At present, Industrial and Commercial Bank of China, China Merchants Bank and Industrial Bank have all launched physical gold investment products. To invest in physical gold, investors only need to hold cash or valid certificates such as savings cards and ID cards opened in the bank to buy at the price announced by the bank, and the bank will issue invoices, transaction orders and other certificates for investors. Investors can choose to take the gold away or entrust it to the bank for safekeeping.
The object of physical gold is the gold bars and coins customized by the bank itself. For example, China Industrial and Commercial Bank's "Ruyi Gold", China Construction Bank's "Dinglongjin" gold bar, the Zodiac commemorative gold bar in 2006, and the pig baby gold bar in 2007. Some banks represent gold bars produced by gold and silver production companies. For example, China Merchants Bank represents 2-ounce, 5-ounce, 10-ounce standard gold bars.
However, the physical gold investment details of each bank are not the same. Investors should know clearly before making a choice, so as to choose the physical gold that suits them.
Some banks only sell physical gold investment products to investors, and banks do not provide free custody and repurchase services. Investors are like buying gold ornaments in a gold shop. After paying the bill, they need to take the gold bars home. However, unlike gold shops, buying physical gold in banks can ensure its quality on the one hand, and its quotation is linked to the international gold price, which is highly transparent.
For example, ICBC's "Ruyi Gold" is a self-designed gold bar with its own brand. The fineness of the gold bar is AU99.99, and the gold bar has a fixed number. It is entrusted to a qualified gold refining enterprise certified by Shanghai Gold Exchange for casting. The quotation unit of "Jin Ruyi" is RMB/gram, and the minimum price change unit is RMB 0.0 1 yuan.
Investors only need to hold cash, bank cards or transfer money to buy at the designated outlets or counters of ICBC at the listing price announced by ICBC on the same day. Investors should also note that the purchase time of "Jin Ruyi" is different from the banking hours, which is 9: 30- 16: 30 every day. And because the deployment of physical gold takes time, investors need to make an appointment one day in advance.
At present, in view of the inconvenience of realizing physical gold, some bank outlets have begun to open physical gold repurchase services. For example, CCB's "Longdingjin" gold bars can be repurchased at outlets that have already started repurchase business. At the same time, CCB also provides custody business, and each gold bar is charged a custody fee of two months per month.
China Merchants Bank's Gaosaier standard gold bars also provide repurchase services for investors. Investors need to pay a processing fee of 109 yuan/ounce to buy the standard gold bars of China Merchants Bank. When the bank repurchases, it will refund the handling fee of RMB/oz in 62 yuan to the investors.
China Industrial and Commercial Bank Shenzhen Branch pointed out that investors in physical gold have to go to the bank counter every time they buy or sell gold, and they have to go through quality inspection procedures for gold, which are complicated and not suitable for short-term investors.
Some investors not only want to enjoy the convenience of paper gold trading, but also want to withdraw physical gold in time. This requirement can also be met. Industrial Bank took the lead in launching personal physical gold investment products through the platform of Shanghai Gold Exchange.
This time, Industrial Bank launched two personal physical gold investment products, AU9999 and AU 100g. The trading starting point of both products is 100g, and investors can trade through online banking or counters after opening accounts in branches of Industrial Bank.