The main differences between stocks, futures and gold spot are as follows: first, the trading mechanism is different, the bulk commodity is T+0, which is flexible and convenient, the stock is T+ 1, the traditional trading mechanism is slow, and the futures and gold spot are also T+0, which is flexible and convenient; Second, the profit model is different. Commodities are two-way transactions, buying up and selling down. Stocks are one-way transactions, and only stocks can earn gains. Futures and gold spot are also two-way transactions, buying up and selling down. Third, the trading margin is different. The margin of bulk commodities is 20%, the market fluctuation is reasonable, the risk is moderate, the capital utilization rate is 5 times, and the stock margin 100%, the capital utilization rate is low and the risk is moderate. The trading margin of futures is 5- 10%, which is risky, the capital utilization ratio is 10 times, and the leverage ratio of gold spot. Fourth, the security of funds is different. Commodities, stocks and futures are all supervised by the third party of the bank, and the funds are safe and transparent, while the cash funds of gold are remitted abroad, so the safety factor is low and there is no guarantee; Fifth, it is suitable for but different from customers. Low commodity threshold, suitable for mass customers to participate in investment. Although the threshold of stocks is low, the return is slow, the general trend is difficult to grasp, and the threshold of futures is high, which is difficult for investors to grasp, while spot gold needs strong technical analysis ability and risk tolerance; Sixth, with different rates of return, there are great investment opportunities for commodities, and limited funds can get greater returns, while stock investment opportunities are limited. Few people make profits in the bear market trend, and the futures returns and risks are great, and the spot returns and risks of gold are great. But futures and gold spot are not suitable for ordinary investors.