal exchanges in the United States execute each futures contract and require a certain amount of margin for the overall value of the contract."
"Now the margin for each lot of silver futures contracts is only 1000 yuan."
"1000? 25000 meters of silver. You only need this little money as a deposit?"
"Haha~ Yes, that's why I say that its risk is much higher than that of spot trading. As long as the price of silver fluctuates significantly downward, we need to increase the margin to keep the futures contract."
David nodded slowly and continued with a reluctant smile.
"Suppose we have 2 yuan in hand, buy five lots of silver contracts, and use [-] yuan as margin, then the remaining [-] yuan can be used as an insurance to resist the silver market price fluctuations.”
Old Malkin nodded: "Leave yourself some room, I understand!"
He shook his head and smiled: "But if we have [-] yuan and only buy [-] yuan, the price of silver will rise, and our final income will be halved, right?"
"Uh...yes!"
"However, the information I have collected now is not complete. My opinion is still to purchase a small amount of silver spot first and observe the market price trend."
"If, as I predict, the silver market price starts to rise, it will still be too late for us to buy some more silver futures contracts by then."
"After all, our current plan still takes stable investment as the first goal."
"As for the silver futures market, if my prediction is not wrong, it may become a battlefield for all futures traders in the United States in the next one to two years."
"Battlefield? You mean...someone wants to enter this gambling game to take the bank?"
David nodded to Malkin with a serious expression: "Yes, this is a super big layout!"
"In this situation, every fluctuation, rise and fall of silver prices has the interests of countless people involved."
"This year, it's almost time to reveal the final answer."
"When those people who intend to take control of the silver market start taking action, it will plunge the entire world's silver market into a war without gunpowder!"
Old Malkin took off his glasses, played with them in his hands and said, "So according to your original plan, if you buy silver futures, what is its current price? You... have an idea of its future price. expectations?"
Before David could speak, Old David stood up and said, "I have no objection to investing in gold and crude oil that David just said, but investing in silver futures... is too risky!"
"Old Malkin, you haven't fully understood what it will bring to our money!"
"What did you bring? At the most, you'll lose everything. What else can you bring?"
"But... David himself said that some key information has not been collected completely..."
"Haha, old man~ Have you forgotten the first two steps of your plan?"
"According to David's plan, we need to first raise an investment fund, then buy gold as collateral, buy crude oil, and then mortgage again to buy silver futures."
"Even if we can come up with the money tomorrow, it will take a certain amount of time to complete the first two steps of the plan."
"Besides, judging from David's analysis just now, it is inevitable that the prices of gold and crude oil will rise. If we can buy them early, we can already get some profits."
"Even if we lose all our money on silver futures in the last step, we can still recover our losses on gold and crude oil."
"That's what he mentioned a few times about sound investing, right David?"
"..Yes~"
David pursed his lips and nodded.
"David, are you prepared for the financial aspects of the first two steps of the plan?"
"Have!"
David took a deep breath, glanced at his father who shook his head and sat down helplessly, and said, "I have calculated the source of our investment funds myself."
"Our company will apply for a loan from Morgan Bank for future development. Pine already gave a suggestion on this matter last time."
"He said that if the angel investment fund can start to receive investment and develop some projects, Morgan Bank will provide our company with a very high loan amount."
"As for the angel fund, I have already talked with Ben Likert. He will speed up this work and let investment funds enter the angel investment project pool as soon as possible to complete the first investment."
Old Malkin nodded: "Do you have an approximate amount that can be borrowed from the bank?"
"1000 million yuan!"
"Oh? Haha~ Our big company, can we borrow so much money from the bank?"
Seeing that her father was in a good mood, Polly smiled and said, "Yes, Andy helped us do some rough calculations during the last meeting on the fourth floor of Stanley. 1000 million yuan should be no problem."
Old Malkin nodded with a smile, leaned back, found a more comfortable position for himself, glanced at Old David, who was no longer speaking, and said in a cheerful voice.
"Go on, David!"
"it is good!"
"Of the 1000 million yuan, I will leave 300 million yuan for the company for subsequent development."
"The remaining 700 million yuan will be bought in gold and then mortgaged to get about 500 million yuan to buy crude oil."
"After mortgaging the crude oil, I spent 250 million yuan to buy silver."
"Large, medium, small?"
"Looking at it this way, if we lose all our money on silver futures, it doesn't seem to affect the development of our company."
"Then do you have an expected value for the returns from gold and crude oil?"
"..have."
David looked through his notebook, thought for a while and said: "The minimum return I estimate, the overall rise in gold and crude oil, will double the return on our investment."
"That is to say...excluding silver, if we invest 700 million yuan, we can get back 2400 million yuan after more than a year?"
David did a quick calculation in his mind, "Yes, that's right!"
"Haha~ Then what are we waiting for?"
"Start your investment plan as soon as possible, David!"
"Of course, we have to buy silver. Even if your prediction does not come true, we will lose some profits at most, but we can make more and bigger profits. This transaction is a profit no matter how you calculate it!"
"Why don't we do it?"
"Haha~"
"By the way David, you can mortgage the building I gave you a while ago, get a loan, and invest in this plan."
"Ludy, don't you still have some real estate? Get a mortgage on it!"
“If you miss David’s investment plan, you will regret it in the future!”
"Good~"
Lu Di smiled and nodded in agreement, and began to think about how much wealth he still had. .
David looked at his father and made some decisions in his mind.
"Okay~ David, have you finished what you want to say?"
David hesitated for a moment, frowned and nodded: "Yes...it's over!"
"Okay~ Let's do this for today~"
"When you arrange the loan from da company and start executing the plan, tell me and I will invest as well."
"Dad?" Polly shouted with some worry on her face.
"Haha~ Don't worry, I still have some money on hand that I originally wanted to leave to you children. Now I can use it to make a profitable investment. Isn't this the greatest good thing?"
"Haha~"
David didn't smile. He lowered his head and sorted out the notebook in front of him and said, "As long as it's investment, there will be..."
"There will be winners and losers?"
"Do you still need to tell me this kind of nonsense, kid?"
"Haha~"
"Your investment plan has been completed completely. Are you still worried about your prediction now?"
"..No!"
"Isn't that enough?"
"David, go ahead and follow your plan~"
"This must be the first time you've told anyone about this plan today, right?"
"Yes.."
"Then since you choose to believe us, of course we will choose to believe you, right, old man!"
David Sr. didn't answer. He and Malkin Sr. looked at each other, trying to make the old man understand that he hadn't given up his worries yet.
After decades of interaction between the two, Malkin Sr. knew the character of David Sr. very well.
He walked up to Old David, patted his hand and said, "Don't worry~ He will definitely do it well!"
Old David still shook his head silently and said nothing.
"Okay~ It's getting late~ Do you plan to stay at David's place for one night, or go home directly?"
Old David hesitated and sighed: "Go home!"
"Okay~ Ludy! Find someone..."
"No, let Black Mike take me back."
"Then...Okay! After we go back, remember to help Sena and I bring a greeting to Sera."
"Um.."
Old David tidied up his notebook, glanced at his son, nodded with the people in the study, turned around, opened the door, and went downstairs.
David stood there, watching his father leave, and couldn't help but let out a sigh of relief.
He organized the notebooks and put them all into a big bag.
"Then... I'll go back first~ I'll let Polly tell you if there's any latest progress!"
"Ok~ You go first!"
"Ludy, stay here for a moment!"
Old Malkin saw the inquiring look Polly looked over at this time, shook his head, pretended not to see it and turned back behind the desk, looking through the records he had just made, trying to digest them piece by piece.
Polly saw that her father had left her alone. .
She winked at Ludy who was looking over, walked out of the study in a few steps, and chased David downstairs. .
Ludy walked to the door of the study, looked at Polly's disappearing back, sighed, and closed the door again.
He walked to where David was and sat down, waiting for Old Malkin to read the record.
The first floor of the old Malkin house.
When David came down, Black Mike had already gone out to drive, and Sena was walking outside with old David.
Suddenly, he felt as if a gust of wind was blowing behind him.
David looked back and saw Polly running towards him and giving David a hug.
"Um...we are at home...don't..."
Polly tilted her head slightly, glanced at her sister Manqi in the living room, smiled and whispered in David's arms: "Don't worry, your life will not change in any way because of me."
David was silent. .
He raised his left hand that was not carrying the bag and patted Polly's back gently: "With you here, how come things haven't changed?"
"Hehe~"
Polly leaned back, looked at the big boy David in front of her with a smile, and kissed him quickly on the lips: "Be careful on the way back, we'll see you at the company tomorrow!"
"it is good!"
David nodded stiffly, watching Polly let go of him, taking his arm, and the two of them walked out the door under Manqi's strange eyes. .
outside the house.
Polly let go of David's arm and motioned for him to say goodbye to old David who was already sitting in the passenger seat of the car.
David glanced in the direction of Old David and nodded to Polly: "I'm leaving~"
Then he ran over in stride.
Beside the car, Black Mike took his foot off the accelerator when he saw David running over.
Old David looked at his son running over, sighed and said to him: "Forget it, there's no need to send it off~ You don't need to call me after I go back~"
He paused and waved his hand to stop his son who wanted to say something: "Since today's plan has been decided, you should do it well!"
"In a few days, when you are done with your busy schedule, come home during Thanksgiving!"
"it is good!"
David nodded in a low voice, and together with Sena, watched Black Mike's car slowly disappear around the corner of the street.
Mike Bai, who was also standing next to the car not far away on the street, rubbed his nose when he saw old David and the others leaving. He glanced at Polly who turned to go home, and then looked at David who was stroking his head. He didn't know what to say. What Sena.
He turned around and allowed himself to become a passerby, no longer looking at these messy things. .
After a few minutes.
Sena went back.
David stood on the side of the street with a bag, looking up at the starry night sky. He felt a pressure that he had never encountered before, and now he felt the weight on his shoulders.
After taking a few deep breaths.
David walked towards Mike Bai and said hello to him. The two got in the car and set off in the direction of his apartment.
----
The old Malkin family.
Sena, Polly, and Manqi settled the children separately and put them to sleep.
Then the three of them gathered in Polly's bedroom on the third floor, closed the door, and started a conversation between mother and daughter.
In the library on the second floor.
Old Malkin nodded slightly, took off his glasses, rubbed his dry eyes with his hands, and said, "Tell me~"
Ludy, who was sitting opposite him, heard what he said and scratched his head: "What did you say? David's plan?"
"Well, tell me what you think?"
"Um...didn't you just say that? His investment plan is very good!"
"nonsense!"
"That's what I said, now I want to hear what you have to say!"
Emm. .
Ludy leaned forward and glanced at the notebook on old Malkin's desk: "Did you... see the problem in David's plan?"
"..No~"
Old Malkin raised his head, closed his eyes, and shook his head.
"Then I have nothing to say~" Lu Di said, spreading his hands.
"Um.."
"~Huu~"
Old Malkin let out a sigh of relief.
"Old David came to New York today and went to see David first. After the father and son came in together, I felt that something was not right about this old guy's mood today."
"Do you know why?"
"Um...because of the risk?"
"Hush~huh~"
"Yes, risk!"
"But... of all the businesses and investments we have made in the past, which one is not riskier than David's plan?"
"Is the risk of making some financial investments greater than the risk of opening an underground casino?"
"That's true.."
"Old David won't keep his face like this tonight just because of some risks!"
"What's that for?"
"David!"
"David? What's wrong with him?"
"He... is too young! Old David is afraid that his son will become arrogant because his career has developed too smoothly during this period! He has forgotten some of the awe he should have!"
"Tonight, he used this method to teach David a lesson!"
"is that so?"
Ludy's eyes widened slightly, he took out his cigarette and handed one to old Malkin, lighting it.
"Hoo~" Old Malkin exhaled a cloud of smoke.
"I plan to talk to people in the family about this investment plan. If they are willing to take the risk, do you think David... will accept this investment?"
"Well... it should be possible, right? I can go talk to him!"
"Well... don't rush this matter now, it's still early! Let me take a look and have a good chat with my cousins!"
"Good~!"
"Okay~ You can go too~ I need to go to bed early for today's things..."
"Okay~ I'm leaving first!" Lu Di stood up, picked up his notebook, and walked out of the study with a cigarette between his legs.
----
In David's apartment.
He put down the bag and went into the bathroom to wash his hair with cold water to make his mind feel better.
After a few minutes.
He walked out of the bathroom, walked into the bedroom, glanced at Susan, who was already sleeping, and lay down on the bed, staring at the ceiling with wide eyes, thinking about what old David said.
----
Atlanta, Georgia.
Baugh Beru, the new director of the Florida DEA, got out of the taxi, walked into the hotel, and got a room.
More than half an hour later, after taking a shower, he walked to the bedside, picked up the phone, hesitated, and dialed.
"Beep~beep~beep~"
A blind tone came out of the microphone, but it was not connected.
Bog Beru waved the microphone angrily: "fxxx!"
Today he had a face-to-face conversation with Pine on the plane as he wished. .
But the result disappointed him.
In his words, Pine expressed that he had no interest in continuing to support his upward development within DEA.
This transfer is just that. .One transaction!
He got the position of DA Florida director and needed to help the soldiers of DA security company who were performing tasks in Miami to deal with the increasingly arrogant drug lords and teach them a painful lesson.
"fxxx! fxxx! fxxx!"
Bog Beru kept spouting curse words, and he no longer had any expectations for his so-called future. .
He found a cigarette in his coat pocket, bit the filter, and lit it.
After a few minutes.
After finally calming down, he began to silently think about things in Miami.
In this transaction, he already got what he wanted.
In Miami, he must give an attitude of fulfilling the deal.
"Cohen!"
Baog Beru whispered the name in his mouth, and the prototype of a plan began to slowly form in his heart.
----
Northeastern United States, Massachusetts, Boston.
In the suburbs, in the Morgan family manor.
Accompanied by the old housekeeper, the old Morgan couple watched a videotape that had just been sent from New York.
The contents of this tape made the three of them very interested at first, but later on, they all became a little silent.
After a while.
After the tape was put on, Old Morgan's brows slowly began to wrinkle on his calm face.
He turned to look at his wife Nariya who wanted to say something, waved to her, and said to the old housekeeper: "I will shorten my work schedule tomorrow and the day after tomorrow. We will go to New York the day after tomorrow."
"Okay, sir!"
Old Morgan paused and continued: "Notify Seamus Norton tomorrow and ask him to go to New York and we will meet there."
"Good sir!"
The old butler stood straight and bowed slightly forward: "Then... do I need to tell Panaris and Elder?"
"No~ I have to go see David first!"
"Good sir!"
"Okay~ let's go rest first!" Old Morgan gently held his wife's hand, and the two of them disappeared at the top of the stairs not far away.
The old housekeeper stood there and glanced at the TV set which was already covered with snowflakes. The corners of his mouth were slightly raised. He didn't know what he was thinking of. .
----
Manhattan, New York.
Wildfire Bar.
Madonna Louise Sigourney said hello to Erica and Martha, then carried her small bag and walked out of the wildfire.
Behind her, two Zach boys, one tall and one short, followed her, preparing to send her back to Zina's residence.
At an intersection, Madonna stopped and turned back to Brother Zach with a smile: "What? I've never seen you so silent in the bar just now? Are you mute?"
"Haha~" The little brother Zach kicked his brother the big Zach.
"We... don't know what to say~!" The big man Zac showed his teeth and said with a smile.
"Say whatever you want, do you think I'm going to be like a mute when I walk with you?"
"Okay~" The big man Zach looked at his brother and motioned to him.
"That..." little Zach rolled his eyes.
"I heard that you are going to be a singer?"
"Yeah~ let's cross the road first~"
"Ah... Do you want to sign with Xinni's record company?"
"Well, that's how David arranged it!"
"Wow~ Then you are so lucky!"
"Haha~ That's right~ The girl who shared the apartment with me heard that I was selected to be a singer on my first day in Wildfire."
"The look of envy on her face, I may never forget it in my life!"
"Envy? Just envy? Wouldn't she... be jealous of you?"
"I'm jealous~ Anyway, it's impossible for us to meet again in the future!"
"Then what does she do?"
"What to do? Do anything! As long as you can make money!"
"What about you? What did you do before you came to Wildfire?"
"Me? I've done everything just like her~"
“I’ve been to some interviews with film crews, tried some jobs as a dancer, worked as a waiter, worked as a model for a painter, and worked as a photography model.”
When the little Zach heard that Madonna had actually worked as a model for a painter, he looked at his brother with a wicked smile.
"A painter's model? The one without clothes?"
"Of course ~ they are very generous!"
"Okay~ It seems that your life in New York is not as embarrassing as the two of us~"
"Um...are you also in a gang?"
"No, no, no! We two are not that lucky! In Brooklyn, no gang wants us!"
"Then...what do you do to support yourselves?"
"Like you, do whatever you can to make money!"
"Wow~ Then you must have done a lot of exciting things, right?"
Madonna asked, feigning curiosity.
"Haha~ It's nothing~ I just haven't been caught by the police..."
"Never been caught? What does that prove?"
"Haha~ Idiot, that proves that we are both the smartest boys!"
"Um..Okay~ As long as you are happy!"
Madonna shrugged, glanced at Zina's apartment not far away, and said to the two of them: "Thank you for sending me back. It's a pleasure chatting with you! Let's... see you tomorrow?~"
"Haha~ Let's go, see you tomorrow!"
"Hehe~"
Madonna looked up and down the big man Black Zach, licked her lips, smiled charmingly at him, turned and walked towards the apartment.
The little Zach gave his younger brother a surprised look and shouted in a low voice, "Did you see that move she just made? She was obviously trying to seduce you?"
"Haha~ Let's go~ It's your eyesight that's dazzled~"
"fxxx!"
"How could I have seen it wrong! This little promiscuous girl, her expressions and movements...~"
"You must have seen it wrong! She belongs to Boss David!"
"Forehead.."
"Okay~ If she makes that expression again next time, you must give her this sentence!"
"I will, haha~"
The big man Black Zach looked at Madonna's back as she walked into the apartment, with a naive smile on his lips.
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