The World Gold Council proposes digital tokens backed by physical gold, offering a new way to trade the precious metal.
Raluca Ioana Draghici
Economy
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WGC has launched "Pooled Gold Interest" (PGI), which allows investors to hold a digital representation of gold, facilitating transactions and its use as financial collateral. This innovation could transform the London gold market, valued at $930 billion, but analysts warn that gold enthusiasts may prefer the physical metal, fearing the complexities of digitization.
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