Yamana Gold Inc. and Emergent Technology Holdings LP enter into licensing agreement for responsible gold supply chain solution using blockchain platform.

Yamana, a global precious metals mining company, is the first to license Emergent’s blockchain technology supply chain solution, which traces the provenance of Conflict-Free Gold from mines to refineries, and through to vaults. The solution uses blockchain technology to administer smart contracts among the parties involved in the delivery of gold-bearing material, including miners, refineries, logistics providers and insurance companies.

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David Roznowski
Why Bitcoin Never Was, Is Not, And Will Never Be The New Gold Standard

TAKEAWAY: The purchasing power of gold is very stable for reasons we understand very well, and has been for a long time.  Nobody knows – and nobody can possibly even make an educated guess -- what bitcoin is going to be worth ten minutes, ten days, ten months or ten years from now.

There have been rather a lot of promiscuous claims that bitcoin is the new gold standard.  This demonstrates a terrific lack of understanding of the mechanics of the gold standard, or of Bitcoin, or both. Bitcoin, like G-coin, is something great. But it’s apples and oranges.

Bitcoin never was not, is not, and will never be the new gold standard. 

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Emergent Technology Announces Gold Blockchain Platform

Emergent Technology announced today it is releasing a groundbreaking blockchain platform.

The platform has two components:

1)     The Responsible Gold™ supply chain — the only permissioned blockchain that tracks responsibly sourced gold from mine, to refinery, to vault

2)     G-Coin™ — a new digital token backed by responsibly sourced, physical gold

The company’s blockchain went live in 2017. Miners, refiners and other supply chain participants use a mobile application that scans smart chips in tamper-proof seals to record transfer of custody and other data on the Responsible Gold blockchain.

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What Makes Responsible Gold Responsible?

What makes Responsible Gold responsible? So glad you asked!

“On average, producing enough gold to make a single wedding band generates 20 tons of waste.” How are those 20 tons of ore mined and is the waste disposed of responsibly? We care about such things.

Gold is extracted from gold mines, of course. Some of those mines use humane and ecologically responsible practices. Others do not. While all gold is elementally the same not all gold is created equal. Responsible Gold’s gold is meticulously sourced from ethical providers.

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Ralph J. Benko
A Fairy Tale and A Golden Thread

Gold, literally, is elemental, defined as “consisting of a single chemical element.”

So, in another sense, are Fairy Tales elemental, defined as “having the primitive and inescapable character of a force of nature.”

So it does not come as much of a surprise to find gold turning up, over and over, in fairy and folk tales. Gold has been a valued asset and a symbol of supreme value for most of history.


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Gold is Stardust

Gold, in addition to being “unbelievably beautiful,” has another, almost magical, property. Scientists believe that gold is stardust.

Literally stardust.

Joni Mitchell wrote and performed a classic folk song in homage to Woodstock, entitled Woodstock. It was made more famous when covered by Crosby, Stills, Nash & Young on their album Déjà Vu. Its refrain:

We are stardust, we are golden

We are billion year old carbon

And we got to get ourselves back to the garden….

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Ralph J. Benko
Happy 300th Birthday Mr. Gold Standard, Thank you Sir Isaac Newton

The traditional gift for the 50th wedding anniversary is gold. And according to thespruce.com “Optimism and wealth are often associated with gold. Not only is the metal gold beautiful, it is strong, and resistant to corrosion.”

The classical gold standard was invented exactly 300 years ago, in 1717. So, a 300th anniversary would be Gold X 6.

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Have you missed the boat with gold?

The answer to that is a resounding no!

Especially if you are an individual, corporation, sovereign wealth fund or central bank looking at gold for its safe haven/wealth preservation qualities. And now it’s easier than ever to invest in gold with the introduction of the G-Coin™ — a digital token, backed by vaulted, conflict-free and responsibly sourced gold.

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Matthew Keen