More Than 70% Of Wenzhou Fried Consortium Lost &Nbsp, And Speculators Lost Tens Of Millions Of Dollars.

On the other hand, Wenzhou's private capital, which is known for its freedom from investment and speculation, is being accused of highly speculative silver. What happens when the two collide?

Silver prices began to turn at the end of April after experiencing a continuous rise in carnival, and in the early May, they were more and more.

There are rumors that more than 70% of Wenzhou's "fried Consortium" has lost money, and some Wenzhou people have lost hundreds of millions of dollars.

The daily economic news reporter recently visited Wenzhou and learned that these Wenzhou fried silver merchants had lost tens of millions of yuan and earned millions of dollars.

In Wenzhou, where the area is not large, the trend of universal speculation is breathtaking.

Behind this wave of precious metals such as gold and silver, the industry and commerce data show that as of May 16th, the number of locally registered investments in precious metals has reached 24.

"Wenzhou is a leader in the industry of gold and silver investment in the whole country. From the perspective of customer distribution and trading volume, the rest of the country is not as good as Wenzhou."

Wenzhou local senior precious metals operation director told reporters.

"Loss of tens of millions"

At 10 a.m. on May 14th, some local people in Wenzhou called it "the gathering of wealth centers and other business districts to attract a large number of investment companies".

"In April, the real price of silver was up to 10 yuan per gram (including the handling fee of about 1 yuan per gram), and now it has dropped by about 8.6 yuan per gram."

A salesperson at Hengtai Datong direct shop told reporters that in the Jin Yuan jewelry store, the shopkeepers set up a brand "silver investment and wise choice" in the silver location. When someone walked in, there were 35 salesmen.

In kind, silver is one of the most common investment in Wenzhou market, and it also includes paper silver and silver T+D.

At the beginning of May, many investors who were involved in the delayed trading of silver T+D suffered losses in Wenzhou.

In May 3rd, the domestic silver market resumed trading. Mr. Li looked at the silver market early in the morning, and the elongated dotted line surprised him with a cold sweat.

"Before the festival (labor day), after the festival, the international silver price may climb up to 50 dollars, so the price of 10600 yuan / kg is more than 5 hands (1 hands for 1 kilograms)."

In May 3rd, silver (T+D) was down, with a margin of 20% or 5 times its leverage, and its losses exceeded 60%.

Just like Mr. Li, buying the "silver price rise after the festival" is not unusual.

In April, the enthusiasm of Wenzhou's capital investment in silver broke out, and the statistics of Wenzhou branch of ICBC (601398, stock bar) showed that the volume of pactions in Wenzhou in April had caught up with the total in the first quarter of this year.

In view of the recent rumors that some people in Wenzhou have invested hundreds of millions of dollars in silver losses, ICBC Wenzhou branch has settled accounts for

At present, there are many industrial and commercial banks in Wenzhou, such as ICBC, Shenzhen Development Bank (), Huaxia Bank (600015, stock bar) and other banks involved in precious metal trading business, including ICBC, Shenzhen Development Bank, Minsheng Bank (600016, stock bar) and so on.

As for the loss of investors, some banks told reporters that there are more channels for private capital to invest in Wenzhou, and the specific data are hard to count.

After the silver price weakened, according to the Shanghai gold exchange data, in May 3rd, the trading volume of silver Ag (T+D) was about 13 billion 200 million yuan, shrunk by half as compared with the last trading day before the holiday.

"Some time ago, silver rose, and some of the losses are now in favor.

"Now it's like a frightened bird."

A person in charge of precious metals investment in a local bank in Wenzhou described the mentality of these Wenzhou investors after "roller coaster".

"Come in quickly and earn money".

Besides losses, some Wenzhou investors also make profits.

Mr. Chen is the owner of a well-known enterprise in Wenzhou. In 2009, he invested in gold at Hengtai chase Wenzhou company. The investment capital was stable at around 3 million yuan.

Last year, gold bull market, he seized only one and a half of the market, failed to make a big profit.

Chen also began to pay attention to the silver market after making gold, and felt that silver's fluctuation was bigger and suitable for speculation.

In April this year, Chen added 3 million yuan of funds to intervene in the market decisively.

In April 29th, he judged that silver was rising too fast, and there might be a mid-term callback, so he made blank silver near the price of 10200 yuan / kg, occupying more than 20 yuan. After the May Day holiday, the silver diving jump exceeded his expectations. In May 5th, Chen chose to make a profit in the middle of the season and left a profit of over 2 million yuan.

"Profitability has some characteristics, investment is more calm and conservative, fast forward and fast out."

Pan Biqing, director of market operation of Hengtai chase Wenzhou branch, said that this wave of decline came from the technical correction after the rapid upgrading of the silver market, accompanied by the international risk events and the departure of some speculative profits.

Yang Wenxian, who has been engaged in silver business for 7 years, seems to believe that this wave of silver quotations is "less profitable than losses". All those who make money are rich in investment experience, and investors who take the reverse investment must have a dealer and an international character.

Latecomers are eager to try.

In view of the current investment in silver, should we copy the bottom or sell it? The economic circles are divided into two schools.

Song Hongbing, the writer of "currency war", was the first to sing many silver coins. The silver medal was represented by Ma Guangyuan, an economic commentator.

The two sides insist on each other and do not give in to each other.

In Wenzhou, though the silver market is going up and down, some latecomers who haven't invested in silver are also eager to try.

Ms. Chen has been in speculation before, she told reporters that she has done a good job of capital withdrawal, intends to enter the silver market to fight, when to enter, she would like to observe a period of time.

In her view, silver will also rise.

Pan Biqing told reporters that other investment channels are not particularly good at present. For example, the stock market and the property market, Wenzhou capital is still keeping a close watch on the silver market.

According to its disclosure, "a few days ago, one of the company's own stores has a customer ordering more than 10 kilograms of real silver."

According to data from Wenzhou branch of Shenzhen Development Bank, the trading volume of precious metals and the number of new signing accounts in the 9 days after the May Day holiday are basically the same as that of the previous month. In May, the activity of precious metals trading in the branch remained relatively stable.

Yang Wenxian believes that with the rise of processing costs, the price of silver rose from 4000 yuan per kilogram to 6000 yuan, which is in line with the market rules. At present, the price of silver in the market is maintained at 6000~7000 yuan per kilogram.