Chapter 438【Reserve Gold】

Common Group made a complete revenue of 600 million U.S. {dollars} within the first half of the 12 months. Naturally, these funds cannot let it lie within the firm’s account ready for depreciation;

So, in mid-August, Wu Guangyao convened the board of administrators of the World Group and instantly introduced the half-year dividend plan;

Utilizing 500 million US {dollars} for shareholder dividends, Wu Guangyao owns 77% of the shares, so he will get 385 million US {dollars};

Not all of those funds have flowed into the banks on Hong Kong Island, as a result of subsequent, Wu Guangyao wants to purchase gold.

After World Battle II, main Western international locations established the “Bretton Woods System”, **** the U.S. greenback to gold. One ounce of gold is the same as 35 U.S. {dollars}. The currencies of different international locations are pegged to the U.S. greenback, and a hard and fast change charge system is applied;

The U.S. greenback is equal to gold and is on the core of the world financial system.

In different phrases, the present value of gold is mounted, at US$1.23 per gram (US$35 an oz.).

However Wu Guangyao is aware of that after greater than two years, the worth of gold will not be mounted, however will start to understand sharply!

The reason being that within the Sixties, the economies of Europe and Japan rose quickly, and the standing of the British pound, franc, yen and different currencies elevated within the worldwide enviornment. On the similar time, the US was mired within the Vietnam Battle, with big fiscal deficits, and the deterioration of worldwide earnings. The credibility of the corporate has been affected. On this context, the U.S. greenback ought to depreciate sharply. Nonetheless, because of the necessary affect of the “Bretton Woods System”, one ounce of gold continues to be equal to 35 U.S. {dollars}. This has led to Europe and Japan promoting U.S. {dollars} and shopping for gold. With the intention to stabilize the change ratio between the U.S. greenback and gold, the US has constantly dumped gold, which has led to a big outflow of U.S. gold, leading to a lower within the treasury of gold.

Later, the US was unable to take care of this proportional relationship. In August 1971, US President Nixon introduced the abandonment of the “gold normal” system. The US greenback and gold had been not linked to one another. The worth of gold skilled a blowout and the worth started to soar.

By 1980, the worth of gold might be $650 per ounce.

In 10 years, the worth of gold will double by 16 occasions. This return on funding is way increased than the return on actual property funding!

One ton of gold is only one.23 million US {dollars}. Wu Guangyao’s dividend this time should buy 300 tons.

Spend money on 370 million US {dollars}, simply wait 12 years to make a revenue of 5.5 billion US {dollars};

There isn’t any such a protected, excessive return funding resolution on the earth.

Initially of the development of the Everbright Constructing, Wu Guangyao had already thought-about that this was constructing the financial institution headquarters;

So the Everbright Constructing has a big vault, and the complete underground vault is near the dimensions of a basketball court docket;

is surrounded by arduous granite stone and bolstered concrete pouring, and the complete vault is split into 32 warehouses.

Wu Guangyao took Rong Bensheng and Lei Hong to the underground vault of Everbright Financial institution;

Earlier than getting into the vault threshold, you have to first obtain a particular “steel discharge” inspection and “hair dryer” cleansing;

On this case, not to mention carrying steel weapons, even when there’s a harmful mud on the garments, will probably be blown dry by the hair dryer.

After the gate is opened, you might want to undergo one other tunnel;

There might be a number of forks of precisely the identical form each 1 meter away within the tunnel, and also you won’t be able to achieve the vault space when you go to any of the forks incorrect;

Earlier than getting into the vault, a spherical chrome steel gate with a diameter of two.6 meters must be opened;

The door weighs dozens of tons, and it makes use of a mechanical unlocking methodology, so there isn’t any have to borrow electrical energy.

After visiting the vault of Everbright Financial institution, Wu Guangyao referred to as Rong Bensheng and Lei Hong to his workplace.

Wu Guangyao mentioned, “I plan to retailer 100 tons of gold within the vault of China Everbright Financial institution.”

The 2 had been shocked after they heard the phrases, the boss is so large!

Leihong mentioned: “What the boss meant is that our financial institution makes use of your deposit to buy gold bars from Lao Fengxiang Jewellery, after which retailer them in our vault?”

Wu Guangyao nodded and mentioned, “Precisely!”

Rong Bensheng mentioned: “With a lot gold, is there a time restrict for the boss?”

Wu Guangyao shook his head and mentioned: “There isn’t any time restrict, however it’s best to finish it inside two years; and it should be operated throughout the scope that doesn’t have an effect on the conventional enterprise of Lao Fengxiang Jewellery. Lao Fengxiang Jewellery can enhance gold imports.”

Lao Fengxiang Jewellery initially has its personal gold procurement channels, and the roads are very large;

Macao, South Africa, and Southeast Asia all have their very own approach of buying gold. It may be mentioned that buying 100 tons of gold in two years is just not an enormous drawback.

As for the remaining 2 hundred tons of gold, Wu Guangyao intends to go on to London and Switzerland, entrust massive banks to buy them, after which retailer them within the vaults of those banks.

Rong Bensheng and Lei Hong by no means requested Wu Guangyao why he ought to reserve gold;

In spite of everything, the worth of gold is mounted, and deposits are not so good as lending and depositing!

Nonetheless, the 2 knew that Wu Guangyao’s monetary sources had been utterly unpredictable, and the earnings of the Common Group had been much more unimaginable!

So, the boss could also be to protect worth, or to hedge funds!

Oriental Cinemas, Oriental Movies, TVB, the headquarters of the three firms have all moved to Tseung Kwan O.

Tseung Kwan O is situated within the east of Kowloon, removed from the city space;

With the arrival of Oriental Media Group, the complete Tseung Kwan O Clear Water Bay has develop into affluent.

On the similar time, the lodging, catering, and transportation right here have all been accomplished.

In Wu Guangyao’s plan, the neighborhood of Qingshui Bay might be constructed by Cheung Kong as a ‘metropolis’ sooner or later.

Within the convention room of the headquarters of Oriental Footage, Wu Guangyao personally participated within the undertaking institution assembly of “Massive Brother Tangshan”.

Within the convention room, Zou Wenhuai, the executives of Japanese Footage, the director, Bruce Lee and others had been all curious of their hearts. A film really shocked the boss. This will solely present that the boss is on a whim.

Wu Guangyao mentioned: “The aim of this “Massive Brother Tangshan” undertaking institution assembly is to convey a sign to everybody; that’s, to hold ahead Chinese language Kungfu and export a sort of “Kung Fu Revolution” to the world. It is going to be the East. A improvement path for the movie business.”

Everybody all of the sudden realized that it was the boss who needed to suggest a common coverage. No marvel he would personally take part in this type of assembly.

Subsequent, entered the formal undertaking assembly.

The unique historic “Massive Brother Tangshan” is a small funding film. The taking pictures time is simply greater than two months, however it has received greater than 3 million Hong Kong {dollars} on the field workplace;

Formally counting on Bruce Lee’s becoming a member of, Jiahe Films will stand out from the besieged by Shaw Brothers films.

Zou Wenhuai mentioned: “This time our funding finances is 350,000 Hong Kong {dollars}. Many individuals ought to know that that is the most important funding of Oriental Footage to date.”

Some people who find themselves acquainted with Oriental Footage nodded one after one other;

The present funding quota for Hong Kong Island Films is HK$200,000, which is taken into account an enormous funding;

In spite of everything, a film with a field workplace of hundreds of thousands of {dollars} is taken into account a terrific film.

It may be mentioned that if Dongfang Media wants an entire industrial chain and Dongfang Footage wants to supply star sources, Wu Guangyao is not going to enter the movie business;

In spite of everything, that little cash, Wu Guangyao merely seems down on it!

It’s exactly as a result of making films can practice one’s personal stars, and Wu Guangyao has additionally moved some “dangerous ideas”, so Oriental Footage nonetheless has a little bit of standing in Wu Guangyao’s eyes.

Bruce Lee listened to the funding finances, and he was a little bit bit unusual in his thoughts. His wage is greater than 50,000 Hong Kong {dollars}, which really occupies such a big share of the finances.

Zou Wenhuai continued: “The taking pictures time is 3 months, and the entire course of was shot in Thailand! At present there are workers members who’re already making ready for it, and it’s estimated that the taking pictures time might be in late September.”

Wu Guangyao mentioned with a smile: “Plainly it may be devoted to the folks of Hong Kong Island as a’Spring Competition stall’!”

Zou Wenhuai echoed: “This exhibits that this film is fortunate and will break Hong Kong Island’s field workplace document once more!”

Zou Wenhuai is filled with confidence, so everybody is inspired!

Presently, Hong Kong Island’s field workplace document was held by Shaw Brothers Films at 1.8 million Hong Kong {dollars};

It may be mentioned that the folks of Oriental Footage need to break this document of their desires.

Wu Guangyao requested: “Zhen Fan, your performing abilities ought to be tempered effectively earlier than you permit Thailand; the corporate will prepare a particular steerage crew for you, and it’s a must to research with an open thoughts!”

When Bruce Lee heard this, this particular person instructed himself, if he’s not critical, he actually can’t justify it.

“Don’t be concerned, boss, I’ll work arduous to study performing!”

Wu Guangyao didn’t take part in the remainder of the subject, and even left the assembly early. Wu Guangyao additionally fearful that everybody was a little bit restrained.

(Finish of this chapter)