All-in on foreign exchange?
Wow!
Lin Huowang's words really scared everyone in the office half to death.
How daring!
Although, the country’s foreign exchange reserves are really not much now.
However, every penny of foreign exchange can play a huge role in all walks of life.
If I really bet everything at once and lose, the consequences will be...
It is something that no one present can afford. Even the elderly would not dare to take such a risk and put all their foreign exchange reserves on the line.
However, Lin Huowang on the phone spoke so decisively and easily.
It seemed that this was not a bet of tens of millions of dollars, but just a small bet on the streets.
"Commander, please be careful! Comrade Lin Huowang is, after all... after all, young and inexperienced..."
Professor Li was listening at the side and was really scared to death by Lin Huowang's courage.
He hurriedly reminded the old man who was also in a trance in a low voice.
After all, this is also his responsibility as the top economics professor in the country.
He claims to be an expert in economics, and finance and futures are also within his research scope.
But the actual futures trading experience he had experienced these days was really tormenting him.
Just like countless economics professors in China in later generations, he taught securities investment in class, talked eloquently about various stock market crashes and bull markets, as if he was giving advice to the world.
In fact, almost all of them had confidently used their savings to invest in stocks.
In their eyes, since I am a professor studying this subject, how can I not make money by trading stocks?
The result is self-evident. He almost lost all his pants.
Economics, in fact, will always be a lagging subject.
It is used to summarize rules and reflect after doing things.
If economics wants to be truly forward-looking and practical, the vision, strategy and courage required are actually beyond the scope of ordinary economists.
Even though the professors present were unwilling to do so, they had to admit that the young Lin Huowang on the other end of the phone actually had much more knowledge and understanding of futures than they did.
"Don't say anything. I want to hear what Comrade Lin Huowang has to say."
The old man was even more focused and asked into the microphone, "Comrade Lin Huowang, our country's foreign exchange is very precious, and there is not much that can be used now.
Tell me honestly, if you really bet again, how confident are you that you won’t lose money? "
Wow!
The old man asked a good question. He didn’t ask how confident you are of making money and making a lot of money.
His bottom line has always been to make no loss, or to lose less.
This is equivalent to spending a little tuition fee, which can allow relevant domestic personnel to practice it and experience firsthand the brutality of the futures market.
Including Lin Huowang's current request for full-scale increase in positions, in the old man's view, making money is really secondary. What is more important is to train the current team's knowledge and courage.
When Lin Huowang heard the old man's words, he combined them with what he knew about the old man's courage and insight from his previous life.
He was no longer modest, and he made a boast directly: "One hundred percent! Commander, I mean one hundred percent profit.
The solution I provide is not to simply rely on luck to speculate in soybean futures.
This conclusion was reached after scientific information collection and careful analysis of the Hunter family's intentions.
At present, the Hunt family has invested at least 400 to 500 million US dollars in operating the soybean futures market.
They have ten or even a hundred times more soybean futures contracts than we do.
From any perspective, they would never allow the price of soybean futures to be so low.
There will definitely be another opportunity to push the price up so that they can ship the goods and make a profit.
After all, the previous repeated shocks have washed away many people.
We can now easily take advantage of this opportunity and make a lot of money.”
After Lin Huowang's analysis, the old man's originally hesitant look immediately became firm.
He turned to look at Liu Hongru, the director of the Foreign Exchange Administration Office, and asked, "Director Liu, please check how much foreign exchange funds we can flexibly use now can be taken out."
Wow!
When the old man opened his mouth, everyone present was frightened and excited at the same time.
What is terrifying is that the old man really believed what Lin Huowang said and wanted to use the foreign exchange to gamble. If he really loses, the already tight foreign exchange will become even more stretched.
But what made them even more excited was that they could witness the first time in the Republic that futures investment was carried out on such a large scale.
Regardless of the outcome, this experience alone will allow them to gain a deeper understanding of the international futures market.
In the future, whether we continue to help the country invest in futures trading in the international market or establish our own domestic futures trading market, we can accumulate extremely valuable experience.
"Commander, we just checked. Our country's foreign exchange reserves are now more than 120 million.
But most of them cannot be used for the time being, or need to be paid out immediately.
Only about 20 million US dollars can be immediately transferred to a Hong Kong account for futures trading.
Should we call Hong Kong Island right now and ask them to help us transfer the funds to those hundreds of futures trading accounts?"
Liu Hongru's voice trembled slightly. He was gambling with 20 million US dollars again!
My dear, there is more to this chapter. Please click on the next page to continue reading. It’s even more exciting later!
Continue read on readnovelmtl.com
