CCB paper gold is also a common form of paper gold, which has the advantages of convenient investment, low cost, and large profit potential.
How is CCB paper gold traded? CCB paper gold is traded in two ways: real-time and entrusted. Investors can directly complete the transaction in real time according to the bank's buying and selling quotation, or they can place an entrusted order at a specified price. The entrusted order is divided into a profit order and a stop loss order.
The delivery forms of account gold and physical gold are also different. Account gold is traded by accounting in the gold account opened by the customer, and generally there is no physical delivery; while physical gold transactions do not rely on accounts, and the transfer of funds and physical objects is used as a sign of completion of the transaction.
What are the characteristics of CCB’s paper gold trading?
1. Using paper gold trading in the gold market can save custody fees, storage fees, and insurance that are essential for real gold transactions. expenses such as fees, appraisal fees and transportation fees, reducing the additional costs in gold prices and improving the competitiveness of gold merchants in the market.
2. Paper gold trading can accelerate the circulation of gold and increase the speed of the gold market.
Is there leverage in CCB paper gold trading?
Since paper gold still belongs to the category of physical gold trading, and it adopts the full transaction method, it is not a margin transaction. , let alone gold futures and options, so paper gold has no leverage effect. The leverage ratio of paper gold trading is generally 1:1. It can also be said that paper gold has no leverage.
Comparison of spot gold and paper gold. It costs RMB 50,000 to open a spot gold account. It costs US$1,000 (i.e. RMB 7,500) to trade one lot of 100 ounces of gold. If you buy one lot (or sell), the price difference is 15 US dollars, then excluding handling fees, the customer earns 1,400 US dollars or 10,500 RMB. Based on US$1,000, you can make a net profit of 10,500 yuan.