The difference between physical gold and paper gold, it is better to buy paper gold or 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.

The difference between paper and physical gold is that paper is virtual, and physical is a real object, that is, gold bars, jewelry gold, etc.

"Paper" is a kind of personal certificate type, investors according to the bank ** on the book to buy and sell "virtual"**, individuals by grasping the trend of international gold prices low to buy high, earn the fluctuation difference. The investor's trading transaction records are only reflected in the "** passbook account" opened in advance by the individual, and no physical gold withdrawal and delivery occurs.

Physical buying and selling includes transactions such as gold bars, coins and gold jewellery to be held as investment. It is certain that the investment amount is high, and although the real rate of return is the same as other methods, the amount involved will be lower (because the invested funds will not be leveraged) and will only be profitable when the price of gold rises. 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.

The difference between paper and physical is whether the physical object can be withdrawn, and the paper transaction record is only reflected in the personal pre-opened account, and no physical gold withdrawal and delivery occur. The physical goods** need to be withdrawn and kept by themselves after the investment is purchased.

Physical gold. I feel that the physical product is nothing compared with paper, you are talking about spot, let's explain it.

The physical **:** (gold) is gold, the symbol of the chemical element AU, is a soft, golden, corrosion-resistant ***. Gold is one of the rarest and most precious metals.

Internationally, it is generally measured in ounces, and in ancient China, it was used in two units.

The main difference between paper and spot is that there is a leveraged investment variety, and the other is an investment variety without leverage.

There is no leverage in the paper, and the full amount of investment is required to operate.

Spot** is leveraged and can be used to make a small profit.

Another point is that paper is suitable for doing the middle line, try to avoid trading.

The spot ** operation is more flexible, and the selectivity is also appreciated. But in this case, while the rewards may be higher, the relative risks will also increase.

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.

Spot is a physical item and can be delivered to obtain a physical item, but paper is a virtual item, which is only traded according to the real one. Paper ** can only be purchased in full, there is no leverage and can only be bought, spot ** has leverage, take margin two-way trading, buy up and buy down. The trading hours of paper ** are limited, and spot ** is almost round-the-clock trading except for two hours of settlement.

Paper ** is suitable for ordinary investors, and spot ** is suitable for slightly more professional investors.

1. The platform is different.

Neither paper nor spot is the real one that buys and sells, but an agreement to buy and sell. The paper business needs to be handled by the bank that has opened the paper business (there are currently Industrial and Commercial Bank of China, China Merchants Bank, Bank of China, etc.). At present, spot ** trading is not allowed in China, and generally domestic spot ** is operated through the platform in Hong Kong.

2. The way of buying and selling is different.

The biggest difference between paper and spot is that paper can only be bought, that is, after you buy paper, only if it rises, you can make money. The spot can be bought short or up, and the transaction is more flexible.

3. The size of the risk is different.

The risk of paper is smaller than that of spot, and the purchase of paper needs to see the right time and wait for it to rise to a high level to sell at a profit, while the spot ** uses leverage, which is risky, but the return is relatively high.

Paper trading is not to do spot delivery and flushing book transactions, so it is also called "bookkeeping". Like investing in physical goods, "paper" is a way to invest, so it has both long-term value preservation and price difference income.

**Spot refers to physical delivery, such as gold bars, gold coins, etc. The spot ** is only a virtual book transaction, and there is no physical delivery of the scattered travel. Reflect on your passbook that you have a few grams**, which is just a bookkeeping symbol and cannot withdraw the physical object**.

It simply earns the difference by buying and selling. The former can maintain and increase its value, but it will take time. If you are afraid that it is not safe to keep gold bars at home, you can go to the bank to rent a safe.

The latter, because it does not involve physical objects, there are no potential safety hazards, but it should also be grasped and accurate when trading.

The differences between the two are:

1. **It's different. Paper can be compared to a factoryThe physical ** is after the transportation, design, processing, façade, tax, profit, etc. So the physical object is usually more expensive than the paper.

2. The trading hours are different. Investing in physical goods**, 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.

Nowadays, young people are more enthusiastic about investment, so is it suitable for investment? I think that for ordinary people, if they buy ** for investment, it is not very suitable to buy physical ** for the following reasons.

1. To buy physical goods**, you may need to invest more money. A standard gold bar weighs grams, and even if it is calculated according to 400 yuan per gram**, it will cost more than 40,000 yuan to buy a gold bar.

2. It is difficult to distinguish the true and false gold content of the physical **. The physical ** will generally indicate what the gold content is, and the higher the gold content**, the higher the **. But for ordinary people, it is difficult to verify the authenticity of the gold content of the physical **, even if you buy a "fake"**, you don't know.

3. The liquidity of the physical ** is relatively poor. It's easy to buy the physical **, but it's not so easy to sell it. Because if you want to sell Min's spine, you either sell it to someone else, or let the bank and the gold store**.

Sell to others, customers have to find their own, if you don't happen to meet someone who wants to buy **, obviously it will not be easy to find. And it is a question of whether the bank or the gold store is willing or not, and even if it is willing, it may only give a discount, and it should be difficult to sell it at the market price.

4. The physical ** is usually higher. Generally, to buy physical goods, the main channels are banks and gold stores, but whether it is a bank or a gold store, it will generally be higher than the spot market. Because the **** of banks and gold stores includes the costs and profits of processing and sales.

In short, the physical ** is not too suitable for ordinary people to buy as an investment. Of course, the above problems can be ignored, except for human bridge infiltration.