First of all, let's talk about some basic sex:
First of all, the above four investment products are all traded by Shanghai Gold Exchange (one of the two legal exchanges that allow gold and silver trading). (i.e. delayed delivery of physical precious metals)
Secondly, AU refers to gold and AG refers to silver.
Third, the above four varieties are all quoted in RMB, but the prices are in line with international standards, and the trading time is relatively long, one day 10 hour (only 4 hours on Friday).
Four, the above four varieties of trading contracts are 1000 grams, also known as 1 hand. The minimum trading contract is 1 lot, and there is no upper limit for the maximum, but it must be a multiple of the contract. For example, at least 1 lot, 1 lot, 2 lots, 30 lots and so on can be traded. , but it must be an integer multiple of 1 lot, and odd-numbered trading contracts such as 1.5 lot and 2.4 lot are not allowed.
Fifth, all transactions are conducted through margin.
Example: Today, the gold price of the gold exchange is 330 yuan/gram, and AU T+D is traded, with a margin of 20%. I want to buy 1 hand gold (that is, 1 hand gold, the standard contract for first hand is1000g) and I have to pay so much money, as follows.
Market value of the contract: 330 yuan * 1 lot (1000g) = 330000 (330000).
20% down payment: 330,000 * 20% = 66,000 (66,000).
That is to say, I can trade this 1000 gram of gold, small or large, as long as I pay 66,000 yuan, without trading in full.
Stocks, funds, paper gold, etc. It must be completely traded, and margin trading is not allowed.
The margin ratio of AGT+D is 25%, and that of AU T+D AU T+N 1 AU T+N2 is 20%, which is basically the same. However, the margin ratio is adjusted irregularly by the gold exchange, sometimes not once every few years, sometimes 2-3 times a year, but no matter how it is adjusted, it will be notified in advance, usually according to the international gold price, that is to say, with the international market.
Second, understand some basic terms.
1, contract
Buying 1 lot (1000g) means holding 1 lot contracts; Buying five hands means holding five contracts, which can also be expressed as holding five hands.
2、T+D
T+D simply means that during the trading hours, you can sell the contract held on the same day by buying it on the same day;
The stock is T+ 1 During trading hours, you can buy on the same day and sell the contract you hold on the next trading day. For example, stocks bought on Wednesday will not be sold until Thursday; Stocks bought on Friday will not be sold until 1 next week. By analogy, T+2 and T+3 are easy to understand. But there are T+0 transactions, T+0 is a real-time transaction, you can buy one second and sell one second, and you can trade for 24 hours.
3、T+N 1 T+N2
Gold has 1 month deferred Au(T+N 1) and 2-month deferred Au(T+N2), which is a gold futures. Let's be popular:
Example: Do AU T+N 1, where n stands for one month 1, 3, 5, 7, 9,11; No matter when you buy or how many positions you hold,
If the contract is in March, you must close your position before the end of March.
Do AU T+N2, where n stands for February, April, June, August, 65438+ February; No matter when you buy and how many positions you hold, if the contract is in June, you must close the contract you hold before the end of June.
4. Two-way transaction
Can buy up, can buy down, also known as long (buy up) or short (buy down)
If the price of gold is now 330 yuan/gram, it is estimated that it will go up, and it may go up to 365 yuan/gram. Then 330 yuan entered the market, and he went long (bought up) and closed his position at 365 yuan (closed his position, that is, sold his contract);
If the current gold price is 330 yuan/gram, it is estimated that it will fall further, and may fall to 320 yuan/gram. Then short (buy down) when 330 yuan enters the market, and close the position in 320 yuan (close the position, that is, sell the contract).
Stocks, paper gold, funds and other investment products can only be long (buy up), not short (buy down).
5. Physical delivery (delivery)
Delivery can also be called delivery.
If you hold 4 lots of gold, you can convert it into RMB to withdraw money according to the gold price of the day, or you can withdraw the 4 kilograms of gold in kind according to the prescribed procedures.
AG (silver) cannot be delivered in kind. Don't ask why, it's stipulated by the Gold Exchange, and I can't explain it, hehe.
Third, the advantages of investment.
Advantages of AU T+D and AG T+D:
The price is in line with international standards and the quotation is transparent. Don't worry about being manipulated, especially the bookmaker. It is also difficult for this national policy to interfere with the rise and fall of gold and silver prices.
Compared with single stock and single fund such as stocks and funds, the market transaction volume is large and the number of participants is large;
Compared with stocks, funds and paper gold, it can be traded in two directions, and both ups and downs have opportunities to make profits;
T+D trading, trading time is more flexible, and there will be no quilt cover;
Trading in the form of margin can be large or small.
The trading time is long, and it closes at 2: 30 every morning.
It is the most flexible and popular investment product in the current domestic trading mechanism.
The trading methods of AU T+N 1 and AU T+N2 are basically the same as AU T+D, but the delivery time is different.
Fourth, the investment disadvantages of the above four varieties:
Of course, compared with other foreign gold and silver investment varieties, there are still some restrictions. For example, if 24-hour real-time trading is not realized, the margin ratio is not 1%, the price is not limited, and there is no handling fee for one direction.
However, China's gold investment market is closed to the outside world after all, so other foreign investment varieties are difficult for ordinary people to get. Gold AU T+D and silver AG T+D, as far as other domestic investment varieties are concerned, are already the most flexible, and the safety of funds is protected by national laws and regulations (investment in overseas gold is not only unprotected, but also restricted by national laws), and the prices are the most transparent.
This is what I explained. I hope it will help the landlord. I'm just a little ignorant. Please inform the audience if there are any mistakes. Hehe, if the landlord is satisfied, don't forget to give me extra points.