What is paper gold?

Paper gold is personal book-entry gold. Its quotation is similar to foreign exchange business, that is, it follows the fluctuations of the international gold market to make a quotation. Customers can buy low and sell high by grasping the market trend and earn the difference. Paper gold can also be called a gold document, which means that the only paper gold held by the owner of the gold is personal book-entry gold. Its quotation is similar to foreign exchange business, that is, it follows the fluctuations of the international gold market. Grasp the market trend, buy low and sell high, and earn the difference. Paper gold can also be called a gold document, which means that what the owner of gold holds is only a real right certificate rather than a physical gold object. This kind of gold real right certificate is called paper gold. The gold futures contract is the gold futures contract that can determine the delivery date, and the gold spot contract that can be delivered at any time or the delivery date is uncertain, such as gold storage receipts. In addition to the common gold savings certificates, gold delivery orders, gold bills, and large-value gold negotiable certificates of deposit, the types of paper gold also include gold bonds, gold account passbooks, gold storage receipts, and gold bills of lading. The gold spot transaction is not available on the same day. The settlement order, as well as the special drawing rights of the International Monetary Fund, etc. All belong to the category of paper gold. The characteristics of paper gold trading are as follows: 1. Using paper gold trading in the gold market can save expenses such as storage fees, storage fees, insurance fees, appraisal fees, and transportation fees, which are essential for physical gold transactions, reduce the additional costs in the price of gold, and increase gold merchants’ profitability. Competitiveness in the market. 2. Paper gold trading can speed up the circulation of gold and increase the speed of gold market transactions. Previous: Factors Affecting Gold Price Next: Shanghai Gold Exchange Denies It Will Push Gold Spot Options