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3232Ghana Launches Gold Coin Priced in Local Currency
https://www.digit.info/ghana-launches-gold-coin-priced-in-local-currency/
Mon, 30 Sep 2024 21:35:22 +0000https://www.digit.info/ghana-launches-gold-coin-priced-in-local-currency/Read more]]>Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against the U.S. dollar. Gold Coins Priced in Local Currency Ghana has launched […]
]]>World Gold Council Exec Believes Blockchain Technology Will Bolster Trust in the Gold Industry
https://www.digit.info/world-gold-council-exec-believes-blockchain-technology-will-bolster-trust-in-the-gold-industry/
Mon, 08 Aug 2022 14:00:51 +0000https://www.digit.info/2022/08/08/world-gold-council-exec-believes-blockchain-technology-will-bolster-trust-in-the-gold-industry/Read more]]>The World Gold Council’s (WGC) head of global sales and regional CEO, Joe Cavatoni, explained on Friday that he believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.” Cavatoni spoke about the London Bullion Market Association’s (LBMA) and WGC’s Gold Bar Integrity Programme (GBI) which aims to […]
]]>Demand for Gold-Backed Tokens Brings Premiums as Precious Metal’s Value Jumps Higher
https://www.digit.info/demand-for-gold-backed-tokens-brings-premiums-as-precious-metals-value-jumps-higher/
Sat, 19 Feb 2022 16:30:14 +0000https://www.digit.info/2022/02/19/demand-for-gold-backed-tokens-brings-premiums-as-precious-metals-value-jumps-higher/Read more]]>While stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days. An ounce of fine gold jumped from $1,826.92 on February 10, to $1,897.36 per ounce on February 19. Additionally, the top gold-backed crypto coins today have […]
]]>2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months
https://www.digit.info/2-gold-backed-crypto-asset-market-caps-near-1-billion-xaut-jumps-19000-in-23-months/
Tue, 25 Jan 2022 19:00:29 +0000https://www.digit.info/2022/01/25/2-gold-backed-crypto-asset-market-caps-near-1-billion-xaut-jumps-19000-in-23-months/Read more]]>While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market […]
]]>Report: South African Taxes and Smuggling Behind Gold’s Price Distortions in Zimbabwe
https://www.digit.info/report-south-african-taxes-and-smuggling-behind-golds-price-distortions-in-zimbabwe/
Tue, 18 May 2021 07:00:51 +0000https://www.digit.info/2021/05/18/report-south-african-taxes-and-smuggling-behind-golds-price-distortions-in-zimbabwe/Read more]]>Despite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious metal’s actual production figures. Recycled Gold vs Non-Recycled Gold According to a […]
Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against the U.S. dollar. Gold Coins Priced in Local Currency Ghana has launched […]
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The World Gold Council’s (WGC) head of global sales and regional CEO, Joe Cavatoni, explained on Friday that he believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.” Cavatoni spoke about the London Bullion Market Association’s (LBMA) and WGC’s Gold Bar Integrity Programme (GBI) which aims to […]
While stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days. An ounce of fine gold jumped from $1,826.92 on February 10, to $1,897.36 per ounce on February 19. Additionally, the top gold-backed crypto coins today have […]
While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market […]
Despite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious metal’s actual production figures. Recycled Gold vs Non-Recycled Gold According to a […]