2026-01-07 10:21:30

A significant transformation is beginning in the gold market. To address the issues of unregistered trading and counterfeit gold, the Precious Metal Tracking System will be implemented in April. From now on, all gold introduced to the market will be presented with a bandroll. With this system, all transactions will be carried out through banking channels, credit cards, or IBAN. Thus, the cash era is ending, and the market is fully transitioning to electronic payment systems.

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StableGenius

· 48m ago

lmao "tagged gold" like they're gonna stop counterfeiting with a sticker... empirically speaking, this is just financial theater dressed up as market infrastructure. the real play? they want every transaction on-chain for surveillance, not actually solving the fake gold problem. as predicted, cbdc infiltration through commodities. clever but fundamentally flawed execution tbh

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AllInAlice

· 20h ago

Regulations are coming again. When will we be able to trade freely?

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BugBountyHunter

· 01-09 02:42

Another set? What does the bank want to control now? Gold still requires electronic payments, so why should I hoard cash?

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HalfBuddhaMoney

· 01-07 10:51

Another wave of central banks trying to exert control... Labeling gold and enforcing electronic payments, this is to completely push out cash.

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MechanicalMartel

· 01-07 10:49

Another set of tracking systems, essentially aiming to bring all transactions under regulation. The disappearance of cash is only a matter of time.

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bridge_anxiety

· 01-07 10:40

Another tracking system? Do you really think we're all puppets 🤣

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RektRecorder

· 01-07 10:32

Here's another counterexample of decentralization... Gold is also going on the chain? No, still need banks as intermediaries? How did this become an anti-example of Web3?

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MainnetDelayedAgain

· 01-07 10:27

According to the database, the precious metals tracking system delay notification for the nth time, and it has been... time since the last promised April launch. The art of timing truly deserves to be recorded in the Guinness Book of Records.

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FallingLeaf

· 01-07 10:26

Here we go again with the cash ban approach, so now transactions can only happen if everything is fully on-chain.

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ImpermanentTherapist