London International Financial Futures Exchange (LIFFE) officially opened in September, 1982, which is the earliest and most active financial futures exchange in Europe. Although the establishment of the exchange is ten years later than the earliest financial trading market in the United States, it is still of great significance to maintain London's position as a traditional financial center. Stored in London. The same gold bricks stored in Zurich become Zurich gold, and those stored in new york become New York gold. The same gold bricks stored in London and other places have different prices and freight charges. The most active spot gold in the international market is London gold. The purity is not less than 99.5%, and the gold purity of Shanghai Gold Exchange is 99.99% and 99.95%, which is higher than London gold. The weight is 400 ounces (1 ounce = 31.1035g). Only 400 ounces (12.445438+04 kg) of bricks are good delivery bricks. 1 kg BRIC is not a qualified delivery variety. Each brick is printed with a number and a logo of the processor. In English, the original meaning of the word hallmark is the symbol of the BRICS. By the number of each gold brick, the gold brick can be registered in the owner's name, which is called allocated. If you want to trade this kind of gold bricks, you must go to the basement to find that number of gold bricks for delivery, which is very inconvenient. Therefore, the vast majority of the BRICS traded in the market are unregistered BRICS. This kind of gold brick can be delivered without a serial number. Therefore, London gold, which is usually mentioned in the media, is the abbreviation of undistributed London commodity delivery gold. In China, Hongkong and other mainland Loco-London gold trading, in fact, investors earn the difference by buying and selling. Generally, no investors get these gold bars, so many fraud gangs conduct fraud activities in the name of Loco-London gold.