Especially at night, the temperature drops below zero degrees Celsius.
I don't want to get up in the warm bed in the morning...
After taking a sip of ginseng soup, Chen Mo stretched himself out of bed and opened the door to the room.
In the cold late autumn, Erha still hadn't unlocked its IQ. He ran out like the wind as soon as he opened the door...
The night was cold and the ground was covered with frost. Erha still wanted to go out and run back and forth as usual every day. He made a sharp turn without stopping, and fell and screamed.
The entire Jinsha River was scoured.
Chen Mo scattered 365 kilograms of gold in the creek, but only 341 kilograms were recovered. A full 21 kilograms were missing, and two Ferraris...
As a miserable child who was used to living in poverty, Chen Mo beat his chest angrily and prepared to go over and wash the washed tailings again. But today was not the time.
Chen Mo took fifty gold bars and got into the pickup truck, and first went to Bright's residence. This guy went to Seattle and drove back a hot red Lexus LC with a 3.5lv6 engine and a naturally aspirated sports car.
"Take my car." Brett patted the roof of the car and said with a smile.
Chen Mo picked up his pocket and sat on the passenger seat, looking at the interior: "Beautiful Lexus, how much does this car cost?"
"$100,000 is not difficult for you." The ranch has a cement road connecting to the state highway. This car has a low floor and has a front tire lift function. When you get to the asphalt of the interstate road, this car starts to exert force...
…
"You drive slower, there is a wildlife sanctuary ahead."
"Don't worry. The view ahead is wide..."
Chen Mo also wants to buy a car like this.
The air conditioning in this type of car is usually not good, and you get hot when you sit in it, making you want to take off your clothes...
When they arrived at the door of the bank, Cohen was waiting outside. Seeing Chen Mo holding a heavy bag, he made an invitation with a smile on his face: "Please."
Chen Mo smiled...
Entering the VIP room, there were two men in suits, one fat and one thin, both in their early thirties. They looked arrogant and seemed to look down on country people.
"These two are from the headquarters and are responsible for the gold business." Cohen said with a smile.
"Hello, I don't know how much gold you have on your hands." The fat man said, giving the at least the respect that a rich man should have.
"Have you seen the previous gold?" Chen Mo asked without answering.
"I've seen it, it's of good quality. But the quantity is too small." The thin man shrugged, because they came all the way from New York to Montana, and it was not cost-effective.
"I don't know your quotation?" Chen Mo touched the newly sprouted stubble on his chin and looked at the two of them.
"If you only have these two pieces, it's not worth our price. How much gold do you have on hand?"
Chen Mo hesitated for a while and then gestured with two fingers.
"Two thousand ounces?" The fat man's eyes lit up. Two thousand ounces, this time it was not in vain.
Chen Mo shook his head.
"Two hundred?" One fat and one thin looked at each other.
Brett was speechless: "Are you stupid? Are you stupid? Shet." He picked up the two gold bars left on the table and said, "These two gold bars have more than seventy ounces. How can we only have two hundred?"
ounce."
The gold commissioner was not angry and glared at the same time: "Twenty thousand."
"Two tons!" Chen Mo said with a look of disdain, naked contempt: "Two tons. I have two tons of gold. Tell me about your quotation and how you can help me avoid the damn income tax."
"Sss~~" The two of them gasped at the same time, and even Cohen, who had been smiling before, suddenly stood up.
"Two tons, no joke." Cohen said.
"Two tons... maybe a little off, but not much off." Chen Mo took the ashtray on the table, took out a cigarette and lit it: "Your quotation."
"$1,200."
Chen Mo just lit up his cigarette and only had time to take a puff. When he heard the quotation, he picked up the gold bars on the table and prepared to leave...
Cohen quickly stopped Chen Mo: "The price is negotiable. How about $1,220?"
"1240." Bright said: "Your bank is not the only one to recycle gold. Considering that we are friends... 1240 US dollars per ounce."
"Does your gold... have a legal source?"
"Of course, we have a gold mining license." Bright smiled: "Otherwise, we would not raise the issue of income tax. You have to pay the transaction tax of US$1,240."
"We can't make the decision on this matter, can you give us two more days?" said the fat man.
"Two days..." Bright looked at Chen Mo and saw Chen Mo nodding: "No problem, just two days. By the way, Mr. Cohen and I signed a confidentiality agreement. I don't want too many people to know that I have a lot of gold."
"We know that the bank's most important thing is its reputation, so you can rest assured." The thin man lowered his high profile and saluted Chen Mo.
Chen Mo took out the gold he brought, the thin man stayed to appraise it, and the fat man got up and left...
The purity of this gold does not meet the 999 standard, and the gold content is also 978.
Gold trading is very troublesome, not to mention a large amount of gold trading. The entire transaction process lasted for a month. The difference was from dozens of kilograms to two tons...
The total is ounces.
US$1,240 per ounce, total value US$10,000.
Repay bank loan 38.5 million.
The interest accrued on the loan is calculated month by month based on the amount used...a total of 800,000 interest.
Then pay off the debt of the ranch itself of 15.81 million (buying cattle, buying sheep, buying equipment, and building infrastructure for the ranch).
Then I started thinking about filing tax returns.
There are two things you can't escape in the United States: death and filing taxes.
For example, in Snow Mountain Ranch, Chen Mo's previous investment was more than 8 million, and the current fixed asset valuation is 35 million (only counting land and ranch buildings).
First you have to pay local tax.
Income tax, because a large amount of income was used to repay debts, the income tax that needs to be declared is only over 20 million.
But, if Chen Mo sells the Snow Mountain Ranch in the future...
When Chen Mo bought the Snow Mountain Ranch, his initial investment was only over 8 million. If he sells the ranch in the future, the tax base will have to start from over 8 million...
There are so many items that need to be reported, so Chen Mo hired a specialized tax reporting company and worked with the bank's accounting department to sort out the best way to file taxes.
Property taxes are non-negotiable, $1.07 million.
The maximum income tax is 20%, of which the state tax is 8.7%. It is much more cost-effective to file taxes in the name of a ranch than to file personal income...
Then there is the construction of pasture infrastructure. The Ministry of Agriculture has provided certain subsidies...
In the end, $4.9 million in taxes was paid.
Chen Mo was busy filing taxes, while Bright rewrote the ranch's development plan at the ranch...
Debt-free and light-hearted.
Chen Mo returned to the ranch happily and sorted out the ranch's financial statements.
The ranch currently has two accounts, one is the ranch's own account, and the other is the ranch's investment account, which is exclusive to Chen Mo.
There are 3,650 breeding cattle on the pasture, all of which are adult cattle (bulls and cows). There are 700 calves and 361 fattening cattle.
Dorper sheep, 951 breeding sheep and 61 lambs.
There are nearly four thousand reed chickens.
Silky chickens, nearly a thousand.
The pasture has a large feedlot, which can raise 15,000 cattle at full capacity. Now that the funding gap has been solved, so many cattle will not be raised. There are 3,650 breeding cattle slowly multiplying, which is almost enough.
The plan is to expand the scale of Dorper sheep to 46,000 and sell 5,000 lambs every year. This is not difficult.
The ranch account has US$3.71 million, with zero debt... This amount of money is enough for the ranch to operate normally.
The ranch investment account has 17.37 million, which is equivalent to Chen Mo’s personal account. Snow Mountain Ranch was originally privately owned by Chen Mo, with 100% holding...
How much did it cost in total?
68.6 million?
Probably this much.
The pasture land is 35 million, and the cattle cost more than 10 million. They are all adult cattle, and each cow weighs more than 530 kilograms. The average weight of Limousin cattle is about 700 kilograms.
A total of more than 4,000 cattle were purchased, which was higher than the market price on average.
The construction of cattle fences in the pasture, the installation of a large number of wooden fences on more than 10,000 hectares of land, the purchase of a large amount of machinery and equipment, and the re-planning of the pasture structure... cost five to six million.
Construction of cattle and sheep farms, cow dung, sheep dung processing plants.
Establish breeding bases, laboratories, sperm cold storages... build a large number of grain barns, feed processing plants, dig water wells...
Every expenditure on the ranch is clearly recorded.
Bright's previous development plan was to make Snow Mountain Ranch earn 70 million US dollars within five years to repay debts and loans. Sharpening the knife does not miss the time to chop wood. The construction of the ranch can be said to be completed in one step without any delay. The Snow Mountain Ranch will be built as soon as possible.
The ground is operating at full capacity.
This approach is very radical and risky, but there is no other way. Otherwise, with so many loans and liabilities, just the interest issue can bring down the ranch.