Joint-Stock Banks Push Physical Gold Financial Experts To Remind The Risks.

Gold is seen by investors as one of the best hedge against inflation, but commercial banks' gold products have been limited to paper gold trading and gold products.

As China's aunt's enthusiasm for gold in the past two years has been on the rise, banks have begun to join the team to seize the gold market in kind.

Mistaken idea of financial mismanagement

Will the bank's internal control defects be overdue? Will it be punished? Will the easing policy bring benefits to the banks and the property market? Six investment banks will be fined 2 billion pounds for foreign-related foreign exchange operations. The three quarter will rise 0.89% and 80% respectively.

Effect or past

Recently, a number of banks have launched the innovative financial products of physical gold, and the advertisements advertised by banks are "buying gold bars and producing gold bullion: 50 grams of gold bars, 1 grams of gold per year".

However, such products are very risky in the industry.

Zhang Bin, a dealer in Xin Xin goods, said that such products gave a fixed interest rate of 2% per annualized rate, but the price of gold market fluctuated greatly. In September 23, 2011, gold fell by 6.9% a day. From 2012, the price of gold went down all the way. If customers bought gold in real estate at a high level, they would not only earn less money, but the extent of loss would be much greater than the 2% income given by banks.

Banks push for physical gold financing

It is noted that many banks have launched physical gold financial products.

Among them, the products launched by a joint-stock bank require investors to purchase through the advance payment method at the network counter. Investors fill in and sign the pre-sale business application form, confirm the product specification and the date of delivery, and then pay the price according to the standard integer specification investment gold bar, and get the gold bullion at the expiration date than the standard integer weight.

The customer service told reporters that buying the above gold products within the specifications of 500 grams, the purchase price is the price after the closing price of the Shanghai gold exchange Au9999 plus 9.9 yuan the day before, and the price of the product is above 500 grams, then the closing price plus the price of 8.9 yuan.

After the expiration, investors can choose to sell physical gold and sell it at the closing price of Au9999 on the same day. In addition, banks will also charge part of the selling fee.

The selling point of this product is to give investors 2% fixed income.

For example, the investor pays the purchase price equivalent to 100 grams of investment gold bars and chooses to postpone the delivery. After a year, the corresponding compensation for postponed delivery is 2%, that is, the weight of the gold bullion gained by the customer is increased by 2 grams. Because the weight is not enough to make a gold bar alone, it is combined with the original integer standard heavy gold clause to 52 grams.

In addition, the product is designed for the public to buy gold and then pick up the goods at the agreed expiration date. Therefore, there is no risk of physical gold depository. Investors do not need to spend gold on the storage cost.

Another gold financial product launched by a joint stock bank is that investors are required to buy gold at a fixed amount every month. 100 yuan is the minimum threshold. When the contract expires, it can be exchanged for the corresponding gold bars or cash.

The investment method adopted a monthly fixed investment way, the purchase price is relatively average, and dispersed the risk of gold price fluctuation.

As the first commercial bank to obtain a full licence of precious metals business, Ping An Bank has made a bigger layout in its gold products.

Ping An Bank announced in Shanghai that its new online gold business platform, "golden bank", is the first online gold management platform that integrates gold trading, payment, financing and financial management for the first time.

The "gold bank" takes the gold account as the carrier, and after signing the gold account agreement with the Ping An Bank, it can deposit the gold assets held in the gold share in the form of gold shares and manage the gold accounts through the online platform.

The gold pactions, storage, purchase, exchange and extraction business that customers are most exposed to can be realized in the account.

What is particularly noteworthy is that the gold bank can directly purchase financial services with gold shares, making the liquidity of gold stronger.

The gold savings account launched by Ping An gold bank is similar to that of RMB savings account. Customers can use the gold demand or fixed deposit function to get corresponding income after maturity.

The gold account supports the function of gold reserve to adjust the rate of return with the actual storage period. The longer the deposit period, the higher the yield.

Proceeds are directly distributed to customer accounts in the form of gold shares, that is, "gold deposits and gold deposits".

Face up to the risk of gold financial products

Unlike traditional banking products, gold products are not for everyone to buy.

Take the products of the first bank as an example, although the bank gives investors 2% of the fixed income, but for investors, the change of buying price and selling price is the key to gain profits.

Zhang Bin, a dealer in Xin Xin commodities, said that the price of gold fluctuated greatly, though the leverage of bank products was small, but the risk should not be underestimated.

In September 23, 2011, gold prices fell by nearly $6.9% a day, or 120 US dollars.

As for 2013, in January 2, 2013, the price of gold was 1684 US dollars per ounce, and December 31st price was US $1209 per ounce, with an annual decline of 28%. If we buy gold at a high level, even if bank fixed income is added, investors will still suffer heavy losses.

According to the reporter, at present, a number of banks have gold deferred business.

The business uses margin trading to reduce the cost of capital occupation by leverage effect and increase investment efficiency. The domestic level is generally five times leveraged, and the business can be short and flexible.

In the introduction of gold "t+d business" in a big state-owned bank, investors are positioned as individual customers who are interested in investing in gold and have high risk tolerance.

A customer manager of the bank said that the higher risk tolerance means that customers need to at least reach the risk tolerance of R4 (growth type).

"Investors who are accustomed to buying bank financial products will be very uncomfortable in doing Chr (34) t+d business Chr (34). Chr (34) gold deferred Chr (34) has leveraged pactions, and leverage pactions have surplus and deficit amplification functions, so fund management is particularly important. Once a little heart is heavy, it will burst out, and of course, on the contrary, it will make huge profits, which requires investors to have some knowledge of gold," Zhang Bin said.