WGC - World Gold Council

[SKULL]

I've seen a number of articles either from the WGC or about the WGC's proposed digitization of Gold.

I even downloaded & read the WGC White Paper ( Damn heavy reading full of technical bullshit/gibberish ) which when scrutinized is just a cover for the COLLATERALIZATION OF GOLD !

The latest pushes to get " Safe Haven " Gold into the Financial Markets ( too be played with ) is to " Tokenize/Digitize " Gold. Once Gold is tokenized/Digitized it enters into the " Financial System ". The true aim of this is to suck Gold into the Financial System so that it can be " Collateralized ", then it becomes just another asset to be used & abused by the Big Market Players.

When a Financial Episode ( turns to ) occurs, ur Tokenized/Digitized/Collateralized Gold will just be another " ASSET " to be carved up to the secured creditors. U as & unsecured creditor will be left holding an empty bag

The Big Banks/Financiers/Derivatives Markets are sweeping the World looking for Collateral that they can suck into the Markets to prop up their need to keep expanding

 

[Sandy Gooch]

Well maybe thats the future. It certainly wont be in physical as the chinese and swiss would need to relinquish their bars to be fractionalised. No point mentioning u.s as they are statistically insignificant.

 

[SKULL]

I've seen a number of articles either from the WGC or about the WGC's proposed digitization of Gold.

I even downloaded & read the WGC White Paper ( Damn heavy reading full of technical bullshit/gibberish ) which when scrutinized is just a cover for the COLLATERALIZATION OF GOLD !

The latest pushes to get " Safe Haven " Gold into the Financial Markets ( too be played with ) is to " Tokenize/Digitize " Gold. Once Gold is tokenized/Digitized it enters into the " Financial System ". The true aim of this is to suck Gold into the Financial System so that it can be " Collateralized ", then it becomes just another asset to be used & abused by the Big Market Players.

When a Financial Episode ( turns to ) occurs, ur Tokenized/Digitized/Collateralized Gold will just be another " ASSET " to be carved up to the secured creditors. U as & unsecured creditor will be left holding an empty bag

The Big Banks/Financiers/Derivatives Markets are sweeping the World looking for Collateral that they can suck into the Markets to prop up their need to keep expanding

Another story on the WGC push to digitize Gold ( & presumably Silver if the can get the Gold system up )

“Pooled Gold Interests” (PGIs) is the way they are pushing this. So u would have an "Interest " in a " Pool " of Gold. So unallocated.

In this quote from the article I see 2 words that sends a shiver up my spine, after having watched/read " The Great Taking " those 2 words are " beneficial ownership ", so not true ownership. No, u just have a " beneficial ownership ", which is just another way to say a "claim", but ur claim will be at the bottom of the list of Creditor when the SHTF.

" Legal certainty is critical. Linklaters has drafted a framework ensuring beneficial ownership of the underlying bars sits with PGI holders ".
Link:- https://www.thearmchairtrader.com/commodities/wholesale-digital-gold-gilded-promise-or-fools-gold/