The similarities and differences between paper gold and T+D are as follows:
First, paper gold is traded all day, and T+D trades 10 hour every day, which is out of touch with the international market, especially when it closes in the afternoon and opens at 9 pm. The non-trading period happened to be the time of the international gold European market, and missed a wave of market. At 8: 30 in the evening, there were some important American data. At 8:30-9:00 pm, the market fluctuated greatly, and T+D couldn't keep up.
Second, paper gold is fully traded, and T+D is a 20% margin transaction with five times leverage. Because the price of gold is relatively high, paper gold needs more funds than T+D, so T+D has an advantage over paper gold in improving the utilization rate of funds. Of course, leverage is a double-edged sword, which magnifies both benefits and risks. T+D will have the risk of being forced to close the position due to insufficient margin, while paper gold will not.
Third, paper gold can set a stop loss, but T+D can't. This is a big disadvantage of T+D, because it is discontinuous, and it is easy to open higher and go lower. If you stop the loss manually and encounter a big market, you will lose a lot if you stop the loss again.
Fourth, paper gold is traded in time, and bank market makers can buy it if they want. T+D is a matchmaking transaction. Just like stocks, sometimes you can't buy them if you want, because time takes precedence over price. Shareholders should be well aware of this. When the market plummeted before, I wanted to stop the loss, because no one bought it.
Fifth. T+D can be short, and there is a delay fee, because it is generally overpaid, but paper gold does not. Although some banks can also short now, if they are long, paper gold has no extension fee, while T+D does.
Sixth, the starting point of the transaction is different. Paper gold can be bought as low as 10g, that is, more than 3,000, and T+D is one kilogram per hand, which is about 70,000 according to the current price.
The above is the obvious difference between the two, the handling fee will not be much different, but there is no extension fee for paper gold, while T+D does.
Therefore, this should be chosen according to personal circumstances, or the two should be combined to foster strengths and avoid weaknesses.
You can talk with friends in the group and see how everyone invests in a portfolio. Many of them have rich experience in precious metals investment for several years, and there are also many learning materials uploaded by them. I hope it helps you.