What is Paper Gold? Can gold on paper have value?

Paper** personal paper ** business, which is similar to the foreign exchange treasure business, that is, following the international ** market fluctuations **, individuals by grasping the market trend low to buy high to sell, to earn the fluctuation difference. The business transaction is measured in grams, and the transaction threshold is above 10 grams**. It is worth noting that this business does not carry out physical delivery, which is also the essential difference between paper business and physical business.

In addition to bank counter transactions, investors can conduct transactions through **bank and online banking channels, and obtain real-time ** through the counter electronic screen, **or the Internet**. Paper** is also known as "Special Drawing Rights". The Special Drawing Right (SDR) is a book asset created by a formal resolution of the International Monetary Organization at its annual meeting in 1969 to increase the international reserve instrument to adjust the balance of payments deficit.

In the early days of its creation, the SDR was valued at **, and the gold content per unit was equivalent to 0 888671 grams of gold before the depreciation of the US dollar. ** After demonetization, it was changed to 16 currencies on 1 July 1974 and 5 currencies (including the US dollar, Japanese yen, West German mark, French franc and British pound) in 1980. Although the SDR no longer has any connection with **, the name "paper**" is still used.

The SDR is different from the ordinary drawing right, it is a book asset created by the **organization, which is not issued**, but is distributed according to **shares, and does not have to be repaid after distribution. SDRs are only used for settlement between ** and to cover the balance of payments deficit, and cannot be used for ** or non-** payments. When a country has a deficit in the balance of payments, it can use the allocated special drawing rights to exchange the required currency to the surplus countries designated by the ** organization, and when the balance of payments improves, the excess part must be restored.

Bank of China recently launched a "paper **" business in Beijing, Guangdong and other places that is more suitable for individual investors, which has attracted the attention of many investors.

The so-called "paper**" actually refers to the paper transaction of **. The investor's trading transaction record is only reflected in the "** passbook account" opened in advance by the individual, and there is no need to withdraw the physical gold, so as to save the first steps of transportation, storage, inspection, appraisal and other steps, and the difference between the ** price and the selling price is less than the difference between the real gold buying and selling.

Of course, whether it is investing in "paper **" or physical gold, whether it can be profitable in the end depends on the trend of international gold prices. Financial experts remind that the investment "paper" should comprehensively consider many factors that affect the **, especially the US dollar "weather vane".

In 2004, the international gold price went against the US dollar exchange rate, rising to US$444 ounces at the end of the year, 11% higher than the beginning of the year, and rose to a high of US$456 in the middle of the year. Judging from the performance of the international investment market in the past three years, the gold price has risen by nearly 80%, which is far better than traditional investment tools such as ** and bonds.

Experts also reminded that the current investment should pay attention to market risks, after all, the price of gold is currently at a relatively high level, especially a "slow-heated" investment product, which will not rise and fall as frequently as **, so it is not suitable for frequent trading.

Paper is a kind of personal certificate type, investors can not carry out physical delivery, and the transaction record is only opened in advance by the individual"**Passbook account"on the embodiment.

Investors buy and sell "virtual" on the books according to the bank, and individuals earn the fluctuation difference by grasping the trend of international gold prices. 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.

Features of paper**.

1. Low investment threshold.

The minimum trading volume of paper ** is low, which is very advantageous compared with the threshold of physical ** investment.

2. Low investment costs.

The cost of paper trading is mainly the difference between the ** price and the selling price, and no other handling fees are generally charged.

3. Convenient transactions.

Paper** adopts a "24-hour uninterrupted" trading mode, and investors will also be notified in advance if the market is closed on holidays.