Gold note virtual currency

1. Currency
is the proct of the development of commodity exchange. For example, in primitive society, if there were no surplus procts, there would be no commodity exchange and no currency. Later, the surplus value graally appeared, there was commodity exchange, and it graally developed into a general equivalent (such as shells in the early days, and then metals), and the general representative of all commodity values, namely currency, appeared

paper money
is developed after the collapse of the metal currency system. It belongs to the credit currency, which is independent of the form of money and serves as the medium for the exchange of goods and services

international currency
for this, there is no clear concept, but it can be regarded as performing the function of general equivalent in the international market, which is recognized by the international central bank

Gold
to be exact, it is full value currency, that is, it is currency when it performs monetary function, and it can also be sold as a commodity, and its value is equal when it is used for two purposes. It was an early currency

RMB (as China's standard currency)
is both paper money and currency!

2. Gold is an entity, and its price is determined by supply and demand. The United States and Russia are big gold storage countries. Their actions have a great impact on the price of gold, but the price of gold can be hyped. Last year, when gold was more than US $1032, speculators advocated that gold could be up to 1500, up to 2000, then down to 680, and now up to more than 1000, which has a great impact on the speculation of international speculators
you can set up a banknote printing machine to print banknotes continuously. I think the United States is printing banknotes now, but can you develop gold continuously. Paper money can't be spent, but gold can be mined

3.

From the phenomenon of paper money, at present, all countries in the world do not use gold coins, and paper money can not be exchanged for gold. The legal gold content of paper money is meaningless. It seems that there is no connection between paper money and gold. However, the phenomenon of things can not fully reflect its essence, and sometimes even distort its essence

1. Similarities

the essence of money is general equivalent, which can be exchanged with all commodities; Paper money is a compulsory currency symbol issued by the state. It is the proct of the development of money as a means of circulation. Paper money can replace money to perform the functions of means of circulation and means of payment

the common ground of currency and paper money can be summarized as follows: they are both the media of commodity exchange, and have the functions of means of circulation and means of payment

2. Differences

the essential difference between them is that money is a commodity and has value, while paper money is just a currency symbol, not a commodity and has no value

because paper money is not a commodity and has no value in itself, it can not replace money to perform the function of value measure and storage means, and it can not completely act as the function of world currency

4. The so-called RMB gold is paper gold
"paper gold" is a kind of personal voucher gold. Investors buy and sell "virtual" gold on the book according to the bank quotation. Indivials earn the fluctuation difference of gold price by grasping the trend of international gold price. The trading records of investors are only reflected in the "gold passbook account" opened by indivials in advance, and there is no actual gold withdrawal and delivery
the concept of "paper gold" in foreign exchange: the special drawing right is a reserve asset and accounting unit created by the International Monetary Fund to settle the balance of payments deficit among Member States
paper gold is a kind of virtual gold, and its price positioning is based on the price of a certain kind of gold converted into RMB. The paper gold transaction is a virtual transaction in essence, which can be regarded as a derivative transaction of gold market transaction. The trading records of investors are only reflected in the "gold passbook account" opened by indivials in advance, and do not involve the withdrawal of physical gold. The profit model is to get profit difference by buying low and selling high. Paper gold is actually profiting from speculative trading, rather than physical investment in gold. The domestic market mainly includes paper gold of CCB, ICBC and BOC, among which the service charge of paper gold of ICBC is lower, and the one-sided spread is 0.8 yuan / g. In addition to the common types of gold deposit certificate, gold settlement order, gold draft and large denomination gold transferable deposit certificate, paper gold also includes gold bond, gold account passbook, gold warehouse receipt, gold bill of lading, transaction receipt not yet settled on the same day in gold spot transaction, and special drawing right of International Monetary Fund, etc. All belong to the category of paper gold
hope to help you, hope to adopt, thank you

5. RMB account gold refers to the gold priced in RMB, while paper gold is also the RMB gold price converted from the international gold price. Therefore, the relationship between the two is equal, but the name is different
the paper gold market chart is generally determined by the international gold price, and the international gold price is the price obtained through the game of global investors, and finally converted into RMB gold, which is called paper gold.

6. Gold is a hard currency. The basis of paper money is gold. In any place in the world, except China, gold exchange is the same price. Of course, there are some exceptions in China. China's base currency is the US dollar...

the price of gold bought in China is about 1 / 5 higher than that in the world (including the price in the bank). The price of gold sold is not clear

7.

RMB gold ETF is a gold ETF fund valued in RMB

Gold ETF is an open-end fund that invests most of its assets on the basis of gold, closely tracks the price of gold and is listed on the stock exchange. Chinese domestic investors know little about gold ETF funds, but gold ETF funds are very popular in overseas markets

China Securities Regulatory Commission issued the "Interim Provisions on gold trading open end securities investment funds", which clearly discusses the definition, investment object and operation mechanism of domestic gold ETF

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extended data

advantages of gold ETF

1, easy operation

Gold ETF is traded in the stock exchange. Institutional or indivial investors can buy gold based gold ETF procts directly or through brokers, so that gold can be mixed with traditional asset classes such as stocks and bonds in the portfolio

2, high security

Gold ETF represents the partial and indivisible beneficial right and ownership of the fund, and the physical gold behind it is kept by commercial banks with good reputation. Due to trading in the stock exchange, it is strictly regulated by the exchange, and relying on the advanced trading system of the exchange, the trading is safe and reliable

3, low threshold

for investors, especially indivial investors, the cost of trading gold ETF is far lower than the cost of trading, custody and insurance under the traditional designated gold account. In particular, the trading threshold of 1 / 10 ounces, or about 3.1 grams, is more attractive to indivial investors

4, high transparency

gold trades 24 hours around the world, and the price of gold is open and transparent. The fund trustee calculates the net asset value and other relevant financial information every day, and timely discloses it to investors on its website

source of reference: Internet gold ETF

8. ```Gold... Without
taking out RMB anti-counterfeiting gold wire, it will become a remnant coin and a metal wire that is not gold.
I don't know which kind of bitches started to make rumors first.
there are still people here who say that one hundred rings can be cast.
How can we say such words that harm our motherland?
such people can be punished.
are you right?

9. In general, people always think that gold will not depreciate and has the function of preserving value. People are more willing to believe in the value of gold than the credit of the country. So, if you have as much money in your hand as gold, this currency will have the status of equivalent to gold, at least it seems to be equivalent
it doesn't mean much to lose gold support, because almost all commodities can be used to support currency. For example, the first version of RMB in New China was supported by grain and cotton. Moreover, if the government's credit passes, money only needs the government's credit
RMB is not supported by precious metals, at least legally. The support of RMB mainly depends on the national credit of the Chinese government and China's comprehensive national strength. The support of RMB is different in different periods. However, as far as the nature of measuring national wealth of RMB is different from that of US dollar bonds, RMB does not need to be supported by such things as gold. Therefore, the support of RMB should be China's national credit plus all the wealth that has been proced and will be proced in China.