1: Variety difference: precious metals investment is a kind of investment and wealth management of precious metals. These include gold investment, silver investment and platinum investment. Futures is a wide variety of investment, including commodity futures, interest rate futures, financial futures, foreign exchange futures, precious metal futures and so on. Therefore, precious metal futures investment can be included in futures trading, while precious metals investment is more detailed than futures investment, and its trading varieties are only precious metals.
2. The setting of daily limit board is different: the daily limit board system can also be called the maximum fluctuation limit of daily price. There is no daily limit system in precious metals investment, so investors can make profits as long as they analyze the market accurately. The fluctuation price of a futures contract within a trading day shall not be higher or lower than the specified fluctuation range, and the quotation exceeding the specified fluctuation range will be regarded as invalid and cannot be traded.
3. Different market positioning: Precious metals belong to peripheral markets and are global investors. The transaction volume is huge and the information is open and transparent. The market is pure and fair, and there is no insider trading and banker manipulation. The futures market belongs to the internal market, and the transactions are relatively insufficient. Insider trading and banker's artificial manipulation of prices occur from time to time.
4. The liquidation system is different: precious metals investment's liquidation system is relatively flexible, and there is no rigid regulation on the liquidation time, which depends entirely on the preferences of investors; However, futures have a system of compulsory liquidation. When the trading margin of a member or customer is insufficient and not replenished within the specified time, or when the position of a member or customer exceeds the specified limit, or when a member or customer violates the rules, the Exchange will implement a compulsory liquidation system to prevent the risk from further expanding.
5. Difference of settlement system: The settlement system of precious metals does not stipulate that investors can settle countless transactions on the trading day; The settlement of futures trading shall be organized by the Exchange. The futures exchange implements a daily debt-free settlement system, also known as "marking the market day by day", that is, after the daily trading, the exchange makes settlement according to the profit and loss, trading margin, handling fees, taxes and other expenses of all contracts.
The above is the difference between precious metal futures. Investors can analyze and compare the differences between precious metals and futures in the above ways, get some useful enlightenment from them, and choose the investment means suitable for individuals. If you have a basic understanding of precious metals investment, you can also gain more investment skills and practical experience through simulation operation.