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Euroclear looks to apply blockchain to gold market
By Philip Stafford
Financial Times, London
Tuesday, June 21, 2016
Euroclear, one of the world's largest settlement houses, is to make its first foray into emerging blockchain technology by exploring creating a new settlement system for the London gold market.
The Belgium-based settlement house, which houses more than E27 trillion of bonds, equities, funds, and derivatives for customers, has partnered US start-up itBit to explore ways to modernise trading in the precious metal.
The group will look at ways to harness itBit's blockchain-based clearing and settlement network Bankchain for gold. ...
... For the remainder of the report:
http://www.ft.com/cms/s/0/79cf65fe-379c-11e6-a780-b48ed7b6126f.html
Direct Ownership and Storage of Precious Metals
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Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.
Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.
Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.
Goldbroker.com is listed among GATA's recommended monetary metals dealers:
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