Gold is $265,438+000, which means that investors can't find enough buyers when they want to sell gold, or they encounter a high premium when they want to buy gold, so it is difficult to close their positions quickly or trade at the expected price. Changes in import and export policies, tax policies and financial market supervision rules of governments of various countries will have an impact on the gold market. For example, the government will restrict gold trading, raise taxes, or strengthen control over the gold derivatives market, which will increase the difficulty and uncertainty of investment. If you invest in gold through financial institutions or trading platforms, investors will face the credit risk of the other party. When these institutions have a credit crisis or bankruptcy, investors' funds are damaged or their investments cannot be redeemed. Physical gold storage security, poor repurchase channels, high transaction costs, one-way profit model (bear market is not easy to realize) and other issues are unique risks of physical gold investment. For gold derivatives (such as futures, options, spot gold for margin trading, etc.). ) that is, using leverage, the leverage effect not only amplifies the potential gains, but also greatly increases the possibility of losses. Without proper risk management, especially under extreme market conditions, investors will suffer huge superimposed losses.