Chapter 1194 - Gold prices will rise during troubled times
Chapter 1194 – Gold prices will rise during troubled times
A few days later, Feng Yu returned to Beijing. If it wasn’t for that incident, he would have returned home earlier.
Li Na and his families had given orders to have a child. Feng Yu doesn’t mind as he likes children. Of course, he likes the process of making them more.
“You are not busy with your business?”
“Business is not important. I had paid them high salaries and even gave them shares. If I still need to do everything myself, it means I had wasted my money.” Feng Yu replied while hugging Li Na.
Li Na rolled her eyes. Just admit you are lazy and stop giving these excuses.
“Oh, let’s go to Hong Kong with me during the October holidays. We can also go to Singapore for a short vacation.
Li Na hesitated for a minute and nodded.
This time, they flew to Shenzhen on Feng Yu’s private jet, as it is not easy to get approvals for a Chinese registered private jet to go overseas. After that, they went over to Hong Kong by ferry.
Because Li Na is coming with Feng Yu, Fu Guangzheng and the rest brought their partners to accompany her.
Fu Guangzheng brought Liang Ying along. They are currently dating, but their marriage is next year. Li Zekai also brought a female companion along.
Fu Guangwei is currently in China, inspecting their Tai Hua Supermarkets, and is not in Hong Kong. As for the rest, Feng Yu did not consider them his friends and did not inform them.
“Brother Feng, I regretted not listening to you. If I had listened, I would make a lot of money too.” Fu Guangzheng sighed.
Li Zekai asked curiously. “What money-making opportunity?” He is not as close to Feng Yu compared to Fu Guangzheng. Feng Yu did not tell him about this opportunity.
“Brother Feng had shorted the Nasdaq index some time ago, and I don’t dare to follow. Who knows, that incident happened, and the US stock market crashed, affecting the global financial markets. If I had taken this gamble and used high leverage to short the market, I would have made a lot of money.”
“Gamble? I don’t even dare to gamble. Who will know that incident will happen? I only feel that the US economy is not good, and the stock market will fall. If your Eldest Uncle knows you are taking such a big risk, your father and he will break your legs.” Feng Yu laughed.
This is the best explanation Feng Yu can come up with. After all, Fu Guangzheng also doesn’t believe Feng Yu knows about that incident beforehand.
Li Zekai thought for a while. Even if Feng Yu told him about this, he would also make the same decision as Fu Guangzheng. When it comes to financial trading, his family is not as good as the Fu Family.
After the dot-com crisis, the stock markets were badly affected. The Li Family’s shares had plunged, especially his Pacific Century Group. This is a technology company, and the share prices had risen because of the internet bubble.
Although the share prices had fallen, Li Zekai did not suffer any losses. He had raised enough funds to develop his Cyberport.
The incident in the US had caused the Hong Kong stock market to crash, and many tycoons’ net worth shrunk. Superman Li, Hong Kong’s top tycoon, was also affected.
But from the conversation between Feng Yu and Fu Guangzheng, Li Zekai felt they seem to have other money-making opportunities.
“Brother Feng, Guangzheng, do you all still have any good ventures? Our Pacific Century Group’s share prices had fallen a lot. If you all have any opportunities, let me in.” Li Zekai asked.
Fu Guangzheng can stand out in his family because he is lucky to meet Feng Yu early and become friends. But now, Li Zekai and Feng Yu are friends too.
Li Zekai wants to be like Fu Guangzheng in the future and doesn’t want to depend on his family. He wishes there will be a day when someone goes up to his father and ask him. “Are you Li Zekai’s father?”
Li Zekai’s character of unwilling to lose is very similar to Superman Li. If it wasn’t for his womanizing habit, Superman Li might have named him his successor.
But who knows if all these are Li Zekai’s pretense? He might be doing this to show that he is not interested in fighting with his brother over their father’s inheritance. At least, his elder brother will remember this and give him a hand in the future if he runs into any problem.
Li Zekai and his elder brother are very close. Since young, his elder brother had been giving in to him. This is like the Emperor picking his successor in ancient times.
If the brothers fall out, they might let outsiders an opportunity to take away their empire. Now, Li Zekai’s elder brother will be the successor, and their family will still control all those companies. Li Zekai can become the Chairman of many of their companies, despite not being the major shareholder because of Superman Li.
Li Zekai pretends to be fooling around, and his father is unhappy about it. Still, he had helped his father solve the headache of choosing his successor.
Li Zekai doesn’t care how much inheritance he will be receiving. He knows he will not receive less than 1 billion USD, as Superman Li’s net worth is still over 10 billion USD during this time.
Furthermore, Li Zekai’s company is doing well and did not need to follow in his father’s footsteps. This is in line with his playful character. He doesn’t want to get married early like his elder brother and miss out on all the fun.
Feng Yu and Fu Guangzheng own Pacific Century Group’s shares and shared a common interest in the Tai Hua Supermarket Group. Li Zekai believes Feng Yu will let him in if he asks.
Feng Yu smiled and told Li Zekai. “Brother Kai, if you have spare cash, buy some gold. Gold prices will continue to rise during this period.”
“Is it because investors are pulling out their money from the stock market and investing in Gold? But why not oil or something else?” Li Zekai asked.
Li Zekai is not very good with the futures market after all.
“The US is a powerful nation. Do you think they will not seek revenge after this incident? Furthermore, the Bush administration is losing support, and their economy has not been doing well. He needs a major event to gain support and direct his problems overseas.”
Li Zekai’s eyes opened wide. “Brother Feng, you are saying… The US is going to war?!”
“This is for sure! It will be like the Gulf War. They will cooperate with other nations and go to war with Afghanistan. There is a saying, ‘Gold prices will rise during troubled times,’ and that’s why it will definitely rise!” Feng Yu replied confidently
Translator’s notes:
Cyberport