What about paper gold? What is paper gold

You can purchase a securities account with your ID card when you open a securities account with CCB. **It is a real-time change according to the international trend, and can be inquired at the bank counter from Monday to Friday**, or log in to CCB** to inquire. You can also open CCB online banking for online transactions, which can be traded 24 hours a day from Monday to Friday.

Paper is also known as the "Special Drawing Right". Special Drawing Rights (SDRs) are book assets created by resolution of the 1969 Annual Meeting of the International Monetary Organization. Its purpose is to adjust the balance of payments deficit by increasing international reserves.

At the beginning of SDR's establishment, it was fixed with **, and the unit gold content was equivalent to that before the depreciation of the US dollar. **After demonetization, it was fixed at 16 currencies on July 1, 1974 and 5 currencies (including US dollar, Japanese yen, West German mark, French franc, and British pound) in 1980. Although SDR no longer has any connection with **, the name "paper**" is still used.

SDRs are different from ordinary drawing rights. It is a book asset created by the International Monetary Organization. It is not issued, but it is distributed according to the **share, and it does not need to be returned after distribution.

SDRs are used only for inter-settlement to cover the balance of payments deficit and not for **or non-** payments. When a country runs a balance of payments deficit, it can use the allocated SDRs to exchange the desired currency with the surplus country designated by the IMF. After the balance of payments improves, the excess of a certain percentage must be restored.

Paper refers to a personal certificate type, investors can buy and sell virtual on the books according to the bank, and earn the fluctuation difference by grasping the trend of the international gold price.

Paper can also refer to the paper transaction, the investor's trading transaction record is only reflected in the personal pre-opened "passbook account", and does not involve the withdrawal of physical gold is a personal certificate, which is similar to the foreign exchange business, that is, following the fluctuations of the international market, customers can buy low and sell high by grasping the market trend, and earn the difference.

Paper can also be called a document, which means that the owner holds only a certificate of property right rather than a physical object, and the owner can withdraw or dispose of the physical object at any time with this certificate, and this kind of certificate of property right is called paper. The delivery date can be determined is the **** contract, and the one that can be delivered at any time or the delivery date is the **spot contract, such as the ** storage order.