At present, almost all banks have launched personal gold investment products. Among them, banks that have already started physical gold business include Ruyi Gold Bar of ICBC, Zhao Jin Gold Bar sold by Agricultural Bank, Ding Long Gold Series of China Construction Bank, Gaosaier Gold Bar of China Merchants Bank, Jujinbao issued by Shenzhen Stock Exchange and Jinying of Huaxia Bank.
Customers need to make an appointment one week in advance and then pick up the goods from the vault. Buying physical gold requires full payment, but the purchase threshold is relatively high. The object of physical gold is the gold bars and coins customized by the bank itself. For example, China Industrial and Commercial Bank's "Ruyi Gold", China Construction Bank's "Dinglongjin" gold bar, the Zodiac commemorative gold bar in 2006, and the pig baby gold bar in 2007. Some banks represent gold bars produced by gold and silver production companies. For example, China Merchants Bank represents 2-ounce, 5-ounce, 10-ounce standard gold bars. However, the physical gold investment details of each bank are not the same. Before making a choice, you have to know clearly before you can choose the physical gold that suits you.
Some banks only sell physical gold investment products, and banks do not provide free custody and repurchase services. Just like buying gold ornaments in a gold shop, you need to take the gold bars home after paying the bill. However, unlike gold shops, buying physical gold in banks can ensure its quality on the one hand, and its quotation is linked to the international gold price, which is highly transparent.
Investors can buy bank gold in the following ways:
1. Gold is among the precious metals in the account.
Account precious metal gold trading is similar to futures trading, with two-way trading and T+0 trading. Generally, USD gold (foreign exchange) and USD gold (paper money) are purchased, expressed in USD/oz, and the minimum transaction unit is 0. 1 oz. When shorting, investors need to transfer the funds into the margin account first, and then use the funds in the margin account for trading.
2. Gold accumulation
Gold accumulation is similar to the fixed investment operation of the fund. Investors need to set the accumulation amount, accumulation period and accumulation cycle to purchase automatically. Once the accumulation plan is set, the accumulated amount can be frozen from the investor's fund account and the accumulation plan can be implemented from the next trading day.
3. Paper gold
Paper gold is a kind of book-entry gold, which is linked to the price of spot gold (London gold) and adopts a 24-hour uninterrupted trading mode. Its trend is basically consistent with spot gold. Investors can buy it at China Construction Bank's mobile banking or at the bank counter. It has the following characteristics: one-way trading, that is, investors can only do more, without leverage, and cannot exchange goods. Paper gold adopts T+0 delivery method.