There are two main types of gold trading in the gold market, namely spot trading and futures trading. Spot gold mainly refers to gold nuggets (bricks), gold ingots, gold bars and gold coins. Most of the gold transactions newly mined by private or gold mining enterprises are physical transactions. The gold purchased by customers can be stored and transferred by themselves, or entrusted to a gold merchant for safekeeping. Spot transactions are generally delivered immediately after the transaction or completed within two days.

You need to bring your valid ID card to the Bank of China to buy it. If purchasing on behalf of the buyer, it shall carry the valid identity documents of the buyer and himself. The customer of the company shall hold the seal reserved by the company (the same as the seal of the debit account of China Bank), provide the power of attorney of the manager (with the signature and seal of the legal representative and the official seal of the company), and the original and copy of the valid identity certificate of the manager.

Physical gold investment rules

With the introduction of gold investment bars in China, physical gold investment has gradually become the most popular asset storage method. Therefore, in order to protect people's assets under high inflation, financial experts put forward three physical gold investment rules.

First, long-term investment. Because the price of gold is greatly influenced by international factors. Therefore, as long as there are factors that support the rise of gold prices, the income held in the medium and long term is definitely much higher than that of short-term trading, and the risk is lower.

Second, the average investment. In short, it is a regular fixed investment, which is more suitable for working families with less liquidity. If you choose to invest in a fixed-weight physical gold every quarter or every year, you will get considerable real income while resisting the price increase.

Third, invest as soon as possible. For example, suppose A, B and C are 30 years old, 40 years old and 50 years old respectively, and they all expect to get a certain investment income as a pension at the age of 60, then the physical gold income of A's investment for 30 years should be relatively high. As the saying goes, "the early bird catches the worm", so does gold investment.