Yunnan Investment Management Co., Ltd.

Xixiuyun micro-plate and micro-transactions, this investment platform has been sincerely cooperating with people from all walks of life for mutual benefit and win-win results. It serves new and old customers based on the customer-oriented concept. The Xixiuyun operation center is recruiting members with favorable conditions and telephone number< br/> Payments to the Fund Custodian are made through a Reserved Bullion Account Agreement. According to the agreement, the custodian fee is based on the average daily balance of spot deposited in the and account, calculated daily at an annualized rate, accumulated quarterly and deferred.
. The net value of spot fund shares is greatly affected by spot fluctuations. The fund's net worth is calculated as the value of gold bullion less liabilities including accounts payable.
. Fund shares trading in the secondary market may deviate from their net value. The reason is that spot is usually listed and traded on a certain regional exchange, while the underlying asset spot it tracks is mainly traded in the London and New York markets. The opening and closing times and active trading periods of each exchange are different.
. The fund's sale of spot assets to pay management fees will continue to reduce the net value of each fund share. This is a risk factor that investors should pay special attention to. Spot funds do not generate income, and managers only rely on continuous sales of spot assets to withdraw required management fees. Assuming that spot prices remain unchanged, the net value of fund shares and transaction prices will gradually decrease as the fund continues to sell spot shares.
. The impact of spot sales. The fund custodian sells the spot assets held by the fund as needed, regardless of the current spot price. Because spot funds adopt passive management and do not want to make profits by taking advantage of spot price fluctuations, the fund's spot assets may be sold at low prices.
. The impact of the fund issuance process itself. Spot is based on spot assets. How many fund shares are issued means how many spot gold bars are received into the account opened by the fund at the custodian. In the early stages of fund issuance, authorized members must purchase a large amount of physical goods and deposit them with the custodian in order to subscribe for the fund. This will undoubtedly boost the demand for physical goods and cause gold prices to rise in the short term.