What is the difference between paper gold and physical gold

The difference between paper and physical is that paper is a personal certificate, which is a new investment product after *****. Investors buy and sell "virtual" on the bank's books. There is real gold in the hand, and there is a value preservation function.

Paper **** refers to the international gold price, the tracking target is the international gold price, and the paper ** is also affected by supply and demand. The pricing principle of the paper ** is the international gold price * the middle price of the exchange rate plus the bid-ask spread.

Paper**. The difference between paper and physical goods: paper is a personal voucher, investors buy and sell "virtual" on the books according to the bank, and individuals grasp the international gold price.

The trend is low and high to earn ****.

The volatility spread. Physical ** mainly refers to gold bars.

Gold coins, gold ornaments and other physical investments, to hold physical ** as an investment. The difference between the general ornamental gold** and the selling price is large, which is not suitable for investment, and gold bars and coins are the best choice for physical investment because they do not involve other costs. However, it is important to note that holding** does not generate interest income.

Therefore, the difference between paper and physical is obvious, one is a virtual transaction, there is only one certificate, only one account can be traded, buy long and short, so as to earn the difference. For example, if you expect it to fall recently, so you buy short, if it does fall in a few days, then the difference between the price from the time you bought it to the current price is the profit you get. However, paper ** trading transactions need to charge a handling fee, that is, the spread, which is generally yuan.

And the physical ** is not without too much process, assuming that the gold bar is now 265 yuan, you only need to go to the bank or institution to buy it, but you had better not take out the gold bar, because some banks or institutions, for the gold bar will not be taken out, so it loses the meaning of investment.

Paper**. The difference between paper and physical ** is that paper ** is a personal certificate **, which is a new investment variety after *****, and investors buy and sell "virtual" ** on the books according to the bank.

And the physical ** is real ** in hand, with hedging.

Function. Paper **** is a reference to international ****, and the tracking target is the international gold price.

And paper** is also affected by supply and demand. The pricing principle of paper ** is the international gold price * the middle price of the exchange rate plus the bid-ask spread.

Extended information] paper ** trading profit model.

That is, by buying low and selling high, you can get a profit from the spread. Compared with physical gold, its transaction is more convenient and fast, and the transaction cost is relatively low, which is suitable for professional investors to carry out the most important operation. The issuance of paper is generally issued by commercial banks, companies or large retailers with strong financial strength and good credit in the market, such as fixed deposit certificates issued by commercial banks.

Bills of Exchange and Account Passbooks, Shanghai Exchange.

**bill of lading or **warehousing documents** issued, **bonds issued by enterprises, etc.

The ** on the customer's ** account can only be used for ** sell transactions, and cannot be used for ** physical withdrawal or deposit.

In the process of paper trading transactions, due to the secondary clearing and delivery of physical gold withdrawal and delivery between banks and individual investors, the formalities such as fineness signing and weight detection in the transaction are exempted, and the operation process of physical delivery is simplified, thereby speeding up the circulation of the transaction. At the same time, the deposit in the customer's passbook account can be used as a sell transaction, or as collateral or margin.

The introduction of applying for ** loans from banks, so paper ** trading, will bring great convenience to individual investors participating in the transaction.

The indication of paper trading is divided into price and selling price, and the difference between the price and the ask price is the spread of paper trading.

The price is used by the bank when it sells to the customer, and the selling price is the price used by the bank when it sells to the customer. Because the treasure trading does not make the delivery of real gold, it omits some steps such as transportation, storage, inspection, and identification, so its additional cost is less than that of real gold trading, that is, the difference between the price and the selling price is less than the difference between the real gold transaction.

At present, the middle price of the paper transaction that the domestic commercial banks began to operate is the benchmark price of the commercial bank trading on the Shanghai ** Exchange, and the secondary settlement fees of the floor transactions such as taxes, transportation, insurance, warehousing and storage, as well as the bank's handling fees, are reflected in the difference between the ** price and the selling price, and the bank no longer charges other transaction fees to investors.

At the same time, banks do not pay interest on deposits to depositors.

1. Trading markets and units. Paper** is mainly concentrated in the domestic market, with RMB as the settlement unit; There is a domestic market and an international market, but the security of the domestic spot ** platform is worrying, with RMB as the settlement unit, the international market is connected by Asia, Europe and the United States, with a high safety factor and the US dollar as the settlement unit.

2. Trading platform. Paper ** needs to go to the bank that specializes in opening paper ** business to handle it; Domestic spot ** is mainly traded through exchanges, such as Hong Kong gold and silver industry, etc., and international spot ** is traded through the platform of different companies, which is supervised by the Hong Kong gold and silver industry.

3. How to buy and sell. The biggest difference between paper and spot is that paper can only be bought in one direction, and there is no gold system. That is to say, the investment paper ** can only make a profit if it is ******; The two-way trading mode adopted by spot ** can be bought up or down, and with the existence of a gold system, the transaction is relatively flexible.

Regardless of the price of gold** or ** will be profitable.

4. The size of the risk. It is precisely because of the principle of leverage that the return is relatively high and the risk is relatively large, and the paper investment can only wait for the high gold price to make a profit.

The substantive difference between paper ** and physical ** is whether the physical object can be withdrawn, and the transaction record of paper ** is only opened in advance by the individual"**Passbook account"There is no physical gold withdrawal and delivery. The physical ** snow should be withdrawn and stored after investment and purchase.

Paper ** is also known as account ** and certificate **, investors buy and sell on the books according to the bank**"False"**, individuals can earn fluctuation spreads by grasping the trend of gold prices and buying low and selling high.

The physical ** refers to the ordinary investment gold bars and gold coins in the market, and investors buy physical products that can be seen and touched.

When investors handle the above two businesses in the bank, they must take their valid identity documents to the counter to handle their personal ** accounts, and the paper yellow paper is traded through online banking, while the physical ** needs to be traded over the counter.

The differences between the two are:

1. **It's different. Paper can be compared to a factory; The physical ** is the ** after the transportation, design, processing, façade, tax, profit and so on. So the physical object is usually more expensive than the paper.

2. The trading hours are not the same. Invest in kind**, you can only buy or sell during the opening hours of banks or gold stores; However, because paper ** does not involve physical delivery, it is bought and sold online, so it can basically be traded 24 hours a day.

3. The handling fee is different. Because depreciation is involved, the middle is lower than the market. And paper ** because there is no physical object, so there is no depreciation fee, there is a handling fee.

4. The storage method is different. It is more troublesome to store in ** after the purchase of physical goods, and it is necessary to store the cost of putting it in the bank; And the paper ** does not need to worry, because it is reflected in your personal account, just like money, just a string of numbers, recording how much you hold**, so there is no storage fee.

Since the comprehensive report on the expected returns of "Chinese aunt" investment, investment has suddenly become a hot topic at present, and a variety of investment channels have emerged in endlessly, among which physical goods and paper are one of the most important channels, so what is the difference between physical objects and paper? Four points should not be overlooked.

1. Value preservation and appreciation function

As we all know, ** is a hard inflation product to resist inflation, and due to its natural monetary attributes, it is also the best choice for maintaining and increasing value in the investment process. However, there is an essential difference between physical objects and paper in this regard, such as gold bars, gold bricks, etc., the function of value preservation and appreciation is naturally available, but paper ** is virtual in nature, although under certain conditions, it can be exchanged for physical **, but the cost is extremely high, and the process is complex, and the time cycle is long, so from the perspective of investment, it is better to choose physical ** for long-term investment.

2. Threshold for participation

Due to the relatively high value of the first item, the physical ** is generally mostly gold bars, etc., and the threshold for participating in investment is high; Relatively speaking, the threshold for participation is much lower, and you can buy a gram of paper through the bank for a few hundred yuan.

3. Investment channels

The channels for in-kind ** investment include major ** stores, commercial banks designated by the People's Bank of China, etc.; The investment channels are concentrated in the mobile apps and online banking of major commercial banks.

4. Liquidity

Due to the high value, high storage cost and poor liquidity of physical goods; The circulation of paper ** is mainly through the online trading platform of major commercial banks, free trading, and better liquidity.

The difference between physical goods and paper is mainly concentrated in the above four points, whether to invest in physical objects or paper, or according to the purpose of investment to determine, physical objects are suitable for long-term value preservation and appreciation, and paper is suitable for short-term speculative transactions. Tips: There are risks in financial management, and investment needs to be cautious.

What is the difference between paper gold and physical gold? Which is better to invest in? First of all, Jintou explains what paper gold is and what physical gold is.

Paper gold is actually account gold, and behind it is bank credit. There is no need for physical delivery, it is easy to earn the difference between buying and selling, the transaction is convenient, the fee is relatively low, and some banks can also provide the service of converting paper gold into physical gold.

Physical gold is a metal with real monetary properties, and it has a high value protection function in the face of rapid inflation such as social unrest and war (of course, some people usually like to touch it and look at the mood comfortably).The disadvantages are that it is difficult to store, easy to lose, it is more troublesome to change in peacetime, and the transaction cost is high.

What is the difference between paper gold and physical gold?

**。According to my understanding of the banking industry, when buying, it is generally based on the benchmark gold of the day plus 11 yuan to 15 yuan, and when selling, it is generally reduced by 3 yuan according to the benchmark gold of the day. The benchmark gold ** is announced by the Shanghai ** Exchange at 9:30 a.m. every day, and it is the same for every bank.

Then, if you buy physical gold, the difference between buying and selling is at least 14 yuan. Taking the recent benchmark gold ** as an example of about 340 yuan, the handling fee has reached 4%.Therefore, for the purpose of earning the difference, it is obviously not advisable to buy cash.

Deposit. If you have a lot of money to buy physical goods, you can't keep them at home. A safe deposit box must be rented.

Of course, the cost of the safe deposit box is not too high. Generally 300-500 yuan a year, if you are a gold card customer of the bank, there is generally no safe deposit box fee. However, not all ** have a safe deposit box.

Often, in a given city, there are only a few of the same bank that can provide safe deposit box services**. Transportation is a factor you should consider. As long as you want to stroke your gold bars from time to time, it's not a big deal.

Which is better for investment, paper or physical? This question depends first and foremost on the purpose of your investment. Generally speaking, if you plan to hold it for a short period of time, and your main purpose is to earn the difference in business, it must be to buy paper money, and the main purpose of buying gold is to keep hard currency and avoid the paper money credit crisis caused by hyperinflation and social unrest.