Is it legal to buy or sell gold?

How much can everyone buy from the tax exemption to buy gold?

5 thoughts on “Is it legal to buy or sell gold?”

  1. Personal trading gold is illegal.
    In the "Regulations on the Management of the People's Republic of China"

    Article 31
    The violation of the following behaviors of these regulations, according to the severity of the circumstances, the administrative administrative of the People's Bank of China and the Business of Industry and Commerce, respectively The management organs and customs shall be punished in accordance with their respective duties:
    (1) In violation of Article 8, 9, 10, and 11 of these regulations, if they purchase, sell, exchange and retain gold and silver without authorization shall be shared by the Chinese people. Banks or industrial and commercial administrative agencies are forced to acquire or depreciate. If the circumstances are serious, the administrative authority of the industrial and commercial administration may be fined, or the single is confiscated.
    For violations of Article 8, 9, 10, and 11 of these regulations, the administrative authority of the industrial and commercial administration may revoke another business license.
    (2) In violation of Article 13 of these regulations, if it is privately melted, destroyed, and possesses unearthed gold and silver, the People's Bank of China is recovered by the Chinese People's Bank of China or a fine of the industrial and commercial administrative authorities.
    (3) If the provisions of Article 17 of these regulations change the use of use or transfer gold and silver raw materials without authorization, the People's Bank of China will warn or recover the gold and silver that has been sold. If the circumstances are severe, the fine is punished until the supply is stopped.
    (4) The provisions of Article 19, Twenty, Twenty -one, Twenty -two, and 23rd in violation of these regulations, if they are not approved, or change their business scope without authorization, Those who deduct gold and silver shall be fined or confiscated by the industrial and commercial administrative authority. If the circumstances are serious, they can be revoked and ordered to suspend business.
    (5) In violation of Article 7 of these regulations, if the use of gold and silver is used, privately, and borrowed mortgages shall be forced to acquire or depreciate by the People's Bank of China or the administrative authority of the industrial and commercial administration. If the circumstances are serious, the administrative organs of the industry and commerce shall be fined or confiscated.
    (6) In violation of Chapter 5 of these Regulations, if the management regulations on the management of gold and silver entry and exit or using various methods to steal gold and silver exit, the customs shall be handled in accordance with these regulations and national customs regulations.
    (7) If the provisions of Article 14 of these regulations shall be collected by the People's Bank of China. The person in charge of direct responsibility shall be investigated for administrative responsibilities.
    32
    The violation of these regulations and if a criminal act has constituted a criminal responsibility in accordance with the law.
    Extension information: According to the "Regulations on the Management of the People's Republic of China"
    The management of gold and silver acquisitions

    The acquisition of gold and silver Bank processing. Except for the People's Bank of China, any unit or individual may acquire gold and silver.
    r r r Factory and mining enterprises, rural society, troops, and individuals engaged in gold and silver production (including mineral production and smelting by -production by -production), and all of them must be sold to the People's Bank of China , Do not sell, exchange and reserve it by yourself.
    Surging in production units listed in the preceding paragraph, the gold and silver and semi -finished products in the production process must be strengthened in accordance with relevant regulations, and they must not be sold and handled privately.
    The
    Ifs to encourage operating units and units using gold and silver to recover gold and silver from the mineral species of gold and silver and gold and silver containing and silver.
    The units listed in the preceding paragraph must sell the recycled gold and silver to the People's Bank of China, and must not be sold, exchanged and reserved by themselves. However, the units using gold and silver by the People's Bank of China have re -used the recycled gold and silver.
    1
    If domestic institutions imported from foreign countries imported from abroad and the use of by -production gold and silver by the mineral products, in addition to being allowed to be reserved by the People's Bank of China or in accordance with regulations Outside of gold and silver, it will be sold to the People's Bank of China, and shall not be sold, exchanged and reserved by themselves.
    The Article 12
    The individual selling gold and silver and must be sold to the People's Bank of China.
    The Article 13
    The unearthed gold and silver, all of which are owned by the country, and no unit or individual may melt, destroy or possess.
    The unearthed gold and silver discovered by the unit and individuals. After being identified by the local cultural administrative department, in addition to the historical cultural relics value, in accordance with the provisions of the Cultural Relics Protection Law of the People's Republic of China In exchange, the price is paid.
    The
    The gold and silver confiscated by state organs such as public security, justice, customs, industry and commerce administration, taxes, etc., will be sold to the People's Bank of China according to law, and shall not handle it by themselves or replace them with other real objects. The confiscated gold and silver price shall be paid in accordance with relevant regulations.
    Reference materials Source: Baidu Encyclopedia- "Regulations on the Management of the People's Republic of China"

  2. legitimate.
    The method of participating in gold trading transactions is very many, roughly divided into three categories:
    1. Bank paper gold transactions
    advantages: security, convenience, easy to get started suitable for novice investment.
    Disadvantages: No real object intervention, but only voucher wealth management products, cannot be exchanged for physical gold. High handling fees, errors in quotes and international prices, can not be short, and have no leverage amplification.

    2. Golden TD electronic disk transaction:
    advantages: moderate handling fees, relying on international quotation to match transactions, you can do more short and two -way transactions.
    Disadvantages: can be exchanged for physical gold, the transaction time is short, only 10 hours a day, suitable for masters to advance. At present, domestic only supports Shanghai Gold Exchange.

    3. Spot gold (London Gold) Transaction:
    advantages: low handling fee, 24 -hour transaction, international quotation, two -way transactions.
    Disadvantages: Due to abroad, it is very difficult to exchange physical gold. The leverage is too large, and there is a risk that funds need to be remitted abroad. It is only suitable for people with certain investment experience to trade.

    4. Gold buying and selling transactions:
    Advanced: In addition to investment, it can also avoid danger and maintain value.
    Disadvantages: higher fees, traffic charges and storage fees, not easy to realize; costs will move hundreds of thousands, millions. You can only buy up, not to buy down. The delivery process is cumbersome.

    In comprehensive perspective: the first three are electronic disk transactions, that is, online buying and selling gold, and the fourth type is physical trading. It is recommended that investors can choose the first two types as investment and novice paper gold as the entry. After there is a certain trading foundation, engage in gold TD transactions.

  3. Yes.
    Mee gold has a strong value -preserving financial attribute, since ancient times, it has been a hard currency. It has been strictly controlled by various countries as financial products, and gold is the basic reserve financial product of various countries and the foundation of the currency of a country. Since the founding of the People's Republic of China, my country's personal transactions have been strictly controlled by the personal transactions of folk gold, especially the import and export of gold. After the 1980s, the economic recovery and the changes in the world currency pattern have gradually relaxed my country's control of gold transactions. Today, gold transactions have been fully market -oriented, and personal transactions are completely protected by law. Even more legal.

  4. 1. Bank paper gold transaction
    advantages: safety, convenience, easy to get started suitable for novice investment.
    Disadvantages: No real object intervention, but only voucher wealth management products, cannot be exchanged for physical gold. High handling fees, errors in quotes and international prices, can not be short, and have no leverage amplification.

    2. Golden TD electronic disk transaction:
    advantages: moderate handling fees, relying on international quotation to match transactions, you can do more short and two -way transactions.
    Disadvantages: can be exchanged for physical gold, the transaction time is short, only 10 hours a day, suitable for masters to advance. At present, domestic only supports Shanghai Gold Exchange.

    3. Spot gold (London Gold) Transaction:
    advantages: low handling fee, 24 -hour transaction, international quotation, two -way transactions.
    Disadvantages: Due to abroad, it is very difficult to exchange physical gold. The leverage is too large, and there is a risk that funds need to be remitted abroad. It is only suitable for people with certain investment experience to trade.

    4. Gold buying and selling transactions:
    Advanced: In addition to investment, it can also avoid danger and maintain value.
    Disadvantages: higher fees, traffic charges and storage fees, not easy to realize; costs will move hundreds of thousands, millions. You can only buy up, not to buy down. The delivery process is cumbersome.

  5. If you follow the law, you'd better not trade privately, and any commodity transaction is best to pay taxes to the country.
    but for many things, you will not be so meticulous in private transactions. For gold transactions, it is also valuable. If there is controversy, it is difficult for the country to provide you.

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