From Becoming Penguin's Major Shareholder to Building an Entertainment Empire

Note that this book is a slow-burn novel, and it will become increasingly exciting as the story progresses.

It starts from 2002, beginning at the Beijing Film Academy, and starting with the H...

Chapter 265 Gold Price

After shopping, Chen's mother made a set of gold jewelry for Liu Qianqian, Chen Huilin, and Fan Xiaopang, from head to toe: rings, earrings, anklets, necklaces, gold bracelets, gold locks, and a gold pig. This is usually done as a wedding gift. However, Liu Yue'e knew that Chen Fang was not someone to be trifled with, so she decided to help Chen Fang settle down with his daughter-in-law first. She directly showered them with money, and each of the three women was adorned with at least six pieces of gold jewelry.

If it weren't for Man Shen's intervention, Liu Yue'e would have arranged for each of them to receive 20 catties of gold. This also showed the three of them what it means to be from the same family. Shen Fang was generous, and Shen's mother was no less so. Money talks.

Even the manager of Jin Liufu Jewelry was alarmed; it was the first time he had ever seen such an arrogant person.

Shen Fang was overjoyed to see the three women adorned with gold jewelry, each one sparkling like a little golden statue.

"Mom, why did you buy so much gold?"

Liu Yue'e smiled and said, "This is a gift from Qianqian and the others for accompanying me shopping. It's also a greeting gift. Your dad gave one, so how could I not give one?"

Shen Fang looked at Liu Tianxian.

"Sissi, do you like it?"

Liu Tianxian glanced at Liu Yue'e, her eyes crinkling like crescent moons, and smiled radiantly, saying, "I really like it, thank you, Auntie."

Shen Fang chuckled. Even a fairy goddess has to flatter people. Tsk tsk, that's not easy.

It would be a miracle if they liked it. Generally, people who like gold products are older. Diamonds, platinum, and high-end luxury goods are popular now. Gold products are not favored by young women in China.

“I originally wanted to buy more to prepare as a dowry, but gold is really cheap now, only 64 yuan per gram.”

Shen Fang was taken aback upon hearing this.

"How much? 64? RMB???"

Liu Yue'e rolled her eyes at Chen Fang.

"Nonsense, it's definitely in RMB. Last year it was 95, this year it's a third cheaper."

Shen Fang was stunned. 64 per gram. If he remembered correctly, gold in 2023 was close to 600.

How could I have forgotten about this? Gold prices have been soaring, this would be at least a 10-fold return, and a sure thing.

Shen Fang immediately took out his phone.

"Brother Bo, after the New Year, help me invest heavily in gold futures, 5,000 lots to play around with first, and see how the market fluctuates."

Wang Haibo was having a family dinner when he suddenly received a call from Shen Fang saying he wanted to trade 5,000 lots of futures. He was stunned. The margin for one lot of futures is now 30,000 yuan, and this was a heavy investment in gold. He was completely dumbfounded.

"Boss, gold prices have been declining this year. Your large investment is too risky. If you add leverage, you'll need at least close to 1 billion in principal to be safe. The gold sector is controlled by foreign financial giants and conglomerates. You may be very wealthy, but compared to them..."

Wang Haibo didn't dare say what came next, but he understood perfectly: he was saying that Shen Fang's money was really not enough, and it was far from being comparable to what financial investment banks had.

Shen Fang's lips curled slightly: "What, Brother Bo, don't you believe me?"

"No, boss, it's not that I don't trust you, it's that I don't want anything to happen to you."

Shen Fang laughed: "Just listen to me. I'll control everything. And don't you think the current gold price is too low? The market price is only 64 RMB per gram. This is gold! Chinese people have a special feeling for gold. With the price so low now, there are plenty of people buying it. You definitely won't lose money. You need to complete 5,000 futures contracts for me before mid-February. Is that alright?"

Wang Haibo opened his mouth.

"Boss, won't you reconsider?"

"Brother Bo, just carry out the order," Shen Fang said seriously.

"Okay, boss, I'll gather the funds quickly. I'll definitely complete these 5,000 futures contracts by mid-February. What about the contract period?"

Shen Fang stroked his chin: "Let's have a year, just to play around with it for now, and increase the leverage by 10 times."

"10 times??? Boss, if this contract isn't fulfilled, we'll lose at least several hundred million."

"I know, go ahead and do it. By the way, Happy New Year."

Shen Fang hung up the phone immediately.

Wang Haibo listened to the dial tone on his phone and gave a wry smile.

"What's wrong? Why the long face? It's the New Year."

Liu Ling looked at Wang Haibo and said.

Wang Haibo lit a cigarette and looked at his four apprentices.

"The boss instructed us to secure 5,000 lots of gold futures contracts by mid-February, with 10x leverage. You can rest for two days and then get started."

Chen Xiaoguo was so shocked that he dropped his chopsticks.

“5000 lots!!!”

Ma Xiaoming, who was standing to the side, was also dumbfounded.

"Master, that's 5000 moves!!!"

Wang Haibo nodded: "It's 5,000 lots. Just do what the boss tells you to do."

"Master, are you worried that something might go wrong with this futures trading?" Chen Yang asked.

Wang Haibo first nodded, then shook his head and blew a smoke ring.

"I can't really say for sure. Actually, it's a bit strange that the price of gold has fallen to 64 yuan per gram. It's too cheap. Someone is definitely deliberately suppressing it. This is gold, which has always been a hard currency. 64 yuan per gram for precious metals is a steal. I think there's no problem entering the market at this time. I'm just worried that if I invest so much money at once, I won't be able to sell it when the futures trading session ends and it will be stuck in my hands. Or, if a big investment bank shorts it, things could get complicated."

“Master, I think you’re overthinking it. This is gold, not silver. The world’s silver mining value is increasing every year, but gold is becoming increasingly scarce. After the gold rush in the United States in the 1960s and 70s, the price of gold has been relatively low. But now, the world’s gold price is at its lowest point. I think it’s unlikely to fall any further. Entering the market now is a very wise move.”

"Only 64 yuan per gram? Honey, I want to buy some to prepare for our little Ling'er's dowry."

Little Ling'er, who was eating meat, raised her head and looked at her mother with an adorable expression.

"Mom, what is a dowry?"

Liu Ling pinched her daughter's chubby, fair face and smiled.

"This will be your future little wallet. Mom will save it for you so that when you grow up, you can buy lots and lots of delicious food, fun toys, and pretty clothes."

Upon hearing this, Xiao Ling'er immediately clapped her hands.

"Okay, okay, Mom, buy me lots and lots of money!"

Liu Ling'er couldn't stop laughing at her daughter's adorable appearance.

"You little money-grubber."