If you don't want gold, you can go to the bank to exchange it, but you should go to a bank with gold and silver exchange. Enough gold and silver can only be purchased by units licensed or entrusted by the People's Bank of China.
Article 8 of the Regulations on the Administration of Gold and Silver in People's Republic of China (PRC) shall be handled by the People's Bank of China. No unit or individual may purchase gold and silver except with the permission or entrustment of the People's Bank of China.
Article 12 Individuals selling gold and silver must sell them to the People's Bank of China.
Article 13 Unearthed ownerless gold and silver belong to the state, and no unit or individual may melt, damage or possess it. Unearthed ownerless gold and silver discovered by units and individuals must be redeemed by the People's Bank of China, and the price shall be turned over to the state treasury. However, if it has the value of historical relics, it shall be handled in accordance with the provisions of the Cultural Relics Law of People's Republic of China (PRC).
Interest refers to the reward that the currency holder (creditor) gets from the borrower (debtor) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.
Definition:
1. Money other than the principal of deposits and loans (different from "principal").
2. The abstract interest point refers to the value added when monetary funds are injected into the real economy and returned. Generally speaking, interest refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry between the sub-fund and the parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time).
Interest is the reward that the fund owner gets for lending the fund, which comes from a part of the profits that the producer makes by using the fund to play its operational functions. Refers to the value-added amount brought by monetary funds injected into the real economy and returned. The calculation formula is: interest = principal × interest rate × deposit period × 100%.
3. Classification of bank interest
According to the different nature of banking business, it can be divided into bank interest receivable and bank interest payable.