Paper gold is more profitable than spot gold

Paper gold on the market is traded on a gold account, which does not involve physical gold delivery. Investors mainly buy low and sell high, and earn the difference through the price of gold. So, how does paper gold trade? Who is better at making money than investing in spot gold?

How to trade paper gold?

1. Trading mechanism

Paper gold can be traded in both directions, that is to say, it can be bought both up and down, and you can earn the difference as long as you are accurate. Paper gold supports T+0 trading, buy on the same day, and sell on the same day, suitable for short-term investors.

Unlike spot gold, paper gold has no financial leverage, so investors need to trade in full, and investment returns are naturally not as high as spot gold.

2. Transaction costs

The buying price of paper gold in the bank is higher than the selling price, and the difference is the fee charged by the bank.

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3. Trading channels

Paper gold can be traded in banks, and paper gold can be bought and sold through bank counters or mobile banking. Mobile banking is relatively convenient.

Who is better than investing in spot gold to make money?

Spot gold is one of the most popular investment products in the world. It is also a derivative of gold trading, and its trading method is relatively flexible.

Investors who trade spot gold do not need to make full transactions. They only need to submit a deposit to use leverage to enter the market and magnify the transaction funds. The market is open 24 hours, and investors can freely enter and exit the market to do two-way transactions.