First of all, gold is an asset. The rarity of gold makes it very precious, while the stability of gold makes it easy to preserve. Therefore, gold has not only become the material wealth of human beings, but also become an important means for human beings to store wealth, so gold has been particularly favored by human beings. Green, a gold historian, pointed out: "The civilizations of ancient Egypt and Rome were all cultivated by gold."

2. Participants in the gold market

Participants in the international gold market can be divided into international gold merchants, banks, hedge funds and other financial institutions, various legal entities, private investors and brokerage companies that play a huge role in gold futures trading. International gold dealers (market makers): The most typical ones are the five gold dealers in the London gold market, all of whom are market makers of gold trading. Because they have extensive contacts with major gold mines and many gold dealers in the world, and their subordinate companies have contacts with many shops and gold customers, these five gold dealers constantly quote the buying price and selling price of gold according to their own conditions. Of course, gold market makers are responsible for the risk of gold price fluctuations.

3. The concept and attributes of gold

Gold, also known as gold, the symbol of chemical element Au, is a kind of metal with yellow luster. Gold has good physical properties, stable chemical properties, high ductility and rare quantity. It is not only a special currency for reserve and investment, but also an important material for jewelry industry, electronics industry, modern communication, aerospace industry and other departments. It was the world currency before the 1970s, and it still occupies a place in the international reserves of all countries. It is a special commodity with monetary, commodity and financial attributes.

4. Introduction of gold investment varieties

Physical gold: Physical gold transactions include gold bars, coins, gold ornaments and other transactions, with holding gold as an investment. It is certain that the investment is high, and the actual rate of return is the same as other methods, but the amount involved will be low (because the invested funds will not play a leverage effect), and it can only be profitable when the gold price rises. Generally, the buying and selling prices of decorative gold are quite different, so it should not be regarded as investment. Gold bars and coins are the best choice for real gold investment because they do not involve other costs. However, it should be noted that holding gold will not produce the expected annualized interest income.

5. The development track of the international gold market

1. During the period of imperial monopoly (1before the 9th century),1before the 9th century, because gold was extremely scarce, gold was basically a symbol of imperial monopoly of wealth and power; Or owned by the gods, become sacrificial utensils and materials for decoration and protection of the image of the gods; Although the world's first gold coin appeared in the 6th century BC, it is difficult for ordinary people to own gold.

6. Characteristics of major international gold markets and major Asian gold markets

The famous and influential gold markets in the world are mainly concentrated in London, Zurich, new york and Hongkong. London gold market, the largest gold market in the world. 1804, London replaced Amsterdam in the Netherlands as the world gold trading center. 19 19 London gold market was formally established, and gold was priced twice every morning and afternoon. The gold market price of that day was set by the five major gold banks, which has been affecting the transactions between new york and Hongkong. The supplier of market gold is mainly South Africa. Before 1982, the London gold market was mainly engaged in spot gold trading. In April 1982, the London futures gold market opened.

7. Legal system and regulatory framework involved in the gold market.

In the 1970s, with the liberalization of the official price of gold and the rapid development of the gold market, in order to ensure the fairness and justice of gold market transactions. The occurrence of various illegal transactions in Duji. The major international gold markets have established and improved the supervision system of the gold market according to their own reality. The following is the supervision of each gold market.

8. Comparison of advantages and disadvantages of investing in gold with real estate, savings and securities.

Generally speaking, personal investment mainly includes real estate, savings, securities and precious metals. The advantages and disadvantages of these investment methods are as follows: the real estate (value change) generally does not change much, which generally depends on the investment environment (liquidity/marketability), but the price depends on the location. If you want to sell at a high price, you have to wait for the opportunity, and if you are eager to sell, you may lose a small profit.

9. Is buying gold an investment?

The biggest difference between gold and ordinary commodities is that it cannot be consumed like a piece of bread. No matter how many years have passed, it is still the same. People can sell it again and turn it into money again, so it can be an option for people to save. But buying gold is not an investment. From the perspective of economic relations, the money for buying gold is used to pay for the labor, rent, raw materials, etc. used to produce gold, which is different from buying bread. Investment is to use money as capital to organize labor, technology and natural resources, produce products and increase social wealth. Investors can share their increased wealth. But buying gold can't do this at all. Investment can expand the productive capacity of society, and buying gold has this function.

10, the main content of gold futures trading and the difference from forward trading.

The trading contents of most gold futures markets in the world are basically similar, mainly including margin, contract unit, delivery month, minimum fluctuation limit, futures delivery, commission, daily trading volume and commission order. Margin traders must open accounts with brokers before entering the gold futures exchange. Traders should sign relevant contracts with brokers and undertake the obligation to pay the deposit.

1 1, the price determination mechanism of the gold market

First of all, gold is an asset. The rarity of gold makes it very precious, while the stability of gold makes it easy to preserve. Therefore, gold has not only become the material wealth of human beings, but also become an important means for human beings to store wealth, so gold has been particularly favored by human beings. Green, a gold historian, pointed out: "The civilizations of ancient Egypt and Rome were all cultivated by gold.

12. Main types of world gold prices

There are mainly three kinds of gold prices in the world: market price, production price and quasi-official price. Other kinds of gold prices are derived from this.

13, major international gold markets

London gold market has a long history. Its development history can be traced back to more than 300 years ago. 1804, London replaced Amsterdam in the Netherlands as the world gold trading center. 19 19, the London gold market was formally established, and gold was priced twice every morning and afternoon. The gold market price of that day was set by the five major gold banks, which has been affecting the transactions between new york and Hongkong. The supplier of market gold is mainly South Africa. Before 1982, the London gold market was mainly engaged in spot trading of gold. 1April, 982, London gold futures market opened. London is still the largest gold market in the world.

14. What are the various domestic gold investment transactions that can be invested?

There are five types of domestic gold trading platforms: Shanghai Gold Exchange (Shanghai T+D), Shanghai Futures Exchange (gold futures), tianjin precious metal exchange (Tiantongjin), bank account gold (paper gold), and China Gold and Silver Exchange Society (outer disk).

15, China gold memorabilia

1950 In April, the People's Bank of China formulated and issued the "Measures for the Administration of Gold and Silver" (draft), freezing private gold and silver transactions and clearly stipulating that domestic gold and silver transactions should be managed by the People's Bank of China. 1982, the People's Bank of China began to issue panda gold coins. 1September, 1982, China resumed the sales of gold ornaments and took the first step to open the gold and silver market in China.