In China, ordinary people can usually see gold products, mainly gold ornaments. But gold jewelry is not a good investment variety. Gold ornaments have aesthetic value, and the extra cost of buying gold ornaments themselves is very high, and the purchase price is quite different from the intrinsic value of gold raw materials. From gold nuggets to gold ornaments, jewelers have to process them, and with the profits of manufacturers, wholesalers and retailers, these expenses will eventually be borne by buyers. At the time of sale, this part of the cost is only borne by the buyer himself, so the actual transaction cost of gold jewelry is very high. In addition, gold and silver jewelry will be worn to varying degrees in daily use. If the old gold and silver jewelry is realized, its price will be discounted compared with the original weight.
For example, 200 1, the world gold price is at the lowest level in the past 25 years, with an average price of 270 US dollars/ounce. At that time, the price of gold ornaments was around 90 yuan, but when the price of gold rose to $480/oz in 2005, the market price of gold ornaments was 125 yuan. Assuming that gold investment was purchased in that year, the return on investment should be 77.8% simply from the price of gold raw materials (referring to the price of US dollars). However, if investors buy gold ornaments, the minimum purchase price of 200 1 is 85-95 yuan/gram, and the maximum repurchase price of old gold purchased by ordinary gold merchants does not exceed 1 10 yuan/gram. It can be seen that if investors invest in gold jewelry, even if the world gold price rises so much, they will not be able to enjoy the benefits brought by the rise of gold, and a large amount of investment income from investing in jewelry gold will be consumed in various intermediate costs.
Q: Can gold and silver commemorative coins be invested?
There is also a kind of gold and silver commemorative coin in China, which has high technical design level, exquisite and rich patterns and small circulation, so it has high artistic characteristics. However, at present, the sales price of all gold and silver commemorative coins in China is very high relative to the premium level of gold and silver raw materials, showing the characteristics of "high premium, few varieties, large price fluctuation, short bull and long bear", which is not suitable for long-term investment.
Financial investment gold bars are the best physical varieties for gold investment.
For ordinary investors, the best kind of gold investment is to buy investment gold bars directly. The processing cost of gold bars is low, and various additional expenses are not high. Standardized gold bars can be easily bought and sold all over the world, and most countries and regions in the world do not levy transaction tax on gold trading. Besides, Gold is the top 24 performers in the world. /P & gt；
Although investment gold bars are the most suitable varieties for investing in gold, they do not refer to the common commemorative gold bars and New Year's gold bars in the market. These gold bars are "jewelry gold bars", the price is much higher than the international gold market price, and it is very troublesome to sell them back, so it is necessary to make a big discount when cashing them. Therefore, before investing in gold bars, we should learn to distinguish between "investment gold bars" and "decorative gold bars".
Generally speaking, investing in gold bars has two main characteristics:
1. The price of gold bars is very close to the international gold market price (due to processing fees, exchange rates, colors and other reasons, it is impossible to be completely consistent);
Second, the gold bars purchased by investors can be easily sold and cashed again. Financial investment gold bars are generally traded by gold market makers at buying price and selling price. The closer the buying price and selling price quoted by gold market makers are, the lower the transaction cost of financial investment gold bars invested by gold investors.
Q: What are the channels for purchasing domestic spot gold?
Shanghai Gold Exchange customized gold bars, ingots and "small yellow croaker";
From the official opening of the Shanghai Gold Exchange on June 30th, 2002 to the end of July, 2004, the Shanghai Gold Exchange has traded 363.8 tons of gold, with a turnover of nearly 37 billion yuan. By the end of 2003, the number of members of Shanghai Gold Exchange had reached 108. In the first seven months of 2004, the gold trading volume of the exchange was nearly twice that of the mainland gold production in the same period, indicating that the investment function of the market has been strengthened.
The exchange implements standardized trading, and gold trading must meet the standards set by the exchange. At present, the varieties traded are standard brands Au99 99, Au99 95, Au99 9 and Au99 5, with standard weights of 50g, 100g, 1kg, 3kg, 12.5kg of gold bars, ingots and legal gold coins. The quotation unit for gold trading is RMB/gram, the minimum trading unit for gold ingots is kg, and the minimum delivery quantity for gold ingots is 6kg.
Due to the restrictions of Shanghai Gold Exchange's "membership system" and "transactions between enterprise legal persons", individuals have been unable to buy and sell gold directly on the exchange. The gold bar transaction launched by Shanghai Gold Exchange is a physical gold transaction for its member institutions, and the gold exchange generates the domestic market gold price according to the quotations of buyers and sellers, which is not completely consistent with the international gold price.
Comments and analysis: Enterprises and institutional investors can choose Shanghai Gold Exchange to buy gold investment in China. Taking the gold exchange 1 kg gold bar transaction as an example, according to the current price of RMB 0/05 per gram/kloc, it needs more than RMB 654.38+10,000, and the agency fee of one thousandth is 150 yuan. Whether buying or selling, investors have to pay this fee.
Individual investors can trade 50 grams of "small yellow croaker" physical gold through the member companies of the Gold Exchange. First, sign a transaction agreement with the member companies of the Gold Exchange, and both parties stipulate the risk responsibility; Investors will pay the full amount of funds into the special account for gold trading funds opened by member units; The institution quotes to investors (the price of gold bars fluctuates with the international gold price at any time); Investors decide whether to buy gold bars and the purchase amount according to the quotation; After the transaction is completed, investors can choose whether to pick up the goods. If delivery is required, the agency will go through the delivery procedures and the transaction will be completed.
According to the announcement of the gold exchange, investors can choose to withdraw physical gold or not according to their needs, and those who do not withdraw physical gold can accept the entrustment of the exchange. However, once the gold bars are extracted in kind, they may not be put into storage for listing and trading. The physical gold transaction cost of 50 grams of gold bars will be slightly higher than that of gold coupon transactions because of the payment of certain storage fees and inspection fees.
The physical gold bars of Gaosaier sold by China Merchants Bank:
Gaosaier gold bar is a new gold investment tool launched by Gaosaier Gold and Silver Co., Ltd. for domestic individual investors. It is divided into 2 ounces, 5 ounces and 10 ounces, with a gold content of 99.99%. The buying and selling price of gold bars in Gaosaier is subject to the quotation in London precious metals market, with reference to the latest price of Shanghai Gold Exchange on that day, plus appropriate processing fees. Investors can buy and sell Gaosaier gold bars at relevant business outlets of China Merchants Bank according to the "Gaosaier Standard Gold Bar Quotation" published by relevant newspapers and websites every day. At present, China Merchants Bank has branches in Beijing, Shanghai, Guangzhou and Chengdu. , began to sell gold bars of Gao Saier.
Comments and Analysis: Compared with other physical gold purchase channels, the Gaosaier gold bar represented by China Merchants Bank is one of the more suitable physical gold investment products for individual investors.
"Huang Jinbao" business of China Bank;
The Huang Jinbao business launched by China Bank is essentially "paper gold", also called "bookkeeping gold", which is a kind of virtual gold with account books. Generally, the "paper gold" bought by gold speculators can only be stored in the gold passbook, and the physical object is not extracted. The "Huang Jinbao" launched by the Bank of China is a kind of "paper gold" investment for individuals, which adopts the bookkeeping transaction method without extracting physical gold.
Evaluation and analysis: The quotations of "Huang Jinbao" and "Gaosaier Gold Bar" are mainly based on the spot gold price in the international market. Because of the "Huang Jinbao" business, you can't own real physical gold. Different from the strategy of investing in "real gold", the purpose of investing in "paper gold" is to seek the difference between buyers and sellers.
Gold bars and bricks sold at the gold counter in shopping malls:
The common channels for ordinary investors to buy and sell gold are all kinds of New Year's gold bars, ordinary collection gold bars and gold ornaments in ordinary shopping malls. In recent years, every Spring Festival, New Year's gold bars are in a hot state. There are four sizes of suits: 500g, 200g,100g, 50g and 850g. In addition, 50 gold bars weighing 1 kg were introduced. New Year's gold bars can also be realized immediately, and the repurchase price can be reported daily in real time according to the gold price of the international and Shanghai gold exchanges through the gold coin trading system.
Evaluation and analysis: the price of this kind of gold products is much higher than the international market price at that time. Generally speaking, the price of gold jewelry is higher than the international market price 10-20 yuan per gram, because there are processing fees and other expenses.
Although the price of this kind of gold bar is high, it is very convenient to buy. Gold shops in general cities have goods, which are suitable for investors in areas where there is no "investment in gold bars" business. However, it should be noted that although some gold shops sell gold bars marked with four 9s, generally only this gold shop or its authorized institutions will admit that if they go to other institutions, they will have to re-evaluate the color and weight.
The conclusion of gold real investment method:
Who is suitable to invest in physical gold? If your daily work is busy, you don't have enough time to pay attention to the price fluctuation of world gold, you are unwilling and have no energy to pursue the profit of short-term spread, and you have enough idle funds, then you'd better invest in physical gold. After buying gold bars, deposit the gold in the bank safe for long-term investment.
The purchased gold bars or bricks must be recognized as financial investment gold bars, not "decorative gold bars". General craft jewelry gold bars can be purchased in small quantities for collection, but they are definitely not suitable for financial investment. Only financial investment in gold bars is the best choice to invest in physical gold.