What is a paper gold?

Paper gold-gold account is personal, it's similar to offer foreign exchange business, that is, in accordance with the international gold market to carry out the volatility of the offer, customers can grasp the market to buy high-low throw, making the difference. Title gold paper gold can document that refers to all the gold held by only a property certificate, rather than physical gold, gold with all of this certificate may at any time extraction of gold at the disposal or in kind, the gold certificate on the property that was That the paper gold. To determine the date of delivery is the gold futures contracts, or at any time of delivery can be sure of the date of delivery is the gold spot contracts, such as gold, and so on a single warehouse. In addition to paper gold of the common types of savings deposits of gold, gold settlement orders, bills of exchange of gold, gold, which are denominated negotiable certificates of deposit, but also include gold bonds, gold passbook accounts, gold warehouse alone, bills of lading of gold, gold spot trading day The settlement has not a single transaction, and the International Monetary Fund special drawing rights, and so on. Are areas of paper gold. Paper gold transactions have the following characteristics: 1. In the gold market on the use of paper gold trading in the gold trade can save essential custodial fees, storage fees, insurance, appraisal fees and transportation fees, expenses and lower gold price in additional costs and increase gold in Market competitiveness. 2. Paper gold transactions to speed up the flow of gold, the gold market to increase the speed of transactions