HSBC introduces tokenized gold platform

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News Date: November 3, 2023

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.

Global Trade Reset Officially Kicks Off with GCR/RV

The U.S. is spearheading a global trade system overhaul, driven by the Global Currency Reset (GCR) and Revaluation (RV).
The U.S. Trade Representative aims to end currency manipulation, a practice President Trump has long blamed for unfair trade.
The Treasury insists tariff deals must tackle currency imbalances, pushing for fair revaluation to restore balance.
Gold's surge past $3,200 signals the reset's momentum.
Tariffs, Trump's tool to level the playing field, have sparked this moment, with trade truces opening doors to new terms.
"The day we have waited for is here," our supporters said.
As nations navigate these changes, the GCR/RV could reshape global commerce for years to come.

Digital Gold Currency Fueled by Constitutional Roots

Utah state Rep. Ken Ivory is spearheading a groundbreaking effort to allow vendors to receive payments in gold and silver through a digital platform backed by physical metals. Speaking on the John Solomon Reports podcast, Ivory expressed optimism about overriding Gov. Spencer Cox’s veto of the bill, noting that the state House has already approved a veto override session. This legislative momentum underscores Utah’s commitment to exploring innovative financial systems rooted in constitutional principles.
Ivory emphasized Article I, Section 10 of the U.S. Constitution, which declares, “No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts.” He argued that this clause supports the bill’s importance, calling gold and silver “constitutional money.” The proposed system would be voluntary, using digital delivery to modernize the use of precious metals without violating federal law or the Constitution’s ban on fiat currency.
In a parallel move, Texas lawmakers have introduced bills to create a gold-backed digital currency, signaling a broader trend among states to align financial innovation with constitutional intent. Ivory highlighted the urgency of Utah’s initiative, positioning it as a potential model for blending historical monetary standards with 21st-century technology. As both states advance, they may pave the way for a new era of trusted, metal-backed digital payments.

Gold Standard Act Approved on March 14, 1900

President McKinley signs Gold Standard Act, March 14, 1900.
122 years ago today, President William McKinley signed the Gold Standard Act, which established gold as the sole basis for redeeming paper currency.
The act halted the practice of bimetallism, which had allowed silver to also serve as a monetary standard.
It set the value of gold at $20.67 an ounce and valued the dollar at 25.8 grains of gold.
The act guaranteed that the government would redeem any amount of paper money for its value in gold, and it meant that transactions no longer had to be done with heavy gold bullion or coins because the paper currency had a guaranteed value tied to something real.
Source: www.thebalance.com

JFKs Executive Order 11110 to Abolish the FED

Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.
When Kennedy signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency- money without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 gave the Treasury Department the explicit authority: to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury. This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated.
Sources:en.wikipedia.org/, https://truth11.com

China Paves the Way for Debt Relief

China's central bank is pushing for fair burden-sharing among creditors in debt restructurings for emerging market countries, indicating a proactive stance on global debt issues.
China's recent move to write off undisclosed amounts of Zimbabwe's interest-free loans aligns with its commitment to assist African nations burdened by external debt.
Since 2000, China has made debt relief a norm, providing crucial support to sub-Saharan African countries without imposing strict conditions.
This approach could influence other lenders and boost investor confidence, ultimately attracting further financial support for debtor nations.
Read also: World Bank President:China needs to participate in debt relief