Chapter 244: Great Harvest, Double the Wealth

On November 11, Ambassador John informed U.S. President Johnson that the pound would depreciate by 17% the next day.

That is, 1 pound is equal to 2.8 US dollars, which becomes 1 pound is equal to 2.4 US dollars.

As soon as the news came out, the price of the pound plummeted.

The Hong Kong dollar and the British pound have a fixed exchange rate of 16:1, and have also depreciated significantly.

The price of gold in the gold trading market has soared sharply.

Wang Yuanchao made money, but not as much as he expected.

Because the world situation was turbulent, he was not the only one who was bullish on gold. He attracted some gamblers who saw him as fat meat, but the total deposit of those was only more than two million.

Those who are bullish on gold usually only have one or two points, because the gold price range is limited. So he accepts all orders of this kind. As long as they don't see as much as he does, they are all bearish!
This part can make a profit of more than 8 million yuan in price difference.

In the end, I went on a shopping spree and made physical delivery. I bought more than 5 million gold and only made 700,000 or 800,000 yuan.

He is not afraid of non-delivery for those long or short orders. First of all, these people have margin in the gold and silver exchange, and he can definitely pocket the margin.

But if their credit is ruined, these people will not be able to continue playing in the gold and silver exchange.

Many people are reluctant to make delivery because the moment the pound is announced to devalue, the price of gold will not simply rise by 14%.

Everyone's confidence in the British pound and the Hong Kong dollar is plummeting.

A 14% price increase?

Even a 20% increase is not enough!
It cannot be increased further because there are restrictions in law.

Then, normal transactions cannot be carried out, and certain supplements must be made privately.

Wang Yuanchao had to go back soon. He had no time to dawdle here. He earned other people's margin and the price difference, so he transferred all the delivery orders on hand. Don't be too decisive in doing things.

Of course, the gold that was raided had to be preserved, and he was not short of money at the moment.

During this wave of depreciation of the pound, Wang Yuanchao earned 1062 million Hong Kong dollars and bought 2.64 taels of gold (about 528 million Hong Kong dollars).

The mortgage loan of 480 million was paid off, plus a short-term interest of 5 percentage points, which was 24 yuan. The loan of 110 million was paid off, plus a 15 percentage point interest of 16.5 yuan. The net profit was 431.5 million Hong Kong dollars and 2.64 taels of gold.

Adding the original 6940 taels of gold, 98 US dollars, and the electrical factory's income of 11 US dollars in November, the accumulated wealth is as high as:

HK$431.5 million;
116 million USD;
3.334 taels of gold.

Several properties and companies.

The biggest cash cow is Deep Blue Electric.

The biggest windfall was the depreciation of the British pound, which doubled his cash assets.

As soon as the British pound was devalued, Wang Yuanchao converted all the US dollars he had into HKD 773 million. He wanted to use the money to pay off the bank loan and the land payment he had previously paid for the property.

Before devaluation:

1英镑=16港币，1英镑=2.8美元，也就是1美元≈5.71港币
After devaluation:

1英镑=16港币，1英镑=2.4美元，也就是1美元≈6.67港币
Almost just 1 dollar more!

House prices are bound to rise, and not only house prices, but also prices of all goods will rise.

But Wang Yuanchao had signed these contracts before, and he had also taken into account this wave of currency depreciation.

After all this, he earned another one or two hundred thousand in an instant.

Why are you in such a hurry to exchange US dollars for Hong Kong dollars? Because in a few days, the Hong Kong dollar will appreciate again!

The price increase is too great and ordinary people can’t bear it.

香江当局在11月23日，被迫宣布港元对英镑固定汇率调整为14.5455：1（升值调整），这是1935年币改以来首次调整港元和英镑的固定比价。

In this way, 1 US dollar ≈ 6 Hong Kong dollars.

At this moment, Wang Yuanchao had only more than 3 million Hong Kong dollars in his hands besides gold, but he also had two more buildings and two plots of land, one of which was the industrial building where Deep Blue was located, so there would be no obstacles to the subsequent expansion of Deep Blue.

Finally, I have secured the money.

If he needs funds later, he can take out the fully paid property and continue to apply for a loan at any time without affecting his cash flow at all.

As a result of the devaluation of the pound, Wang Yuanchao made a net profit of nearly 10 million yuan and became famous in the gold and silver trading circle in Hong Kong.

Moreover, after the operation, he did not care about the subsequent volatility of the gold market and made profits. He stopped the operation decisively without any hesitation, which made people look at him with more respect. (The next buyer who took over his delivery order can at least have a few points of soup to drink. How can we not admire his generosity?)
Zhou Qibang sighed, why didn't the younger brother participate in the invitation so many times? He was sober.

He patted his thigh and asked someone to tell Wang Yuanchao the good news:

The authorization for the new horse racing lottery has been approved, with an exclusive sales authorization for 20 years. Under special circumstances, it can be extended for another 5 years, and we will discuss it at that time.

This makes people very happy.
-
Wang Yuanchao returned 46 yuan to Leti, including principal and interest, which surprised Leti greatly.

It's been less than two months, and even if it's her salary, she'll have to earn almost a year's worth of interest! There's 20 yuan in it, which she borrowed from others, and they only charged her 5% interest, so she made a net profit of 5 yuan.

Don’t say that goddesses are not vulgar. As long as you spend enough money, goddesses can also be vulgar.

Moreover, Letty had also heard about the gold transaction. Tan Yueqing had mentioned that the Zhou family had missed that opportunity! Wang Yuanchao had invited them warmly.

If the Zhou family intervenes, Wang Yuanchao will not be so willing to give up the profits!

But he is a newcomer, and if he doesn't know when to quit, I'm afraid he will end up badly.

Letty also knew Wang Lang's preferences, so she showed him the temptation of stockings and uniforms. The two of them were passionate in Letty's home until Letty surrendered.

So what if he is like a wolf? Even if he is like a tiger, he is no match for Wang Lang!

Wang Yuanchao had previously devoted himself to the campaign to devalue the pound, but now that he has completely relaxed, he naturally needs to cool down.

I had spent more time with Lou Xiao'e and her son before, and had somewhat neglected Lydia, so of course I had to accompany her now.

Letty struggled to get up and wanted to help Wang Yuanchao clean up, but was pushed down by Wang Yuanchao.

She resisted slightly twice and then gave in.

Those who understand will understand that kind of spiritual satisfaction.

Then Wang Yuanchao carried her to wash up. Letty naturally couldn't help but act like a spoiled child to Wang Yuanchao, and told him to continue calling her when he had a way to make money.

Wang Yuanchao just told her:

If you need money to buy a house, you can take out a loan on the house.

Nothing can make more money than real estate.

Then Wang Yuanchao told Lydia that he was going to go on a business trip to the mainland, which would last for two or three months at the shortest and half a year at the longest.

Letty was worried: After so long, maybe we should just part ways amicably?

After all, Wang Yuanchao is not a person in the entertainment industry, and he doesn't have to go out to make movies. It's hard to say what happened after such a long time.

These two months were a rare time for her to completely relax, be stress-free, and live a fulfilling life.

She came close to him, with a hint of sadness in her voice:
"Source Tide..."

Wang Yuanchao was also a smart man. He immediately understood the meaning of the unfinished words. He lifted Letty's chin with his right index finger and said:
"Don't think too much. I really need to go out to do something. While I'm away, can Boss Le stay pure for me?"

Letty glanced at him and said:
"Don't think that we, as actors, don't know what loyalty is.

Since I am close to you, I will not be unclear with others and cause you to misunderstand me."

Phoenix Daily even spread gossip about Lydia Lok, asking Lydia Lok to explain herself to Wang Yuanchao, because what they said was basically the truth, and the relationships of celebrities have always been so complicated.

It was Wang Yuanchao who advised us to pay attention to our partners and not write in an overly vulgar way, which made people feel that Boss Le was a truly extraordinary woman.

Ambition and ambition are just one word apart; hero and tyrant are just one word apart; romantic and vulgar are just one word apart.

Words are so magical.

Wang Yuanchao said:

“Commercial Radio wants to arrange a program with you later, and it will be an interview with you.

The script will be written in advance, and you just need to read it. It is mainly to promote your new movie "Long Live the Wife". Maybe people will want to support you by buying a few movie tickets after listening to the broadcast!"

Letty was delighted:

"Then I want to discuss with my brothers and Director Yuan how to do this, is that ok?"

Wang Yuanchao said:

"Of course you can! Take a few more photos with them, give them a few more autographed photos, and a few more movie tickets, so that they can say more good things about you.

Phoenix Daily will also interview you and help you promote in advance."

Letty threw herself into Wang Yuanchao's arms, not knowing what to say.

This man took the initiative to consider her in almost everything, and he also thought of things for her that she had not thought of.

Although I don’t know what the effect will be, the dual publicity by radio and newspapers will definitely increase the box office!

She felt a little overwhelmed and even wanted to help him have a baby!
But she just got divorced this year, so she really couldn't say this.

This is Wang Yuanchao developing advertising business for radio stations and newspapers, and promoting the movie before it is released. What a delicious cake! People also like it, don’t they?

Lotte is his woman, and she can help him test the waters, killing two birds with one stone.

The pre-release publicity, the word-of-mouth reviews during the release, and the building of personal reputation after the release are all business.

If the profits are obvious, will other movies also come to commercial radio stations and newspapers?

Look, Phoenix Daily is so shameless.

They talk about your romantic affairs to attract citizens, and then they report and promote your new film and charge you for it. Don't be unhappy, because when the effect comes out, many people will rush to give you money.

The advertisements of Phoenix Daily and Commercial Radio are "bundled" together and complement each other, hahaha!

How can other newspapers compete with Phoenix Daily?

Phoenix Daily can create a ranking list!
Chinese people just buy into this!

But TVB has also been launched. If we have TVB in our hands, there will be a vast world and great potential for us to develop.

But now, the chairman and largest shareholder of TVB is Li Haohe, not Shaw Liushu. I don't know how to get TVB shares.

Too bad it's not on the market yet.

……

Wang Danfeng, Shi Hui, and Chen Sisi also received principal and interest from Wang Yuanchao: 11.5, 34.5, and 34.5.

They had never made such easy money so happily in their lives.

Although Wang Danfeng needed to repay part of the principal and interest to the bank, she still made a net profit of nearly 1 yuan.

The couple has to earn half a year’s wages!
This greatly alleviated the financial pressure on their family.

Wang Yuanchao told the three that he was going back to the mainland.

They had no doubts about how he got back and forth, and if he needed help, he would definitely say it directly.

Wang Danfeng originally wanted to ask Wang Yuanchao to inquire about the news of her family and friends in the mainland, but she quickly gave up the idea. Everyone knew what the situation was over there, so it was better not to disturb others.

Wang Yuanchao asked the three people to help him be a movie reviewer.

Wang Danfeng, Shi Hui, and Chen Sisi are all veteran film queens, it’s just that Wang Danfeng is a little older.

As professionals, what they say will definitely make sense to others. The station and the newspaper are preparing to cooperate with Ms. Lotte's new film "Long Live the Madam" to explore new models of development.

Chen Sisi immediately felt unhappy. She was considered to have snatched Lydia's boyfriend as her husband. Her husband Gao Yuan had been involved with Lydia some time ago.

But I just took their money, so it’s not easy to refuse directly.

Well, if she really wants to write, just write casually, and then make a few comments and criticisms. Others will only think that she is generous, forgiving and fair in her comments...

(End of this chapter)