We are all reborn, who wants to be the richest man?
Chapter 69 Another opportunity to make a fortune
After arranging for Chris' people to continue recruiting semiconductor talents, Luo Niazhong flew to New York with Robert and Jason.
Unlike the last time he came to attend the invitation of John Reed, the president of Morgan Stanley, this time he came to New York for Wall Street.
Walking on the streets of Manhattan, Luo Nianzhong said that he disliked it very much. The narrow streets, supported by the towering buildings on both sides, made people feel very depressed.
Compared with here, Luo Nianzhong feels that Hong Kong Central, which is of the same origin, is much better than here.
The most ridiculous thing is the big bull. Many foreign tourists are taking pictures with him.
However, this big bull that symbolizes the bull market seems very ironic to Wall Street in recent years.
The trading market in New York, like Hong Kong Island, is a roaring type of trading.
There is no way, in such a noisy and lively environment, if you don't speak louder, no one can hear what you are going to do.
The purpose of Luo Nianzhong's visit this time was to make a short-term investment, which he only remembered after seeing a name in the newspaper in the past two days.
In the early 70s, the price of silver was only about two dollars an ounce, which was very cheap.
However, because silver is an important raw material for the electronics industry and the optical industry, with the development of these two industries, the Hunter family at that time saw opportunities, purchased large quantities of silver, and manipulated silver futures to profit from it.
However, it was not all plain sailing for them. When silver rose to US$6.7 per ounce, the Mexican government cashed out a large amount of silver. While profiting from it, it also impacted the market, causing the price of silver to fall back to around US$.
But this did not make the Hunter family give up. In the following years, the Hunter family actively purchased silver. They also collaborated with the Saudi royal family and several major silver brokers such as China and Sunshine to own and control hundreds of millions of ounces of silver.
When they began taking action in 1979 in an attempt to control the entire silver market, the price of silver rose from seven dollars per ounce to fifty dollars per ounce in less than a year, causing its market price to seriously deviate from its own value.
You know, during this time, the margin for each silver futures contract was only $1000.
What gratitude? When the price of silver was two dollars an ounce, they could use $1000 to control $ in futures.
But when silver rose to US$50 an ounce, they could control futures worth US$1000 with US$. The pressure on the exchange was understandable.
In the end, it was the New York Mercantile Futures Exchange, under the supervision of the CFTC, that took various measures to the silver futures market, such as increasing margins, to stabilize the impending market collapse.
This also caused the Hunter family and the Saudi royal family, which had no way to provide more deposits, to sell their pants.
Later, some people even said that this was a conspiracy by the beautiful country. They used the Hunter family as bait and liquidated all the wealth that Saudi Arabia had earned from oil exploration for so many years.
But this has nothing to do with Luo Nianzhong, and he can't get his sympathy. Now he just wants to secretly make up for these guys who are doomed to tragedy.
As the most famous incident in the history of silver futures, when Luo Nianzhong saw the name of the Hunter family in the newspaper, he immediately thought of it and planned to use this incident to make extra money.
After spending a day in New York, in order not to alert others, Luo Nianzhong asked Robert to find hundreds of different accounts around the world to complete the operation.
The current price of silver is around six dollars. Luo Nianzhong set the price for Robert at eight dollars. As long as it is lower than this price, he can open a position and slowly go long.
It's not that he doesn't want to buy if it breaks through eight dollars, it's that he can't buy.
Once this price is reached, things will basically become clear. Without anything happening that affects the price of silver, the price of silver will rise, and everyone will basically know what is going on.
If we follow the cooperation at this time, we don’t know whether it will become a thorn in the eyes of the government and the exchange. Once they manipulate public opinion and throw the blame on themselves, it will be bad.
After all, this is their home court.
As soon as Luo Nianzhong's funds entered the market, the major Wall Street giants discovered this matter. After all, the Hunter family's investment in silver is not a secret, or it is not a secret to Wall Street. This also makes these Wall Street giants pay attention to this matter all the time.
"Boss, there are long funds on the London exchange. The amount is average but very determined, but it doesn't look like the behavior of a large institution."
"How could this be? There has been no news about Liduo Silver recently? Can you find out the specific information?"
"It's difficult. The other party's funds are all registered in the name of overseas offshore companies, so it's difficult to find useful information in a short period of time."
After the giants noticed someone entering the venue, the Hunter family also noticed the situation.
"You mean, it's probably a piece of hot money, and you're going to get it and leave?"
"Judging from the amount of funds, it is very likely that this is the case, and situations like this have happened recently, but there are more today."
"Continue to observe and report to me as soon as possible if anything happens."
Luo Nianzhong didn't know that his little fish was noticed by Wall Street on the first day he entered the silver market, and he himself got on a plane flying back to Hong Kong Island that night.
After staying in the beautiful country for almost a week, the first thing Luo Nianzhong did when he came back was to visit the old Kadoorie who had also just returned to Hong Kong Island.
The two parties had a very pleasant conversation, and Luo Nianzhong also successfully obtained the old land of China Power's Hok Yuen Power Plant in Hung Hom.
The two parties agreed that the Kadoorie family would provide the land and the Far East Group would provide the funds to build Asia's largest super shopping mall on that land and build a yacht marina along the coast.
Far East Group accounts for 65% of the income from these two projects, and the Kadoorie family accounts for 35%.
In terms of the value invested by both parties, the Kadoorie family suffered a loss.
But Lao Kadoorie also knows whether these two projects can bring a lot of benefits to both parties. The Far East Group headquarters plays a large role in diverting traffic.
Otherwise, with the shrewdness of the Jews, how could he suffer a loss?
You said he did it himself? Not to mention anything else, Luo Nianzhong couldn't stand it as long as he used trees to build an isolation zone at the junction of the two sides.
Besides, if he didn't agree, Yuanfang Group would still build these things elsewhere.
After Luo Nianzhong left, old Kadoorie looked at Mi Gao who was seeing off his guests and said, "Keep this relationship good, you will benefit from it in the future."
Mi Gao looked at his father, sat on the sofa next to him and said, "You think very highly of him."
Considering the status and wealth of the Kadoorie family, what kind of existence would be of endless benefit to him.
"Look, this kid's future achievements will definitely exceed everyone's imagination." Old Kadoorie squinted his eyes and leaned on the sofa, like a wise sage.
"And he attaches great importance to friends and relationships. If you have such a friend, I won't worry about the decline of the Kadoorie family in your hands."
"How can you see it?" Mi Gao asked.
In the conversation just now, you said that you can tell a person's ability is nothing, but now you can actually tell that the other person values feelings? Did you meet his Duke Zhou or something?
"If you were me and I only gave you 30% of the shares in this project, would you agree?"
"Of course, if it is true as he said, this place will definitely become a famous attraction in Asia and even the world in the future. In addition, Hong Kong Island is a free port and imports are duty-free, which is likely to create a shopping paradise.
Not to mention 30%, even 25% of the shares are making huge profits."
Looking at his son's answer, the old Kadoorie nodded with satisfaction and said, "But when I told him the 35% shareholding ratio, the other party agreed without even hesitating."
"This is not small money. Will the other party look down on it? If someone who is not familiar with him makes this deal with him, will he still be so happy? I don't believe it."
Old Kadoorie's words made Michael think for a moment and nodded.
"We Jews are very good at doing business, and this relies on our integrity and unity. But you have to remember that our goal of unity is not only for Jews, nor is all Jews united."
After saying these words that left Mi Gao scratching his head, old Kadoorie stood up and went upstairs to sleep.
In the living room, Mi Gao sat on the sofa and thought thoughtfully.
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