Hong Kong is launching an interbank tokenised gold project to advance its goals as a digital and physical precious-metals trading hub.
🔶Key announcement
At Hong Kong Fintech Week (2 November 2026), Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the city will introduce a gold token that represents a standard 400-ounce gold bar. Pricing will reference HAU, Hong Kong’s own gold price ticker launched earlier in 2026.
The project builds on experience from the Hong Kong Monetary Authority’s Project Ensemble (the 2024 pilot for tokenisation and digital currency). It aims to move tokenised gold “from sandbox experimentation to scalable, real-value production.”
🔶How it works and why it matters
⭕️ Physical gold is linked to digital tokens.
⭕️ Settlements will use tokenised deposits, so banks can trade without moving physical bars or relying on traditional transfers.
⭕️ Expected benefits: faster settlement, lower costs, and better efficiency.
⭕️ This fits Hong Kong’s broader strategy to strengthen its role as a global gold and digital-asset centre, alongside other steps such as expanded vault capacity, links with the Shanghai Gold Exchange, and related pilots (including China CITIC Bank International and the Hong Kong Gold Exchange’s recent delivery-versus-payment tests targeting a 2027 commercial launch).
🎯In short: Hong Kong is moving tokenised gold from pilot stage toward real interbank use, using a 400-oz bar token priced on its local HAU benchmark, as part of its push to become a leading digital metals trading hub.
Via SCMP
#Gold #Silver
On 9 Oct, Scott Bessent made Judy Shelton Counselor to the Secretary. She reports directly to him. She has spent 14 years designing a Treasury bond redeemable in gold.
On 17 Jan 2025 she wrote in the New York Sun: "Imagine if President Trump were to direct his Treasury secretary to issue a 50-year debt obligation that could be redeemed in gold on July 4, 2076." At maturity the holder chooses dollars or gold.
Good as Gold puts the bond first, then a commission, then a fixed value for the dollar. "The dollar is made as good as gold by pledging gold convertibility of a Treasury bond at maturity with a nominal face value defined in dollars."
4 Jul 2026 passed without that offering. Treasury hired the author of the gold bond to do the job the bond was designed for.
The essay sets out the bond's proposed maturity choice and the sequence that follows it.
If my dad (a copper porphyry expert who was part of the discovery team at Escondida, died in 2017) could see the price of copper these days, he’d be so pleased to see he was right.
What a run.
🚨 I WARNED YOU ABOUT SILVER'S $71 BULL TRAP FIVE MONTHS AGO.
NOW LOOK WHAT HAPPENED.
$SILVER HAS CRASHED 31% FROM THAT LEVEL.
And I believe the biggest opportunity is STILL AHEAD.
Look at this chart.
First bull trap: $89.
Second bull trap: $71.
Now silver is approaching the final stage of a potential DOUBLE BOTTOM.
Here's my exact roadmap:
$49 → $45 → $122
FIRST: One final flush toward $45.
THEN: Capitulation. Weak hands sell. Everyone thinks silver is finished.
FINALLY: A potential explosive recovery toward $122 in 2027-2028.
That's more than 170% upside from $45 if my target is reached.
And here's what most investors will get wrong.
They bought the rallies at $89 and $71.
Now they'll be terrified to buy near $45.
And if silver eventually reaches $122, those same investors could be chasing the rally again.
I'M NOT CHASING THE BOUNCE.
I'M WAITING FOR MY ENTRY.
The $45 level is the key support zone I'm watching, not a guaranteed bottom.
BOOKMARK THIS CHART.
Come back when silver tests $45.
Follow + turn notifications on.
I WARNED ABOUT THE $71 TRAP.
NOW I'M PREPARING FOR THE NEXT MAJOR MOVE.
AND I'LL POST MY BUY CONFIRMATION HERE FIRST.
My actual plan is boring on purpose:
No leverage.
Monthly buys of Gold, Silver and S&P500.
Dry powder for the rare obvious dislocations.
Ignore anyone promising 10x in six months.
Got wrecked years ago following influencers.
Never again.
China subsidized its chemical industry less over the past 10 years than the US subsidized the Iran war YTD and less than the EU subsidized the Ukraine war over the same 10 years.
Western policymakers have chosen very poorly regarding what they have decided to subsidize. 🤷♂️
Silver.
After getting relentlessly sold every single day for the past two months, silver finally bounced.
Today it’s up 3%, reclaiming the critical $50/oz support level that just broke on Friday.
It’s a welcome relief and some hope is returning, but the bigger picture hasn’t changed: we’ve been printing consistent lower highs and lower lows for the last 9 months.
A relief rally toward $65 is very possible and could easily become a trap before the next leg down.
The alternative is a clean break and close above $70, which would create a higher high and finally break this ugly downtrend.
The next couple of months will decide which path we take.
🥈 Silver and platinum sales at The Royal Mint have already surpassed every previous full-year total. With an entire quarter still left in 2026!
Physical precious metals demand is running hot 🔥
🚀 GOLD JUST SURGED TO $3,952!
Jumping over $40 in minutes, now up $53 on the day! Buyers are coming back with force as gold pushes toward $4,000. 🔥
Get the key levels before the move. Join our Substack. → https://t.co/nSUnIoUUFy
🚨 THIS IS NOT GOOD
Oil just collapsed.
Prices dropped over 4% in the last 30 minutes.
Reports that the U.S. has decided to give talks with Iran more time.
Markets immediately repriced the risk of a deal.
Billions of dollars wiped out.
We are approaching an extreme statistical event.
Something that has NEVER happened in modern history.
Do you understand what that means?
More value erased in minutes than the annual GDP of most European countries.
We have officially entered the FORCED LIQUIDATION PHASE.
This is what a liquidity vacuum looks like.
Funds are being margin-called.
They’re selling oil just to survive.
Do not hand them your wealth.
Remember, I’ve been in finance for more than 15 years.
When I EXIT the markets completely, I’ll say it here publicly, like I always do.
Turn notifications on.
Many people will wish they followed me sooner.