At the very least, a 100-yuan treasury bond has a redemption price of only 90 yuan.
That's equivalent to a 10% discount.
The price on the black market is even more outrageous, only worth 75 to 85 yuan.
Information asymmetry has also led to arbitrage activities.
With this thought in mind, Chen Dong offered words of comfort.
“Dad, a friend told me that Mingzhu City has now opened exchange points where a 100-yuan treasury bond can be exchanged for 104 yuan.”
"If that's the case, I think this business is still viable."
Upon hearing this...
Chen Xuelin said sternly.
"You really think you're the only smart one?"
"According to what you said, a 100-yuan treasury bond can be sold for 104 yuan. Have you considered other factors?"
"After deducting expenses for food, lodging, round-trip transportation, and all other miscellaneous costs, how much are you left?"
“These days, petty theft is everywhere. You only earn so little money. If something happens to you, what are your mother and I supposed to do?”
Hearing this, Chen Dong felt as if he had been doused with a bucket of cold water.
Since his rebirth, he has always viewed things through the eyes of the future.
Instead, they overlooked the risks involved.
It's true that gold was everywhere in the 1990s.
It also contains a variety of risks.
Take the example of selling tea eggs.
If the King of Hell harbors evil intentions, he probably won't share the money with him, but rather try to steal his wealth and kill him.
Thinking about this, Chen Dong felt a wave of fear.
Becoming capital is far more complicated than one might imagine.
It seems we need to come up with a new plan...
I was thinking about these things.
Outside the door came the voice of Chen Xi, the younger sister.
"Dad, second brother, dinner's ready..."
"They're here!"
Chen Xuelin responded and patted Chen Dong's arm.
"Go out to eat, and think carefully about what Dad told you."
After saying that, he opened the bedroom door and walked outside.
Upon hearing this, Chen Dong gave a wry smile.
"Having an elder in the family is like having a treasure; this saying is absolutely true."
He wasn't worried about not being able to make money.
On the contrary, he knew better than anyone how large the profit margin was.
The calculations Chen Xuelin made were just the kind of small calculations that ordinary people make.
Simply put
Chen Dong's 20,000 yuan investment in reselling treasury bonds did not yield high profits.
What if we could turn 20,000 yuan into 100,000 yuan, or even 1 million yuan?
Same accommodation, meals, and travel expenses.
However, the profits generated are incomparable.
In other words, whether you bring 20,000 yuan in treasury bonds or 100,000 yuan, it's still the same.
In addition, Chen Xuelin did not consider the black market, remote areas, and the purchase price of treasury bonds.
Therefore, generalizations cannot be made.
However, Chen Xuelin was right about one thing.
That is, the issue of public security.
On the green-skinned train, it's more like a miniature martial arts world.
Highway robbers, car bandits, black market dealers, and those 'craftsmen' who roam the streets...
Due to transportation issues, when we meet is simply a matter of probability.
This is also what Chen Dong is worried about.
It seems we need to find a way to recruit more people.
......
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