Digital gold from Perth Mint threatens $122 billion in gold-backed ETFs
By GCRU Gold News on Tuesday, January 30 2018, 23:18 - Permalink
The Perth Mint's release of digital gold certificates for trading, holding, and transferring physical gold could have profound consequences for the $US98 billion ($122.5 billion) in gold-backed exchange traded funds.
When that occurs the Perth Mint's digital certificates could become a genuine challenger to gold-backed ETFs, which now own about 2,362 tonnes of gold, according to the World Gold Council.