Chapter 590 [Fried gold! 】

Zurich Switzerland.

  In a villa near Lake Zurich, Wu Guangyao is reuniting with his family;

  On the grass in the yard, Wu Xianli and Wu Peiyu are playing badminton;

  Wu Guangyao and Mrs. Sutton were on the roof terrace, hugging each other, looking at Lake Zurich not far away.

  Although Mrs. Sutton is 52 years old, Wu Guangyao is also very natural and loving when he embraces her;

  Possibly, although the two have lost a lot of passion, they have also established a strong family relationship.

   Holding Mrs. Sutton, there is also a feeling of'holding your hand and growing old together' in my heart.

  White swans and wild ducks (mandarin ducks) can be seen everywhere on the lake, leisurely, and a harmonious scene;

  The northern shore of Lake Zurich is home to the rich, known as the "Golden Bank", while the southern shore is called the "Silver Bank".

  The villa of Mrs. Sarton is on the north shore, and the distance from the city is moderate;

   Not only is it convenient to travel, but also can be quiet!

  Of course, for such a wealthy family, it is naturally ‘one set in front of you, one set behind the back, one set in the city, one set in the suburbs, one set in the east, and one set in the north’;

  Usually, children read books and live in a European-style villa in the urban area.

   "The environment here is really good!" Wu Guangyao couldn't help but exclaimed.

  Switzerland has the safest financial system in the world, and Zurich is the representative city of the Swiss banking industry and one of the largest financial centers in the world;

  At the same time, Zurich is known as the most livable city in the world!

  Mrs. Sarton said happily: "If you like, live here more!"

  Wu Guangyao couldn’t bear to beat Madam Sarton’s enthusiasm, and said with a smile: “It just so happens that there are a lot of things in Zurich this time!”

  This time I came to Zurich, Wu Guangyao came to check the gold purchased by the banking institution here;

  At the same time, we should also have some exchanges with the staff of the second family headquarters here.

  Since April 1976, the ‘Guangyao Family Office’ has purchased gold spot in Switzerland, London, and Hong Kong, and deposited it in the hands of large reputable banks;

  The current average purchase price is about 115 US dollars per ounce, about 4 million US dollars per ton, and the global procurement situation is about 500 tons;

  Although the procurement speed is slow due to the large amount of procurement, Wu Guangyao is not in a hurry at all;

  Even if it is 200 US dollars an ounce, you have to store 1,000 tons of gold;

  This stuff, you can’t lose even if you want to lose!

  And 1000 tons of gold, based on the average price of 135 US dollars per ounce, it is estimated that it needs 5 billion US dollars;

  In 1980, this batch of funds was as high as 30 billion US dollars.

  The investment time spans only 4 years, which is very cost-effective, even more cost-effective than speculating in Tokyo real estate!

   "By the way, how is the real estate industry in Switzerland? Can it be done?" Wu Guangyao asked with concern.

  Mrs. Sarton’s business is mainly real estate. The real estate business in the United Kingdom has been developing well. Even after immigrating to Switzerland, the British Real Estate Department also has old officials to take care of it;

  As for Mrs. Shatton, the real estate industry has been opened up in Switzerland over the years.

   "Well! Very easy to do. I feel that as long as I learn your real estate theory, I can make money when I go to that country to do real estate!" Madam Sarton looked at Wu Guangyao and flattered her.

   But it seems to be right!

   "Well, I have wronged you! If you are not Chris's mother, how can you not have this property!" Wu Guangyao said, holding Mrs. Sutton.

  Mrs. Sarton suddenly became nervous, looked back, and found no one, relieved.

  "I’m just saying that, we can’t talk about our relationship anymore, we are sisters! And, I enjoy this kind of life, I don’t need to be a strong woman."

Although Mrs. Sarton is the boss of a real estate company, she never accepts interviews;

   is the power in the company, which is also in the hands of professional managers, and she manages the company behind her back.

  This is worrying about her identity being exposed and causing trouble to Chris!

  Currently, Mrs. Shatton’s business includes GH Real Estate Company and part of MGM’s equity;

  However, Wu Guangyao gave a lot of pocket money. There are always tens of millions of dollars each year for the purchase of fixed assets.

  The next day, Wu Guangyao and Mrs. Sutton came to the second headquarters of ‘Guangyao Family Office’ in Zurich (second only to Hong Kong);

  The head of investment management of the family office, Peter Lynch, first came to the office and reported to Wu Guangyao.

  Peter Lynch can be said to have won the heart of Wu Guangyao, even Robertson of the Tiger Fund can’t match it;

  Because this is a very loyal and stable financial talent.

  "Boss, I have made an appointment for you to check the vault. UBS is about this afternoon, and Credit Suisse is about tomorrow morning. They are all accompanied by their president and have an appointment for a banquet."

  Wu Guangyao nodded, there is no big surprise for the importance of the two banks!

   "By the way, help me organize a foreign exchange investment team, mainly to speculate USD/JPY!" Wu Guangyao said.

   "Okay, it will be ready in three days! Does the boss have any suggestions?" Peter Lynch asked.

  Peter Lynch knew that the investment department of the ‘Guangyao Family Office’ did not have much funds for independent investment, only several hundred million dollars;

  Most of the funds need this person to give oral instructions, and then the investment team will execute them;

  Of course, this boss only understands big trends. In terms of details, he has to rely on the family investment team.

  However, Chacha is such a big trend, which makes people feel very admired;

  Peter Lynch thought in his heart, if he and his boss have the same money, he should invest;

  After a few years, the rate of return will be crushed by the boss!

Wu Guangyao thought for a while and talked about his memory: "Since the Japanese yen has implemented a floating exchange rate with the US dollar, it has gone up all the way; from 360:1 at the beginning to 280:1 today, but I think it will continue. Going higher, in the latest wave, I traded according to the result of 220:1."

  Wu Guangyao directly told Peter Lynch the result, and after that, he would be the shopkeeper.

  Peter Lynch asked again: "The boss's personal funds do this transaction?"

  Wu Guangyao implements the separation of family funds and personal funds, and personal funds will maintain a much higher ratio than family funds until he is not dead;

  And my personal funds are used for investment through the family office investment department, but they are not included in the family fund.

  Wu Guangyao nodded, and said: "Take out 300 million US dollars and add a 5 times leverage. Let's do it!"

  Add 5 times the leverage. If the 300 million US dollars are to be liquidated, the yen must depreciate against the US dollar by at least 20%, which is obviously impossible;

  The appreciation of the yen is a trend. Throughout the 1970s, the yen appreciated up to 220:1, and then depreciated slightly against the US dollar at 240:1;

  In the 1980s, there was a very important point. Since 1985, the yen began to appreciate substantially. From the 240:1 exchange rate to the US dollar, it rose to 130:1 in only three years.

  Forex speculation can add up to a hundred times leverage, floating up and down by one point, you can make double the profit or liquidate your position;

   Obviously, this kind of gambler's game, Wu Guangyao is impossible to operate like this.

  According to the usual investment strategy, Wu Guangyao pursues stability, which can be said to be a 100% victory (large historical trends, small trends do not trade);

  Originally, adding a ten-fold leverage can be a stable win, but Wu Guangyao is also afraid of problems with his memory;

  In case there is a 10% depreciation in the middle, and then a sharp appreciation!

  However, taking 10,000 steps back, even if the 300 million US dollars loses, it seems that Wu Guangyao will not feel heartache;

   is equivalent to reminding Wu Guangyao that history has changed, and the advantage of the traverser has been reduced a lot!

   is like shipping. According to history, Bao Yugang only went ashore in 1978 in his previous life;

  But Wu Guangyao estimated that he had changed the history of the industry, so he began to reduce ships in 1974.

Peter nodded, and then said worriedly: "Boss, your personal cash flow is about 7 billion U.S. dollars. Now you have spent 5.3 billion U.S. dollars on buying gold spot and investing in foreign exchange; plus Tokyo Disney’s investment and Hong Kong’s fixed assets. Investment, your cash flow is a little low, you need to be vigilant!"

  Tokyo Disney is expected to invest 700 million U.S. dollars (historical investment of 1,500 yen), which is relatively larger than the original historical footprint and luxurious facilities;

  The main investor in Tokyo Disneyland is Disney. Wu Guangyao personally invests part of it, and Japan's two Wu branches invest part of it.

  Fixed asset investment in Hong Kong is the purchase of high-end buildings;

  According to the current situation, in one year's time, a Grade A office building in Central is expected to be worth over HK$7.8 billion!

  So, unconsciously, Wu Guangyao's cash has depreciated a lot!

  Heartache!

  Thinking of this, Wu Guangyao opened his head and said, “It’s okay, even if I don’t have a penny in cash, I can borrow 1 billion U.S. dollars within an hour!”

  Peter Lynch was taken aback and quickly reacted;

  Not counting the boss’s own bank, banks on Hong Kong Island and overseas banks will probably immediately agree to lend to the boss;

  It turns out that Wu Guangyao’s companies have extremely low debt ratios and are wholly-owned or occupy most of the shares;

  Importantly, these companies are generally favored by banks in the world!

   "What the boss said is that, in this case, I think we will have to use the loan more later!"

  Wu Guangyao nodded and agreed, and he thought so too!

  First of all, the shares of Lenovo Group are worth six or seven billion U.S. dollars. Wu Guangyao intends to borrow to buy real estate in Tokyo;

  Then I have a large number of assets that can be mortgaged, such as Universal Group, Oriental Group, Baiyou Group, Zipper Group, etc.;

  Thinking of this, Wu Guangyao's heart is fiery!

  At this time, the trading volume of gold futures and oil futures has increased greatly. Can you give it a try?

  Gold futures, you can start investing now. In four years, the original increase was more than 600%;

  Adding a triple leverage, wouldn’t it be possible to earn 18 times!

  Oil futures entered the market in the second half of 1978, and soon it was the Iranian Revolution and the Iran-Iraq War;

  Then the price of oil, from 13 USD to 34 USD, an increase of 250%;

  Add an eight times leverage and you can earn 20 times!

  If these investments go well, Wu Guangyao's personal cash flow could reach 60 billion U.S. dollars when the 1980s come.

  And Wu Guangyao only needs to invest another 2 billion US dollars to enter the oil and gold futures!

  Sure enough, finance is about stealing money!

Wu Guangyao said generously: "Then take a loan. My style has always been quite conservative; but now my properties are stable and can bring me a lot of profits, so I also consider considering loan mortgages for investment. .Be late, let's discuss it carefully."

  Peter Lynch nodded, but the boss was telling the truth!

  The industrial chain is huge, and profits continue to grow. The Wu family's anti-risk ability has reached a world-class level.

  What's more, just like the boss said, investing in solid gold, liquid gold (oil), the risk is much smaller!

  In the afternoon, Wu Guangyao took Mrs. Sarton to visit the vault of UBS.

  Looking at the piles of gold, Wu Guangyao was already numb!

  "Mr. Wu, this is 98.25 tons of gold, and the accounts are on it!" The president of United Bank handed over a bunch of information.

  Wu Guangyao took it over, glanced at it casually, and returned it to the president of United Bank;

  Peter Lynch of his own family office is responsible for these specific details!

  These big banks in Zurich have a wide range of business, and can help customers buy and sell gold spot/futures, cash/foreign exchange, bulk commodities, oil futures, etc.;

  They have close ties with the world’s five major gold merchants, so it is quite convenient for them to buy and sell physical gold.

Of course, Lao Fengxiang under Wu Guangyao has also become a gold merchant in Hong Kong in recent years, but the amount of trading is small, about 20 tons a year; after all, Hong Kong’s annual import and export gold is only about 100. Around tons.

   "Mr. Kuhe, we have been a partner for ten years, so rest assured!" Wu Guangyao said.

  Complimenting each other, Wu Guangyao suddenly said: "Mr. Kuhe, can my gold be mortgaged to your bank and then loaned?"

  Ku He's eyes are bright, does this customer want a lot of loans?

  Although helping customers buy and sell gold spot, they can also earn a lot of commissions;

  But in this era, loans are the most profitable banks. After all, commercial loans are generally around 12% to 16%.

  "Of course! Gold is a fixed asset. We can loan it to Mr. Wu at 80% of the market price, and the interest is only 10%!" Kuhe said enthusiastically.

  The blood is lost!

  However, because Wu Guangyao's loan amount is large and his own creditworthiness is good, it is estimated that the loan rate is 9%, which can be negotiated.

  Wu Guangyao nodded and said: "If there is a demand, I will definitely consider your bank!"

  Just asking, not really deciding on the loan;

  There may be demand in the past few years!

  Ku He is also not disappointed. As long as he has established a trusting relationship with the richest man, Union Bank will be one of his important partners in the future;

  After all, rich people like to store their assets in Switzerland!

  October, autumn is high and fresh.

  The number of yachts in Victoria Harbour has increased, and Hong Kong has officially entered the era of the rich.

  Wu Guangyao and Wheelock Chairman Madden sat opposite each other on the deck of a yacht;

  Madden has some feelings of disappointment, because Wheelock’s profit has continued to decline in recent years;

  In 1973, Wheelock’s recurring profit reached 180 million Hong Kong dollars;

  But affected by the oil crisis in October 1973, in 1974, Wheelock’s profit had fallen to HK$69 million;

  In 1975, Wheelock's profit dropped to 29 million Hong Kong dollars.

   Therefore, at the beginning of this month, Wheelock Chairman John Madden intends to put it on the market and will sell it;

  The first contact with Wheelock was Jardine Matheson, and Wheelock also agreed to the acquisition;

  However, with the intervention of Hutchison, this acquisition has increased the suspense!

   "Mr. Wu is interested in Wheelock?" Madden mentioned actively.

  At this time, the acquisition of Wheelock is still only an oral agreement, and there is no substantial progress;

  So, everything is possible!

  Wu Guangyao shook his head and said, “Wei Li is presiding over this matter. I personally have an indifferent attitude! I don’t even know how you guys are talking, what are you stuck on?”

  These words are facts, not Wu Guangyao's strategy!

  Furthermore, Wu Guangyao knew that Wheelock was acquired this time and it would never succeed.

  Ma Deng nodded, believing what Wu Guangyao said!

  Madeng said: "At present, Jardine and Hutchison are requesting us to provide specific plan information!"

   Wu Guangyao said: "Hutchison, Jardine, and Wheelock Group, the three companies have similar businesses. I think you are unwilling. If the acquisition fails, your business is at risk of damage!"

  Madden nodded and said: "Our finance company said the same! Actually, I asked Mr. Wu today to ask if Mr. Wu intends to facilitate this acquisition?"

  Wu Guangyao was taken aback, looked at John Madden, and found that his face was indeed sincere.

  Wheelock's Madden family, as always, remained wary of the mainland, for fear that the other side would take back Hong Kong and confiscated their assets that day;

  So, over the years, the Madden family invested the money earned from Hong Kong into shipping;

  These ships are registered abroad, and they are also portable assets, which makes the Madden family rest assured.

  The two have a good relationship. If Wu Guangyao intends to acquire, Madden will be happy;

  After all, Wu Guangyao will not let him suffer. This is the experience of the two people's cooperation over the years;

  The most classic cooperation is naturally China Gas;

  In these years, as China Gas's investment refinery in Singapore is put into operation, it can make a lot of profits every year;

  The number of pipeline gas customers in Hong Kong is increasing very rapidly every year;

   Therefore, the management and shareholders of China Gas are all convinced of Wu Guangyao.

  Wu Guangyao shook his head and resolutely said: “For Wheelock, I have no intention of participating in the acquisition. Everything is subject to the actions of the management of Hutchison Holdings. Mr. Madden, in fact, I am not optimistic about this acquisition!”

  Madeng lost again. If Wu Guangyao participated in this acquisition, at least the Madden family could gain more!

  But Jardine and Hutchison participated in the acquisition. First of all, they proposed to Wheelock to provide specific plans for the future!

  Why would Wheelock agree!

  Plus, the bids of the two companies are also low!

  Madden nodded and said, "Well, I forgot Mr. Wu's Global Group, which has been selling ships in a big way in recent years. I think I am not optimistic about the future of shipping!"

  Wu Guangyao said: "Shipping has a cycle. If I don't sell the ship, the loss will be great. So, you can't read too much!"

  Wu Guangyao knows that the head of Wheelock is a bit stubborn;

  Don’t look at him now, thinking about selling Wheelock;

  In another two years, he will buy ships on a large scale, making people really wonder what they are thinking!

  (End of this chapter)