Dear Reader, According to Mining.com: ‘Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year.’ And if gold does enter a strong bull market, some investors are going to be playing it in a completely new way. New game gold — gold held on the blockchain — is here. It is going to introduce traceability and trackability that wasn’t there before. It is going to solve problems that have plagued gold investors for centuries — like storage, transportation and outdated middlemen who take their cut and require your trust. Perhaps most importantly… Tokenised gold also means fractionality. Meaning you can own and transact with just nanograms of a gold bar. Blockchain tech has the ability to identify the ownership chain of every ounce of gold in existence. Currently, there is the suspicion that one ounce of gold is owned by multiple parties and this opaqueness is helping to keep the price down. That’s one of the powers of bitcoin. It cannot be played with by the old money system and there is true price discovery happening. This same power is being transferred to the gold market. Aurus, for instance, is a UK-based company pioneering gold tokenisation with its AurusGOLD [AWG] offering. Basically, you’re buying blockchain gold: audited, and stored in accredited vaults. And you don’t need to be a high-net-worth investor. You can buy in micro amounts. And every micro-ounce you own can be tracked in real time. Closer to home, we have another new game gold pioneer: the Perth Mint Gold Token, or PMGT. The Perth Mint has teamed up with an outfit called Trovio to mount its gold certificates on the Ethereum blockchain. As our friends over at Capital & Conflict put it: ‘We finally have a quasi-state-backed gold cryptocurrency… ‘This last bull run in crypto saw the rise of De-Fi, or decentralised finance — borrowing, lending, and everything in between without requiring a bank in the middle. Now that gold can be added to that mix…’ This is the future that awaits gold (and other metals) when the new money system technology starts to be implemented. If you want to know more about adding tokenised gold to your portfolio — before gold starts a potential move to $3,000 an ounce or higher — read this new research now. Regards, Greg Canavan,
Editor, New Money Investor | 