If investors want to invest in silver coins, they need to know something about the silver coin market, in which commemorative silver coins appreciate greatly and quickly, while ordinary silver coins are low in price and simple in operation. Investors can choose different varieties according to their own situation. Shanghai Huatong Platinum and Silver Trading Market opened in July, 2003, and now "China Silver Network" has been opened for online trading. However, only enterprises with the qualification of "Huatong Platinum Bank" can participate in online transactions and do not accept personal transactions, so investors can invest through enterprises with the qualification of dealers.
The buyer's dealer can pay the down payment of 200 yuan/Jin in installments according to the number of transactions, and then purchase the transaction. Before submitting the warehouse receipt, the seller's dealer can conduct the sales transaction by providing the goods guarantee. The minimum transaction quantity 1 batch is 30kg, and the transaction fee is 0.5 yuan /kg.
The Shanghai Gold Exchange plans to launch spot and deferred silver trading in July, which may provide investors with more investment channels. Paper silver is a kind of personal certificate silver, which is a new precious metals investment variety after paper gold in Chinese mainland. Investors buy and sell virtual silver on the books according to the bank quotation, and individuals earn the fluctuation price difference of silver by grasping the international silver trend. Investors' transaction records are only reflected in individual pre-opened silver accounts, and physical silver is not withdrawn for delivery.
At present, the investment varieties of paper and silver in Chinese mainland are provided by China Industrial and Commercial Bank of China, and the way of opening an account and entering the market is similar to that of paper gold: the online bank applying for ICBC has a column of "Online Precious Metals", and the precious metals interface of the account will display the prices of buying and selling, etc. as long as you click to enter.
Transaction time, cost and expenses
Trading time: The price change of paper and silver comes from the fluctuation of international silver price, so the trading time of paper and silver is the same as that of international silver (except holidays): the market opens at 6:50-7:00 on Monday morning and closes at 4: 00 on Saturday morning, with 24-hour uninterrupted trading.
Transaction cost: The minimum transaction volume of ICBC paper and silver is 100g, so the transaction cost is the current paper and silver price (such as 3.8 yuan /g) multiplied by 100g, which is the transaction cost (i.e. 3.8 yuan /g* 100g=380 yuan).
Transaction costs: theoretically, ICBC does not charge transaction costs, but we regard the difference (or price difference) between the buying price and selling price of ICBC paper and silver as the transaction costs of paper and silver investment; At present, the paper-silver spread of ICBC is 0.04 yuan. At present, the most important silver-related stock in Shenzhen and Shanghai stock markets is G Yuguang, which is the largest silver production base in China. Earnings per share in 2005 was 0.38 yuan. In the third quarter, silver products accounted for 23.54% of its main business income and its gross profit margin was 8.88%. Recently, the non-ferrous metal plate has seen a large increase, but it is expected that if the price of silver in the international market continues to rise, there will still be opportunities.
At present, all kinds of commodities in the international market, especially non-ferrous metals and precious metals, are in the ascendant. Due to twin deficits, the problem of weak dollar has not been solved, and investors seek to preserve value. Precious metals have become the best safe haven. If the silver ETFs fund is approved for listing, the price of silver is likely to hit a new high.
Under the background of current international political and economic stability, there is a great possibility of successful issuance of silver funds. It is expected that the price of silver will continue to rise, but once it falls, it may fall even faster. Investors must have full risk awareness. Especially when doing margin trading, leave room and pay attention to stop loss in time. Introduction of Silver T+D[Ag(T+D)] Business
I. Business Introduction
China Minsheng Bank is an effective agent of the Bank as a financial member of Shanghai Gold Exchange, providing a channel for individual investors to participate in the deferred trading of precious metals in Shanghai Gold Exchange, and acting as an agent for individual investors in fund settlement, position risk monitoring and margin management.
Two. Summary of trading rules
1. trading variety: silver extension Ag(T+D)
2. Trading channel: VIP version of personal online banking.
3. Trading quotation: silver RMB/kg, accurate to RMB; Gold RMB/gram, accurate to two decimal places;
4. Trading unit: 1000g/ hand (trading starting point is 1 hand).
5. Trading margin rate: 65,438+00.5% of the contract value (the margin required for primary silver is about 400 yuan, and that for primary gold is about 25,000).
6. Handling fee: The handling fee rate for silver trading is 14/10000.
7. Daily fluctuation range: 7% of the settlement price of the previous trading day.
8. Payment date of deferred charges: Ag(T+D) pays the deferred charges of Au(T+N 1) contract on a daily basis. The payment date of deferred charges is the last trading day of odd-numbered months (liquidation before delivery does not involve the payment of deferred charges). The payment date of deferred charges for Au(T+N2) contracts is the last trading day of even-numbered months (settlement before delivery does not involve the payment of deferred charges).
9. Delay rate: Au(T+D) is two ten thousandths of the contract market value/day; Au(T+N 1) and Au(T+N2) are one percent/two months of the contract market value.
10. Transaction functions: account opening and signing application, signing information inquiry, account change, signing information change and account cancellation; Transfer of customer transaction funds; Deferred trading and cancellation of precious metals; Main business processes and links such as settlement of trading funds and management of customer margin account (precious metal spot declaration and settlement function is not provided for the time being).
1 1. Trading time: opening time of Shanghai Gold Exchange (Beijing time).
Morning market: 9: 00- 1 1: 30 (Monday morning market time: 08: 50-1:30)
Afternoon: 13: 30- 15: 30
Night market: 20:50-02:30 (no night market on Friday), you can invest in silver futures, which can be sold or shorted for profit.
Futures are relative to spot. Futures are the subject matter that is bought and sold now, but will be settled or delivered in the future. This subject matter can be gold, crude oil, agricultural products, financial instruments, financial indicators and other commodities. The delivery date of futures can be one week later, one month later, three months later or even one year later. A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures. Improper speculation on futures, such as short selling stocks, will lead to financial market turmoil.