In recent years, many speculators have aimed at the gray "business opportunities" of highly leveraged trading of precious metals such as gold and silver, and have opened many "golden empires" for underground gold speculation all over the country by taking advantage of the weakness of individual investors in pursuing overnight wealth. However, the disintegration of the "Golden Empire" has been staged: in August 2008, more than 400 customers of Gaode Gold received the notice of liquidation, turning the floating loss into a real loss of up to 10 million; In February 2009, the first case of silver speculation fraud in China was held in Guangzhou, and Guangdong Renzhong Dejin Economic and Trade Company lost the case because it illegally engaged in silver T+D to defraud customers of money. In August 2009, Zhang Yong, the former Zhejiang Century Gold, was tried in Hangzhou on suspicion of illegally operating gold futures, involving a total amount of 58.3 billion yuan.

The explosion of positions is the similarity of these typical cases. Pretending to be a member of the gold exchange is also a trick they use together. From the websites of Shanghai Gold Exchange and China Gold and Silver Exchange Society, we can see similar striking statements: "Recently, some companies used the name of the gold exchange to recruit members by telephone and engage in so-called gold trading." Or "Recently, a company was found to be posing as an employee".

While these gray transactions breed, the exchange also sees the necessity of opening gold margin trading to individual investors. Gold futures, gold T+D and silver T+D businesses were opened to individual investors in the past year or two.