In Hong Kong, we build a global business empire

Chapter 152 International gold prices continue to soar
Lin Haoran's funds during this period were mainly used to absorb shares of Hong Kong Electric Group and increase his shareholding in Hong Kong Electric Group shares, so he had no other development plans in the past two or three months.

In the blink of an eye, September passed and October passed.

During these two months, the price of gold continued to rise just as Lin Haoran had expected.

By early November, the price of gold had climbed to over $400 an ounce.

At this moment, his gold futures have risen by two hundred dollars per ounce.

However, Lin Haoran was naturally not satisfied and still waited patiently.

Since he has always trusted the company's management team when it comes to business management, he does not have much personal work to do. Although he has many industries under his name, he is quite free.

At Qingzhou Yingni Company, the profits have been increasing in recent months, and the profits in October even exceeded 10 million Hong Kong dollars.

Under Burton's leadership, Qingzhou Yingni successfully merged with Huafeng Cement Plant.

After the merger, Huafeng Cement Factory withdrew from history and became the Yuen Long Branch of Qingzhou Cement Company.

After more than a month of renovation, the Yuen Long Branch of Ching Chau Cement Company finally met the quality requirements of the Ching Chau Cement Plant and officially started producing cement under the Ching Chau Cement brand.

After that, Burton began to arrange the relocation of employees, first moving some employees to work in the Yuen Long branch.

The employees of Qingzhou Yingni Company were considered to be relatively well-off. Even though they were suddenly forced to move from the city center to the suburbs to work, not many people were willing to resign.

As a result, the Ching Chau Cement Company in Hung Hom became a lot quieter.

With fewer employees, the production volume in the production workshop has also decreased, and there is even no need to work night shifts.

Although there are diversification plans, the top priority now is to completely relocate the cement production business out of the city so that diversified development can be achieved in the future.

In the past few months, Qingzhou Yingni Company has generated a profit of more than 20 million Hong Kong dollars. Although it is far from comparable to the profits of Aigo Company, it is already very good.

The reason why Ching Chau Cement Company is valuable is because its land in Hung Hom is valuable.

If it had not opened up the Nanyang market and achieved good results, it would not have been able to achieve a monthly profit of tens of millions of Hong Kong dollars!
Originally, Chamberton wanted to use the money to buy land, but after careful consideration, Lin Haoran decided to use 20 million Hong Kong dollars first. The purpose was naturally to allow Universal Investment Company to continue to absorb shares of Hong Kong Electric Group.

In Lin Haoran's view, the top priority now is to acquire the Hong Kong Electric Group, and the small matter of buying land and making money can be put aside for the time being.

Qingzhou Yingni Company has become a private enterprise and is Lin Haoran's personal asset. If he wants to use the money for investment elsewhere, Burton has no reason to stop him.

In addition to the 11 million Hong Kong dollars from Qingzhou Yingni Company, Lin Haoran received another dividend of million Hong Kong dollars from Aigo Company in early November.

As expected, the fan orders of Aigo Company dropped significantly in October. The orders for the whole month of October were much lower than those for September, and it was impossible to be as strong as those in July and August.

However, both Liu Luanxiong and Lin Haoran knew that the order volume would be even smaller in November.

So they made preparations in advance. After soliciting the needs of many fan dealers in Europe and the United States, Liu Luanxiong finally decided to start producing two products, electric blankets and water-filled electric hot water bottles, in autumn and winter. Moreover, many dealers have decided to take a certain amount of orders from him for trial sales at that time.

After all, Aimego brand fans have been recognized by them, and they believe that the product quality of Aimego is still reliable.

Both electric blankets and electric hot water bottles are products with very low technical content. So when the number of fan orders gradually decreased and the factory area was no longer needed, we obtained the relevant production technology and suppliers of production materials.

Compared with fans, the profits of electric blankets and electric hot water bottles are no less than those of fans, and when winter really comes, the demand is equally huge.

In this way, these two products can help Aigo Company to safely survive this cold winter.

A few days ago, Lin Haoran went to Aigo Company and proposed the issue of dividends. He also visited the production lines of electric blankets and electric hot water bottles.

Although Liu Luanxiong is not familiar with the electric blanket industry and the electric hot water bag industry, many manufacturing industries are actually similar. The technical content of these two products is not high and they can easily enter the production line of Aimego Company.

In November, some areas in Europe and the United States have entered the cold season. For example, Canada is close to the Arctic Circle, so the demand for these two products is very high.

Therefore, after deciding to produce these two products in October, Aimego Company received a certain amount of orders.

Entering November, the order volume has increased again. At present, it is hard to judge how much profit value it can create for Aimego Company, but as long as the dealers’ sales are good, Aimego Company will naturally receive more orders.

In September, Lin Haoran received HK$9 million from Aigo Company, and in November he received another HK$11 million. Together with the HK$1.2 million from Qingzhou Cement Company, he collected HK$ million in these three months.

This amount of funds allowed Huanyu Investment Company to basically last until he sold gold futures.

On November 11, a hostage crisis occurred in Iran that shocked the world.

The first to be affected was the international gold price.

Subsequently, the price of gold continued to soar, soon breaking through the $500/ounce mark, and continued to rise.

At this moment, Lin Haoran's profit from gold futures has officially exceeded doubled.

This is far from the ceiling of gold prices. In December, another shocking event happened to the world: the Soviet Union officially invaded Afghanistan.

Affected by this, gold ushered in another wave of surge.

The gold market around the world seems to be going crazy at the moment. Although the economic conditions around the world are not good, huge amounts of funds are flowing into the gold market.

A series of wars made it seem as if the whole world was no longer at peace, making everyone think that hoarding gold was the best way to manage finances.

As a result, gold was hoarded by central banks of various countries, wealthy individuals, and even many ordinary people.

Apart from Su Zhixue, only a few senior executives of Citibank knew that Lin Haoran had a large amount of gold futures.

These include John Reed, today's senior vice president of Citibank, and Mr. Walter Wriston, chairman of Citibank.

During these few months, Lin Haoran received several calls from John Reed himself.

After his gold futures doubled, even Citibank Chairman Walter Wriston called him personally.

The reason is very simple. At this time, the funds in Lin Haoran's hands have attracted the attention of the top executives of Citibank.

If $5 million in gold futures doubles, that would be $ billion!
With such a huge amount of funds, not to mention Citibank, several other powerful financial institutions in the United States, such as JPMorgan Chase, Wells Fargo, Merrill Lynch, Goldman Sachs, etc., will pay attention to the owner behind this money.

It is obvious that Lin Haoran has now received special attention from Mr. Walter Reston, Chairman of Citibank.

During the phone call, Walter Reston expressed on behalf of Citibank his hope to have more cooperation with Lin Haoran and hoped that the two sides could become close partners.

Lin Haoran naturally agreed to this.

Citibank is one of the largest financial groups in the United States. Obviously, having good dealings with them will be more conducive to its development in the international business community, and will also be beneficial for its future entry into the US market.

Lin Haoran would naturally not be satisfied with just a small Hong Kong market.

Moreover, large financial groups like Citibank have a certain say even in Congress. If we can get their attention, maybe they can provide us with some unexpected help in the future.

Walter Wriston has been in charge of Citibank since 1967, which is 12 years ago. During his tenure, he has greatly enhanced Citibank's international status and brand value. It has not only attracted the attention of the US banking industry, but has also often been the focus of global attention.

Although John Reed will take over Walter Reston's position in five years, at least for now, Walter Reston is still the person in charge of Citibank. Being on good terms with these two people means having a good relationship with the current and future heads of Citibank.

"Mr. Lin, your gold futures have more than doubled your profit now. Don't you plan to sell them?" John Reed, senior vice president of Citibank, was shocked and curious that Lin Haoran could hold on to these gold futures calmly.

Could it be that Mr. Lin is an insatiable person?
But through the contact during this period, he felt that it was not the case. Instead, it seemed that the gold market was full of confidence and he was not worried at all that the gold stock price would plummet after rising so much.

Today is December 1979, 12. In a few days, we will officially enter 28.

"Mr. John, actually, I am very satisfied with the current international gold price. I have planned to go to New York again tomorrow, and then I will make arrangements for my gold futures." Lin Haoran said with a smile.

John Reed had actually asked this question three or four times, but every time, Lin Haoran's answer was: "Don't worry, I am very confident in the gold market."

Even John Reed did not expect that Lin Haoran's answer this time would be completely different from the previous ones.

"Yes, my suggestion is that it's time to sell it. When you cooperated with us half a year ago, I never thought that your gold futures contracts could double your profit. No, it has more than doubled now. The latest gold price has exceeded $600 per ounce!" John Reed replied with some emotion.

Lin Haoran smiled at John Reed's words and did not continue talking about this topic.

Lin Haoran is not satisfied with $600 per ounce.

Even though it has just broken the $600/ounce mark, Lin Haoran knows that in the next ten days, the gold stock price will experience a real super surge!

It only took a few days for the price to rise from over 600 US dollars per ounce to a peak of 850 US dollars per ounce.

Previously, although the increase was fast, it would take at least one or two months to increase to $100 per ounce.

But this time, the price increased by more than $200 per ounce in just a few days.

Such an exaggerated increase, if Lin Haoran was not a time traveler, he would not believe that such a thing was true.

It's simply outrageous.

Lin Haoran knew that he could not make a move at the price of 850 US dollars per ounce. The international gold price changes in real time. The international gold price has an opening price, a middle price and a closing price.

This amount of gold futures he has is not a small sum. Once it is sold, it is estimated that it will have a certain impact on the gold price.

But as long as it can be more than $700 per ounce, he will be very satisfied.

(End of this chapter)