深圳水贝粤宝鑫被封调查：对赌“预定价”爆仓，受损者可到派出所登记

Core Viewpoint - The recent collapse of the gold material supplier "Yue Baoxin" has led to significant financial losses for jewelers in the Shui Bei market, highlighting the risks associated with the prepayment model in gold trading [2][10]. Group 1: Incident Overview - Multiple jewelers reported that "Yue Baoxin" failed to deliver gold materials after receiving payments, leading to the company's sudden closure and disappearance [2]. - A video showed that Yue Baoxin's store was sealed, with a notice indicating the suspension of operations and advising affected individuals to report to the police [2]. - The incident is believed to be linked to a surge in gold prices, which caused the supplier to incur significant losses after betting on a price drop [2][5]. Group 2: Business Model and Risks - Gold material suppliers typically operate by allowing customers to pre-order gold bars, with profits generated from the price difference [3]. - The collapse of Yue Baoxin is attributed to a high-risk "pre-order pricing" model that allows suppliers to control large amounts of gold with minimal capital, leading to potential financial instability [4][10]. - The prepayment model lacks effective regulatory oversight, making it susceptible to misuse and financial fraud [10][11]. Group 3: Market Impact - The incident has reportedly affected over a hundred downstream wholesale businesses, with rumors of multiple suppliers in the Shui Bei market facing similar issues [6][7]. - Some external gold shops have also been impacted, with reports of significant losses due to their dealings with Yue Baoxin [8]. Group 4: Legal and Regulatory Context - The transactions involved in this incident are considered illegal futures trading, violating regulations set by the State Council regarding financial risk prevention [11]. - Legal outcomes typically result in suppliers being required to compensate investors for a portion of their losses, often between 50% to 70% [11].