In a sense, physical gold bars best meet people's needs of "hiding gold". Huang Chengcheng's gold bars are tangible. There are two kinds of investment in gold bars: standard gold bars and gift gold bars. Banks and gold shops are investment channels. Standard gold bars are the most important trading tools in the gold market, and their shapes, specifications, fineness and weight have corresponding standards. For example, the common delivery unit in the market is 50 grams of AU99.99 gold bars and the delivery unit is 1 1,000 grams of AU99.99 gold bars. According to international practice, this standard gold bar must indicate the fineness and weight of the gold bar, as well as the name and number of the refinery. The "Year of the Rooster Gold Bar", which sold well years ago, belongs to a kind of gift gold bar. On this kind of gold bars, printed patterns and colors not only have their own value, but also have collection value.
The investment in physical gold bars has obvious advantages and disadvantages. Physical gold bars have outstanding functions. Gold has always been a safe-haven tool for investment, and its price trend is always opposite to that of other investment varieties. In addition, gold itself has the nature of natural currency, which can largely resist the risk of inflation. Many gift gold bars, such as the 2008 Olympic gold series and the Zodiac gold series, are sold in limited quantities, and each product has a corresponding number. This scarcity determines its collection value and appreciation potential. Investing in this kind of gold bar can often get a "premium" much higher than the value of the gold bar itself.
However, the delivery and storage of physical gold bars will cause related investment costs, which is also worthy of investors' attention. The delivery of physical gold bars should be notified to the bank several days in advance and the corresponding delivery fee should be paid. The storage of gold bars requires renting a safe deposit box, which can not be ignored.
In addition, China has not yet established a perfect physical gold bar trading system, which is also a problem encountered when investing in such physical gold bars. The withdrawal mechanism of physical gold bars is not perfect. Bank counters can buy gold bars, but they can't buy back gold bars. Investors who withdraw physical gold can only sell it to jewelry stores or gold and silver products processing plants if they need to realize it urgently. Because there are many business standards for gold redemption, including national standards, bank standards and merchant standards, investors should fully consider the reputation of merchants, risk aversion ability and whether the runway for gold recovery is smooth when buying gold.
Talking about gold on paper is profitable.
In order to make a profit from investing in the gold market and reduce the investment cost as much as possible, book gold trading is actually a good choice.
China Bank's "Huang Jinbao" business, commonly known as "paper gold", is the earliest book gold trading system. The quotation of "Huang Jinbao" follows the fluctuation of the international gold market, and investors earn the price difference by grasping the market trend of buying low and selling high. At the time of trading, all the gold traded is recorded in the gold passbook opened by the investor in advance, but the physical delivery of gold is not involved.
In the trading pilot set up by Industrial and Commercial Bank of China and Shanghai Gold Exchange, 50 grams of gold bars and 1000 grams of AU99.9 gold bars can also be traded on paper, which is similar to the "Huang Jinbao" business.
Compared with investing in physical gold, the threshold of book gold trading is lower, and it only needs 10 gram to trade. In other words, investors can try their hand in the gold market with 1000 yuan. Due to the elimination of storage fees, storage fees, insurance fees, appraisal fees, transportation fees and other fees in physical gold bar transactions, the additional expenses in gold investment have been reduced a lot. However, when trading book gold, you need to pay the trading fee. The handling fee charged by ICBC is 0.5 yuan/gram, while that charged by BOC is 1 yuan/gram. Investors must take this expense into account when calculating their profit rate. Only when the price of gold rises more than the transaction fee stipulated by banks can they really start to make profits.
Gold coins focus on collection value.
Gold coins and gold bars have a lot in common. Gold bars can be divided into standard gold bars and gift gold bars, and gold coins can be divided into pure gold coins and commemorative gold coins; The price of gold coins will fluctuate with the change of gold price; Commemorative gold coins, like gift gold bars, may be more valuable than their own gold due to the limitation of market supply and collection demand; Gold coin is also a kind of physical gold, which has the nature of natural currency and can be used as a tool to preserve value and prevent inflation risks.
From the perspective of pure investment, pure gold coins are the main target of investing in gold. When the personal gold business is not liberalized, pure gold coin investment is a means of small gold investment. Now, this role has obviously been offset by investment methods such as physical gold bars and book gold business.
If you are familiar with the postal currency card market, you can also include commemorative gold coins in the investment scope, because the market price fluctuation range and frequency of commemorative gold coins are far greater than that of pure gold coins. There are two kinds of commemorative gold coins, one is commemorative gold coins with important topic color and great collection value; The other is the famous panda gold coin. Take the 2004 edition 1 ounce panda gold coin as an example. In the case that the domestic gold price is about per gram 120 yuan, the gold price of 1 ounce panda gold coin reaches more than 3,480 yuan, but the market price of panda gold coin reaches 3,800 yuan, which is higher than the pure gold price.
Gold ornaments are not an investment choice.
Of course, we should not forget the most common gold ornaments in our lives. The older generation likes to invest in gold by collecting gold ornaments. Many people also regard gold ornaments as "family heirlooms" and pass them on from generation to generation. With the development of modern design concept and gold processing technology, the modeling of gold ornaments is becoming more and more diversified and personalized. But from the perspective of investment alone, gold ornaments are not suitable as the main means of gold investment.
The price of gold jewelry includes not only the price of gold, but also the processing fee. From gold nuggets to gold ornaments, goldsmiths or jewelers have to make great efforts to process them. When they are produced, they will be taxed as a handicraft. When they finally reach the buyers, they will also add the profits of manufacturers, wholesalers and retailers. All these expenses will be borne by consumers.
When gold jewelry is sold, even brand-new jewelry can only be treated as second-hand jewelry, and the highest price does not exceed two-thirds of the new one. If it is worn and collided in daily use, the price will be much lower. This gap between buying price and selling price undoubtedly greatly reduces the investment value of gold jewelry.
Financial Tips —— The Main Factors Affecting the Price of Gold
W dollar is the most important international reserve currency and trade-denominated currency in the world, so the price of gold is greatly influenced by the trend of the dollar. The exchange rate of the US dollar has risen, investing in the US dollar is relatively profitable, the demand for gold has decreased, and the price of gold has fallen; The exchange rate of the US dollar fell, the demand for gold increased, and the price of gold rose.
W War, drastic exchange rate changes, economic prosperity, the trend of the stock market, the supply of gold and other factors will make the price of gold fluctuate greatly.
The trend of gold price is often contrary to the trend of economic prosperity and securities.