The main difference between the three wealth management products lies in the transaction characteristics. Let me analyze paper gold for you one by one: it can only be done in banks and can be traded in full. Except for the special time stipulated by the bank, it can be traded 24 hours a day, and it can be traded in two ways. Paper gold is divided into two accounts, one is traded in RMB and the other is traded in USD. Forget the dollar transaction. The minimum transaction volume of RMB is 10g, and the input cost can be high or low. T+0 trading (that is, buying and selling). You can't mention real things. Physical gold: high investment cost, few repurchase channels, poor liquidity and high cost of maintaining value. It can generally be used as a hedging demand for investment. If you want to make a profitable investment, I personally suggest not to make physical gold. Gold futures: leveraged trading (that is, margin trading, like paying down payment for buying a house), T+0 trading (that is, buying and selling), with a delivery period (the transaction must be carried out before the specified date, and the transaction must be delivered in kind on the delivery date to make up the difference), which is relatively risky, only trading for 4 hours every day, and supports two-way trading. There is a price limit! Therefore, it is more suitable for people with higher professional level to invest. If you don't understand anything, you can continue to ask!