[Migraine]

In the "Wouldja Believe" department: here is yet another attempt to disguise big brother's attempt to control your assets. He's your friendly neighbor, just trying to help, eh, what?

[Migraine]

Yep; they get the gold, you get the token. Isn’t that fair?

[KarlInOhio]

How far are we from fractional-reserve gold?

Everything's fine until too many people try to cash in at once.

[jimwatx]

If you don’t hold it you don’t own it. Wasn’t HBSC on the verge of bankruptcy? They’re a sleazy bank I wouldn’t trust them at all.

[ProudDeplorable]

Possession is 9/10th of the law: Nothing beats holding onto the real stuff.

[wny]

if you don’t have the gold...you don’t own the gold....

[aMorePerfectUnion]

PING!

FR Gold & Silver Ping List

(PM me to get on or off)

[PGR88]

Now you can buy a globalist bank “stable coin” based on gold, supposedly held in London by financial cronies of the deep-state

Sign me up!

[eyeamok]

100110011100011000111100100111001010

Look Ma, It’s GOLD!!!

[Nervous Tick]

I’d buy cryptocurrency before I’d buy digital tokens purporting to represent gold in a vault in Londonistan.

And I will NEVER buy crypto.

[glorgau]

Next they’ll be selling options on the tokens and then bundle those up into securities that can be rehypothecated into other financial assets.

And it’s gone (South Park joke).

[Towed_Jumper]

Take note that HSBC has repeatedly been caught and fined by various governments for price-fixing gold prices. What could possibly go wrong with HSBC’s latest “tokenized gold” offering?

[Eagles6]

"generates a permissioned digital representation of clients’ physical gold holdings,”

No, really, it's just as good as the real thing, just lighter. I think I'll pass.🤔

[RetiredTexasVet]

A new way of laundering cartel drug money?