On this sunny morning, after enjoying a rich breakfast, Kyle planned the development of the company at home.
The decision to expand the territory has become a foregone conclusion.
However, how to start a business, how to operate it, which company to acquire, etc., all require careful consideration. In many things, success is not guaranteed by having money.
Don't you see that there are so many prodigals in the world?
"Good morning, boss!"
Kyle's personal lawyer Paul Goodman visited Kyle in person.
"You sit in the living room downstairs for a while. I'll come right over after I finish some things." Kyle shouted from upstairs.
Now that the boss has spoken, what else can Lawyer Paul say?
Of course, I obey him.
Not long after, Kyle took a quick shower in the upstairs bathroom and went downstairs to meet with lawyer Paul Goodman.
"Good morning, Lawyer Paul. I hope you bring me good news."
Kyle sat on the sofa and asked the maid to bring him a cup of coffee. And also to add another cup of coffee for Paul Goodman, because after all, he had finished his coffee while waiting.
"Boss, this is indeed good news."
Paul Goodman smiled and said, "But boss, I'm not trying to be mean to you, but you're a billionaire after all. Could you please prepare a little more coffee for your guests next time? Well, this Nestle instant coffee is really not that great. It can only quench your thirst."
Upon hearing this, Kyle burst into laughter.
At this moment, how could Kyle look like a billionaire at all?
"Hey, hey, hey~ man, it's not that I'm stingy, I just really can't get used to those so-called brand-name coffees. I really don't think those coffee beans that cost hundreds of dollars a gram are any good. To be honest, I just think instant coffee is refreshing and thirst-quenching."
After saying that, Kyle took another sip of the coffee in the cup happily.
In fact, Kyle did not lie this time.
Kyle really doesn't like coffee; even if it's tea, to be honest, Kyle can't tell whether it's good or bad.
Alas~ To put it bluntly, Kyle is still a loser.
Paul Goodman held his forehead and shook his head. "Well, I won't discuss your personal quality of life with you. This visit is indeed good news, as you said."
"Oh? Is it about the money from Gale Capital?"
Paul Goodman nodded: "That's right."
"How much exactly?"
Paul Goodman continued, "The amount you withdrew from Gale Capital's overseas account this time was $1 billion. After numerous arrangements, AWD Finance and my legal team, travelling through multiple states in the US, officially settled the funds yesterday. After mitigating some risks, a total of $260 million in taxes was paid!"
Oh shit!
At this moment, even though Kyle had been prepared, he couldn't help but feel a little distressed when he had to pay 260 million US dollars in taxes all at once.
"Damn it! The IRS is such a bastard! They didn't do anything, but they took a lot of money from me." Kyle cursed.
Paul Goodman pondered and said, "Boss, reducing the original fixed tax rate of 35% to the current 26% is the best we can do. If we reduce it any further, they will sue you in court."
Kyle nodded.
In fact, Kyle is not stingy. Just ask those financial tycoons on Wall Street, can they remain calm and smile every time they transfer overseas funds back to the United States?
Go to hell!
Anyone would feel extremely unhappy after paying a large amount of taxes.
It is said that Cressman Von, a senior partner of Beresden, a well-known financial tycoon and billionaire in the United States, would smash a few cups every year when settling accounts.
Moreover, his office has to be renovated every year.
Why?
Because every time after filing his taxes, he would definitely smash his office up!
The interesting story of "Cressman Fung's new office" is known to almost everyone on Wall Street.
Making money is fun, but tax deductions are a big deal!
...
After deducting $260 million from $1 billion, Kyle still has $740 million left.
"Finally, we can have a great time!"
As soon as the funds were in place, Kyle called Alexander and asked him to notify the executives of California Standard Bank to return to the bank headquarters for a meeting in the afternoon.
California Standard Bank.
"Ladies and gentlemen, the purpose of this meeting is simple: I want to inject $400 million in cash into the bank."
"$20 million of this money will be used to replace equipment at all California Standard Bank branches and to build new branches in other cities. The remaining $380 million will be used to buy gold!"
"Remember, don't buy gold futures!"
"We only want gold. We want to acquire a large amount of physical gold. Firstly, we can use it as a reserve for our bank, and secondly, we can use it as a long-term investment."
After the words were spoken, everyone present was puzzled and confused.
Some even felt that Kyle was just messing around. With such a huge cash flow, why not make money? Why invest in physical gold?
"How much money can you make by investing in gold?" muttered an executive.
"Yes, the boss is still too young. Doesn't he pay attention to the rising and falling trends of gold prices in recent years? In recent years, the international gold prices, whether physical gold or futures paper gold, have plummeted." Another executive echoed.
Their voices were very low, but it must be said that Kyle had very good hearing and he heard everything they said.
"Stupid guy!"
Kyle cursed in his heart: "Two idiots, who said gold can't make money?"
In fact, it is no wonder that bank executives do not support Kyle's decision. After all, they don't know the future international gold price and are not prepared for a big explosion!
...
Speaking of this, we have to mention the advantage of time travellers' foresight!
Due to industrial development in various countries around the world, national gold prices do fluctuate frequently.
From 1933 to 1980, the gold price rose from $20.67 per ounce to $850 per ounce over a period of 47 years.
It can be said that at this stage, investing in gold will definitely make huge profits!
However...
Due to the development of the Internet, real estate, high technology, and emerging industries, coupled with the continued weakness of the US dollar, the international gold price has been falling.
From 1980 to 1999, the price of gold fell from $850 to $251 per ounce over a period of 19 years.
It can be said to be a huge drop!
During this period, banks and investment institutions that held large amounts of physical gold suffered heavy losses.
But man proposes, God disposes!
With the bursting of the Internet bubble in the early 21st century, many people and investment institutions that invested in the Internet and other high-tech industries suffered huge losses.
The continued weakness and depreciation of the US dollar have prompted people and investors around the world to once again buy gold to preserve their value.
From 1999 to 2011, a period of 12 years, the price of gold rose from US$251 to US$1,912.
[Note: In April 2020, the international gold price was around US$1,690 per ounce.]
"If you don't invest in gold now, when will you invest?"
Kyle was naturally envious of the expected rise in gold prices over the next decade or so. He could preserve value while also making money, so why not?
Investing in gold will bring you more than 7 to 7.5 times the profit in the future. How can you ignore it?
"That is to say, the money I have has other uses, otherwise I might have to buy a large amount of gold." Kyle's mind moved.
Furthermore, investing heavily in a bank would greatly facilitate Kyle's subsequent acquisitions. Furthermore, using the bank's name to acquire other companies would allow for maximum tax avoidance.