Chapter 72 Three Billion Dollar Profits
In the days to come, Li Zhiwen would either play in a close relationship with Zhong Chuhong in the manor, or go to the Financial City to see the progress of Mars Capital.
It is worth celebrating that the acquisition of the Daily Telegraph has been almost done. Black originally refused to agree to the sale, but Holan Kremer used his relationship with Lloyds Bank to put pressure on Black. Black could only let go, but there were objections to the acquisition funds.
Based on the principle of saving money, Holanck wanted to reduce the price of the Daily Telegraph to 15 million pounds, which was just enough for Black to pay off the money from Lloyds Bank. Black also disagreed and did not let go of the price of 20 million pounds.
Li Zhiwen did not give any advice to Holrank's behavior. After all, he was trying to save money on his own and just told him to complete the acquisition as soon as possible so that other investors could know.
However, the Daily Mail has made little progress. United Newspaper Company regards it as a non-sale product and does not sell it. Li Zhiwen scoffed at this statement and sold so many newspapers. As a result, the Daily Mail is a non-sale product, and Li Zhiwen just asked Holrank to raise the bid.
The owner of the Observer, Ridgefield Atlantic Company, did not say that the Observer is not a product, but their asking price is too high. The Observer is a Sunday newspaper, which is a bit useless and the price is too high and does not meet Li Zhiwen's expectations. So Li Zhiwen just asked Holank to send someone to continue negotiating with the Ridgefield Atlantic Company to try to negotiate the price.
The Financial Times and the Daily Express were interviewed by Holrank personally. The head of Pearson Education Group in the Financial Times met Holrank, but Holrank did not mention the price, so he let the person in charge stop him. Holrank's Brooke family, who was in charge of the Daily Express, was turned away.
There was no progress on Rover Automobile. Holank found the head of the Lelan Automobile Group of the Ministry of Finance, but the head Siberlittle was vague and did not agree or refuse.
This is not a big deal. Although Prime Minister Margaret called for privatization for a long time, she did not make any real big moves, but only carried out pilot projects in the oil field. The proportion of state-owned components of the oil mining department is 25%, and the proportion of state-owned components of the automobile industry is 50%. No one dared to tell Prime Minister Margaret that he would first take the pilot of the automobile industry with a high proportion of state-owned components, and was worried that he would not have a guaranteed job.
It’s still Li Zhiwen’s status is not enough. If he had strong connections in the UK, these would not be a problem.
Zhao Hezhuo still reported three times a day. On January 15, the gold price reached 800 US dollars per ounce. Zhao Hezhuo quickly called Li Zhiwen, while Li Zhiwen rushed from the manor to the seed fund company.
"Azhuo, how about it?" Li Zhiwen asked Zhao Hezhuo as soon as he arrived at the room.
"The gold price broke through the 800-ounce mark in the morning. After the breakthrough, the gold price stopped rising for a while. Just when you came, you started to rise again. The gold price now has reached 805-ounce."
"It took 5 days to go from $750 per ounce to $800 per ounce. Why did it rise 5 dollars in less than a while today? Azhuo, what are the reasons?" Li Zhiwen frowned and said. In his memory, the price of gold will reach its peak on January 22, at $850 per ounce. According to the principle, there are still 7 days left, why is the price of gold now like a wild horse that has run away from reins and can't hold it anymore.
"Boss, according to my analysis, it should be investors around the world who are overwhelmed. Many investors who were not speculating in gold before entered the market and raised the gold price, and the gold price has increased. " Zhao Hezhuo said.
Seeing the rising gold price, Li Zhiwen decided not to wait anymore. Don’t have any impact on the gold price because of his little butterfly. It would be bad if he cheated himself. So he said, “Azhuo, start harvesting now. When it reaches 850 US dollars per ounce, you must finish harvesting.”
"Received, boss," Zhao Hezhuo said.
You should know that when Li Zhiwen asked Zhao Hezhuo to buy London gold futures, the average gold price was US$570 per ounce, and Li Zhiwen leveraged 50 times the leverage to hold London gold futures worth US$7.5 billion.
With the current gold price breaking through the 800-dollar ounce mark, the value of this London gold futures has reached 10.5 billion US dollars.
Even though Li Zhiwen asked Zhao Hezhuo to purchase it in more than 200 banks with 500 accounts, it was too difficult to escape with such a large gold futures contract. Li Zhiwen was not relieved and did not return to the manor, but stayed in the villa and took charge of the command.
Therefore, after Li Zhiwen's order, the seed fund began to transfer and escape in an orderly manner, each person was responsible for 50 accounts, and even Zhao Hezhuo came to operate it himself.
Seeing the Seed Fund's team running well, Li Zhiwen breathed a sigh of relief.
"Chairman, all the 10,000 London gold futures I hold have been delivered, with an average price of 815 US dollars per ounce, and the existing funds in the account are 815 million US dollars." Tan Huafeihui reported.
"Chairman, all the 13,000-hand London gold futures I hold have been delivered, with an average price of 823 US dollars per ounce, and the existing funds in the account are 169.9 million US dollars." Lou Yulie said.
......
The large living room of the villa has become a large conference room of the Seed Fund. The dedicated line phone kept ringing, while the employees who answered the phone kept recording data on paper and then reported the results to Li Zhiwen.
Seeing the statistics of more and more funds, Li Zhiwen was in a better mood.
Finally, at 7 pm on January 19, all London gold futures were delivered, and all the accounts of Seed Fund added $10.8 billion, and the gold price also reached $845.
After deducting the capital quota of US$735 billion, the margin of US$150 million, and bank financing expenses, the cumulative net profit of the seed fund is US$317 billion.
The Seed Fund staff at the scene were all overjoyed and were proud of their feats. Li Zhiwen waved his hand and each person had a bonus of HK$1 million, while for Zhao Hezhuo it was a bonus of HK$5 million.
As the saying goes, the boss eats meat and the employees drink soup, Li Zhiwen doesn’t want to let his subordinates be disloyal because of this small amount of money.
At this time, it was 2 noon in the United States, and London time was five hours faster than New York time.
Gold futures prices on the New York Mercantile Exchange continued to rise, breaking through 850 dollars an ounce at three o'clock in the afternoon.
Many companies holding gold futures are unhappy.
However, the financial company located on the top floor of Wall Street is already on its way out.
They are not stupid. If gold prices continue to rise, it will be detrimental to the United States, and the United States will be hit hard and are inconsistent with American interests, so it is time for the White House to make a voice.
Although they all hope that gold futures prices will continue to rise, they understand that the interests of the United States are their own interests, so they arranged for a few days to retreat.
At the White House, President Jimmy Carter and the U.S. Treasury Secretary are meeting.
January 20th, USA time
US President Jimmy Carter appeared on TV and announced to the whole United States and the world that the US government will protect the United States' position in the world at all costs. The world economy needs a good financial environment to impose sanctions on countries that challenge the United States' status.
After Jimmy Carter finished speaking, the global network fell into a busy state, and the communication network was even paralyzed.
In just a few minutes, the news spread to every corner of global finance.
This caused panic in the market. They knew that the US president represented the face of the United States. The president spoke and the US government was going to take serious action.
Gold prices in various places fell in response to the New York Mercantile Exchange, London Gold Exchange, Zurich Gold Market, etc.
By the close of the day, the gold price on the London Gold Exchange fell below the 820-oz mark, and the entire market complained.
After Li Zhiwen received the news, he secretly thanked that his funds had been delivered, otherwise he would not be able to sell them now.
Chapter completed!