(1) Shanghai Gold Exchange. As the most authoritative spot gold trading market in China, there are gold bars, gold ingots and legal gold coins with standard weights of 50g, 100g, 1kg, 3kg, 12.5kg, and the standard brands are Au99.99, Au 99.95au99.99.5, but due to Shanghai. Individual investors can trade 50 grams of "small yellow croaker" physical gold through the member units of the Gold Exchange. The operation process is as follows: firstly, a trading agreement is signed with the member companies of the Gold Exchange, and the investors will fully deposit the funds into the special account for gold trading funds opened by the member companies, and the agency will quote for the investors. Investors can decide whether to buy gold bars and the quantity of gold bars according to the quotation. After the transaction is completed, investors can choose whether to pick up the goods. If delivery is required, the agency is responsible for handling the delivery procedures and completing the transaction.
This channel is characterized by high agency fee, one thousandth, which is not easy to buy back, but it is recognized by the authority and the quality is guaranteed.
(2) Domestic commercial banks can be divided into two categories: self-owned brands and agency brands. Banks have their own brands, such as "Ruyi Gold" of ICBC and "Longjingding" of CCB. The agent brands are "Gaosaier Gold Bar" sold by Agricultural Bank of China and China Merchants Bank, physical gold of Industrial Bank and physical gold business of Huaxia Bank. Take ICBC "Jin Ruyi" as an example. It is the first gold bar with its own brand issued and designed by China Industrial and Commercial Bank after its successful listing. The fineness of gold bars is AU99.99, with specifications ranging from 50g, 100g, 200g, 500g and 100g. The purchase time is from 9: 30 to 4: 30.
The characteristics of this channel are: safety and security. If the real money is not extracted, the bank can hold it on its behalf, but the cost of purchase and repurchase is higher.
(3) Professional gold investment companies. For example, Admiralty Gold issued by Admiralty Gold, Emerald Gold invested by Dark Green and so on.
The characteristics of this channel are: the identification and certification of specifications and colors are only recognized by brands, but the cost of purchase and repurchase is low.
(4) major gold shops. Mainly in Chinese mainland and Hongkong, major jewelry brands have their own well-known brands. Generally, most of them are gold ornaments, and some of them are investment gold bars. For example, China National Gold Group's China Gold Flagship Store in Beijing, Shanghai Laofengxiang, and Hong Kong Chow Tai Fook founded by 1848.
The characteristics of this channel are: high selling price, large repurchase discount, only a few gold shops recycle, and generally only buy back the gold ornaments they sell.
(5) Gold counters in major shopping malls. Sell both investment commemorative gold bars or coins and gold ornaments, such as Guohua Shopping Mall in Beijing and Wangfujing Department Store in Guangzhou.
The characteristics of this channel are: repurchase varies from shopping mall to shopping mall.
(6) Pawnshops are new channels for buying gold, mainly producing gold bars and jewelry, such as Jinbao Pawnshop in Beijing.
The characteristics of this channel are: the price is lower than the selling price of shopping malls, and the quotations vary greatly, generally 60%-90% of the gold exchange. Commemorative gold products have a large discount and little profit margin.