London gold market has a long history, and it is also the main spot market in the world, which consists of five major gold trading companies. Before World War II, London was the largest gold market in the world, with a huge trading volume, accounting for about 80% of the world's trading volume. This is the only market in the world where tons of gold can be bought.

2. Zurich Gold Market

Zurich gold market is a worldwide free gold market developed after World War II. It is centered on the three major Swiss banks and jointly manages gold. Unlike gold traders in London, they not only act as brokers, but also have a large amount of gold reserves for gold trading.

3. New York Gold Market

The New York gold market is currently the largest gold futures market in the world. Every year, two-thirds of gold futures contracts are traded in new york, but the transactions are full of moisture and speculation. The development history of the gold market in New York is short, but the development speed is quite fast. The daily trading volume reaches 30,000-40,000, and the turnover is about 70 tons of gold. 1980, the New York gold market traded 800 million ounces, about 25,000 tons of gold, while the world gold supply was only 1700 tons per year.

4. Hong Kong Gold Market

The gold market in Hong Kong has a history of over 70 years. Since 1960s, Hong Kong's gold market has developed into a major gold trading center in the world. 1987 The total value of gold imports reached186 billion Hong Kong dollars, an increase of 273.5% compared with 1986. In the same period, the gold turnover increased from HK$ 123 10 billion to HK$ 3.710.4 billion, with an increase of 300%. (1 oz = 31.1035g)

Trading hours: 24 hours a day, closed on weekends. Opening hours (Monday 08:00- Saturday 03: 30) are 03: 00 in summer solstice and 03: 30 in winter solstice.

Europe: 16: 00-23: 30 USA: 20: 20-0 1: 30.

Contract unit: 1 hand = 100 ounce. Minimum fluctuation: 0.0 1 USD/oz.

Contract specifications: standard order: 1 lot = 100 ounce contract margin: 1000 USD (that is, 1000 USD can be bought 1 lot), and the margin of each trader is different. Relatively speaking, a higher margin is conducive to investors' risk management.

Mini order: 0.0 1 lot = 1 ounce contract deposit: 10 USD (that is, 10 USD can be 0.0 1 lot). The higher the margin, the easier it is for investors to control risks.

Total contract price: spot gold price * 100 (ounce) *6.83 (real-time exchange rate of USD against RMB). For example, the spot gold price is now $900 per ounce.

Calculation: 900 *100 * 6.83 = 614,700 RMB, that is, gold is placed under the operation, and the deposit is 1000 USD, with a value of 614,700 RMB (90,000 USD).

Mechanism: Stop loss and stop profit limit orders can be set for this order at the same time when entering the market.

Long: the profit of buying at a low price and selling at a high price.

Buy down (short): sell at a high price, buy at a low price, and make a profit.

Transaction form: T+0 form is buying and selling, two-way operation, and the form is down payment (deposit).

The handling fee is 100 USD [0.5 (spread) +0.5 (USD commission) ]* 100= 100 USD.

The spread is collected by the bank and the commission is collected by the banker. The price difference and commission amount to $65,438 +0/ oz. Because it is a transaction in the form of margin, the commission is charged at the front end and deducted when each order is closed. So after all orders are closed, the deficit will be negative! When domestic investors pay more and more attention to gold investment, the "cancer" of the gold market-underground speculation is still surging, and investors who go astray often lose their blood.

One of the temptations: speculation. Underground gold speculation companies often take advantage of investors' unfamiliarity with gold investment rules and related financial laws and regulations, claiming to directly participate in the international gold market under the guise of "off-site gold speculation", claiming that they can speculate in London gold, New York gold and Hong Kong gold. Experts pointed out that according to China's laws and regulations, domestic natural persons and legal persons can only make overseas investments through QDII, and some companies need to be approved by relevant departments before making overseas investments. In addition, the so-called investment in overseas financial products is suspected of violating regulations and it is difficult to be protected.

The second "temptation": high leverage. Underground gold speculation will formulate margin trading rules. Compared with the domestic conventional gold futures, gold spot extension and other margin transactions, the leverage of underground gold speculation is incredibly high. The leverage of formal trading is not more than 13 times, while the leverage of underground gold speculation is 100 times, or even more than 200 times. Once an investor makes a mistake in the direction, then a small price change will make the investor lose all his money because of the amplification of leverage.

The third "temptation": low threshold and high return. Compared with the regular domestic gold investment channels, the leverage of underground gold speculation is very high, which leads to a very low investment threshold on the surface, as if 10 dollars can be used to fry 1 ounce of gold, and the high leverage of 100 times also creates an illusion of profit.

The fourth temptation: ultra-low cost. The transaction fee rate set by many underground gold speculation companies is often very low, which creates the illusion that the transaction cost is extremely low, thus encouraging investors to keep trading. Underground gold speculation companies are often counterparties with investors, which "seep water" in real-time price information, complete transactions at a price that is not conducive to investors and earn the difference, which is also the reason why underground gold speculation channels can attract investors with extremely low handling fees. Nothing for nothing. Although investors have gained' real benefits' in handling fees, they have unconsciously earned a huge price difference by underground gold speculation companies.

The fifth "temptation": earn more and lose less. When attracting customers, underground gold speculation companies often use a series of camouflage methods, such as renting high-end office buildings, setting up special websites and equipped with good hardware, to give investors who don't know the inside story a professional and formal illusion. "Expert consultants" will tell investors that the risk of gold investment is very small, and they will earn more and lose less, or even only earn no loss.

In fact, many underground gold speculation companies have never even invested their customers' deposits in overseas markets, nor have they participated in any transactions at all, and directly provided them with virtual accounts, allowing them to "hedge internally" in the procedures set by the company and gradually "lose all the principal". Customers think they are participating in a fair "gambling game", but in fact they have been set up a "trap" and taken away their chips, which is purely a "scam".