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How to buy paper gold?
Buying paper gold can be operated in Alipay, and the specific process is as follows:

First, open the Alipay APP on your mobile phone.

2. In the open Alipay application homepage, select the financial management option at the bottom of the open page.

3. On the opened financial management page, select the option to open the golden menu.

4. On the opened gold trading operation page, click Buy.

5. Select the options in the list of gold purchasing institutions that pop up.

6. Enter the gold purchase operation page, enter the purchase amount and payment method, and click OK.

Operating environment:

Brand model: iPhone 13

System version: iOS 15.4

Application version: v 10.2.56

Paper gold is the unique business of China Industrial and Commercial Bank and China Construction Bank. Paper gold is a paper transaction of gold, and the transaction record of investors is only reflected in the "gold passbook account" opened by individuals in advance, and does not involve the withdrawal of physical gold. The profit model is to buy low and sell high, so as to obtain the difference profit. Paper gold is actually profitable through speculative trading, rather than investing in physical gold. The advantage is that

Spot gold: the domestic handling fee is about 7/ 10000, and it is traded 24 hours a day. The time price is in line with the international gold price market. The T+0 trading mode allows two-way operation to buy up and down, and the leverage ratio is relatively low, which is 1: 12.5. It is the only investment product in China that adopts the market maker system and can extract physical gold.

International spot gold: commonly known as London gold, spot gold is also called speculative London gold or international gold, and the leverage ratio is updated to 400 times. On 20 13, the FXCM global gold exchange was opened, with a maximum leverage of 400 yuan and a maximum foreign exchange of 400 yuan. No time limit, online trading, T+0 trading form, 24-hour continuous trading from Monday to Friday, and two-way buying. The gold code is XAU _ USD or gold, which can simulate 200 times of lever learning by default.

Futures gold: refers to a futures contract with the gold price in the international gold market at a certain time in the future as the trading target. The profit and loss of investors buying and selling gold futures is measured by the difference between the time of entry and exit, which is the physical delivery after the contract expires.

Gold advance payment: Gold advance payment business, also known as gold extension business, is a relatively mainstream gold investment method in China. For example, the gold advance payment business launched by the northern gold and silver industry uses 25 times or 50 times leverage, and only needs to pay 2% or 4% advance payment, so as to realize the purchase and sale of the gold target contract, and close the position through the e-commerce system to achieve the purpose of obtaining the price difference.