Many citizens expressed their support for buying physical gold with credit cards. "Some time ago, the price of gold fell. I wanted to buy some physical gold bars for investment at a low price, but I didn't have much spare money at hand and I never took it. " Mr. Yu, a citizen, said that you can buy gold by credit card now, and you can "pay the bill" first and then pay it back slowly later. Really not, you can also apply for bill installment.
The reporter then interviewed a number of local banks and found that it was impossible to use credit cards to buy gold products such as physical gold. "Gold is an investment product, similar to stocks and futures. Unlike gold jewelry sold in shopping malls, you can't overdraw your investment with a credit card. " A person from the financial department of a state-owned bank said. However, the reporter found that in addition to jewelry, gold bars and other products with certain investment functions are also sold in shopping malls.
Zhang Jun _, financial manager of Wuhan Branch Wealth Management Center of China Everbright Bank, the reason why banks can't buy gold by credit card is mainly because gold can be withdrawn at any time. If citizens are allowed to buy gold with a credit card and then sell it, it is tantamount to cashing in with a credit card.