Hello everyone, in our previous article we shared "The price of gold has fallen. Is now a good time to buy gold?", which analyzed in detail the influencing factors of gold prices and the reasons for their rise and fall.
Having said this, you may be eager to try buying some gold. However, there is a very important question: What is suitable to buy when investing in gold, and how to buy it specifically?
Today, I will tell you in detail what methods there are to invest in gold, as well as the characteristics of different methods.
1. Buy gold bars
This is the inherent thinking of many Chinese people investing in gold.
In terms of price, because the style is simple and crude, and there are no processing fees and other additional fees, gold bars are indeed much cheaper than gold jewelry in gold stores. Generally, the base price of the gold exchange day plus about 10 yuan.
But since it is physical gold , it will inevitably be in a state of wear and tear, and it will be discounted when recycled in the future. If you go to a gold store to buy investment gold bars , even if the price of gold rises in the future, the gold store will keep the price very low when recycling the gold bars. If you purchase physical gold at a bank, even if a bank is willing to recycle it in the future, the appraisal fee will still have to be paid by the customer.
In addition, because it is physical gold, if you buy a lot, it will definitely not be safe to store at home. You will need to buy a safe or rent a bank safe. I probably inquired about the rental price of a bank safe. The smallest size costs about a few hundred yuan a year, and the largest size costs about a few thousand yuan. As a result, the cost of holding gold has gone up again.
Therefore, if you look at gold bars purely as an investment product, the price/performance ratio is not high. Investment in physical gold bars is optional, but not recommended.
2. Buy gold jewelry
When it comes to buying gold, many people think of the "gold jewelry" in gold stores. If you have your own needs, such as buying it for yourself or as gifts for relatives and friends, then of course there is no problem buying it.
But if it is for investment purposes and you hope to make money by selling it after the price of gold increases, it is not so cost-effective.
Mainly because there is a cost to casting gold into beautiful jewelry. First of all, the processing fee is relatively expensive; in addition, the rent of these gold stores is not cheap, and the costs other than the gold itself also require us consumers. To bear it.
silently calculated that the price of gold in general gold stores is about 50-70 yuan more expensive per gram than the standard spot gold price on the gold exchange.
Moreover, the texture of gold itself is relatively soft, and bumps and wear are always inevitable under normal wear. The 200 grams of gold jewelry you buy today may only have more than 190 grams left in a few years. In this way, gold shrinks when it comes in and out, which means that the cost of investment becomes higher again.
Moreover, most gold stores only support the exchange of gold jewelry and do not accept buybacks. Once you buy it, it is difficult to ask the store to buy it back.
Therefore, if you use gold jewelry as a means of investing in gold, the costs are relatively high, the profit margin is very small, and the overall risk is relatively high, so it is not recommended.
3. Investment in gold coins
There are also gold coins, which are also an investment choice that many people like. Especially before the Spring Festival every year, you will see people queuing up in front of banks to buy gold coins.
In addition to being used as gold to preserve value, gold coins also have collection value, especially those commemorative gold coins with fine workmanship and exquisite patterns, which have both appreciation and commemorative value.
Among all the commemorative gold coins , the relatively most valuable one is the panda gold coin . China's Panda Gold Coin, the American Eagle Gold Coin, the Canadian Maple Leaf Gold Coin, the South African Kruger Gold Coin, and the Australian Kangaroo Gold Coin are known as the world's top five investment gold coins and have high collection value.
However, from the perspective of investment realization, gold coins of different themes vary greatly and are not so reliable. The high additional value makes it difficult to transfer gold coins. If you plan to collect gold coins, you must be mentally prepared for a backlog of funds (which will be difficult to liquidate).
Otherwise, if you are eager to sell due to financial constraints, it will naturally be difficult to sell it at a good price.For example, the Panda gold coins issued in recent years often only fetch a gold price in the end.
Therefore, investing in gold coins is usually not as good as imagined.
In summary, from an investment perspective, choosing physical gold, whether it is gold jewelry, gold bars, or gold coins, is not an ideal choice.
4. paper gold
Next, I will introduce to you an investment product that is easier to operate and has lower transaction costs - bank paper gold.
When you see the words "paper gold", are you a little curious: Why is it called paper gold?
Because what we buy is not real gold, but gold on "paper".
The so-called paper gold refers to accounting gold. Investors can buy and sell gold by opening a gold passbook account in the bank in advance and depositing a sum of funds. All its transaction information is recorded in this gold account. There is no physical delivery, no need to store gold, and no cost of realization. Investors only need to buy and sell "virtual" gold on the book according to bank quotations, and grasp the trend of international gold prices. Earn the difference on gold price fluctuations.
To put it simply, the bank has opened a virtual gold trading field: the bank quotes prices based on market conditions and conducts transactions with our investors. In other words, whether we buy or sell, we are all dealing with the bank. Among them, the bank provides us with this transaction method, so it will charge a certain price difference as transaction fee .
For example:
When you want to buy a piece of paper gold, the bank will record a sum of money on your account. If the price of gold rises in the future and you prepare to redeem it, the bank will have to pay the difference.
If you want to invest in paper gold, the steps are very simple. Many banks have paper gold business (the name may not be directly called "paper gold", but the functions are similar). You can log in to their online banking or mobile banking account and open the corresponding business, and you can operate it.
For example, when we open the mobile APP of a certain bank, there is [Precious Metals] business. After opening the corresponding investment permissions, click to enter [ account precious metals ], which is the so-called paper gold, and you can see the transaction interface and make investments.
Simply put, paper gold has the following advantages:
First, the threshold is not high: its trading starting point is 10 grams of gold (the starting point of some banks' trading is 1 gram of gold).
Second, long trading time: adopt a 24-hour uninterrupted trading mode, and can trade continuously from 8:00 a.m. on Monday to 4:00 a.m. on Saturday, which is a long time.
Third, good liquidity: With a bank as the counterparty, you don’t have to worry about not being able to sell.
Fourth, saving on transaction costs: paper gold trading is the ownership of gold and does not require the extraction of physical gold. It can save storage fees, transportation fees, etc. caused by physical transactions, greatly reducing the additional costs incurred by transactions.
In addition, paper gold trading is a margin-free transaction , which can only be bought up, not down . In other words, investors can only use sufficient funds to buy the same amount of gold, and sell it after the gold price rises. Earn profit from the price difference.
In short, paper gold is regarded as one of the most convenient ways to invest in gold. But our last article also introduced that there are many factors that affect the rise and fall of gold, and it is a very complex trading variety. Therefore, investors should also be careful not to blindly follow market fluctuations in and out frequently.
In addition, since paper gold is not "physical" gold, but a "virtual" gold transaction, it generally does not support exchange for physical gold. If you have the need to exchange for physical gold, this variety is not suitable.
5. Gold ETF Fund
In addition to the above methods, if you want to invest in gold, there is another good choice for worry-free investment, and that is the gold EFT fund.
Seeing this, many friends may be a little confused: What is ETF? You can recognize the letters E, T, and F just by looking at them, but you don’t know what they mean when they are put together [呲呲]
In the past few years, ETF funds have been a very popular investment product, and many have been issued. Few new products.
Gold ETF is a new investment option in the gold market in recent years. Compared with other gold investment products, its advantages are very obvious. It not only has higher liquidity, but also has low threshold and low cost. More importantly, its investment participation method is more convenient.
But when it comes to the specific introduction, it cannot be explained clearly in a few sentences. In the following articles, the knowledge related to gold ETF will be introduced in detail. Welcome to read.
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