Paper gold is a market maker and cannot be traded in kind in advance. This is a virtual transaction, but it can't compare with futures. Paper gold can be bought and sold at any time. There is no handling fee, but it is a bit poor. The spread is 0.8 yuan, which can be traded immediately, but it doesn't need to be matched first like futures. Paper gold is not like this. The market maker is T+0 and can trade at any time.