Abandoned the Immortal Cultivator, returned to his hometown to farm and sing

Chapter 1111 1102. Gold Moves People's Hearts

Mr. Liao, who cleared out the remaining goods in six warehouses in three days, walked out of the crowd alone, found a secluded place and took out his phone.

I opened the address book and subconsciously placed my finger on the first name at the top [CCB-Credit-Yue Xiang].

I looked at the time again. It was 10 a.m. Dubai time.

If I do some calculation, it’s 2pm in China, which is the working time.

Then he dialed the number.

The phone rang five times and then it was connected.

Before Mr. Liao could say anything, the other party spoke first, "Mr. Liao, I have told you many times that your factory's loan cannot be extended, the loan limit cannot be increased, and it cannot be used as an inventory mortgage loan, even at a 70% discount. Given your factory's operating conditions, you cannot borrow new money to repay old debts."

There was a long string of crackling words, and Mr. Liao had heard the same clichés so many times that he didn't know how many times he had heard them.

In the past, every time after listening to this, Mr. Liao would sigh for a long time, smoke one cigarette after another, and bubbles would appear at the corners of his mouth.

But today, it’s different!

Mr. Liao couldn't help but curl up his lips, pretending to be calm and said: "Manager Yue, let's not talk about the loan renewal this time. I got a batch of gold, not much..."

At this point, Mr. Liao paused and counted the money in his hand. "It's a little over 16 kilograms. I'd like to trouble you to help calculate how to use this batch of gold appropriately."

"Gudong~~" A heavy swallowing sound came from the other end of the phone, followed by a loud bang! .

It sounded like the sound of dragging a chair, jogging, and banging on the door.

Then it was Manager Yue who spoke in a low voice, "Mr. Liao, you are not kidding, are you? It's 16 kilograms, not 16 grams? You haven't done anything illegal, have you? We have known each other for so many years, and we are friends in addition to work. I have to remind you that the law is strict and there is no such thing as a free lunch. It is illegal to counterfeit gold, and don't believe anyone who says that heirloom gold is in a hurry to sell it!"

What has he been thinking about for such a long time? It seems that he has experienced a lot.

In short, I just don't believe it.

Mr. Liao was not angry at all. He was very happy now and continued calmly: "It must be true. The consul and counselor of the consulate general are watching here. They teach us how to trade, transport and pay taxes. How can we not be assured?"

Hearing about the consulate and counselor, Manager Yue on the other end of the phone suddenly became excited, "You are abroad?"

Mr. Liao immediately started to act like a Versailles man. "I came to Dubai and had good business. I made over 9 million. I had to pay a handling fee for the exchange, so I planned to buy some gold to take back. This stuff holds its value."

"Dubai? The Oriental Commodity City? Brother Liao, you have been there. I heard that many companies here have gone there." Manager Yue replied immediately.

Mr. Liao smiled bitterly in his heart. Now that he has money, the treatment is different, even the title has changed.

But he still answered calmly, "Yes, it is the Super Oriental Commodity City. I have sold out all my inventory, but it is still not enough to sell. I have to buy raw materials and work overtime when I go back in two days."

Manager Yue immediately understood what Mr. Liao meant. "I understand, Mr. Liao. You can use the money from selling goods to buy gold and expand production. I will calculate how to make the most profit for you."

Then there was the sound of the mouse clicking and the clacking of calculator keys.

After working for a while, he finally said, "Brother Liao, I think the most important thing for you now is to recover funds and expand production, which will definitely require a large amount of cash. Gold has been rising in the past two years. If you sell it directly, it will be a good deal. If it rises again later, you will lose money."

"Look, you can mortgage your gold, which is 960 kilograms, for 75 million yuan, to our bank. I will approve it for you at 720%, and you can get a loan of 3.5 million yuan at an interest rate of %."

"You still have 370 million yuan of operating loan in our bank, the interest rate is 4.5%. We can use gold as collateral to replace it, which can save one percentage point of interest. I will extend the loan period for you for two years." "Gold is hard currency. You have so much gold in our bank. The bank will include it in the risk mitigation tool and release another 350 million yuan of credit line to you. You can take as much as you need and repay as you use. The interest is calculated on a daily basis."

"Originally, our bank's loan and repayment quota did not have an interest-free period, but for gold mortgage customers, we can help you apply for a 20-day interest rate discount period. For a single loan of more than 2.8, the interest will be calculated at % for the first days. This is the best choice for your purchase turnover."

"The most important thing is that the gold is still yours. In the future, the appreciation of gold may be able to cover the interest. It is very suitable to use the bank's money to make money for you."

Manager Yue said a lot of things, and Mr. Liao thought about it for several times before he could figure it out. "That is, I will take the gold back and put it in your bank for mortgage loan. The interest rate is low and the credit limit is high. My original loan can be extended and the interest rate can be reduced. You can also give me a credit line of 350 million with preferential interest rate."

"Right, that's what I mean. Or maybe your business is getting bigger and bigger, and it's obvious." Manager Yue immediately flattered him and then made an invitation, "Brother Liao, when you come back one day, we haven't seen each other for a long time. I'll host you and have a get-together."

Mr. Liao felt so happy. Ever since his factory started to perform poorly, he hadn't heard so many warm and smiling words from the bank staff for several years.

Gold is exciting.

I have requested for a loan increase or extension countless times, but it has never been granted.

Now that we know there is gold, all we need is one phone call and everything is done.

How much do banks like gold?

Nonsense, which bank doesn't like collateral that can be quickly converted into cash and maintain its value? The main reason is that it has low risk.

Moreover, if the gold is mortgaged to a bank, the bank can lend the gold out to jewelry makers or traders and earn a lot of interest.

Make money on both ends.

After hanging up the phone, Mr. Liao felt as refreshed as if he was going out to drink a big bottle of ice-cold Coke.

It's summer now, but there's still a desert outside.

Mr. Liao immediately told Mr. Lu that he could get the gold back and use it as collateral for mortgage loan.

Soon after, all the Chinese businessmen present knew about it and called the banks they were familiar with one by one, and all they received were good news.

Nowadays, every business owner needs loans.

When I looked at the golden pyramid in front of me again, I had a different feeling: the capital chain was connected.

Then hurry up and make the deal.

A group of businessmen swarmed around the men in white robes, calculating prices, signing orders, and handling formalities, and they were busy and happy.

But during the transaction, someone discovered something strange.

For example, Xu Ruijie approached Liu Piaoliang and asked curiously, "Didn't we introduce Abu Dhabi Gold and Jewelry Company at the beginning? How come there are seven now?"

He also had a doubt, "I'm afraid that people who come here to do business will buy gold back. It's not a small amount. Why do they allow us to buy so much?"

Liu Piaoliang smiled mysteriously, "There are seven emirates in the UAE, so there are seven. Just when things are getting a little better, the peaches are coming..."

(End of this chapter)