From the variety characteristics of the two, spot gold is a kind of use of capital leverage to amplify the utilization rate of funds, and then it can be traded continuously in two directions for 24 hours; The transaction records of paper gold investors are reflected in the "gold passbook" opened by individuals in advance, which does not involve the withdrawal of physical gold, and obtains the profit difference by buying low and selling high. From the perspective of investment cycle, paper gold has a long cycle and high transaction cost, and because there is no leverage, the capital demand is much higher than that of spot gold;

In terms of trading methods and characteristics, paper gold can be bought and sold at bank counters or online banking, and the quotation is also in line with market conditions; Spot gold is placed on the professional trading software provided by the investment platform; Spot gold can be placed on the order, or it can stop loss and take profit, because the daily trading volume is large and relatively fair;

In terms of risk, paper gold trading only generates handling fees, without other expenses, and it is not a leveraged transaction, so the risk of capital withdrawal is well controlled; Spot gold is relatively risky because of its high leverage. In addition to handling fees, there are fees such as warehouse interest on the platform;

From the perspective of financial novice, after continuous study and exploration, I have a certain grasp of a trend in the market, so choosing a suitable place to pay the bill can lay out some paper gold, remember not to trade in the day; If you operate spot gold, you can invest less money in the early stage, learn while operating, and then return to normal positions after you are really familiar with it;