Emergency stop precious metal account opening six banks at the same time! Why?

category:Finance
 Emergency stop precious metal account opening six banks at the same time! Why?


Reporter: after the suspension, when will it resume? Is there an approximate time?

China Merchants Bank telephone service:

We havent been informed when to resume.

CCTV reporters noted that a number of banks said in the announcement: in addition to suspending the opening of new accounts for precious metal business of their own accounts, they will also suspend the signing of accounts for precious metal trading business of Shanghai gold exchange.

Analysts believe that, different from investors who participate in gold futures and options trading, investors in precious metal business of commercial bank accounts generally have weak risk awareness and relatively poor risk resistance ability. Therefore, it is beneficial to protect investors to stop opening new accounts for precious metal transactions.

Liu chongna, researcher of precious metals of Founder medium term futures: the customer groups that banks are facing are more likely to pursue low-risk and low-income. This year, the price of precious metals has fluctuated dramatically, not the low-risk and low-income customers want to pursue. If customers still want to participate in the trading of precious metals in the future, they can choose other ways to participate according to their risk tolerance, such as participating in gold ETF, gold futures and gold options. (editor Wang FA) source: CCTV news client editor: Chen Hequn_ NB12679

Liu chongna, researcher of precious metals of Founder medium term futures: the customer groups that banks are facing are more likely to pursue low-risk and low-income. This year, the price of precious metals has fluctuated dramatically, not the low-risk and low-income customers want to pursue. If customers still want to participate in the trading of precious metals in the future, they can choose other ways to participate according to their risk tolerance, such as participating in gold ETF, gold futures and gold options.

(editor Wang FA)