There are three main ways to trade precious metals: one is physical precious metals trading; Second, precious metal transactions in bank accounts, such as paper gold and paper silver; Third, electronic trading of precious metals represented by spot gold and spot silver. Different trading methods of precious metals have different trading rules, and trading risks, investment thresholds and investment returns are also different. Investors need to choose the right investment method according to their actual situation.
In a broad sense, precious metals include gold, silver and platinum group metals (ruthenium, rhodium, palladium, osmium, iridium and platinum), and the precious metals mentioned in the investment community mainly refer to gold, silver, platinum and palladium.
Because of the persistence and stability of the value of gold and silver, it is often sought after by investors. As a physical asset, it will become an ideal substitute for monetary assets. This is the best way to fight inflation and protect assets. Through the physical and electronic transactions of gold and silver, investors can also make use of price fluctuations to earn profits and realize value-added functions.
How to trade precious metals?
Product selection: When investors fully understand their risk tolerance, financial strength, expected returns and investment preferences, they can choose one of the above three precious metal trading methods to participate in the investment.
Platform selection: after determining the investment products, investors should also look for a formal and reliable trading platform in the mixed precious metal market. The three major precious metal platforms in China are Shanghai Gold Exchange, Shanghai Futures Exchange and chinese gold and silver exchange society. It should be noted that the precious metal products mainly operated by different trading cities are different.
Application for account opening: Find the account opening entrance through formal channels, fill in the effective information of investors according to the platform prompts, submit the account opening application, and get the trading account for free after the platform passes the examination. If you are an inexperienced novice investor, I suggest you apply for a simulated trading account first, and learn the trading rules through simulated trading before you do the actual operation.