LONDON, 16 October 2022 - Comment from BullionVault features today in a report from global news and data service Bloomberg on controversial plans to "reform" the global gold bullion market.
"Form and location do matter," says Adrian Ash, director of research at the online gold investment service, commenting on ambitions stated by the mining industry's World Gold Council to introduce a gold-backed token for boosting electronic trading pf physical gold worldwide.
"The [other] problem with any tokenization is you are abstracting the asset, because what you now own is the token."
Read the full story, widely syndicated elsewhere, at Bloomberg here.
A Digital Drive to Reform the $11 Trillion Global Gold Market