Precious metal
Precious metals, such as gold and silver, have been traded as money or commodities for 300 years.
These products are traded on COMEX. The quote you see is the real-time market price. COMEX was formed in 1933 from the merger of four commodity exchanges at the time: the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Raw Hide Exchange. On August 3, 1994, COMEX merged with NYMEX (the New York Mercantile Exchange) to form the current NYMEX, the world's largest Commodity Exchange.
Today, gold and silver are frequently traded and considered "safe" investments.
Historically popular, gold has risen in times of economic distress or global economic turmoil because investors see it as a "safe haven" for their money. If you look at the long-term trend, the price of gold has risen steadily. Gold soared in late 2007 and 2008 on fears that the credit crunch was causing investors to seek safety for their money. Gold continued to rise, reaching more than $1,900 an ounce in 2011.
Gold's role as a safe asset, in addition to its value, has led to a surge in trading volumes and record prices.
Metal pricing gold point is $0.01, conventional point spread is $0.44, 1 hand gold 100 oz; The silver point is $0.001, the regular point difference is $0.04, a hand of silver 1000 oz; A copper point is $0.0001, a regular point difference is $0.0015, and a hand of copper is 25,000 pounds
Main products and symbols
| Gold =XAU | Silver =XAG |
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Gold and silver are the main components of money and have been traded since ancient times. Gold and silver are regarded as standard instruments of value. The silver standard is a monetary standard in which the basic organization of money is defined by quantitative silver. The silver standard became popular until the 19th century, when it was replaced by the gold standard. The gold standard works the same way as the silver standard, except the measure changes from silver to gold.
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But there are drawbacks to the gold and silver content, not least the fact that they can trigger cyclical downturns. Eventually both the gold standard and the silver standard were replaced by banknotes and coins. Although gold and silver are no longer traded in modern times, they are still highly valued and become the most valuable speculative commodities.
Why trade in precious metals
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Two-way operation, two-way profit. Both long profit (when the market is bullish, low buy open position, high sell close position), but also short profit (when the market is bearish, high sell open position, low buy close position). So if you do the right direction, you can make money regardless of price rise and fall. Relative to the stock, there is no limit to rise and fall, no dealer control. There is a stop-loss mechanism (you can modify the dots at any time to reduce risk, you can set up a stop-profit fixed income).
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T+0 trading rules:Allows day closing and allows investors to trade multiple times.
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Leverage of funds:Make use of the leverage principle and place orders through margin mode to improve the utilization rate of funds and lower the trading threshold.
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Synchronous quotation:Global synchronous quotation, directly based on the United States NYMEX (New York Mercantile Exchange) instant quotation system as the trading basis, price in dollar ounces, fast and intuitive.
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Trading hours:The 23-hour trading period, which covered the highest volume European session and the Americas session, added profit opportunities. The trading time is easy and the trading method is convenient. It is not in conflict with the working time and place. It is especially suitable for the working people.
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Method of transaction:Trading is quick and convenient, simple and easy to learn. Customers mainly use online trading systems to place orders, and RFI also offers mobile and web trading platforms.
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Open market:Spot gold market open to the world, high transparency, it is difficult to emerge makers. Price movements are less artificial, more analyzable and less risky overnight.
- Specific varieties:You don't have to pick through thousands of stocks like you pick stocks.
