American Warehouse Taobao King
Chapter 83: 【Get rich overnight】
The price of metal rhodium reached US$3,500 per ounce, which is twice the price of gold. The total weight of metal rhodium in the five oil and gas barrels won by Yang Yong at the price of cabbage reached hundreds of kilograms.
Hundreds of kilograms are converted into ounces, a total of 3527 ounces, so the price of rhodium per ounce is 3500 yuan.
What is 3500 multiplied by 3500? The price is $12.25 million. Yang Yong inadvertently stepped into the ranks of multi-millionaires overnight.
Not only Yang Yong was frightened, but even Smith, who was always calm, was not calm. Trembling with excitement, he watched Yang Yong smirk.
It took a while for Yang Yong to react and wiped his saliva. Very embarrassed, he asked Professor Javier, "Professor, is the price of rhodium metal reaching $3,500 the highest peak and there is still room for growth?"
And Professor Javier laughed and said, "You are asking the wrong person. Although I have research on metals, I am not a financial scientist. $3,500 per ounce is already the highest price in history. Is there any room for improvement? I can only see God's will, I can't help you with this, but I need to remind you a little."
Yang Yong nodded respectfully and lit a cigar for Professor Javier. He also lit a cigar and said, "Professor Javier, please speak directly. If it is a good suggestion, I will be very happy to accept it."
Professor Javier took a deep breath of his cigar, and when he saw that Yang Yong was so good, he also said seriously to Yang Yong. "Young man, I advise you to find a smelting company with better qualifications. The metal rhodium that smelts all the metal rhodium you own into the shape of gold bars is the real rhodium to prevent others from lowering the price,"
"You can smelt these bars of rhodium into pieces per ounce, which is easy to calculate, because rhodium has been salted to become rose red and other metal fragments like that will be driven down by others. So you better find a company. The smelting company helps you melt the rhodium and remove the impurities in it so that you can sell it for a good price.”
As for the suggestion given by Professor Javier, Yang Yong nodded in approval, after all, it was for his own good. This is equivalent to the difference between sand and gold nuggets.
Yang Yong humbly accepts good suggestions, and Yang Yong quickly took Professor Havel's advice to heart. Now that he knows what kind of material rose red metal is, the purpose of this trip has been achieved, so Yang Yong intends to leave, so he first stretches out his hand and shakes it with Professor Javier before saying.
"Professor, thank you for your answer, otherwise I have to be deceived. After I deal with these rhodiums and make money, I will definitely come back to you to treat you to a big meal. Thank you very much."
Professor Javier laughed and patted the back of Yang Yong's hand and asked with a strange expression, "The meal is free, but I want to ask the young man, are you really planning to sell these metal rhodiums?"
Yang Yong has nothing to hide about this, and he is not running a jewelry store, so there is no need to hoard these precious metals. Of course, I have to use rhodium to realize it, so I nodded and admitted it very generously.
"The professor is right, I am going to use these rhodium to realize the current situation, as you said, the price of rhodium is at the highest peak in history. The overall price is more than twice that of gold, of course not to be missed. So I The rhodium is going to be left behind to make jewelry, and the rest will be sold for a lot of cash.”
Professor Javier was waiting for Yang Yong's words, and said excitedly, grabbing Yang Yong's hand. "That's great, you also know that I am the appraisal expert of this jewelry store, but you don't know that I am also the owner of this jewelry store. I hope to buy the metal rhodium in your hands for our jewelry shop business."
"So I want to buy you some metal rhodium but don't worry, the price I'm giving you is definitely the highest price in the market, what do you think about $3,800 per ounce. And another advantage is that we don't need to pay taxes on our private transactions."
Yang Yong was very moved by this, and he was the first to signal his two subordinates to go out, and then Professor Javier also kicked his jewelry store manager out of the room. When Professor Javier and Yang Yong were left, Yang Yong asked very seriously.
"Professor, how much rhodium can you eat?" Professor Javier thought about it seriously, then looked into Yang Yong's eyes and said firmly.
"Young man, I won't hide from you. Although my jewelry store is the largest jewelry store in downtown Pittsburgh. But the current business is really not easy to do, and I don't have much liquidity in my hands. It is impossible to spend a lot of money. cash on top of precious metals.”
"So I don't need much rhodium, and 100 ounces is already my biggest stock. If it exceeds 100 ounces, I can't afford to eat it. How many ounces of rhodium do you want to sell at what price? We can talk about it. Let's talk."
Hearing that Professor Javier only needed 100 ounces of rhodium, Yang Yong felt very disappointed. Such a big jewelry store only needs 100 ounces of rhodium, which is really petty.
But Professor Harwell did such a big favor for himself and did not charge any fees, Yang Yong felt very embarrassed. Since he had several thousand ounces of rhodium in his hands, it was understandable to sell a little to Professor Javier's jewelry store.
What's more, private transactions don't need to be taxed, which is what Yang Yong wants to see the most. Besides, Yang Yong will continue to travel south to the top ten cities in the United States. If he doesn't have enough cash in his hand, he really dare not fight with these people. The local tyrants who are short of money meet each other.
Therefore, we do not reject the sale of a part of the metal rhodium. Not only do we do not reject it, but we are very happy to see an agreement between the two parties. Therefore, Yang Yong seriously considered the bottom-line price in his mind, which is like Professor Javier's serious answer.
"100 ounces of metal rhodium is not a big amount to me, but my metal rhodium is all granular like you can see. It's not a lump of metal, there must be a lot of impurities in it, so the price of $3800 I'm still okay with it, when do we trade."
Professor Javier, who was originally very nervous, jumped up from the sofa excitedly after hearing Yang Yong's promise, and laughed and gave Yang Yong a bear hug. Patting Yang Yong's back, he laughed loudly, "Thank you, young man. With this 100 ounces of metal rhodium, it is enough for our jewelry store to consume for more than 10 years. Thank you so much, we can trade right away."
Yang Yong struggled to break free from the arms of the little old man, Professor Javier. He didn't expect that Professor Javier, a dry little old man, had such great strength that he almost stunned Yang Yong.
After he got out of the fight, he coughed a few times before letting out a sigh of relief, and said to Professor Javier with a wry smile. "Isn't it some precious metal rhodium? Are you so excited? Nearly strangled me. Since you agreed to trade now, prepare your cash and I'll go back and prepare 100 ounces of rhodium and trade it at your jewelry store in two hours, you how do you feel."
Professor Javier laughed and patted Yang Yong's shoulder in confusion. "Young man, we have traded 100 ounces of the precious metal rhodium. It is a large-scale transaction. Isn't it more convenient to use bank transfers? Besides, where do you want me to find you that cash at this time? ."
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