Gold Exchange Service Process

1、 The process of exchanging large amounts of gold

1. Telephone communication, meeting communication, email communication (confirm requirements)

2. Bring the responsible person and operator to Shenzhen for a detailed interview (at your own expense)

3. Confirm the authenticity and reliability of arranging the leader to wait for the order (the end time is uncertain)

4. During operation, resources need to be submitted to the organizer for scheduling (requiring high cooperation)

5. Unified arrangement of fee and commission settlement allocation (negotiated and signed in advance)

2、 The process of exchanging small amounts of gold

There are four ways to convert gold into cash:

1. Bank redemption: Most banks only subscribe to investment gold issued by their own banks and cannot transfer funds across banks for redemption. In addition to the subscription scope, each bank's gold subscription price also varies;

2. Redemption in large shopping malls: Swapping old for new also requires deducting processing costs;

3. Jewelry store redemption: Gold stores provide redemption services, but the price of gold recycling is lower than the international gold price on that day. The same applies to exchanging old for new, but production and processing costs need to be deducted;

4. Pawn company redemption: Prices are widely lowered but can be redeemed upon expiration. According to regulations, pawn companies only provide collateral and cannot engage in repurchase business.

There is a saying in China that goes, "Antiques in prosperous times, gold in troubled times." Therefore, today's gold price still maintains an overall upward trend. In the minds of many Chinese people, gold is still the first investment and safe haven. But do you know how to invest in gold?

In fact, after years of development, there are already many investment varieties in the gold market. What we are more familiar with are: physical gold, account gold (commonly known as paper gold), and gold fixed investment; Professional points include proxy gold exchange gold deferred business, gold ETF fund, gold futures, etc.

Today, we will talk about the misconceptions of purchasing physical gold and the suitable audience for trading products.

Misunderstanding of investment in physical gold

How to invest, I assume it's nothing more than buying gold bars from banks or jewelry stores... Actually, there is a misunderstanding. In my previous opinion, I also believed that buying gold bars and jewelry was a small investment, but in fact, it was not.

Myth 1: Gold investment ≠ buying gold jewelry, and even ≠ buying gold bars.

Industry insiders know that the high processing cost and premium of gold jewelry are heinous. For example, if the price of gold raw materials is 250 yuan/gram, the markup may be 100 yuan/gram or even higher. For example, if you buy a small golden monkey in a jewelry store, it is not surprising that the unit price is 350 yuan/gram, and the merchant's gross profit margin is 20%.

Myth 2: The cost of realizing physical gold is high, which means there may be expensive transaction fees when you need to sell it.

If it is necessary to repurchase, go to the bank and operate with a fully transparent process, there will be no risk of outsourcing.

Myth 3: For pure investment, it is recommended to buy gold bars.

Where is it more reliable to buy? The editor learned that it is generally necessary to go to well-known banks to buy gold bars. Currently, the prices quoted by banks for gold bars are mostly lower than those offered by jewelry stores, and they are more guaranteed in terms of quality. In terms of weight, a "positive tolerance" is generally required.

With the above basic knowledge, there will be no irrational investment behavior such as "the price of gold is rising, and Chinese mothers are frantically grabbing 300 tons of physical gold".