Last year, the relevant state departments explicitly prohibited domestic banks from trading gold deposits. At present, the paper gold business of each bank is a firm transaction, and there is no margin leverage.

In the RMB paper gold business, the transaction volume is at least10g in grams. Similar to the stock market, it is self-financing; There is no forced liquidation. Paper gold has no interest, and stocks and fund investments can't get dividends. So it can only sell at a low price and sell at a high price to make a profit.

At present, ICBC seems to have two kinds of paper gold:

1, China Bank Huang Jinbao, Monday to Friday, 24-hour unilateral spread 0.5 yuan/gram.

2. ICBC financial experts unilaterally spread 0.4 yuan/gram from Monday 8: 00 to Saturday 4: 00.

This spread is the so-called "handling fee". Take ICBC financial experts as an example.

For example, if your purchase price is 208. 12, then when you sell it, the purchase price displayed on the software will rise to 208.92, and you will make money, and each gram of 0.8 yuan will be charged by the bank. Because the transaction involves buying and selling, the unilateral 0.4 yuan/gram price difference means that the price difference can only be made in 0.8 yuan.

Number of transactions and holidays:

You can buy and sell on the same day, because it is "paper gold" and does not involve physical objects, so there will be no limit on the number of transactions. In addition, ICBC will inform you separately on the website of Paper Gold whether to continue trading on holidays. However, according to the normal situation, the Spring Festival will be closed, but the Spring Festival is not celebrated abroad, and gold is still traded normally in the international market, which will affect the price trend of paper gold after the restart. So many people will choose an empty seat for the holidays. However, if you have a good judgment on the future trend, you can make preparations in advance, hold positions for the holidays, and the corresponding gray bears certain risks.

And there are many factors that affect the price of paper gold.

1, such as the exchange rate of the US dollar. If the US dollar strengthens, it will inevitably lead to a short-term decline in international gold prices, because international gold prices are denominated in US dollars;

2, there is oil price;

3. Gold reserves of the central bank;

4. Discovery of large gold deposits. If large-scale gold mines are discovered and mined, the supply of gold will increase in the future, resulting in a decline in the price of paper gold;

5. Gold trading in the futures market. In the futures market, in order to avoid the losses caused by the decline of the gold family in the future, many gold reserves will open short positions in the futures market, resulting in changes in the futures price of gold, thus affecting the price of paper gold.

Operation:

Paper gold trading is different from the stock market, with short-term gold and long-term silver. Because the paper gold trading market is a zero-sum market, in this trading market, some people must lose money if they make money, and there is no possibility of the total capital appreciation and appreciation of the market. Keeping a quick profit is the best way to trade.

However, this operation mode of pursuing short-term interests should be completed on the premise of ensuring the quality of transactions, not for short-term sake. Remember not to forget to make up the position at the low position after the high position is thrown, so as to avoid opening the position again after the gold price rises sharply and losing big profits for no reason.