Paper gold is actually equivalent to buying a real gold entity and storing it in the bank. You can always have it, but you can never convert it into physical gold. This is called delivery.

When you open an account for paper gold, it means buying. When you don't want it, you can go to the bank to cash it. But if the gold price when you cash it is lower than the price when you buy it, you must make up the difference before you can cash it. On the contrary, if the price of gold when you cash it is higher than the price when you buy it, you will naturally get higher profits.

The risk of paper gold actually lies in the amount of funds of 100%, and there is no proportional amplification effect, which means that you buy gold with a value of 10000 RMB.

On the contrary, some other gold investment products can buy gold worth 65438+ 10,000 yuan or even 1 10,000 yuan. I wonder if you can understand this.