bestfiction Chapter 405 The First Pot of Gold for Four Ten-Thousand-Year-Olds
Chapter 405 The First Pot of Gold for Four Ten-Thousand-Year-Olds
Lin Dongzhe was tightly holding a woven bag full of treasury bonds. Just as Tu Nan had said, everyone basically used treasury bonds to buy tape recorders.
They not only made a profit from the price difference in buying and selling goods, but also from the price difference in treasury bonds. This business deal seemed to have yielded a substantial return.
As agreed before departure, they would sell goods during the day and must pack up before dark. That night, they booked a room at the town's guesthouse. To ensure the safety of the goods, they took turns keeping watch: Ada and Pengfei were on duty for the first half of the night, while Tunan and Dongzhe were on duty for the second half.
The journey was not without its challenges. They encountered a group of oil thieves along the way and lost a tank of oil, but fortunately, the tape recorder was not stolen.
Amidst the price war and the nationwide buying frenzy, all 350 tape recorders, smuggled watches, and clothing they brought were sold out in less than ten days.
That evening, they returned to the guesthouse with their luggage bags and eagerly began counting their cash and treasury bonds.
This was the first time in their lives they had ever seen so much money. The four of them lay on the pile of banknotes and treasury bonds, their young faces beaming with joy, cheering in unison. "We're rich! We're really rich this time! We're so lucky!"
Then the four of them quickly covered their mouths, looked at each other, and laughed again.
Early in the morning, Pengfei drove his truck, and the four of them, each carrying a woven bag full of treasury bonds, headed to the bank to exchange them.
The principal of 143,000 yuan was exchanged for more than 12,000 yuan in cash and 189,000 yuan in treasury bonds.
They rushed to Shanghai to exchange their bonds for treasury bonds. At a ratio of 1:1.04, 189,000 treasury bonds instantly became more than 196,000.
After making some money, they returned to Suzhou to let their families know they were safe and sound.
After a brief stop, they returned to Fujian Province to purchase more goods.
This time, they brought in three hundred tape recorders, as well as smuggled watches, tapes, and Diadona's sneakers.
From the beginning of July until the end of August, they seized this rare business opportunity and made three separate purchases.
Especially on August 20th, the day before, the radio station broadcast the news of the price breakthrough, and the price soared instantly, starting an even more ferocious buying frenzy than before.
People were gripped by extreme panic, fearing that their money would rapidly depreciate in the bank. They rushed to banks to withdraw cash, and the situation spiraled out of control. Many banks were emptied of cash and found themselves with no money to withdraw.
In this frenzied buying spree, commodity prices have long since lost their rationality.
Take tape recorders for example. Even if they sell for 500 yuan each, people still fight tooth and nail to buy them.
Everyone was in a frenzy, grabbing whatever they could get their hands on; the only requirement for the tape recorder was that it could make sound. The scramble for goods escalated into brawls right in front of the stalls, plunging the entire market into chaos.
Every day, an endless line forms outside the bank as people begin queuing at 4 a.m. in order to withdraw money as soon as possible to buy goods.
When Tu Nan, Lin Dongzhe, Ada, and Pengfei finally emerged from the bank with their passbooks, they excitedly hugged each other tightly.
They had such a smooth journey; it seemed like the heavens were looking out for them.
It's important to know that many of the goods they sell are smuggled items, and they would be seized without hesitation if inspected. Fortunately, they managed to avoid all the risks.
Lin Dongzhe had two savings accounts. One contained 100,000 yuan for his parents, and the other contained 50,000 yuan for himself.
He now finally understands why the government issues denominations of one hundred and fifty yuan. With so much money, if it were in ten-yuan notes, it would fill several sacks.
"Brother Ada, Brother Pengfei, we're both now millionaires!"
Pengfei joked with a smile, "Lin Dongzhe earns the most, shouldn't he treat us to a meal?"
Lin Dongzhe patted his chest generously. "Please, let's go to the Shanghai Hotel and eat our fill."
Four young people, all with ten thousand yuan in savings, walked arm in arm, their bankbooks—symbols of their wealth—striking confidently down the street, as if the whole world was at their feet.
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Lin Dongzhe first sent the money back home, and then went back to Fujian Province with Ada to repay the money.
His father specifically instructed him to thank his aunt and uncle in person, since these three shipments were made possible by their connections and favors, and a banquet to express his gratitude was a must.
Pengfei sent 5,000 yuan home, 10,000 yuan to his aunt, and also chose a gold bracelet.
Pengfei knew that if he gave his aunt too much money directly, they definitely wouldn't accept it, so he chose to buy her a gift.
He still had 15,000 yuan left.
This business deal earned Pengfei his first pot of gold.
He himself majored in economics and has an extraordinary sensitivity to economic changes in the market.
Take treasury bonds as an example. The redemption price of treasury bonds by banks in Hefei is 0.9, while that of banks in Shanghai is 1.04. Nowadays, banks are not interconnected and operate independently without interfering with each other. They do not sell anything themselves, but can make a fortune just by buying treasury bonds. This is what Brother Tu Nan is talking about as the information price difference.
On the other side, Song Ying could hardly believe her eyes when she saw that her son, Lin Dongzhe, had earned a full 100,000 yuan.
She never expected that this business deal would be so profitable.
Overwhelmed with emotion, she hugged Wu Feng tightly, speechless for a moment.
In her heart, this was the first big sum of money her son had ever earned, and she planned to save it all for Xiaoting and Dongzhe's wedding.
Thinking of Xiaoting, Song Ying couldn't stop smiling. "Wu Feng, Dong Zhe has become successful, he's grown up, and he can earn money now."
Lin Wufeng chuckled and patted her on the back. "All the money in our family is yours. You can do whatever you want with it."
"Wu Feng, I want to buy two pagers, one for you and one for me. I also want to buy gold for Xiao Ting and Sister Ling."
Song Ying, who had been laughing happily just moments before, gradually became uneasy again.
She sat on the bed, looking at the bankbook, her face full of worry. "Wu Feng, Dong Zhe is coming back too. Shouldn't we go and tell Sister Ling the truth? I'm suddenly a little scared of Sister Ling."
Song Ying was genuinely scared. She and Sister Ling had been sisters for many years, but she was also worried that the matter of the two children would affect their friendship. After all, Sister Ling was one of the few good sisters she had in her life.
Lin Wufeng comforted him. "Dongzhe called and said he'll be back on the 28th, and the three of us will officially visit. Tonight I'll ask Teacher Zhuang and Sister Ling about their situation. You and Sister Ling have such a good relationship, so everything will be alright. Don't be afraid. Sister Ling and Teacher Zhuang are both reasonable people. Besides, I'm taller than you, so if anything happens, hit me first."
Song Ying was amused by Wu Feng's humorous remark and nodded in response with a smile. "Wu Feng, then put on your helmet and wear it for a while longer."
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