A century-old wealthy family that rose from Shanghai

Chapter 161 Preparing to Speculate in Gold

Yu Boying came to Sun Chunsheng's office with some newspapers.

"Boss, Changjiang Real Estate has started selling Western-style buildings again, look!"

Sun Chunsheng quickly took the newspaper. He hadn't had time to read it this morning, but he saw the following words written on it:

【The well-known real estate company, Changjiang Real Estate Construction, is the best guarantee of reputation;

There are dozens of villas on Yuyuan Road, which can be purchased in layers and have title deeds;

The minimum down payment for each floor is only 1410 yuan, and the minimum monthly payment is 137 yuan for 24 installments;
The house will be delivered in one year with high quality.

Real estate in prosperous areas is the most stable and high-interest investment.

The company has extensive real estate experience and has sold thousands of Western-style buildings, receiving widespread acclaim.

When you buy a house, you can also draw gold, with a 100% chance of winning.

The sale will start on September 9th at the XXX Changjiang Real Estate Sales Office.

"Damn it, they knew we were about to open the market, so they opened it early on purpose. Look, their price is still the same, and they're still doing the gold draw thing, which is obviously an attempt to suppress us!" Sun Chunsheng said angrily.

In fact, he also wanted to compete with Changjiang Real Estate, after all, he lost the land of Dahua Hotel.

However, they did not expect that as soon as they started to develop in Yuyuan Road, Changjiang Real Estate would become so aggressive.

Yu Boying frowned and said, "Take the western section of Yuyuan Road as an example. Our land price is much higher than theirs, and the costs themselves are high. In addition, Changjiang Real Estate has a very good reputation in this area, so we are inevitably at a disadvantage in the competition. However, we can't wait any longer, after all, we don't know if they still have land!"

Sun Chunsheng immediately said, "Of course, if that's the case, you should immediately put an advertisement in the newspaper. We will also open the sale on the 10th and hold a gold lottery. I don't believe that people will not buy houses when they have them, and will only buy houses from Changjiang Real Estate."

This time, Jinxing Business Company also has more than 60 Western-style buildings for sale. This is their first "phased and layered" project.

"Okay, I'll make arrangements right away!"

After Yu Boying left, Sun Chunsheng suddenly laughed and said, "Why should I fight with him? Real estate is so prosperous nowadays, and there's money to be made everywhere. Changjiang Real Estate can only afford to develop remote areas like Yuyuan Road!"

He has already planned to develop in a better location after this project is sold.

Moreover, Sun Chunsheng also believes that selling all the houses is not a good idea.

"After I make some money this time, I'll develop luxury apartments for rent. It's more cost-effective in the long run! Of course, if there's an opportunity, we can also do 'phased and layered' development at the same time. We can reach a reasonable arrangement for both renting and selling!"

Finally, Sun Chunsheng’s ambition in real estate is growing, and he is ready to do something big!
Soon the day of the two companies opening for sale arrived, and Chen Guangliang could clearly feel that the popularity was not as strong as before. In fact, not only had competitors like Jinxing Business Company emerged, but there were also some sporadic "installment and layered" sales projects.

But what is certain is that the original large real estate companies in Shanghai (Ye Guang, Hardoon, Sassoon, Yingfa, etc.) and bank trust institutions (Siming, Jincheng, Xingye, Savings, etc.) still remain dismissive and continue to dream of collecting rent.

At the sales office of Changjiang Real Estate, although the popularity is not as high as before, there are still a good number of customers coming to participate. Chen Guangliang took a look and thought that even if the houses cannot be sold out in three to five days, there will be no problem in ten days.

Yuyuan Road still has its limitations, and many wealthy people simply don't look down on it. But if it were located on Nanjing West Road, the situation might be much better.

At the scene, there are customers who always say this: "You are not the only one opening a house today, others also have houses for sale!"

The salesperson immediately replied, "Then you have to consider who the developer is. This 'installment and tiered' sales model is the ultimate test of a real estate company's credibility. At Changjiang Real Estate, we've sold over a thousand floors of buildings on Yuyuan Road in two years, and we've already delivered hundreds of them. That's what credibility is all about."

"That's right, I came here specifically for your Changjiang Real Estate!"

"Thank you for your trust. We are holding a lucky draw. You can definitely win a small yellow croaker. If you're lucky, you can even win a large yellow croaker, which is equivalent to more than three months' installment!"

What Changjiang Real Estate competes on is performance. Some customers can even visit their completed houses and new lanes under construction.

Around nine o'clock in the morning, the number of people gradually increased, and there were about five or six hundred people.

"My friend bought their house last time and sold it to someone else within a month, making a net profit of 800 yuan!"

"Can I resell this after I buy it?"

"Of course I am. My friend said it's a resale contract. All we need to do is get Changjiang Real Estate involved and sign a new three-party contract. I never thought we could trade the house before it's even built, and make a killing. So, I might as well buy two today as an investment!"

For a moment, many people were excited!
Many people worry about what to do if they don’t want to use the service after paying the money, which could result in huge losses. But now, it seems that is not a problem at all!
Real estate in Shanghai is currently experiencing a surge in prices, especially land prices, which change daily. The lowest land price on Yuyuan Road is over ten thousand yuan.

Taking the example of building a 9-story residential building on one acre of land, the current land price is 1200 yuan per floor, and the construction cost is generally 1400 yuan. If you add the taxes and fees of the real estate company, the cost is nearly yuan.

Now that Changjiang Real Estate is not raising prices, many investors see business opportunities!

the other side.

The sales office of Jinxing Business Company is decorated similarly to that of Changjiang Real Estate, but its popularity is only about a quarter of that of the company.

Sun Chunsheng suddenly became anxious. He quickly arranged for Yu Boying to go to the Changjiang Real Estate Sales Office and ask about the situation and see how popular they are.

"Okay, boss."

Yu Boying went out immediately, and when he reached the side of the road, he was stunned!
Someone was holding a flyer, aggressively soliciting customers: "Sir, if you want to buy a house, we are from Changjiang Real Estate, the most well-known real estate development company in Shanghai. We have a good reputation, the delivery date will be brought forward, and the house is of high quality!"

The client who was originally riding in a rickshaw to look at the house of Jinxing Business immediately stopped the rickshaw and asked, "I am here to see the house of Jinxing Business Company."

"Sir, we at Changjiang Real Estate have already developed over 400 villas on Yuyuan Road. We planned and designed the entire Yuyuan Road and have a good reputation. If you're looking to buy pre-sale properties, you might want to consider us!"

"Okay, lead the way"

Yu Boying looked at the customer who suddenly turned around, and immediately hurried back to report and make arrangements. The robbers had come to his doorstep!

"What? They arranged people to distribute flyers and solicit customers on the street. This is really too much! Let's go and take our people to take a look!" Sun Chunsheng couldn't sit still when he heard it!

When they finally reached the street, reality dealt them an even harsher blow.

Chen Guangliang has a lot of laborers under him, no matter his background. Today, the streets are full of smart people transferred from car dealerships to work part-time.

I couldn't win by fighting, and I couldn't argue with him, because this street didn't belong to Jinxing. "I'm going to talk to your boss!"

Finally, seeing that he was about to be beaten, Sun Chunsheng quickly said something.

"Boss Chen, your people came to our door to distribute flyers. Is this right?" Sun Chunsheng finally met Chen Guangliang and questioned him face to face.

Chen Guangliang looked at Sun Chunsheng in front of him. He was only in his early thirties and could be said to be young and promising.

He pretended not to know and said, "If this really happened, how could I not know it!"

Sun Chunsheng knew that someone like Chen Guangliang, who came from a car dealership, must have many tricks up his sleeve, so he patiently said, "Your people are handing out flyers and soliciting customers on that small street outside our house. This is already abnormal business competition. Boss Chen is also a big shot in the real estate industry. You can't think this is normal, right?"

Chen Guangliang then said, "Boss Sun, you forgot one thing. We also have a property on that street. So as long as we don't go to your sales office to promote our property, it's perfectly normal. If you have time to waste here, you might as well arrange for your own people to go to the street to promote our property."

Sun Chunsheng choked and left in dissatisfaction!

He has to suffer this loss whether he wants to or not.

As an apprentice, you have to learn more from your master.

Of course, Chen Guangliang called Guo Deming over and said, "Just block the intersections on both sides, don't really solicit customers near people!"

"Okay, I'll make arrangements right away!"

Watching Guo Deming leave, Chen Guangliang couldn't help but smile with satisfaction, although he also understood one thing - that the house could be sold eventually, after all, this was just the beginning; however, he preferred to sell it quickly, which was called securing the profit.

The statistical results came out that evening.

The number of floors signed by Changjiang Real Estate on that day was 62, which exceeded one-third of the total number.

The result is pretty good. Of course, sales will definitely slow down later, but it will be no problem to sell out in ten days.

That day, Chen Guangliang came to Yan Zhiduo's office.

"Uncle Yan, I would like to ask you something about the Shanghai gold market?" Chen Guangliang asked humbly.

The Yan family runs a money shop and is very familiar with this business.

Yan Zhiduo was slightly stunned, then asked, "Are you interested in gold speculation?"

This business is too broad. Although Chen Guangliang is doing well in all his businesses, it does not mean that he can also be good at finance.

Chen Guangliang noticed that his elder was a little worried, so he said, "Yes, I recently analyzed a major opportunity based on overseas news. If I don't seize this opportunity, even if I don't participate, my assets will be equivalent to depreciating by half."

Yan Zhiduo immediately asked, "Do you mean that silver is devalued?"

China's currency is based on silver, and it will depreciate even if nothing is done. That is the depreciation of silver!

Seeing this, Chen Guangliang also said generously: "My recent analysis has led to a conclusion. The large gap between the rich and the poor in the United States, excessive stock market speculation, and excessive credit consumption have concealed the contradictions between production and sales. Therefore, once the bubble of the US economy bursts, the entire Western world will fall into an economic depression. At that time, everyone will buy gold to preserve their value, and silver will depreciate."

Even if he told her, Yan Zhiduo would not believe it blindly; and even if he believed it, he would not bet all his money on it; even if he was interested, he was his future father-in-law, and there was no problem in making money together.

Yan Zhiduo asked Yan Hou, and said with some disbelief: "The US economy is doing well, how could it suddenly go into depression? Moreover, how can the US influence the entire West? You are obviously exaggerating. But you, a young man, have such analysis, which shows that you are really studying hard!"

Chen Guangliang said calmly: "Even if I don't make a lot of money buying gold, at least I won't lose money!"

Yan Zhiduo then laughed and said:
"That's not necessarily true! Let me introduce you to the Shanghai gold market: In 1920 and 1921, the Shanghai Huashang Securities and Commodities Exchange established the Shanghai Gold Exchange and the Shanghai Gold Exchange, respectively. These are the two main venues for gold speculation in Shanghai. Of course, the most important is the Shanghai Gold Exchange, which dates back to the Qing Dynasty and was formed by the merger of many gold exchanges."

"For speculating on gold futures, there are two types of trading: spot and fixed-term. Spot trading is for same-day delivery, while fixed-term trading is limited to two months, with delivery in the expiration month (even-numbered months). This type of futures trading facilitates speculation in gold futures."

"Speculating on fixed-term bonds only requires a certain amount of margin, but more often than not, it's guaranteed by reputation, so you can often make ten dollars worth of business with one dollar."

"Every year, the trading volume of gold bullion speculation reaches hundreds of millions (10 million) large yellow croakers ( taels of gold per bar). The Shanghai gold bullion speculation market is only second to New York and London. It is truly a big casino."

"For example, today's market price is 405.55 (meaning a large yellow croaker worth 10 taels of gold costs 405.55 silver dollars), but the minimum transaction is 100 taels, or 4055.5, and transactions often involve dozens of lots. A single dollar fluctuation in the market price translates to hundreds of dollars in profit. A single dollar fluctuation in the day translates to a profit or loss of 1 to 1 silver dollars on the Shanghai Gold Exchange ( to large yellow croaker are traded daily)."

"If there is a big fluctuation, how many people will lose everything!"

After listening to this, Chen Guangliang said firmly, "Don't worry, Uncle Yan. I'm just trying to prevent asset depreciation, not necessarily speculating in gold. Besides, I made this plan based on various analyses, so I have great confidence."

Yan Zhiduo nodded and said, "I trust you on this point. So, let's set up a bank together. I'll take 1% of the shares and you'll take 9%. I'll arrange for some people to work for you so that you don't have any experience at all!"

Chen Guangliang immediately said, "Okay, then I will invest 270 million silver and Uncle Yan will invest 30 silver. We will use half to buy spot goods and the other half as margin for futures trading."

Yan Zhiduo's eyes suddenly widened, and then he said in disbelief: "You are so confident?"

As far as he knew, Chen Guangliang could earn about two to three million yuan from the real estate business on Yuyuan Road, and he had put all his assets on the line.

Chen Guangliang said confidently: "I'm not a gambler, let's just wait and see!"

Yan Zhiduo thought that Chen Guangliang had been doing very well in business, and even his father said that he had great luck, so he might as well take advantage of his situation.

"Row"

Chen Guangliang nodded and said, "Then I will set up a 'Yangtze River Bank'. Uncle Yan will arrange for a few smart guys to come and help. You can just give them some pointers!"

He would definitely arrange for the finance and staff of Changjiang Real Estate to come and take charge, after all, this was all the money he earned this year.

As for where his 270 million yuan came from, it was naturally through borrowing.

Of the 260 million yuan loan promised last time, Chen Guangliang only used less than 150 million yuan in the end. In addition, his house on Yuyuan Road continued to sell well, so it was not difficult for him to get loans from various banks and money houses.

In addition, the 70 yuan in housing funds recovered from Yuyuan Road can also be used, so actually only 200 million yuan in silver needs to be borrowed.

(End of this chapter)