Thank you as always for choosing GoldSilver.com as your precious metals dealer. If you are new to investing in gold and silver - you can get a copy of my bestselling book for FREE at GoldSilver.com Read that before you do ANYTHING.

@eoh6708

Ай бұрын

Please kick the tyres on PAX Gold

@rogerburn5132

Ай бұрын

Mike Brilliant information Always thumbs UP - Like 👍👍👍👍

@DANELLRIDGEWAY

Ай бұрын

6:30 PONZI

@JM-si8xr

Ай бұрын

HSBC is one of the corrupt banks so you can never trust whatever this bank says.

@andrewjackson244

Ай бұрын

Hope you're well Mike.

Mike It amazes me how well you explain things and boil it all down to a nutshell. I follow so many financial channels and the more I watch them and see their growth, the more I understand they are all taking the long way around to basically what you've been teaching for decades now lol.

"Paper gold" is 100% paper and 0% gold. If your "asset" is a number on a piece of paper or on a computer screen then you have no asset.

@DANELLRIDGEWAY

Ай бұрын

PERIOD

@doubleooh7337

Ай бұрын

Mmmm not necessarily true i hsve a 1 goldback it's a paper note with a bit of gold in it , but only 1/1000th of 24k oz, which is what money should be

@UnspokenWords2010

Ай бұрын

​"Durrr ​not NeceSsARiLy TrUe!" @@doubleooh7337 continues to talk about holding a slip of real gold that he can hold with 1/1000oz of gold in it. He's talking about paper contracts for gold or paper ious. With Goldbacks you actually have real gold in your hand where there is no counterparty risk.

@ColeDedhand

Ай бұрын

A goldback is physical gold. Overpriced, but it is gold.

@aionphriend

Ай бұрын

Zero carat haha

Kinesis Money is the real deal for having gold and silver on the blockchain. The Indonesian government is using it.

Perth Mint in Australia had blockchain gold. Those involved lost interest after a while and abandoned it, but it worked fine.

What guarantees do you have that any gold is even there?????????

@johannakamstra-schickendan7380

Ай бұрын

Non

@vincentyeo88

Ай бұрын

The only guarantee is to hold it safely in your hand. If you don't hold it, you don't own it.

A pound (1lb) weight is equal to 16 ounces. Where the British £Pound used to be a token for one pound in weight of silver, it today takes £310 to buy 16 ounces of Silver at Spot Price.

@darinmullins4770

Ай бұрын

Troy ozs so different than standard lb if go by the gram .

@almac9090

Ай бұрын

@@darinmullins4770 I did wonder: Here’s a better attempt which you were likely already aware of: en.m.wikipedia.org/wiki/Pound_sterling

I think this is a mechanism to get money to buy gold (but the real thing is that the bank is the owner of that gold).. they are only using the money of the people to fill their vaults

@rockytop6077

Ай бұрын

No better than GLD. Another scam or derivatives

@PS-wt3dc

Ай бұрын

That makes sense: a mechanism for the bank to develop its own physical gold stocks

@energyfitness5116

Ай бұрын

@@PS-wt3dc Deliver will be delivery...of tokens, not physical gold

Seems the same as Gold ETF to me.

I bet it went down like this: 1. Young analyst has cool idea, sells it to his boss. 2. Boss creates tokenized gold project, spending millions in development. 3. Product ready for market, let's check with the lawyers. 4. Lawyers: you can't do that. 5. Boss: oh shit. 6. Boss's Boss: You spent how much on this?!? (Takes over project.) 7. Boss's Boss remakes product the way the Lawyers say will be legal, making it useless. 8. Final product release is terrible. Better call it an "innovation" to hype it. 9. Recoup some of the sunk costs from suckers. 10. Original analyst cries into his pillow.

HSBC Paper Gold scheme is. Like Bernard Madoff scheme 😂😂😂

@DANELLRIDGEWAY

Ай бұрын

PRECISELY

@rogerburn5132

Ай бұрын

@@DANELLRIDGEWAY Thank you 👍👍

If its not in your hand you dont own in, it will just be leveraged

I wonder what the underlying technology is ?

@DANELLRIDGEWAY

Ай бұрын

LIES

@johannakamstra-schickendan7380

Ай бұрын

BS😂😂😂😂😂😂😂

Read the fine print, thank you for doing it for us. I can't believe given these terms of conditions that this bank "product" is actually going to attract any investors.

Have you any inclination to investigate the tokenization of gold/silver in a company like Kinesis?

Funny how anything with gold is getting public interest.

@vincentyeo88

Ай бұрын

It's the record breaking prices which are getting their attention and interest.

@b4ph0m3tdk9

Ай бұрын

So the prices are going up because the prices are going up. I think people has realized inflation is very real and it is not going away, because USA is in no position to fight inflation.

Excellent video once again. Thanks Mike and Alan.

Mike the background is Nice it Makes a change 👍👍👍👍

Love how 'the bank' sets the buy and the sell price too. The whole thing is just a vacuum hose to your wallet.

Thank Mike and Alan.

Good coverage great video

Bitcoin solves the gold backed anything Nixon shock problem. You no longer have to trust someone elses accounting.

Keep it up guys

Ok,when there's no more fiat currency notes. How do i cash in my physical bullion?

I highly encourage you to interview Brad Kimes, Digital Perspectives regarding this topic and CBDC’s. I love George, he’s awesome, but he did get some things wrong in the video you mentioned. In fact Brad Kimes asked George to be on his show.

Mike Maloney, what do you think of Kinesis?

Tokenized gold means no more private ownership of the real stuff.

While it's easy to lock onto the word scheme it does have a history in the software, database, and blockchain vocabulary. A database schema is probably the most widely known form. -Programming Languages: A way to represent data structures or programs (e.g., Scheme, a programming language). -Cryptographic Scheme: Mathematical algorithms used for securing data, transactions, and identity on a blockchain. -A blockchain scheme is a digital ledger of transactions that is distributed across multiple computers, also known as nodes.

Mike, youre not adding anything to Alan's presentation. He got the news, researched the background and is the most qualified to share it until you catch up. Thanks.

Your friend David Morgan got behind LODE which was silver/gold on the blockchain. I sent in my silver and 7 years later I only have worthless/non-liquid LODE tokens. Buyer beware!!

Thanks Mike!

Mike could you get Alan Hibbard to stop with the silly faces that are posted on featured photo for your videos? It is copied and not needed. Thanks for the great info you and Alan give us all.

Tether issued their own gold token XAUT. I still don’t know if purchasing a token means ownership of a physical asset somewhere in a vault. Will look into it.

TY MARKZ

“That’s as good as money sir. Those are IUOs”.

I wish you would stop interrupting him every couple seconds. It’s hard to watch this and stay with the topic Alan is trying to convey when you constantly have to interject and not let him complete his thought.

It'll be used to try and control price

I've been subscribed to your channel for a very long time. You once said that when a currency isn't backed up by gold that it takes about 40 years for the currency to lose all of its value. Well, if I remember well they stopped backing up the American currency in 1971 or 72. We're in 2024. It's been 53 years. What's going on? Why is it that the currency hasn't lost its value?

@spankymcduff9683

Ай бұрын

Something that cost $1 in 1973 now cost $7.

You only own it (gold bars), when you hold it! - Mike Maloney.

The key words are "easily redeemable" and they are not there.

This video is all over the place.. You need to stop interrupting mike

Mike as Always you. are Brilliant . Brilliant information Mike You are THE BEST. 👍👍👍👍

Gold silver to the moon 🌙

Got to hand it to HSBC. This is the most upfront any bank has been about their gold products.

@energyfitness5116

Ай бұрын

Coming from the bank that had a huge scandal circa 2012 laundering money between New York, Vatican, and Drug Lords!

In Australia ainslie bullion dealers have both gold and silver on blockchain tokens..have had them for at least 4 years.. Aus..and Ags.. tokens

@c.j.777

Ай бұрын

Can convert to the metal if you have enough.. each token represents 1 gram..

Wheaton PM CEO just had an interview where they discuss developing this. It's comin boys.

What are you trying to say? Just because they put the word 'coin' in the name of the crypto scheme, doesn't it magically become currency?

It's a replacement for lbma since lbma has essentially failed. Same system.

This is basically a means to launder money

Wow! Mike, you predicted all of that fake stuff years ago in your first book and videos! Thank you guys so much for keeping us appraised of all of this!!!

It's like a fixed deposit denominated in "value of gold" except now it is not even guaranteed like any bank deposits

@DANELLRIDGEWAY

Ай бұрын

" SECURITIES FRAUD "

2:10. Maloney left out ''... in Hong Kong''. This is obviously a gold account scheme for the HK and maybe China market. HSBS is a real world bank. This is geared towards the current tremendous gold interest in HK and China, where there may well be less regulatory hurdles than in the US. It's probably to tap into the hot gold market there, as opposed to the very tepid interest here. A non-issue for us here.

Mike for the love of GOD please let the your guest finish his statement

HSBC the bank that brought you OPIUM

Tokens or paper LBMA makes no difference.Tokenisation would really change if you would put weight measuring devices, and camera's into the blockchain guaranteeing that physical gold is behind a token.

@Schoolship.

Ай бұрын

😂😂😂 high five!

It’s absolutely insane the miners and mints haven’t gotten together to create a true gold/silver crypto on the blockchain that everyone can trust with regular independent audits. The miners and mints already have the secure storage to minimise this cost and it needs to be brought to the absolute minimum with unallocated and segregated accounts and physical delivery always available if requested (for an extra fee of course)…miners especially would benefit as the gold/silver price would skyrocket if you just made it easy for ppl to invest this way without all the 3rd party risk…allow all to lend out their gold if they wish as well “gold staking” to earn a return if they wish. Optionality, low cost, and trust is the key here.

@nikbiz

Ай бұрын

+1 to that. Such an easy add-on business with unlimited upside potential.

Unfortunate

I much prefer Glint

@ryandixon1102

Ай бұрын

Garbage

"not for US investors" is because of dodd frank.

The world is so backwards I cannot believe that this video only has 43k views

Is this not like blackrock and 10 other bitcoin etfs in USA and beyond? " Not your keys not your bitcoin."

Thank you both for this eye opening deception 🥴

@normandolinic2044

Ай бұрын

Be very careful if you want gold silver to hold any gold or silver for you read and reread their agreement.

If gold and silver is monetized all gold/silver shops will be out of business. Metals will then be controlled by the government and will know what you have when you try to sell it. You will have to prove at what price you purchased it and then expect a hellish tax!

@Waveforces316

Ай бұрын

Currency isn’t taxed. The central banks are working at a Fed level. CBDC is a Central Bank initiative. There are groups out there, for example, Citizens for Sound Money, who are working to get legislation passed at the state level to implement Gold and Silver as legal tender again. 10 states are already in the process of moving forward with it. Physical Gold and Silver that you personally own can be vaulted and used digitally or can be exchanged physically without counterparty risk or rehypothocation or in the control of the central banks.

@normandolinic2044

Ай бұрын

Don’t let gold and silver loc hold your gold and silver you’ll be sorry.

Mike! The Great Taking was a different video! This one's about gold ownership represented on the blockchain. Shut up! Let Alan talk about something new for chrissake. That's why you hired him, right?

Thank you for this shocking news !

People have been buying paper gold for decades. Either hold physical or take the chance on getting screwed. Better yet buy #btc and come into the new era

Everyone from Military operators to rock climbers have a little saying "Keep It Simple Stupid" KISS.

Everything is about the Ledger and Bitcoin fixes this. 🚀

@DANELLRIDGEWAY

Ай бұрын

LIES

I am a holder of the Lode token. It is crypto backed by gold or silver.

@stratcaptain66

Ай бұрын

Is it redeemable in gold? I didn’t think so🙄

@markminister2599

Ай бұрын

The lode project is redeemable in gold and Silver. David Morgan is a proponent. I am a contributor since 2018. This is the largest accumulation of silver above the ground by a company. Its goal is to restore silver and gold as a return to precious metals. Its goal is money for the people. It is based in Lichtenstein. The project is total integrity. This is gold and silver on the block chain.. money for the people by the people.

wow , mike got a lot older.

Sounds like highway robbery. Definately a scheme to fleece you!🤣🤣 What a rort!

@normandolinic2044

Ай бұрын

Be careful dealing with gold&silver read their agreement etc.

Gold and silver carry zero counter party risk of you hold in your hands. If you allow a 3rd party to hold your metals you lose that zero counter party risk. The old saying is if you don't hold you don't own it. Period... Don't trust anyone not even these talking heads.

@thinkaboutit433

Ай бұрын

Yeah but it is more liquid to buy and sell precious metal certificates, compared to buying it from a physical store where they sell it to you for a crazy premium, which makes it very tough to get a good return on your investment.

Why would anyone invest in this? They're pretty much saying " Give me your money, and I'll keep a record that you have me money. You can't see the record, I have no obligation to give you the thing I'm telling you I'll buy with your money, I may or may not buy that thing, and if Igo broke, you get nothing." 😂😂😂

That's not true. The makers of apollo coin have been made the GSX coin. Which is backed by gold, mining in Africa

I hate banks, am I the only one?

@johannakamstra-schickendan7380

Ай бұрын

No

RBC bought out HSBC

It's just another way to trick people into thinking they own something when they don't. Another way to keep the system going and prevent people from owning real money.

All you buy is a entry on a digital spreadsheet on HSBC server. 😂😂😂 LOL its a trap

All set by a private legal society Z…anyone here a member ?

gold ons 50.000 dollar silver 1000 dollar 👏👍👈

Scheme = scam!

@normandolinic2044

Ай бұрын

Do you mean gold silver , we’ll just be very careful if you want them to hold your gold and silver.

@janereynolds7555

Ай бұрын

@@normandolinic2044 no! The bank!

Gold Token = 1 token for 1 oz. Melt and recast the 1 oz, get another token...

I had to check it wasn’t April Fools day 🤣..if u fall for this you deserve to lose your currency 🤷‍♂️

The public are too stupid to buy and hold PMs, same with BTC. Paper gold and non-redemable ETFs are fine for them.

Great video thanks guys. Scheme scam same thing 😂

@normandolinic2044

Ай бұрын

Talking about that ,don’t buy anything from gold silver and have it held in their vault read their agreement very carefully. Not the best.

No wonder you can’t buy it in the US!

@user-bp6ok3us2h

Ай бұрын

Hi there, I'm interested in your design services. Can you create both logos and business cards? I'm in need of a skilled graphic designer.

It's a token that pretends to be a derivative of gold but is far from being one.

This is a scheme hatched by this bank to help any braindead person from losing everything in a boating accident. 🤣🙃🤣

This monstrosity sounds more like an Bootique ETF.

Who would buy this? A fool. This is what came to mind when you posed the question after exposing this. As they say, "A fool and his money are soon parted."

HSBC token digital Gold. No chance. As Mike Maloney said about Gold - if you don't hold in you hands. It's Not yours 🥇🥇🥇🥇

If it's true that a sucker is born every minute... there is going to be a looonnnnngggg lineup

2222$ gold price now😂

Why don't they just buy gold? Are they really that poor that they don't have $100 to buy gold?

China #1

First they will milk you then they will sell you .🤣🤣🤣

This is sad

@DANELLRIDGEWAY

Ай бұрын

THE ECONOMY YOU THOUGHT YOU HAD WAS A LIE THE WHOLE TIME

@stefaniepitts

Ай бұрын

@@DANELLRIDGEWAY It’s obvious that our economy was not what is being relayed in the media

35 to 1 fake vs real yellow metal

Goldbacks sound better than this

@christopherk140

Ай бұрын

Goldbacks have too great of a premium! Other than that goldbacks are great.

the jab made us beef cattle