Extraordinary Genius - Chapter 255 – Going to Hong Kong again
October 1st, Feng Yu flew to Hong Kong again as it was school holidays. Fu Rongqi was an expert in financial investment, and Feng Yu wanted to speak to him.
If Feng Yu wanted to stir up a storm in the financial markets, he could not do it alone. Even George Soros and Warren Buffet did not act alone. To control the financial market, big players had to come together and pool all their fund.
Before Hong Kong’s return to China, Fu Rongqi was the one who could rival Superman Lee. But in 1997, Fu Rongqi suffered heavy losses and his gap between Superman Lee widen.
That means Fu Rongqi will continue to make money these few years and his assets will increase to tens of billion HKD. But now, his assets were not more than 10 billion HKD.
Fu Rongqi’s investment foresight was not to joke about. He will increase his total assets by several folds within a few years.
Feng Yu relied on his memories from his past life to get to where he was now. But regarding his personal ability, he was no match with Fu Rongqi.
This trip to Hong Kong, it was still Fu Guangzheng that came to receive him at the airport alone. But at the Peninsula Hotel, Feng Yu saw Fu Rongqi and Fu Rongjing standing at the entrance.
The both of them standing at the entrance welcoming Feng Yu was giving him face. After all, they were considered Feng Yu’s elders. Many other customers at the hotel were looking at the entrance. They were curious who was arriving, and even the Fu family had to wait for him at the door. Was it Superman Lee or the Governor?
But they were shocked when they saw a young man walking in. Who was this young man? Why would the two prominent members of the Fu family be waiting for him at the entrance of the hotel? Could that young man the son of some top China official?
This must be it. There were rumors that Fu Rongjing had sent his son to China and invested more than 100 million there. This time, even Fu Rongqi came. Could it be that Fu Rongqi also wanted to invest in China too?
China’s Leader Deng was still alive, and he was a leader who ruled with an iron fist. Even the Queen of England was no match for him. Sir Shaw had gathered a group of celebrities from the government and business world to petition for Hong Kong’s independence.
But there were rumors that Leader Deng met Sir Shaw and from then, Sir Shaw donated a large sum of money to build schools in China every year.
The Fu family was not worried that their investment in China would be confiscated by the Communist government?
“Xiao Yu, I heard that you forecasted the gold prices will rise?” During lunch, Fu Rongqi asked.
“That’s right. The gold prices will rise within this month. The Soviet Union is one of the world’s largest exporter of gold, and they need to sell their gold for commodities. When gold prices fall, it will affect the Soviet Union and other gold exporting countries greatly. Those countries with large gold reserves will also not allow gold prices to fall. Furthermore, gold prices had reached 850 USD/Ounce few years ago……”
Feng Yu explained his analysis and Fu Rongqi nodded: “You had analyzed all these by yourself?”
Feng Yu smiled and said: “There are some things that I can’t tell you and you should not know.”
Fu Rongqi looked at Feng Yu, and he noticed that Feng Yu’s eyes do not look like a 20 years’ old young man, but instead, he look like someone in his 40s.
This Feng Yu is not simple!
“You say gold prices will rise within this month and what will happen after this month? Will it stabilized, or will it fall again?”
“Because the International situation will change, and the Soviet Union will disintegrate. Rubles will carry on depreciating, and there will be some big players in the market shorting gold. Gold prices will definitely fall.”
“Based on your analysis, how low will the gold prices reach and how long will it take?”
“Based on our…… cough…… based on my research, the gold prices will reach the lowest point in January, which will be about 355 USD or maybe even lower. From February onwards, there will be rebound, and gold prices will recover to above 400 USD. After that, it will slowly fall again.” Feng Yu pretended to accidentally say ‘our’ instead of ‘me’.
“One month the gold will fluctuate more than 50 USD? Who are you kidding?” Fu Rongjing said.
This Feng Yu must be lying again. How can gold prices fluctuate so much? No one or country could manipulate gold prices.
“Lao Si, don’t interrupt! Xiao Yu, since you said this, will you also invest?” Fu Rongqi stared at Feng Yu without blinking.
“Of course. I will invest a lot.”
“How much are you’re a lot?” Fu Rongjing interrupted again.
Feng Yu showed 5 fingers: “500 million.”
“500 million?” Fu Rongqi can’t help but look at Feng Yu again. This kid has so much money now?
“USD.” Feng Yu continued.
The Fu family took in a deep breath. Even Fu Rongqi was surprised. He also has 500 million USD, but he could not take out this amount as casually as Feng Yu.
“What? All of you don’t intend to invest in gold together with me?”
Play? Feng Yu’s casual tone had shocked Fu Rongjing. 500 million USD investment just like this? Could it be it was just as eldest brother guessed? Feng Yu was a representative of some officials who do not want to be known? The factory in Guangdong needed Fu Guangzheng to be the representative was because the official did not want to help?
If this was true, then he should not offend Feng Yu. He should make full use of this opportunity to earn some money back.
“Other than gold, what else would you recommend?” Fu Rongqi asked.
“China’s Shanghai stock exchange had just opened, and Peng City’s exchange will be opening soon. China’s stocks will surely rise, and it will be the bull market all the way until June.”
“I will consider China’s stock market. Is there anything else you can recommend?” China’s stock market was too risky, and the biggest risk was the government.
Damn. This old man wants to test me or was he too greedy? I had recommended gold and China stocks. It was not enough?
Fine. Then my next forecast will shock you!
“Next year’s January to February, I will short crude oil futures.”
“You think oil prices will fall?” Fu Rongqi looks at Feng Yu. Iraq had already invaded Kuwait, and Feng Yu does not know about this? The invasion was to raise oil prices.
“Of course. It is because next January there will be a war!”
“War? What war?” Fu Rongqi was shocked. Feng Yu had said something that sounded more serious than Iraq’s invasion of Kuwait.
“The US will be declaring war on Iraq! The Gulf War!”