5 thoughts on “How to replace gold with cash”

  1. 1. The mall is fulfilled: only the old replacement can be charged for processing fees. The so -called old -fashioned new chain is to discount the old chain according to weight and other amounts to replace the products of its own counter. BOC in the same store does not accept other brands of exchange.
    2, Golden Store Completion: You can bring gold to the corresponding recycling point for recycling. It should be noted that the general gold recovery point is powerful, it is best to bring professional people.

    3, the pawn line was fulfilled: the price is generally lowered but the expiration can be redeemed. Recycling, the rate is 4%, the decoration gold and investment funds are the same.
    The acquisition of gold and silver in accordance with the "Regulations on the Management of the People's Republic of China", which is handled by the People's Bank of China. Except for the People's Bank of China In addition to permission and commission, no unit or individual may acquire gold and silver.
    Article 12: Individuals sell gold and silver and must be sold to the People's Bank of China.
    They are owned by the state, and no unit or individual shall be melted, destroyed or possessed. The unearthed gold and silver discovered by the unit and individuals is identified by the local cultural administrative department. In addition to the regulations, it must be handed over to the People's Bank of China to collect the exchange and pay the national treasury on the price.
    extension information:
    When investors purchase physical gold in the channel, their prices are often higher than the market price, but they sell The price is lower than the market price. The difference in sales and selling is the transaction cost of investing in gold, and this transaction cost is often easy to be ignored by investors.

    The units that need to use gold and silver must submit a plan to applying for the use of gold and silver to the People's Bank of China in accordance with the regulations, and the People's Bank of China should be approved and supplied.
    The foreign -funded enterprises, Chinese and foreign joint ventures, and foreign companies in the people's Republic of China, or foreign companies, or investing in gold and silver products or processing other gold and silver products, requiring those who supply gold and silver in China must apply in accordance with the prescribed procedures. The People's Bank of China is supplied by approval.
    Article 17 units using gold and silver must establish a use system and strictly use special use and balance. Half-finished product) Transfer or move for him.
    Reference information Source: Phoenix.com-Demystuming Six Monster Persons: Tongdian and the same chain change current price difference 4500
    Management Regulations

  2. 1. Credit of banks
    This do not make gold decorations, only the investment -type gold bars issued by the Bank of China, the recycling price is performed at a depreciation fee of 2 yuan/gram of the real -time gold price of the day.
    2, the mall is fulfilled
    The processing fee can only be charged with the old replacement, and the old chain is about to be discounted to a certain amount according to the weight of the weight to replace the products of its own counter.
    3, Golden Store Credit

    The service provided by the cash, but the price of gold exchanges is lower than the international gold price on the day, and it also supports the old replacement, but the processing costs are charged.
    4, the pawn line is fulfilled
    The price is generally lowered, but it can be redeemed at its expiration. It is recycled below the market price. The rate is 4%.
    Extension information

    The relevant situation of gold monetization
    According to the "Regulations on the Management of the People's Republic of China", as follows:
    1, eighth
    gold gold The acquisition of silver is handled by the People's Bank of China. Except for the People's Bank of China, any unit or individual may acquire gold and silver.
    2, Article 22
    The commissioned or selling stores shall not acquire or consignment of gold and silver products, gold and silver equipment. Jewelry stores can acquire jewelry jewelry with gold and silver inlaid for export sales, but they must not acquire or sell gold and silver products and gold and silver equipment. Gold and silver products are acquired by the People's Bank of China and are responsible for foreign trade exports.
    Reference information Source: Phoenix.com-Demystuming Six Monster Plains: The same chain change current price difference is 4500

  3. 1. Credit of banks: The bank does not make gold trimming, only the investment -type gold bars issued by the Bank of China, the recycling price is implemented at a depreciation fee of 2 yuan/gram of the real -time gold price of the day. Most banks only repurchase their own investment gold bars, and they cannot be cashed across the bank. In addition to the restrictions on the scope of repurchase, the gold repurchase prices of various banks are also different.

    2, mall to be fulfilled: only the old replacement can be charged processing fees. Without accepting other brands of exchange, Chow Tai Fook, Zhou Shengsheng, etc. do not provide gold exchanges or casual services.
    3, Golden Store Completion: Gold Store provides a casual service, but the price of gold exchanges is lower than that of the international gold price on the day, and it also supports the old replacement, but the processing costs are charged.
    4, the pawn line was fulfilled: the price is generally lowered but the expiration can be redeemed. For 4%, decorative gold and investment funds are the same.
    The expansion information At present, the market not only does not provide gold bar repurchase business, but most banks only recover their own gold. China Merchants Bank's investment gold bar price is the lowest, which is 345 yuan/gram, but China Merchants Bank is also one of the few banks that do not provide gold repurchase business. The purchase price is mostly the gold spot price of the Golden Institute on the day of the Gold Institute, but the above banks only repurchase the gold bars sold by the Bank.
    When investors purchase physical gold in the channel, their price often has their prices often. It will be higher than the market price, but the price of the selling is lower than the market price. The trading difference is the transaction cost of investing in gold, and this transaction cost is often easy Investment in gold bars, and repurchase by the same bank is the most saving way for investment costs, but the selling price and recycling price of various banks are slightly different. Strange image: The current price difference between the same chain is 4500

    Reference materials Source: Baidu Encyclopedia-Gold Recycling

  4. 1. Guohua Shopping Mall itself repurchase itself, but it needs to pay a fee of 2 yuan, plus the 10 yuan handling fee at the time of purchase, the cost of purchase actually increases by 12 yuan, and the profit will be relatively low. Similar recycling, Caihongkou Department Store also has it, but it is only replaced by the old and cannot be realized;
    2, the recycling of pawn, different pawn banks will have different recycling prices, about 115 yuan to 135 yuan/gram;
    3, the black market transaction, the price of black markets is generally high, above 140 yuan/gram, but beware of being deceived;
    4, bank repurchase, but only repurchase Gaussor gold bars, not universal.

    The expansion information:
    The price of gold before the 1970s, the price of gold is basically determined by governments or central banks, and the international gold price is relatively stable. In the early 1970s, the price of gold was no longer directly linked to the US dollar, and the price of gold gradually became market -oriented, and the factors that affected the changes in gold prices were increasing. Specifically, it can be divided into the following aspects:
    1, supply factors; r
    , for example, the central bank's gold selling: Central Bank is the biggest holder of gold in the world. In 1969, the official gold reserves were 36,458 tons, accounting for 42.6%of all the golden stocks of the surface at that time. In 1998, the official gold reserves were about 34,000 tons. It accounts for 24.1%of all the gold stock of mining. Calculated by production capacity, this is equivalent to 13 years of world gold ore production.
    2, demand factor;
    changes in the actual demand (jewelry, industry, etc.). Generally speaking, the development speed of the world economy determines the total demand of gold. For example, in the field of microelectronics, gold is increasingly adopted as a protective layer; in the field of medicine and architecture, although the advancement of science and technology has made gold alternatives continue to continue It appeared, but gold still showed its demand for its special metal properties.
    3, other factors.
    The monetary policy in various countries is closely related to international gold prices. When a country adopts a loose monetary policy, due to the decline in interest rates, the country's currency supply increases, increasing the possibility of inflation, which will cause gold prices to rise.
    . For example, the low interest rate policy in the United States in the 1960s prompted the outflow of domestic funds, and a large amount of US dollars flow into Europe and Japan. Due to the increase in net positions held by the US dollar in various countries, there is a concern for the depreciation of the US dollar. The purchase of gold and eventually led to the disintegration of the Bretton Forest system.
    Reference materials Source: Baidu Encyclopedia_ Gold Price

  5. Gold can indeed be exchanged for cash except for the old replacement. However, the price of exchange is uncertain, and the price of gold exchange is determined by the change of the Shanghai Gold Exchange every day every time.
    The exchange procedure is as follows: If the gold jewelry purchased by this store, the holding invoice can be charged 15 yuan per grade on the basis of the day. Leave a handling fee of 25 yuan per gram on the basis.
    It before the exchange, the product needs to be inspected. If it is tested, the color difference can not participate in the exchange.
    In general, gold jewelry is difficult to maintain value, and the value of thousands of gold and PT950 is relatively stable.
    Golden business units such as gold specialty stores and banks have repurchase business, but they have recovered that the gold discounts sold at home are relatively small. Insurance-Fulfu, get the number of grams, and then determine the price per gram based on the price of the Shanghai Gold Exchange on the same day, and then take the total number.
    Extension information:
    Plip repurchase
    The market is dim, the price of gold has plummeted, and the news of "Chinese aunts is stuck" is overwhelming. The miserable quilt depth is as high as 28%. Based on the price of June 28, 2013.
    The weekly return price of the Great Fook Investment Gold Bar is 235 yuan per gram, and the gold bar offer was 315 yuan per gram on the same day, which means that there is already a labor price difference of 80 yuan when purchasing. Therefore, consumers who bought before should be profitable as an investment.
    If the status quo of the market, most consumers buy gold ornaments, and they are not suitable for investment. Therefore, for the "quilt" of Chinese aunts, many people inside and outside the industry have denied views.
    The industry opinion: Long -term investment short -term rise and fall have little effect.
    It analysts column said that Chinese aunt is a consumer of retail investors, and the amount of individual purchases is not large. Turning to saturated, and most consumers buy gold ornaments, the practical function is far greater than the investment function. At least one year is held for a long time. Most people intend to pass it to their children and collect them at home. There is the saying "quilt".
    Reference materials: Baidu Encyclopedia-Gold Repurchase

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