1. What does paper gold mean?
Paper gold, also known as book gold, is not a kind of real gold. Gold is bought and sold by book system, which does not involve physical delivery and belongs to virtual transaction. Investors earn profit by buying at low prices and selling at high prices. Paper gold is a kind of "precious metal in account" in the banking system and an entry-level product of gold investment.
Second, the characteristics of paper gold
1, low investment threshold.
The minimum trading volume of paper gold is 10g, which is about 3,000 yuan in terms of gold price, which is very advantageous compared with the threshold of physical gold investment.
2. The investment cost is low.
The cost of paper gold trading mainly lies in the difference between the buying price and the selling price, and generally no other handling fees are charged.
3. Convenient transactions
Paper gold adopts the "24-hour uninterrupted" trading mode, and investors will be notified in advance if they are closed on holidays.
Third, paper gold trading methods
The purchase channel of paper gold is banks, such as ICBC, China Construction Bank and Bank of Communications, which have opened paper gold trading services. Trading channels include bank counters, telephone banking, online banking and self-service terminals. Investors can open accounts and trade paper gold through their accounts by presenting their ID cards to various bank outlets, accepting risk assessment and signing relevant agreements.
The above content about what paper gold means, I hope it will help everyone. Warm reminder, financial management is risky and investment needs to be cautious.