Super Rich from Winning a Lottery-Chapter 339 - 241: Soaring International Gold

However, there's still a long way to go before Hengda's debt explosion; there's no need to rush into Ou Xiaolong's business.

In the world before rebirth, there was no An Country Real Estate, but now that it exists, it inevitably clashes with Hengda.

Although Anguo Group has strong capabilities, once it fully enters the real estate development industry, no amount of funds will be sufficient. Therefore, loan financing is an unavoidable method.

If one wants to earn substantial returns in the future real estate development industry, the primary task now is to buy land. The more land reserved for development, the better.

Although land prices are already not cheap now, compared to a few years later, they are still quite economical.

Since last year, the development speed of the domestic real estate industry has been accelerating further, and housing prices are also rising rapidly. Many domestic real estate companies are on the rise, and numerous large corporate groups are also joining in, competing for a piece of the lucrative real estate market. Consequently, the competition among real estate developers is extremely fierce.

The competition among real estate developers mainly manifests in the scramble for land. In the land auction markets of major cities, many real estate developers bid against each other, using their strength to secure parcels of auctioned land.

Thus, land auction prices hit new highs and remained elevated, significantly boosting the fiscal revenues of local governments, further accelerating the development of urban infrastructure.

The increased land costs for real estate developers further stimulate the rise in house prices, creating a cycle.

With the entry of An Country Real Estate Development Company, particularly in commercial real estate development, it emerged like a dark horse in the land auction markets of various major and medium-sized cities, securing a lot of land with its substantial capital.

After acquiring the land, An Country Real Estate Development Company's situation was different from other real estate companies. It did not rush to take loans from banks for development after acquiring the land.

Instead, it used its own funds for development and construction. However, the pace of land acquisition did not slow down at all. If there was an opportunity and the price was right, it would be taken without hesitation.

With the launch of Anjing Payment's Yu'e Bao, the funds in Yu'e Bao kept accumulating. Rather than taking loans from banks, it's better to borrow directly from Yu'e Bao. Why let banks earn the difference?

As long as the interests of Yu'e Bao's users are not harmed, there's absolutely no problem.

Moreover, Anjing Online Supermarket and Anjing Supermarket can also provide abundant cash flow. Along with Anguo Bank's savings, there's no need to take out bank loans at all.

Additionally, the monthly income from property management fees, parking fees, shop rents, and housing rents, including deposits, by Anguo Group's property company, also constitutes a considerable cash flow.

As for whether to take out bank loans in the future, that will be dealt with later; at least for now, it's not necessary.

The international gold futures market, after being in a slump for a while, started to gain momentum, breaking through the 1100 US Dollar per ounce mark and continuing to rise.

Cheng Guohua held a starting fund of 1 billion US Dollars and bought 20,000 lots at a price of 1032 US Dollars per lot, with each lot being 100 ounces, totaling 2 million ounces. The margin for buying an international gold futures contract for one lot only required 1000 US Dollars, so 20,000 lots only needed 20 million US Dollars.

Because of the 1:100 leverage ratio, although the margin was not much, 20,000 lots only required 20 million US Dollars.

However, for every 1 US Dollar fluctuation in the price of international gold futures, it equates to 2 million US Dollars.

The market fluctuations in international gold futures prices generally vary by ten or more points daily, which means a fluctuation of 20 to 30 million US Dollars in profit and loss.

That's under normal market conditions; if there's a big market movement, a fluctuation of over 100 points in a day is quite normal!

If there's a fluctuation of over 100 points, that's a profit and loss fluctuation of 200 to 300 million US Dollars for 20,000 lots.

Of course, Cheng Guohua didn't dare to place heavy bets initially, so he only bought 20,000 lots of international gold futures long contracts, which already faced significant risk.

However, he heard Yi Anguo's analysis, saying that the international gold futures price shouldn't possibly drop below 1000 US Dollars per ounce, which was an important reason Cheng Guohua chose to take up 20,000 lots.

When the international gold futures price dropped to 1012

US Dollars, Cheng Guohua was sweating; claiming not to feel tense was a lie. Losing 40 million US Dollars in an hour is enough to make anyone anxious.

Luckily, when it dropped to 1012 US Dollars, it didn't continue falling but instead quickly rebounded and rose. In just half a day, it broke through 1058 US Dollars.

Then, smoothly, three days later, it broke through 1100 US Dollars, continuing to demonstrate an upward trend.

When the price of international gold futures broke through 1100 US Dollars per ounce, it meant that every lot of the international gold bought by Cheng Guohua earned 68 US Dollars per ounce, totalling a profit of 136 million US Dollars.

At this moment, Cheng Guohua was able to finally let out a long breath, as the situation became relatively safer, but he still dared not relax too much, and had people monitor the trends of international gold futures around the clock every day.

In the following two to three months, Cheng Guohua cautiously led his team in trading, incrementally increasing their position. Additionally, during price pullbacks in the international gold futures market, he persisted in increasing holdings, and at appropriate times, he also reduced his holdings to lock in gains.