Paper gold is virtual gold, and its price positioning is based on the price of a certain variety of gold converted into RMB. Participating in paper gold trading is essentially a virtual transaction, which can be regarded as a derivative transaction of gold market trading. Investors' transaction records are only reflected in the "gold passbook account" opened by individuals in advance, and do not involve the withdrawal of physical gold. The profit model is to buy low and sell high, so as to obtain the difference profit. Paper gold is actually profitable through speculative trading, rather than investing in physical gold. The domestic market mainly includes paper gold of CCB, ICBC and BOC, among which the handling fee of paper gold of ICBC is relatively low, and the unilateral price difference is 0.8 yuan/gram. The types of paper gold include gold bonds, gold account passbooks, gold warehouse receipts, gold bills of lading, gold bills of exchange and large denomination gold negotiable certificates of deposit, as well as open trading orders in spot gold transactions and special drawing rights of the International Monetary Fund. All belong to the category of paper gold.
Because of its durability, beauty and rarity, gold has been an effective tool for people to maintain and increase their value since ancient times. Gold investment is popular all over the world and is widely sought after by investors. Domestic gold investment is divided into physical gold, spot gold, deferred gold and paper gold trading. The transaction of physical gold refers to the transaction mode that can extract physical gold; Paper gold trading can only reflect the buying and selling situation through books, and it is impossible to extract physical gold. The two trading methods have their own advantages and disadvantages: if it is for long-term collection or gift to relatives and friends, investors can choose physical gold trading, and if they want to get the trading price difference in a short time, paper gold is the best choice. There are no additional transaction costs such as storage fees, transportation fees and appraisal fees in paper gold trading, and the investment cost is low, so it will not encounter the dilemma of "easy to buy but difficult to sell" in physical gold trading.
Gold-linked foreign exchange wealth management products are another new investment tool. Its income is linked to the international gold price. The smaller the fluctuation of gold price during the investment period, the higher the investor's yield. Suitable for investors with stable investment style, foreign exchange financing needs and judgment on the trend of gold price. Take urban behavior as an example. Not long ago, the bank launched a new issue of Huijubao, in which the product income of dollar gold easy to find gold is linked to the international gold price. Assuming that the price of gold per ounce is between $4 15 and $450 on a certain day in the investment period, the annual income of customers on that day is 5.00%; Even if the price of gold fluctuates greatly, as long as the price of gold remains between 405-470 dollars per ounce, customers can still get 2.50% annual income on the same day.
With the four major banks of China, agriculture, industry and construction successively obtaining gold licenses and launching a variety of gold products to participate in the competition, dazzling advertisements make ordinary investors at a loss. Experts from China Bank suggested that investors might as well shop around when choosing products, referring to such factors.