Generally speaking, the most active time for gold trading is the American time, which is roughly between 2: 00 pm1and 2: 30 am the next day.
So let's talk about the types of gold investment first. Generally speaking, there are three types: long-term investors, medium-term investors and short-term investors. Short-term gold speculators only hold a speculative attitude towards gold, hoping to get the most profit in the shortest time. Generally, these investors will only participate in the trading of gold forward contracts such as gold futures and gold options. These investment instruments may be held for only a few minutes or as long as several months, and all the risks of hedging will be borne. Although this kind of investment has great risks, including great speculation, it can get considerable benefits in a short time.
The investment varieties of gold can be roughly divided into the following categories.
1 physical gold investment
Physical gold trading includes gold bars, gold coins and gold jewelry, with holding physical gold as investment. Its benefits can only be reflected when the price of gold rises. In addition, physical gold is completely traded, so it does not involve leverage. The investment amount of gold jewelry is relatively high, because the price of gold jewelry includes a certain processing cost, so it is often "value for money". There are two kinds of gold coins, one is pure gold coins, whose value is basically consistent with the gold content, and the price fluctuates with the international gold price, which has the functions of beauty, appreciation, strong liquidity and preservation of value. The other is commemorative gold coins, and it is difficult for ordinary investors to firm their actual value. Therefore, investors are of high quality, mainly satisfying the collection of coin collectors, and the actual investment value-added function is not great. Therefore, pure gold coins and gold bars are the best choice for physical gold investment. The preservation of physical gold has certain man-made danger. If you invest in physical gold, you should keep it properly.
Two gold stocks
The so-called gold stocks refer to the listed or unlisted stocks issued by gold mining companies to the society, so they can also be called gold mining company stocks (such as 600489 Admiralty Gold and 600547 Shandong Gold, etc. ). Because buying and selling gold stocks is not only an investment in gold mining companies, but also an indirect investment in gold, this investment behavior is more complicated than simply buying and selling gold or simply buying and selling stocks. Investors should not only pay attention to the operation of gold mining companies, but also analyze the price trend of the gold market. Take CICC gold as an example. If the company's profitability is not good, but the price of gold market rises, then for CICC gold, its price fluctuation in the stock market has certain uncertainty, which factor can affect the market more. On the contrary, the same as above.
3 gold futures
Generally speaking, both buyers and sellers of gold futures sell and repurchase contracts with previous contracts before the contract expires, which is called "liquidation", and there is no need to actually deliver physical gold. Of course, if the buyer of a gold contract asks for the same amount of gold in the contract, he must make up the actual amount of gold purchased and take the physical gold from the seller. The seller is obliged to provide the buyer with the same amount of physical gold (which is rare). In a transaction, the profit or loss of each transaction is equal to the difference between two contracts in opposite directions. This way of buying and selling is what people usually call "speculating in gold". Gold futures contract trading only needs about 10% of the total amount of funds as the investment cost, which is highly leveraged and a small amount of funds promotes large-scale transactions. Therefore, gold futures trading is also called "margin trading". Chinese mainland has not yet opened its gold futures policy. However, with the liberalization of China's financial policy, many investors' enthusiasm for investing in gold is gradually rising. I believe that in the near future, gold futures investment varieties will be gradually opened to mainland investors.
4 gold options
Option is the price agreed by buyers and sellers in the future, and it has the right to buy a certain number of standards rather than the obligation. If the price trend is favorable to the buyers and sellers of options, they will exercise their power and make a profit. If the price trend is unfavorable to it, it will give up the right to buy, and the loss is only the purchasing power cost at that time. In the transaction, the risk of investors is fixed, but the possible potential profits are not limited by investors. At present, there are not many gold option markets in the world, because the investment tactics of gold option trading are numerous and complicated, and it is not easy to master. According to different standards, options can be divided into many situations. According to the buying nature of the related contracts, options can be divided into call options, put options and two-way options.
Call option. It means that the option buyer has the right to buy a commodity or futures contract from the option seller at a certain price within a specified time, but does not undertake the obligation to buy. Call option is also called long option, deferred option and call option. Investors are generally optimistic about buying call options when the price of gold rises, while sellers expect the price to fall.
Put option. It means that the option buyer has the right to sell goods or futures to the option seller at a certain price within a specified time, but does not undertake the obligation to sell. Put option is also called "put option", "put right" and "put right". In the transaction of put options, when investors buy put options, they are optimistic that the price will fall, so they buy put options; The seller of a put option expects the price to rise or not.
Two-way option, also known as "double option". It means that the option buyer has the right to buy and sell commodities and futures at the price agreed in the contract within a certain period of time after paying a certain royalty to the option seller. Investors buy call options and put options at the same time, which is an investment strategy they adopt when they are uncertain about the future price. For people who buy two-way options, as long as the price fluctuates, they can exercise their rights and profit from it. But on the whole, the seller of this option firmly believes that the price will not change much. So we are willing to sell this right and get a certain royalty income.
Another disadvantage of the gold option is that the seller of the gold option can change the effective date and price of the gold option according to the market price change.
The emergence of gold options is an insurance for investors to buy gold futures contracts in order to prevent unexpected events.
5 paper gold
Paper gold is a kind of gold investment product with China characteristics, which is provided by banks. The "paper gold" transaction does not involve real money and silver. For accounts with precious metals as the unit, investors don't need to invest in gold through the bookkeeping method used in physical transaction settlement, because it doesn't involve the settlement of real money and silver, and the transaction cost can be lower; It is worth noting that although it can be equated with holding gold, the "gold" in the account cannot be exchanged for physical objects, and the "deposit" has no interest. "Paper gold" is a kind of one-way trading variety, with capital 100%, and it is a relatively stable tool for direct investment in gold. The smallest trading unit of "paper gold" is 10g, which requires less capital than other trading varieties and faces a wider range of investors. However, because "paper gold" has no leverage ratio and trades in one direction, it can only make a profit in the unilateral rising market, and it is difficult to make a profit in the oscillating market. If investors invest a small amount of money, it is difficult to get big profits from "paper gold".
Six main trading varieties of Shanghai Stock Exchange
With the official opening of the Shanghai Gold Exchange on June 30th, 2002, the gold market in China was fully opened. The Shanghai Gold Exchange also highlights some trading varieties. Shanghai Gold Exchange is a membership system, not for profit. The trading method is self-quoted by members, based on the principle of "price first, time first", with centralized matchmaking as the main trading method and inquiry as the supplement. Members can choose on-site or remote gold trading. Au(T+D), Au(T+5), Au99.99, etc. It is also traded with a margin of about 65,438+00% of the total amount of funds. Some people say that the investment product launched by Shanghai Gold Exchange is a kind of "quasi-gold futures" gold investment product in the transition from China gold market to gold futures, which has certain China characteristics. Taking Au(T+D) as an example, it is actually a kind of gold deferred delivery business. Traders can choose to deliver on the same day or postpone delivery, but the delayed delivery will pay part of the delayed delivery fee. Au(T+D) is a two-way trading system, but the trading time is essentially different from that of international spot gold. The specific trading hours of Shanghai Gold are10: 00-1:30 in the morning, 13: 30- 15: 30 in the afternoon and 2005: 30 in the evening. Due to the discontinuous trading time, the quotations of the Shanghai Gold Exchange may be inconsistent the next day.
7 gold spot trading 1 long trading service time.
The longest trading time of the whole day is 24 hours, covering the trading hours of major international gold markets. You can trade online or entrust by phone. Recommend online trading, there is no time difference.
2 can be operated in both directions: gold rises, and you earn more when you do more; Gold has fallen, and shorting can also make money! (The stock only goes up, not down)
3. Short fund settlement time: multiple transactions can be conducted on the same day, providing more investment opportunities. This is a T+0 deal.
4. Leverage effect: the capital can be enlarged by 100 times, and you can fight big with small!
5. Simple operation: whether there is a foundation or not can be seen at a glance; It is simpler than stock trading, and stock selection is not so troublesome. This kind of gold is being speculated all over the world, and there is no dealer.
6. The trend is good: gold speculation has just appeared in China. At the beginning, stocks, real estate, foreign exchange, etc. They all make crazy money, and gold is no exception. Now from the K-line chart, the bull market has just begun!
7. Strong value preservation: gold has been one of the best value preservation products since ancient times, with great appreciation potential; Now global inflation is intensifying, which will promote the appreciation of gold.
8. The price of gold fluctuates greatly: it is quoted according to the international gold market and international practice. Due to various international political and economic factors, as well as the impact of various emergencies, the price of gold is often in violent fluctuations, and we can make use of this price difference to conduct firm gold trading.
At present, the trading time of spot gold is from 7: 00 am to 4: 00 am the next day.
Asian trading hours 9: 00 am-4: 00 pm
4:00-8:20 pm European trading time
8: 20 pm-4: 00 am US trading time.
After 4: 00, electronic disks are no longer traded.
Generally, the most active time for gold trading is the American market, which is between 8 pm and the next morning 1.
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