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I. Physical gold
Physical gold includes gold bars, coins and ornaments. The heat of spot gold is not investment, but preservation. This is the first point, the cash investment is relatively large!
Disadvantages: (gold bars, coins, nuggets, gold ornaments), buying and selling need to pay continuous fees, and gold is safely stored. The integrity of gold is highly valued in secondary recovery. Buying gold ornaments and souvenirs has high manual cost and added value. From ordinary gold to jewelry, manufacturers, wholesalers and retailers need profits, and these expenses are borne by consumers. The price is also higher than the price of gold. When you want to sell a coat, you can only offer it with both hands and sell it at the buying and selling price.
Second, paper gold.
Paper gold paper gold is personal proof gold. Investors buy and sell "virtual" gold in their accounts according to bank quotations. Individuals can get the fluctuation difference of gold price by mastering the trend of international gold price. Investors' transaction records are only reflected in the "gold passbook account" opened by individuals in advance, and there is no cash withdrawal and delivery of real gold. Its characteristics are similar to physical gold, and its profit is not high!
Third, gold and silver
Shanghai td, gold and silver TD refers to the standardized contract formulated by Shanghai Gold Exchange, which stipulates to deliver a certain number of targets at a specific time and place in the future. The target, also known as the basic asset, is the spot corresponding to the gold and silver TD contract. Like stocks, it adopts intermediary trading mechanism, with large margin and high threshold. The biggest problems are trading time and international market failure, and the risk control is not perfect.
4. London Gold Exchange
Spot Loco-London gold, also known as local Loco-London gold, is a real-time transaction and delivered within a few days after the transaction is completed. It is also commonly called cash and is the largest stock in the world. Spot gold has a large daily trading volume, with a daily trading volume of about 20 trillion US dollars. Therefore, no consortium or institution can manipulate such a large market artificially and rely entirely on the voluntary regulation of the market. There is no banker in the spot gold market, and the market is standardized, self-disciplined and sound in laws and regulations. It adopts the 24-hour trading mechanism of market traders.
Financial risk:
1. Price risk: Gold has a large international market, and its price is greatly influenced by external factors. International political, economic and military changes are important factors that affect the price of gold, and these factors are beyond the control of investors.
2. Market risk: As the world market is uncontrollable and unpredictable, investors misjudge the market and make investment mistakes, resulting in losses.
3. Regulatory risk: At present, the gold regulatory policy is not perfect, the gold trading market is still in a state of insufficient supervision, and investors' investment lacks relevant legal protection.
4. Network risk: At present, gold investment is basically conducted online. In the case of network paralysis, system collapse and computer virus invasion, the information update is slow and it is impossible to trade with investors, resulting in huge losses.
5. External risks: With the expansion of the gold market, a large amount of foreign capital flows in, and overseas investment institutions have mushroomed in China to conduct online sales in the name of consulting to defraud investors of personal account information.
6. Platform risk: Nowadays, black platforms for gold investment abound, attracting investors' attention under attractive conditions, and falling into black platforms for investment is the beginning of losses.
7. Leverage risk: Due to the existence of leverage, investors' income opportunities expand and the corresponding risks are also great.
8. Operational risk: due to the lack of knowledge and technology of investors, feelings are easy to trade and blindly invest.