Gold futures are margin trading, and the leverage ratio is 1: 10 (which can enlarge the capital 10 times). It can be traded regardless of the ups and downs, but it is a matching transaction (buying must sell), and the trading time is very limited (9: 00-1:30). And the daily limit is 3%~4%.

Paper gold, also known as account gold, is a financial product jointly launched by Shanghai Gold Exchange and banks, among which only ICBC, China Construction Bank and China Merchants Bank can do it. ICBC called it Ruyijin, CCB called it Dragon, and China Merchants Bank called it Gaojin. The leverage ratio of paper gold is 1: 1, which is convenient to trade and can be converted into physical objects with investment profitability, but its investment cost is high.