Gold operates as money without states or bankers

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News Date: September 20, 2020

Gold does not need the state or its bankers to operate as money, because individuals choose it as money on the market century after century. The solidi bear the names & faces of the 5 different emperors who issued them, Honorius was the last Roman emperor to rule Britain.
Everything in life eventually goes to zero.
Gold is one of the only elements in the universe that never dies.
Gold is universally recognized and adorned.
Gold is legacy wealth. Nothing else even competes.
Sources:twitter.com/GoldTelegraph

Central Bank digital currencies Competition

China CBDC Pilot Program Beats West to the Punch.
Chinas Ministry of Commerce has announced the pilot run of the country's central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau.
Bitcoin and Facebooks Libra cryptocurrency may eventually be in competition with central bank digital currencies.
Source:www.securities.io, www.forbes.com

Russia supports Saudi Arabia membership in BRICS

Russian President Vladimir Putin said on Thursday that he supports Saudi Arabia's possible accession to the BRICS group.
Putin: Yes, we support. This requires a consensus of all countries.
Also, on 20 Oct, China voiced support for the expansion of BRICS membership after reports about Saudi Arabia showing its intention to join the group that presently comprises Brazil, Russia, India, China and South Africa.
Sources: see.news

Trump Promotes New DeFi Platform

September 16 update:
The World Liberty Financial team announces that, despite the unsettling events of yesterday, Donald Trump will proceed as scheduled (8 PM EST) to unveil the Make Finance Great Again plan on his channels.
Older news:
Donald Trump recently promoted a new crypto platform called 'The Defiant Ones', developed by the Trump Organization, on social media.
Addressing his followers, Trump criticized big banks and financial elites, urging Americans to 'take a stand together.'
This marks the first time Trump has publicly endorsed the upcoming digital bank, which has yet to be activated.
Donald Trump on social media:
"For too long, the average American has been squeezed by the big banks and financial elites.
It's time we take a stand-together. #BeDefiant t.me/defiant1s"

HSBC introduces tokenized gold platform

HSBC is the First Bank in the World to Offer Tokenized Gold.
HSBC Holdings Plc, a major bullion bank, has introduced a platform that utilizes blockchain technology to tokenize ownership of gold stored in its London vault.
This platform generates digital tokens representing gold bars, making gold trading more accessible.
While initially targeting institutional investors, it plans to open up to retail investors where regulations allow.
HSBC's entry into the tokenized gold market is notable due to its significant role as a custodian of precious metals and a clearer on the London gold market.
The technology promises to streamline the process, allowing clients to easily track their gold ownership down to the serial number of each bar.
HSBC has been actively exploring blockchain technology and recently launched HSBC Orion, a tokenization platform for digital bonds, with successful applications in the market.

Treating gold and silver as money

May 12, 2024 update: Nebraska ended capital gains taxes on sales of gold and silver With Gov. Jim Pillen's signature.
Older news:
42 states have removed some or all taxes from the purchase of gold and silver.
And there are new bills pending now in five of the eight remaining states, i.e. Tennessee, Mississippi, Kentucky, Hawaii, and New Jersey.
In 2019, the Sound Money Defense League teamed up with sound money advocates in West Virginia to eliminate sales taxes on precious metals.
A similar effort will be considered in Olympia, Washington.
Passage into law would relieve some of the tax burdens on investors, and would also take a step toward treating gold and silver as money instead of as commodities.
Repealing these taxes knocks down one barrier that might keep some investors from considering physical metal for their portfolios.
Source: fee.org