Chapter 210: One generation plants the trees, another enjoys the shade
Chapter 210: One generation plants the trees, another enjoys the shade
January 28th, the Little New Year.
Min Huifen has been unable to contact Huang Xiaochuan. She has made no less than a hundred calls since yesterday, but none of them have been answered. Yesterday, the drop in gold futures touched the liquidation line of 43 set by Huang Xiaochuan. The bank completed the liquidation operation for Huang Xiaochuan yesterday, and the profits have been transferred to Huang Xiaochuan's personal account at HSBC.
This short-selling of gold futures earned Huang Xiaochuan $15.48 million. After deducting transaction fees and leverage interest, he actually received $14.88 million.
One million two hundred thousand turned into fourteen million. Although Min Huifen had seen many such magic tricks, it was rare to see a handsome young man from the mainland so proficient in financial speculation. Wasn't the mainland supposed to be a financial desert?
In fact, gold prices began to plummet on December 22 last year, but soon stopped and traded sideways between 31 and 33 for a considerable period of time. There were a few slight upward movements during this period, but the trend had already turned. Since the 15th of this month, gold futures have been falling continuously, and the drop exceeded 43 in just a few days. According to the latest news today, London gold has fallen by 45 from its peak.
Min Huifen wanted to inform Huang Xiaochuan of the news as soon as possible. After all, Huang Xiaochuan was her client, and based on the results of these two transactions and Huang Xiaochuan's calm and composed demeanor, Min Huifen believed that this handsome young man from the mainland was very likely a financial prodigy.
She used to think that this handsome guy had a powerful backer, but now it seems that the powerful backer is this handsome guy himself. Her boss has already instructed her that if this handsome guy visits the business again, she must find a way to keep him there. The boss wants to get to know this legendary figure.
Meanwhile, this legendary financial genius, in the eyes of others, is currently busy at home cooking.
The Huang and Yu families have agreed to celebrate the Lunar New Year together this year, so that there will be more people and it will be more lively. Today is the Little New Year, and Huang Xiaochuan and Yu Xiang went to the market early in the morning to buy groceries. Old Huang and Old Yu have not yet started their holiday, so Huang Xiaochuan has temporarily taken over the task of buying groceries and cooking.
They've bought all the groceries, but Yu Wei, that pig, is still sleeping. Looks like he played games all night again last night.
Yu Xiang complained angrily, "I shouldn't have let him bring the game console back. He plays games all day long, sleeps all day and doesn't even leave the house."
Huang Xiaochuan didn't dare to respond. If this matter were to be investigated, the root of the problem lay with Huang Xiaochuan, because he was the one who bought the game console. His original intention in buying the game console was to make up for some regrets from his previous life. Unfortunately, after playing it twice, Huang Xiaochuan lost interest. Unexpectedly, Yu Wei became addicted to it and even brought it home.
He carried the groceries into the kitchen and started getting busy. The ribbonfish needed to be thawed, the ham needed to be processed and cut, and the pork hock and mutton needed to be blanched in separate pots and then stewed separately.
Huang Xiaochuan didn't need to do the vegetable picking; Yu Xiang and Yu Min took care of it.
Huang Xiaochuan was busy in the kitchen, while Yu Min and Yu Xiang chatted while picking vegetables on the balcony.
"Sis! How come your Huang Xiaochuan is so good at making money? I never realized it before!"
"He doesn't have 'I'm good at making money' written on his forehead, so of course you can't tell. I only found out about such a crazy place after I went to the stamp market with him."
Is it really as crazy as you say?
"Anyway, you can tell from walking around the stamp market that the people there don't treat money like money. Do you know how they count their money?"
Yu Min replied matter-of-factly, "A money counter! Those things count money quickly and accurately."
Yu Xiang smiled and said, "Those people don't even need a money counter; they think it's too slow."
Hearing that they didn't use a money counter, Yu Min couldn't figure out what method they would use: "Huh? Set as homepage, get the latest updates of works like '1990 I'm Back' every day. They think a money counter is too slow? What method do they use to count money then?"
"If I hadn't seen it with my own eyes, I wouldn't have believed it. They measure with a ruler. A bundle of 100-yuan bills or a stack of 100-yuan bills, they just measure it with a ruler, they don't count it at all. The main reason is that business is too good and they are too busy to even count the money."
"My God? You can't believe it?" Yu Min exclaimed, covering her mouth.
This was the first time she had ever heard of such a way of counting money.
"What if someone mixes counterfeit money in there?"
"I asked Xiaochuan about this too. He said the profits are too high. Even if you get scammed and suffer some losses, it's not a big deal. The stamp price will easily rise the next day, and the losses will be recovered."
Yu Min's mouth immediately formed an "o" shape.
"No wonder Huang Xiaochuan can make so much money. How can he be so daring?"
"Xiao Chuan said that what he did wasn't daring, but just lucky. He happened to catch the wave of stamp price increases, and he simply followed the trend. He wasn't the only one who made money; many people did, some more and some less. Of course, many people also lost money. Xiao Chuan said that this is a wealth transfer game, reaping the money from the greedy. As long as you're not greedy and know when to stop, you've basically made money."
"How does Huang Xiaochuan know so much?"
"Have you forgotten what he studied? He studied economics, and he mentioned that there's a 'theory of asset transfer' in economics that touches on these things. But he also said that it depends on the timing; it's not something you can do at any time."
"Wow, this guy can learn so much from school? I wish I had gritted my teeth and majored in economics back then."
"Just settle down! That kind of thing isn't suitable for a girl. You'll be graduating and getting a job soon. You should focus on your job and teach your students well."
Yu Min immediately became proud: "That's a must, I'm someone who loves education."
"By the way, sis! The winter coat you brought me is so warm! I went out with my classmates the other day, and a lot of people came up to me asking where I bought it. Is it really imported?"
"This was specially purchased from Hong Kong by Xiaochuan; of course, it's imported."
"How do you pronounce the brand name of this clothing? Oncler, the pronunciation sounds a bit strange."
"The transliteration is 'Mengkelai,' but the word is originally French. If you try to apply it to English, it will sound strange. It's a French clothing brand."
"So that's what it was, it's French! Hahaha!"
That evening, the two families gathered at the Yu family's house to celebrate the Little New Year. After a few rounds of drinks, Old Yu began to reminisce.
"I can't deny getting old anymore. Year after year, I feel like my alcohol tolerance isn't what it used to be. The saying 'the younger generation surpasses the older' is absolutely true. Look at these young people, they're much better than us, especially Xiao Chuan. He's still in college and already making money, amazing!"
Old Huang shook his head and said, "It's not fair to compare our situation when we were young with our situation now."
Huang Xiaochuan chimed in, "Yes! Times have changed. In your generation, we were poor and had to build a solid foundation and start a business through hard work. Now there are more opportunities, but we have achieved this by standing on your shoulders. As the saying goes, one generation plants the trees and another enjoys the shade. Without your generation's pioneering efforts, we wouldn't have the good life we have today."
These words resonated with the elders. Old Yu and Old Huang happily raised their glasses. Zeng Lijuan didn't stop Old Huang this time and let him be happy, because she herself was also moved by her son's words.
Listen to what my son says, he's so magnanimous.
A vast collection of urban fiction works to satisfy your reading preferences.
mijobooks