Chapter 79: The next step, shorting and going long
Looking at Li Fuzhen playing with the jewelry she had just bought in a luxury store, Zhang Junfeng shook his head helplessly. It seemed that this woman had no resistance to this kind of "bling bling" glittering jewelry. She was a little unable to walk when she saw it. Even a chaebol lady like Li Fuzhen was not immune.
But apart from those jewelries, Zhang Junfeng was feasting his eyes on the expensive custom-made dresses worn by Li Fuzhen. Fortunately, he had important matters to deal with, so he suppressed the impulse in his heart and made a phone call to contact Leon John who was still busy recruiting people and setting up a branch in Goryeo.
Ever since Leon John successfully took over the office in Goryeo and planned to use it as a foundation to expand and set up branches, he realized how difficult and hard it was to start something from scratch.
Since there were not enough people to assign work in the early stage, Leon John, as the head of the new company, became the company's busiest "cow horse" without exception! Almost all the affairs within the new company required him to make decisions and give plans, which made Leon John, who wanted to be lazy and slack off, quite painful.
Fortunately, Zhang Junfeng also asked Wu Mingxi to select two professional elite lawyers from the law firm to assist, which saved Leon John from taking many detours.
…
Leon John was also very envious of Zhang Junfeng taking his wife to Hong Kong for their honeymoon, and even teased Zhang Junfeng not to forget to bring some gifts to his old friend to "comfort" him who was still working overtime! After Zhang Junfeng agreed with a smile, he proposed a plan of "shorting gold" to the other party, and further increased the benefits of shorting gold by adding a certain amount of leverage.
After hearing Zhang Junfeng's plan, Leon John couldn't help but frowned, "Zhang, the price of gold has tended to be stable. If you choose to short gold at this time, I'm afraid the profit will not be as high as you think!"
Zhang Junfeng smiled and explained, "I am bearish on the price of gold for two reasons. First, the U.S. stock market has continued to rise steadily. The Dow Jones Index has risen more than 11 times since the beginning of 190. The brilliance of the stock market has completely overshadowed the investment value of gold. Second, the central banks of Western countries have also been reducing their gold reserves by selling gold."
"Under the influence of such dual situations, the price of gold will inevitably continue to fall, and may even fall below the historical low of $280 per ounce or even $270 per ounce!"
Hearing Zhang Junfeng's confident words, Leon John nodded in agreement. These two reasons would indeed have an impact on the price of gold, and shorting gold was indeed a good idea to make money.
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After some discussion, the two sides quickly finalized the specific details of the operation. Now that the exchange rate of the Korean won to the US dollar has reached 1962:1, it is time to cash out the principal and profits invested in shorting the Korean won exchange rate and transfer the money to the new project.
Finally, Leon John thought of Zhang Junfeng who was currently in Hong Kong, so he casually asked him if he wanted to short Hong Kong's currency or the Hang Seng Index to make a fortune. Zhang Junfeng hesitated for a moment and rejected the proposal to continue shorting the Hang Seng Index, but chose to go long on the Hang Seng Index! If he remembered correctly, this year (around August 1998), international speculators will launch a new round of financial sniping war against Hong Kong. At that time, Hong Kong's Hang Seng Index will fall to 6,600 points, but under the full counterattack of the Hong Kong government, the Hang Seng Index was pushed up from 6,660 points to 7,829 points, thwarting the conspiracy of international speculators. In early September, the Hang Seng Index was raised to 8,220 points! However, the interval between this protracted financial sniping war was too long. If they entered the market too early, the money they invested would most likely go down the drain, and they would be forced to liquidate their positions and sell their stocks before the Hang Seng Index turned red and rose sharply.
Wait until mid-August to enter the market and buy long futures contracts of the Hang Seng Index. This will greatly reduce the risk of a rollover and ensure that you can take advantage of this wave of the Hang Seng Index's surge against the wind and make a fortune!
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Hearing that Zhang Junfeng already had a plan, Leon John did not ask any more questions. Anyway, after several previous cooperations, as long as Zhang Junfeng had a definite investment plan, he only needed to follow the bet, and he could easily make a lot of money later! As for why Zhang Junfeng chose to go long on the Hang Seng Index instead of shorting it? Is this important? This is not important at all. As long as they can take the opportunity to make a lot of money, this is the most important thing! ——————Dividing line——————
As the repayment date of the first batch of overseas financial institutions approaches, the Blue House has long been anxious. The debt that is about to mature and needs to be repaid has exceeded 20 billion US dollars. They are simply unable to repay such a huge amount!
The International Monetary Fund (IMF) was indignant and protested against the harsh conditions proposed by the Blue House. After signing the agreement, they decided to teach this disobedient "little brother" a lesson! They planned to slow down their financial assistance to Goryeo, so that this proud little country could experience the embarrassing fate of national bankruptcy and debt collection by overseas financial institutions. By the way, they also prepared in advance for the subsequent influx of overseas funds and the theft of equity in high-quality enterprises in Goryeo.
…
This news was undoubtedly terrible news for Goryeo and the Blue House, which were running out of funds! In the Blue House conference room, Mr. Yongsan and a group of think tanks and senior officials sat together to discuss solutions.
However, these smart guys were all observing each other, and no one chose to speak first, for fear that the methods they proposed could not be implemented and would become the target of ridicule and mockery from other colleagues.
The situation remained tense for a while, but there was still no change. Mr. Yongsan, who was sitting at the top, was the first to break the silence and asked his think tank members for a solution.
As for these guys who are just sitting there doing nothing, I really can't have any expectations! When I get through this, I must discipline these guys and make them remember it for a long time! Several members of the think tank also looked quite solemn. It is obviously unrealistic to want to conjure more than 20 billion US dollars out of nothing in the current predicament!
After all, if they really could do it, they would not have been helpless to watch the exchange rate of the Korean won against the US dollar collapse completely after their foreign exchange reserves were exhausted! Just when Mr. Yongsan thought that these think tanks that he valued had no way out, Li Yunchang, a member of the think tank who had been silent all along, spoke up at the right time, "If Mr. Yongsan can make up his mind, I do have a way to raise a sum of money in the short term! But I'm not sure whether the specific amount can reach 20 billion US dollars!"
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
(End of this chapter)