RE: Interesting article15 May 2025 10:26
Gold bars, bank notes, share certificates, bond certificates etc all have serial numbers etched onto them' although not by a world renown artist' - its just a serial number. And you can own these in a real sense - like a pile of £20 notes - or you can virtualise them by placing them into a bank and then using a bank card to purchase against them, and there is a ledger against each transaction, its the BACS system or the CC tokenisation. Also all retailers etc take real notes and virtualised notes in financial trade transactions.
Sorry but whats the difference?
Also buying and selling BTC etc does have a cost - there is a transaction fee attached, its slower than BACS, and if you get ripped off by a bad trade you have no recourse like you do using a credit card and there is no protective governance of structures around these coins - thats why they are used for drugs, organised crime, people smuggling etc.
Call it printable gold art or just call it a number etched onto a small gold coin. Why not?
I dont get the benefit here except for the difference between the real gold price and the commission the issuer charges to make the transaction.
Thanks Blue