1。 One of the characteristics of London gold market is that the trading system is quite special, because there is no actual trading place in London, and its trading is done in an invisible way through the sales contact network of major gold merchants. The members of the exchange are composed of five authoritative gold merchants and some companies or shops that are recognized as qualified to buy gold from the five gold merchants, and then are composed of various processing factories, small and medium-sized shops and companies. At the time of trading, gold merchants quote their buying and selling prices according to their respective buying and selling prices.

2。 The second characteristic of trading on the London Stock Exchange is its flexibility. The purity and weight of gold can be selected. If customers demand to sell in distant areas, gold merchants will also quote freight and premium, and can also quote futures prices according to customers' requirements. The most popular way to buy and sell Loco-London gold is that customers can buy gold spot without paying cash, and only need to pay at the agreed interest rate at maturity, but at this time, customers can't get physical gold. This way of buying and selling gold is just to play a number game on the accounting account until the customer performs the opposite operation to close the position.

3。 There are also some defects in the special trading system of London gold market. First of all, because the prices of various gold business newspapers are real prices, sometimes the market price of gold is chaotic, and even gold merchants don't know which price is reasonable, so they have to stop quoting, and the trading of London gold will stop; Secondly, customers in the London market are absolutely confidential, so there is no effective gold trading position statistics.