How to buy and sell bank paper gold

Paper gold transactions are book gold transactions that do not do spot gold delivery, so they are also called "accounting gold transactions." So how to buy and sell bank paper gold, let's go to learn about how to buy and sell paper gold with the teacher.

How to buy and sell bank paper gold:

Because of the gold and gold ownership of the subject matter of the liquidation and settlement after the buyer and the seller settle the paper gold transaction

Paper gold is a voucher rather than physical gold. The gold in the customer's gold account can only be used for buying and selling transactions, not for the extraction or storage of physical gold.

In the process of paper gold trading, the second liquidation and settlement of real gold withdrawal and settlement does not occur between banks and individual investors, thus reducing the formalities of color signing and weight testing in gold transactions, simplifying gold The operation process of physical delivery has accelerated the circulation of gold transactions.

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At the same time, the deposits of the customer's gold passbook account can be used for selling transactions, and can also be used as collateral or margin to apply for gold loans from banks. Therefore, the introduction of paper gold transactions will bring great benefits to individual investors participating in the transaction Of convenience.

The price indication of paper gold trading is divided into buying price and selling price, and the difference between buying price and selling price is the spread of paper gold trading.

The buying price is the price used by the bank when buying gold from customers, and the selling price is the price used by the bank when selling gold to customers.

Because the sale of gold treasure does not make delivery of real gold, it saves some steps of gold transportation, storage, inspection, identification, etc., so its additional cost is less than that of real gold, that is, the difference between the purchase price and the selling price Less than the difference in real money trading.