International speculative capital would first raise a large amount of private equity funds from foundations, investment companies, and investment banks, and then borrow gold and stocks from securities companies.
At that time, they bought June gold at a price of $600 per ounce.
The second step involved having Sino-Ocean Bank sell its gold. This sale was based on the June gold price, at which point the gold market was stable, so the loss was limited to inventory costs and transaction fees.
After the Southeast Asian market was hyped up, the price of gold reached $1,700 per ounce.
At this point, the Soros Group would sell its gold holdings at a market price of $1,700 per ounce.
This means there's a difference of $1,100 per ounce of gold.
Soros will then liquidate his stock holdings and use the original transaction price with the brokerage firm to replenish the borrowed gold and stocks.
After that, the Soros Group absconded with the money, and what the future development of the gold market would be was no longer something he needed to consider.
After listening to Chen Dong's analysis, Baldy and his companions' hearts pounded.
"Luckily, the price of gold is too high right now, I can't afford it," the bald man said excitedly.
His companion mocked, "Come on, you didn't buy it, did your wife make you buy it?"
The bald man shut his mouth sheepishly.
At this moment, a quick-thinking customer suddenly asked Chen Dong, "Brother, since gold stocks are about to fall, wouldn't it be very profitable if we short them now?"
Chen Dong smiled and said, "Buying short now is indeed very profitable, but the market price of gold in Southeast Asia has already been driven up to $1,700 per ounce."
"One lot of gold stocks is worth $100,000, which is nearly 700,000 Hong Kong dollars. Do any of you have that kind of money?"
"Even if you have spare cash, with 100x leverage for short selling, do you have the funds to cover your losses?"
Short selling can easily lead to financial ruin because the leverage is simply too high, making it unbearable for most people.
Therefore, short selling orders are usually placed by professional short-selling institutions.
Upon hearing these numbers, the eager diners immediately calmed down.
“However, if you can’t raise enough money to buy a full lot of stock, you can buy fractional shares, but you’ll have to do the buying and selling yourself, which is a hassle. It’s better to invest in Hong Kong dollars now,” Chen Dong reminded them. “I don’t have time.”
As soon as he finished speaking, Chen Dong regretted it. He had just told Uncle Long that he wouldn't ask others to buy stocks, but he immediately forgot about it.
Fearing he might say something inappropriate, Chen Dong quickly returned to the front desk and sat down.
Afang watched Chen Dong chat with them the whole time at the front desk, talking about the financial market and gold, and she felt uneasy.
She increasingly felt that Chen Dong didn't belong here. Perhaps if he hadn't lost his memory, he would have found a much wider world elsewhere.
Hesitating, Afang returned to her room and took out the dark blue suit that Chen Dong had worn the first time he came to her house.
This suit is custom-made and has no brand information on it.
Judging from the material and style of the suit, Afang guessed that the person who could wear this suit was either very rich or had a powerful official background.
If it were for money, the criminals wouldn't have used the chase tactic; they would have used kidnapping instead.
But if it's because of Chen Dong's official background, who would Chen Dong, at such a young age, offend?
"No matter what, he's not really from this world. I can't keep him in this little braised food shop forever," Afang thought to herself.
In the evening, after dinner, Afang deliberately pulled Chen Dong to a small corner of the yard.
Afang handed the dark blue suit to Chen Dong and said, "This is what you wore when you came to our house."
“You’ve lost your memory. I think this might be helpful if you ever want to find your family.”
Chen Dong paused for a moment, then said somewhat dejectedly, "I've been living in the braised food shop for more than half a year. If I really have family, they will definitely come looking for me."
"I've been thinking a lot lately, who am I? Why haven't my family contacted me?"
Afang felt very sorry for Chen Dong when she saw his dejected look.
"Don't worry, maybe you really are from the mainland, and your family is also on the mainland. They just don't know you've ended up in Hong Kong?"
As he said this, the scene he had seen on the financial channel on TV flashed through Chen Dong's mind.
At the time, the Southeast Asian crisis affected Hong Kong and China. Hong Kong's financial channel sent reporters to interview senior executives at Longteng's headquarters.
The woman Chen Dong saw on television gave him a sudden, very familiar feeling.
Chen Dong silently took the dark blue suit. He thought to himself that if this woman really had a relationship with him, it might be a breakthrough for him to regain his identity.
Chen Dong used the store's computer to check the official website of Longteng's senior management and saw a message from a few months ago.
"Our company will form a temporary committee to represent Longteng's senior management in discussing Longteng's business and operational details, policies, and business strategies, and to determine Longteng's development direction."
"The temporary committee was chaired by Zhou Huimin, with Annie as her assistant. Other members included Ma Guoliang, Wangcai, and Lin Zhiyuan."
Upon seeing these familiar names, several faces instantly flashed through Chen Dong's mind.
"Do I know them?" Chen Dong asked himself in confusion. "These are all high-ranking executives at Longteng. How could I know them?"
During this time, Chen Dong stayed at the braised food shop and gradually, subconsciously, began to see himself as someone like Uncle Long and Afang.
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