Reborn as a tycoon in Hong Kong

During the time when Lin Baicheng and the others flew to New York.

The bulls temporarily won the long-short game of gold prices. The price of gold broke through the price of 230 US dollars per ounce and rose to about 233 US dollars per ounce.

It's around 11pm New York time. Although the international gold price is traded throughout the day, the trading market is dominated by London and New York time, where transactions are most frequent during the day.

London time is about 5 hours ahead of New York time, so New York time is around 11pm, while London time is around 4am. These two times, one is when people are getting ready to fall asleep, and the other is when people are sleeping soundly, so almost no one will trade at this time.

Therefore, Lin Baicheng just arranged for his employees to take turns paying attention to the changes in gold prices, while he himself went to sleep in the reserved hotel.

When he woke up around eight o'clock the next morning, Lin Baicheng learned from Isabella and Bill Harveys, who had already gotten up first, that the gold trading volume in the morning was not large and the price did not change much.

After breakfast, Lin Baicheng took his bodyguards and team to Goldman Sachs on Wall Street.

After that, Lin Baicheng stayed in the VIP room with his team, traders and others, waiting for the gold price to change.

Since many parties were strong yesterday and the gold price broke through the price of 230 US dollars per ounce, the possibility of the gold price continuing to rise is higher. Lin Baicheng has decided to start selling at the price of 235 US dollars per ounce. In the UK and Japan, Lin Baicheng has already notified by phone that he has started selling slowly at a price of US$235 per ounce.

At nine o'clock in the morning, the trading volume in the international gold trading market began to increase significantly. Bulls continued yesterday's strength, and the price of gold continued to rise, reaching a price of US$235 per ounce in less than 20 minutes.

At this time, Lin Baicheng's long gold futures position began to slowly sell in small batches.

Lin Baicheng's futures orders were only sold slowly in small batches, so they did not affect the continued rise in gold prices. This is why Lin Baicheng sold slowly.

Of course Lin Baicheng can sell a large amount quickly, but doing so will increase the power of the short side in disguise. If the strength of the long side is not strong enough, it can easily be considered that the short side is counterattacking, causing more short sides to follow up, and then Suppress the price of gold. However, if the price of gold continues to be suppressed, Lin Baicheng's futures orders have not been sold out, which will do him no good at all.

Therefore, Lin Baicheng would definitely not do such a stupid thing, and it would be in his interest to sell slowly.

Throughout the day, although shipments were slow, the trading volume in the international gold futures market was very large, so at around 3 p.m., all of Lin Baicheng's long gold futures were delivered.

After statistics of Goldman Sachs' two long gold futures transactions, the part with a principal amount of US$170 million was sold at an average price of US$237.4/ounce, and the part with a principal amount of US$200 million was sold at an average price of US$237.34/ounce. Sold at the average price, there is not much difference between the two.

After calculation, with a principal of 170 million U.S. dollars and a leveraged financing of 1 billion U.S. dollars to go long, the cost price is 167.7 U.S. dollars/ounce, and the average selling price is 237.4 U.S. dollars/ounce, an increase of a little more than 41.56%. After deducting the handling fee, the profit $415.5 million.

Of the US$170 million principal, US$100 million was loaned by Lin Baicheng from Goldman Sachs last year, and US$70 million was the profit from the last time. The total profit was actually US$485.5 million. However, the US$1 billion in leveraged financing was in mid-April, and so far six months of interest have been paid, which is 4.6% interest on US$1 billion, or US$46 million.

Therefore, after deducting all handling fees and financing interest, Lin Baicheng's total profit was actually US$439.5 million.

On the other hand, with a principal of US$200 million, the leveraged financing is US$2 billion long, the cost price is US$163.3/oz, the average selling price is US$237.34/oz, an increase of 45.34%, and the profit after deducting handling fees is exactly 900 million. Dollar.

Because it is leveraged financing that can be ended at any time, the annual interest is not just 9.2%, but as much as 12%, and the interest is calculated based on the number of days. A total of 140 days, less than 5 months, but the interest to be paid is also 4.6%, which is US$92 million, and the actual total profit is US$808 million.

The combined profits of both parties were US$1.2475 billion.

Lin Baicheng decided to give 7.5 million US dollars as a reward to all members of the team. The trader, accountant, lawyer, and the two assistants Isabella and Bill Harveys all had a share. Among them, Isabella could receive the bonus. Of course the most.

As a result, Lin Baicheng's remaining profit was US$1.24 billion. Lin Baicheng decided to settle all of it. Isabella and Bill Harveys led the team to negotiate and calculate with Goldman Sachs.

Because it was just a settlement of interest, it was not too complicated. Before leaving get off work that day, Lin Baicheng's total funds of US$1.44 billion were transferred to his account at Goldman Sachs. At this time, these funds belonged to Lin Baicheng and had nothing to do with Goldman Sachs. They were just placed in Goldman Sachs's account.

Lin Baicheng's principal actually amounted to US$300 million, but he only took away US$200 million of the principal. He did not take away the US$100 million in principal borrowed from Goldman Sachs, but temporarily placed it in a US$1 billion financing account. , it’s just that there is no operation for the time being.

A total of 1.44 billion U.S. dollars. Not all of this money belongs to Lin Baicheng. The principal of 200 million U.S. dollars is definitely not taxable, but the profit of 1.24 billion U.S. dollars still has to pay taxes. With such a large amount of profit, the IRS will definitely keep an eye on it. There is no possibility of tax evasion and tax avoidance can only be carried out legally.

How much tax can be legally avoided and how much tax you actually have to pay will be left to your professional team to handle.

"Ellen, I won't send you off anymore. Remember to contact me when you have a celebration party."

When Lin Baicheng and his party left Goldman Sachs, Wade Thomas walked Lin Baicheng to the door. When Lin Baicheng's team was doing calculations with Goldman Sachs, it was Wade Thomas who entertained Lin Baicheng.

This time, Lin Baicheng made a profit of US$1.2 billion. Goldman Sachs was envious, and Wade Thomas himself was even more envious. However, Goldman Sachs did not make any mistakes, because Goldman Sachs made nearly US$140 million from Lin Baicheng, which was 10% of Lin Baicheng's profit. many.

Although only one-tenth of Lin Baicheng's profit was, Goldman Sachs earned interest without any risk, while Lin Baicheng's long futures operation was risky, and the two are not the same concept.

Lin Baicheng smiled and nodded: "Of course, Thomas, don't worry, I will definitely invite you then, but don't forget the acquisition I entrusted you with."

Wade Thomas solemnly said: "Don't worry, completing client entrustments has always been our top priority." There is a commission for completing entrustments. How could Goldman Sachs forget about making money?

Lin Baicheng stopped talking to Wade Thomas, said goodbye, got in the car and left.