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Chapter 487 - 487: The World’s Largest Bank! The Tantalizing Qjn Rubing! (1)
Chapter 487 - 487: The World’s Largest Bank! The Tantalizing Qjn Rubing! (1)
Chapter 487: The World’s Largest Bank! The Tantalizing Qjn Rubing! (1)
Translator: EndlessFantasy Translation Editor: EndlessFantasy Translation
“How come you only eat so little? Are you not hungry?
As the crowd gradually dispersed, they were dining in a restaurant. Luo Feng noticed that Qin Rubing did not eat much.
Qin Rubing shook her head and replied, “I cannot overeat. The afternoon is the main event and it involves significant figures. I fear that eating too much would lead to an upset stomach, causing me to throw up.”
Luo Feng was a little speechless.
Qin Rubing continued, “In the morning, the gold that was sold totaled approximately 100 tons. Imagining the remaining 400 tons of gold, I anticipate the afternoon to be quite intense!”
“By the way, Luo Feng, I have been thinking, why should we fix the price?” “Why not use an auction format and let everyone bid?”
Suddenly, Qin Rubing proposed this idea. This was a point she had not fully comprehended.
The abundant gold was not lacking buyers, and it was unnecessary to fix the price.
In an auction format, everyone could bid. Even though the bidding range might not be wide, it is still better than fixing the price, right?
Luo Feng shook his head and responded, “Too many people are present, including those from abroad. If we were to use an auction format, a large quantity of gold would inevitably flow overseas!”
Upon hearing this, Qin Rubing had a sudden realization. ‘You mean to sell the gold exclusively to domestic buyers?”
“Exactly, earning less is not a problem as long as we do not sell it abroad. I am not in need of the extra money, as you know!” Luo Feng laughed.
The current price of gold in the market was almost over five hundred yuan per gram.
Including the craftsmanship fee, it would cost over seven hundred Yuan per gram.
Although these gold bars do not possess much artistic value, they hold historical significance.
Moreover, not just ordinary people, but even large banks or corporations found it challenging to procure gold in quantities over one ton.
The price set by Luo Feng of five hundred yuan was considered quite low.
After dining, Qin Rubing ascended the auction stage again, announcing the start of the afternoon’s trading.
Instantly, a middle-aged woman declared, “China Merchants Bank, we want fifty tons of gold!”
As soon as her voice fell, before any surprise could ripple through the room, a man raised a sign, saying, “Agricultural Bank of China, we also want fifty tons of gold!”
“China Construction Bank also wants fifty tons!” “China Huaxia Bank wants fifty tons!”
“Postal Savings Bank of China wants fifty tons!”
In just a few minutes, these banks, as if they had agreed upon it beforehand, requested specific quantities. All exactly fifty tons.
Domestic and foreign netizens who were watching were dumbstruck.
“Wow, is the starting point fifty tons for each?”
“Such a thrill, it’s so exciting!”
“These banks, they are really rich. They can casually demand fifty tons of gold!” “It is the banks, after all. Regular companies could not afford that much!” “What are the banks going to do with so much gold?”
“What else? They are representing official procurement to hedge against financial risks!”
Local small banks present were shivering at the operations of the large banks.
They were incredibly wealthy.
However, they also understood that Luo Feng’s pricing was actually considering the domestic market. If it were open to the entire world, those banks could all join in.
Perhaps at a price of five hundred Yuan per gram, they could not even purchase any.
In a matter of minutes, during this afternoon session, 250 tons of gold was
Foreign banks, initially calm, were now getting anxious. After all, they did not want their trip to be in vain.
A blond, blue-eyed foreign man then declared, “Barclays Bank, we want…”
“Citibank, we want…”
Several foreigners were continuously shouting their demands for gold.
The situation was getting chaotic.
Qin Rubing said, “Everyone, one at a time, please. Don’t rush. I can’t keep track of your quantities this way!”
Of course, on the surface, Qin Rubing could not refuse to sell to foreign banks, right?
She could only say, ‘Wait a bit.”
First, handle those who had spoken up earlier.
In reality, she just would not sell to them. “We, Ping An Bank, want ten tons of gold! ” “Alright, noted!” Qin Rubing said. “We, GF Bank, want ten tons!” “We, Everbright Bank, want ten tons!”
“We, Minsheng Bank, want ten tons!”
These banks orderly called out their demands, as if they had rehearsed it, exhibiting perfect organization.
After Minsheng Bank finished its call, tens of tons of gold had been sold again.
“Damn it, what’s going on? We called out earlier and they just asked us to wait?”
“That’s not fair!”
But just as foreign banks began to grumble, a middle-aged man familiar to Luo Feng raised his sign, “We, Industrial and Commercial Bank of China, want a hundred tons!”
Goodness gracious!
The remaining gold was only a hundred tons.
As soon as this man spoke up, he requested that entire amount.
He was indeed formidable.
Even foreign banks like JPMorgan Chase did not have such formidable financial power.
“Who is this? Why does he want so much?”
“Indeed?”
“If it’s Industrial and Commercial Bank of China, it’s not surprising, not surprising at all!”
“No, if they take so much at once, there will be no gold left!”
Seeing this, and hearing Luo Feng’s instructions over her earpiece, Qin Rubing smiled slightly and said, “Representative of Industrial and Commercial Bank of China, I think your request is rather large. As you know, there are many foreign friends still planning to purchase.. How about you decrease your demand to fifty tons, leaving some for others?”