(1) The essence of precious metals investment is to evaluate the commodity value and financial value of precious metals and predict the future price trend in advance; The essence of stock investment is to obtain the ownership of the corresponding shares of a listed company, and predict the price trend of this right in advance < P > Buying precious metals investment products corresponds to the corresponding quantity and specifications of precious metal objects, or the asset value corresponding to the price of precious metals; Buying shares corresponds to the ownership of a listed company with a corresponding share, which can participate in company dividends or be transferred.
(2) precious metals investment's analysis focuses on macro fundamentals; Stock investment not only focuses on the macro aspect, but also on the specific company aspect
The macro-analysis of precious metals examines the dollar price, macroeconomic trends, the relationship between supply and demand of precious metals, geopolitical factors, etc. Stock analysis should not only examine the macroeconomic situation, market liquidity, stock market regulation policies, but also examine the company's operating conditions, profitability, potential changes in equity information, etc.
(3) Different trading mechanisms
Investing in precious metals is faced with multiple varieties, and the trading mechanisms are different, which requires various investigations and familiarity. It is suggested that according to their own risk preference and capital scale, they should choose their own trading varieties. The trading mechanism of stocks is relatively stable.
specifically, if you choose precious metal futures investment, you must be familiar with the characteristics of futures margin trading mechanism, short selling mechanism and T+ system, and understand the impact of delivery system on futures prices. In short, a qualified precious metal futures investor is first of all a qualified commodity futures investor.
Stock investment is not a margin trading mechanism, and it can only be "bought before sold", not short (sold before bought), and T+1 trading (mainly A shares) is implemented, which is less risky than precious metal futures investment, but the capital efficiency is relatively low.
(4) Precious metals are more liquid and international than stocks
Because precious metals are a special commodity in nature, they are easy to store and carry, and their value will not change with the change of location, so the trading space can be expanded further, even without the restriction of national boundaries; However, stocks have the attributes of regional financial products, and the same stocks cannot be freely exchanged in different countries, so the trading space is relatively limited. Although QFII, QDII and other systems exist at present, they are still affected by factors such as quotas and exchange rates, and their worldwide characteristics are worse than precious metals.
(5) Precious metals have stronger hedging function than stocks
Precious metals are a good hedging tool because of their special commodity and financial properties; The essence of stock is a kind of ownership certificate. The value of this certificate is influenced by many factors, such as politics and economy, and it is highly dependent on the political and economic system corresponding to stock trading, and its value preservation function is far weaker than that of precious metals.