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03.11.26 - 05:00
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Tokenised gold bar to advance Hong Kong′s ambitions as digital, metal trading hub (SCMP)
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Hong Kong's plan to start an interbank tokenised gold transaction project marks a crucial step in its quest to make itself a key global hub for the strategically important precious metal, according to analysts.
The city planned to launch a gold token representing a standard 400-ounce gold bar, referencing HAU, Hong Kong's ticker for gold prices launched earlier this year, said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu during the annual Fintech Week event on......
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03.11.26 - 01:03
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97-Year-Old Sues ′Toy Story′ Star Over 58% Gold Markups As Bankrupt Dealer Owes Customers $49 Million (ZeroHedge)
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97-Year-Old Sues 'Toy Story' Star Over 58% Gold Markups As Bankrupt Dealer Owes Customers $49 Million
A 97-year-old La Jolla man and his 85-year-old wife say former Disney star Erik von Detten talked them into putting $2.15 million of their retirement savings into overpriced gold coins worth only about $1.36 million at the time - a nearly 60% markup that left them with roughly 400 fewer ounces of gold than they would have gotten at spot prices. The TV-advertised precious metals dealer he worked for, Rosland Capital, has since collapsed into bankruptcy, owing customers $49 million for gold and silver they paid for and never received.Norman and Sheila Greenberg sued von Detten and Rosland Capital LLC in Los Angeles County Superior Court on May 11, alleging financial elder abuse, fraud, constructive fraud, breach of fiduciary duty, and conversion. Rosland filed for Chapter 11 on July 2. Now the official committee of unsecured creditors in Rosland's bankruptcy wants von Detten's records, argui...
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02.11.26 - 17:12
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Gold Rebounds as Investors Seek Cash (Bloomberg)
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Gold is trying to recover after its worst October since 2008, but market jitters are turning the metal into a source of liquidity, not a safe haven. Suki Cooper, Standard Chartered Global Head of Commodities Research explains the pressure near $4,000, where support may emerge, and why silver faces even tougher headwinds. (Source: Bloomberg)...
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