Business Witch
Ch. 32 Speculation of Gold

Three days later, Wu Guangyao had already returned to the island of Hong Kong, But this time there were a lot of people coming along to go to Hong Kong, Lin Youde, he said, Lin Yueru and the others also followed Wu Guangyou to Hong Kong Island.

Lin Youde brought his two confidants and some gold, He planned to open a textile factory on the island of Hong Kong first.

As for the industry in Guangdong Province, he wasn't sure in half a year would finish transferring his company to it.

After arriving at Hong Kong Island, they immediately separated. Lin Youde and the others were going to stay at Lin Jingyi's house of her uncle Lin Yueru, while Wu Guangyao went straight to the branch store on Bonham East Street.

Recently, the price of gold on Hong Kong Island has increased per day. So Guangdong Gang and Shanghai Gang, Meraka will compete in gold speculation later.

The representative of Guangdong Province is Hang Seng Bank.

Heng Seng Bank was founded in 1933 by He Shanheng, Lin Bingyan, Liang Zhiwei and Sheng Chunlin.

Wu Guangyao recalled that in the next two years, the Hang Seng Bank would make millions of Hong Kong dollars as they speculated on gold.

However, the peak of gold's highest price is August next year. By the time the defeat of the Chinese army had been determined, then the gold would be madly printed and therefore the circulation of gold on the mainland would be prohibited.

Then many gold traders from the mainland went to Hong Kong Island to sell their gold, then they returned to the mainland after profiting from the gold trade.

At the same time, Many were also strong merchants from the mainland who fled by carrying large amounts of gold, They settled on Hong Kong Island, which was located on the island of Hong Kong, or move abroad using Hong Kong Island as a stepping stone.

Since they are also the ones who have caused gold prices to rise and fall sharply, then there are also some groups of people and some Banks who will participate in speculating gold.

It is also a battle that will determine between the Guangdong Gang and the Shanghai Gang who will win, Yes a victory in favor of the Guangdong Gang.

Wu Guangyao is very cash-strapped right now, He wants to develop a zipper business in the next year or two, and that will definitely require a lot of investment.

The money that Lao Fengxiang had earned, he would first make sure that Lao Fengxiang had sufficient funds to expand overseas, and the rest of his money could he use to develop other businesses.

That was why Wu Guangyao went to Macau to cooperate with He Xian and the others, To find a supplier of gold at a cheap price.

With Wu Guangyao's brain and calculation ability, He was confident that he could still make a lot of money in doing this Speculation of gold.

Gold speculation is the price of gold and the price of silver will have a reference price every day, and then the speculators will make a pending order to make a purchase, If you buy 10 taels of gold today for 1,300 Hong Kong dollars.

When tomorrow or the day after, 10 taels of gold bought yesterday The price rises to 1350 Hong Kong dollars.

So when you sell 10 taels of gold, you will get 50 Hong Kong dollars as a profit, But, you will pay a little handling fee after closing.

So simple as that, the price of gold is also not only influenced by the market, but also influenced by a group of rich people.

Guangdong Gang and Shanghai Gang, These two groups are big brothers. They all want to control the price of gold. But in the end, it was the Guangdong Gang that laughed in the end.

Gold speculation naturally requires a platform, and the Hang Seng Bank is the largest platform.

Since May this year, the Hong Kong Government has implemented import and export controls on gold, currently the price of gold has begun to fluctuate. Hang Seng Bank has joined a group of gold traders to open a gold speculation platform.

Currently, Hang Seng Bank was in the middle of Queen's Road, not far from Lao Fengxiang's main shop.

So Wu Guangyao could see the price of gold every day, Right now he was observing the price movement of gold and silver.

Currently Hang Seng Bank is being visited by many people, There are gold traders who sell their gold here, and there are also gold traders who buy it here.

The Hang Seng Bank plays the role of a securities company later on, but they will also participate in trading!

Wu Guangyao put his gold on the counter and sold it for a certain price, then took the proof and left the company phone number. After the transaction, he tells the clerk he will take the money later.

Riding the Ford car, he directly picked up Lin Yueru, to come to Taiping Mountain.

Just this year, the Hong Kong Government abolished the practice of not allowing Chinese to buy land on the mountain.

So Wu Guangyao planned to buy a piece of land and build his own villa on Barker Road here in the future.

Climb to the top of the mountain and look down from the top of the mountain. The beautiful view of Hong Kong is visible in plain sight.

The sea on Hong Kong Island looks clear and blue.

The mountains of Hong Kong Island are green and dust-free.

Although it was still very simple, he could feel extremely excited.

Victoria Port and Tsim Sha Tsui were seen before Wu Guangyao's eyes, she was completely mesmerized by her beauty.

"I, Wu Guangyao, I will conquer this beautiful Hong Kong Island." He muttered to himself.

Li Yueru looked at Wu Guangyao who currently looked extremely dazzling, This man really has a heart higher than the sky, He dares to make such ambitions in the territory of strangers. (Temporary status because they come from mainland China)

Wu Guangyao looked towards Lin Yueru, then grabbed his hand, and walked on Taipingshan Road.

“How is the preparation of uncle's textile factory?” Wu Guangyao asked concernedly, as she was not familiar with Hong Kong Island, so she could not help.

"With the help of Lin Jingye's uncle, the progress was very good, The location of his current factory has been found, and the next step is to transport the machine from Guangdong province. By the way, my older brother is coming home from abroad soon, he plans to study here." Lin Yueru said a little happily.

When all the family came to Hong Kong Island, he was very happy. Although Hong Kong Island is close to Guangdong Province, but it takes a lot of time to go back and forth in this era.

After two hours of playing at Taiping Mountain, Wu Guangyao brought Lin Yueru back to Queen's Road and took him directly to Hang Seng Bank.

Wu Guangyao asked the officer if the gold had been sold. Then Wu Guangyao got 36,520 Hong Kong dollars from the sale.

"Why so much money? " Said Lin Yueru curiously

"I've just sold gold, I'm planning on giving this money as a gift to your parents. "Sindir Wu Guangyao

"Huuff, my family doesn't want that kind of money, and also my father said, That he'll give me 20% of the textile factory stake, That's considered my dowry. If a woman of a particular currency she will be very happy after hearing this. "Lin Yueru said casually.

"Ah, Yueru, I don't know that. In addition, for the shares you have. When we're married, it'll still be yours. I'm not gonna take it." Wu Guangyao quickly explained

"Huh, you're lowering my self-esteem."