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Store your gold with the British govt., if you think they'll let you have it in a pinch
Royal Mint, CME Group Launch Blockchain-Based Gold Trading Platform
By Jemima Kelly
Reuters
Tuesday, November 29, 2016
LONDON -- Britain's Royal Mint and leading U.S.-based derivatives exchange CME Group have teamed up to create a blockchain-based digital platform for dealing in gold in a drive to cut the costs involved in trading the precious metal.
The platform, due to launch in 2017, will see the Royal Mint -- the Treasury-owned body that is permitted to strike British coins -- issue "Royal Mint Gold," or RMG. This will be traded via a platform created and run by the CME Group.
The Royal Mint will put gold bars into its on-site secure vault, which will then be digitised to create RMGs whose ownership will be recorded on the blockchain. Traders will then be able to trade in and out of RMGs between themselves. ...
The platform will operate 24 hours a day, 365 days a year. Unlike the traditional model for investing in gold, with management fees and storage charges, RMGs will offer ownership of the underlying gold with the option for conversion to physical gold by the Royal Mint at zero storage cost. ...
... For the remainder of the report:
http://uk.reuters.com/article/uk-gold-blockchain-royal-mint-idUKKBN13O0M2
Golden Predator Finds New Veins of up to 30.8 g/t Gold;
Airborne Geophysics Completed at 3 Aces Project in Yukon
Company Announcement
Monday, November 21, 2016
VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) is pleased to announce additional surface exploration results and the results of airborne geophysical surveys from ongoing work at the 3 Aces project in southeastern Yukon, Canada. Highlights include:
-- Seven of Spades: Newly discovered zone with stacked flat lying quartz veins returning values up to 18.55 g/t gold.
-- Queen of Spades: Newly discovered zone with values up to 30.8 g/t gold.
-- Jack of Spades: Additional results from continuous panel sampling of a second higher bench returned 20 meters of 7.62 g/t gold including 11.7 g/t gold over 12.4 meters and 37.9 g/t gold over 1.7 meters.
-- Three of Spades: Additional assays have increased strike length of vein with returns including 6.95 g/t gold. ...
... For the remainder of the announcement:
http://goldenpredator.com/_resources/news/nr_2016_11_21.pdf
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