At present, many investors have participated in the trading of spot gold in the international market, and domestic investors also have some channels to participate in the investment in the gold market. Today, please talk about the differences between different investment methods of gold and how investors choose the investment channel that suits them.
Gold is a relatively mature investment product in China, because it takes a long time to contact, but there are many kinds of gold investments in the market. Today, I will sort out these concepts for you, let you know the differences between these varieties and help you make the most suitable choice.
Generally speaking, there are two kinds of gold, domestic gold and international gold.
Domestic gold is divided into paper gold and futures gold.
International gold refers to spot gold.
Paper gold: "Paper gold" is a personal voucher gold introduced by banks. Investors buy and sell "virtual" gold on the books according to the bank's quotation. Individuals earn the fluctuating price difference of gold by grasping the trend of international gold price. Investors' transaction records are reflected in the "gold passbook account" opened by individuals in advance. They don't really hold the real gold, but only participate in the investment of the gold target, and the profit and loss are reflected in the RMB account.
Futures gold: On the Shanghai Gold Exchange. The so-called gold futures refer to futures contracts with the gold price of the international gold market as the trading target at a certain time in the future. The profit and loss of investors buying and selling gold futures is measured by the price difference between the entry and exit, and is delivered in kind after the contract expires. In China, natural persons cannot deliver and exchange physical gold.
Spot gold: China has a short opening time. For various reasons, China only keeps futures gold at present.
The differences between several kinds of gold are explained from four aspects: account opening, transaction mode, leverage and handling fee:
I. Account Opening Object
Paper gold is to open an account in a bank, similar to a passbook, and open a paper gold business;
Futures gold needs to open an account with a futures company;
Foreign exchange international gold needs to open an account with a foreign exchange broker.
Second, leverage.
Paper gold is traded in the bank without leverage,1:1;
Futures gold has a certain leverage, but it is relatively low, relatively low;
International spot gold can generally reach 100 times leverage.
Third, the handling fee
Relatively speaking, paper gold has the highest handling fee, while futures gold and spot gold have lower handling fees.
Fourth, the transaction method
Spot gold does not involve delivery, and futures gold has a delivery period and must be delivered during the delivery period. If the natural person fails to deliver, he will be forced to close his position.
Summarizing the differences between these gold, investors can make appropriate choices according to their actual situation. In the transaction of the same product, different channels provide investors with different trading mechanisms and settings. Investors should know something about each investment channel and choose the investment channel that suits them according to their own situation.