At present, speculative gold is mainly divided into physical gold, gold T+D, paper gold and spot gold (commonly known as London gold).

1. gold T+D:. The transaction is divided into three time periods with the leverage ratio of 1: 10 to 1: 15, which is a two-way transaction. The service fee is high and the spread is high. If you have to do it, you can choose a bank or a formal agent.

2. Paper gold: Paper gold is a unique business of China Industrial and Commercial Bank of China. Paper gold is a paper transaction of gold, and the transaction record of investors is only reflected in the "gold passbook account" opened by individuals in advance, and does not involve the withdrawal of physical gold. The profit model is to buy low and sell high, so as to obtain the difference profit. Paper gold is actually profitable through speculative trading, rather than investing in physical gold. Also known as physical gold passbook, it is in the form of 1: 1, and can only be bought in one direction.

3. Physical gold is easy to understand, that is, buying and selling physical gold by buying and selling gold bars and gold ornaments. Physical gold: in the form of 1: 1, that is, no matter how much gold you buy in any currency, you can only buy up, but you can't buy down, which is a big investment and complicated procedures and expenses.

4. Spot gold: This is the most talked about form of gold investment at present. Spot gold is also called speculative London gold or international gold. The leverage ratio is about 1: 50 (or 1: 100) and there is no time limit, in the form of T+0, trading 24 hours a day from Monday to Friday, and buying in both directions. If you don't know, you can try downloading a simulation software in Wanzhou gold industry first.