At the end of last year, Shanghai Futures Exchange launched the fourth product of gold investment: gold futures, which further improved the domestic gold investment market, and the door of gold investment has been fully opened to investors.
Because gold futures are still in the primary promotion stage and the risks are beyond the tolerance of ordinary investors, I will not introduce them here for the time being. The following mainly introduces three kinds of common gold investments in the market: the first kind: gold physical transaction.
As the name implies, it is the trading mode defined by physical delivery, including gold bars and coins. Investors buy gold bars at the gold price of the day. After payment, the gold bars are owned by the investors and kept by them. After the gold price rises, investors bring gold bars to the designated acquisition center for sale. Advantages: Gold is a status symbol, and the ancient traditional concept makes China people have a special preference for gold, which is widely favored by individual gold collectors.
Disadvantages: this investment method is mainly adopted by big gold merchants or the national central bank as their own production raw materials or as the country's foreign exchange reserves. Trading is more troublesome and has the characteristics of "easy to buy but difficult to sell".
The second type: paper gold trading.
What is paper gold? Simply put, it is equivalent to the ancient silver ticket! Investors buy gold in the bank according to the gold price of the day. The bank does not give investors real money, but only gives investors a contract. When investors want to sell, they will go to the bank to cash the contract. Advantages: the investment is small, the minimum transaction amount of a general bank is 10g, and the transaction unit is 1g, which makes the transaction more convenient and saves the steps of gold transportation, storage, inspection and identification. Disadvantages: paper gold can only buy up, which means it can only buy low and sell high. When the price of gold falls, investors can only wait and see. The investment commission is relatively high and the time is relatively short.
The third type: gold spot margin trading.
Generally speaking, for example, a stone with 100 yuan can be traded with a deposit of 1 yuan, so if you have 100 yuan, you have a stone with 100 yuan. If the price of each stone rises by 1 yuan, margin financing and securities lending is to use this leverage principle to enlarge funds and make full use of limited funds to do small and wide. The comparison between futures gold and spot gold, the most popular investment at present.
Spot gold trading is basically a real-time transaction, which is delivered after the transaction or within a few days. The main purpose of futures gold trading is hedging, which is a supplement to spot trading. After the transaction, there is no established transaction, but the two parties sign the contract first, pay the deposit, and then deliver the goods on the scheduled date. Its main advantage is that it can master a large number of futures with a small amount of funds and transfer the contract price in advance, which has leverage. Advantages and disadvantages of spot gold relative to futures gold. (neutral judgment)
Trading mechanism; Futures gold: there is a short-selling mechanism, two-way trading can make a profit, and there are profit opportunities for both ups and downs. T+0 trading system. You can open positions many times on the same day, but there is a delivery date, and you must deliver them at maturity, otherwise you will be forced to close your positions or deliver them in kind. At the same time, when the margin is insufficient, it will also be forced to close the position. Spot gold: there is a short-selling mechanism, two-way trading can make a profit, and there are profit opportunities for both ups and downs. T+0 trading system. You can open and close positions many times on the same day, without delivery restrictions, and you can hold them indefinitely. However, when the margin is insufficient, it will be forced to close the position.
Trading funds; Futures gold: margin trading. With 10% capital, you can do 100% transactions, and the capital is enlarged by 10 times.
Spot gold: margin trading. There are differences according to the magnification of gold companies, but most of them can be operated to 100% gold with 1% capital, and the magnification is 100 times, and the multiple is calculated manually, for example; 1 standard hand = 100 ounces, and some platforms can make 0. 1 hand. Trading time;
Futures gold: trading time: 9: 00 am ~165438+0: 30 pm1:30 pm ~ 3:00 pm. Due to the short trading time, it is not in line with the international gold price, and the phenomenon of gap is frequent. Investors can't enter the market in the early stage.
Spot gold: Due to the time difference, domestic transactions can be conducted from 8: 00 am on Saturday to 3: 00 am on Saturday. That is, all-day trading can be entered at any time in the market. Price continuity is better than futures. The most active trading period is between 8.00 and 24.00.
Raise the limit; Futures gold: according to different futures varieties, the daily price limit ranges from 3% to 15%.
Spot gold: no increase limit.
Account name threshold; Futures gold: the starting price is not less than 50,000.
Spot gold: The standard warehouse account of a general platform is US$ 5,000, equivalent to RMB above 3 yuan. Some platforms can open mini warehouses, generally around US$ 65,438+0,000.