1. Gold mined by factories, mines, rural communes, troops and individuals engaged in gold and silver production shall not be sold, exchanged or retained by themselves;
2. Finished and semi-finished gold and silver in the production process shall not be sold and disposed of without permission;
3. By-product gold extracted from gold and mineral products imported from abroad shall not be sold, exchanged or retained by itself;
4. Gold sold by individuals must be sold to the People's Bank of China;
5. All unearthed ownerless gold belongs to the state;
6. Gold confiscated by public security, justice, customs and other state organs according to law shall be sold to the People's Bank of China.
Second, analyze the details
There are two main types of gold trading in the gold market, namely spot trading and futures trading. Spot gold mainly refers to bullion, gold ingot, gold bar and gold coin. Private or gold mining enterprises can store and transfer newly mined gold by themselves, or entrust gold merchants to keep it on their behalf. Spot transactions are generally delivered immediately after the transaction or completed within two days. Spot gold is traded at a special price, which is divided into two types in London gold market: pricing trading and quotation trading. The characteristic of pricing transaction is to provide customers with a single transaction price, that is, there is no bid-ask spread. According to the price of a single transaction, customers can buy and sell freely, and gold merchants only charge a small commission. Quoting transactions are divided into buying price and selling price. Pricing transactions are only valid for a specified time, ranging from one minute to one hour, depending on the supply and demand of market customers. Gold futures trading is not delivered immediately after trading, but both parties sign a contract, pay the deposit and then deliver on the scheduled date.
3. What is the account opening process of the Gold Exchange?
First open the account opening website, select the bank card, and then click the Continue button. Second, you need to fill in some personal information. Select the newly opened gold transaction code for the account opening type. The default bank is China Construction Bank. Enter the name and bank card number, enter the ID number and complete the mobile phone verification. Click the verification authorization to continue. Arrive at the bank verification authorization page, and on the right are online banking express payment authorization and account express payment authorization, which are relatively simple and convenient. Then enter the verification horse and click Next. Enter the cash withdrawal password and mobile phone number, and then verify with four digits. Click OK to prompt that the verification is complete. Return to the account opening page, and click to continue to the next step. Enter the risk assessment, read it carefully and click Next. Finally, enter the identity information to confirm that the account is an individual account, and you need to upload the reverse photo of your ID card. Remember that the photos are as complete as possible and the identity information is clear. Confirm the information and complete the account opening.