A concise distinction between exposure to the price of gold and access to the underlying physical value.
A concise distinction between exposure to the price of gold and access to the underlying physical value.
以下轉載 Ronald Leung 於原刊日期發表的評論。觀點、邀請及產品資料反映發表當時的情況，並不構成投資建議、要約、回報保證，亦不代表產品目前可供使用。
Two products in Hong Kong both answer to the name "gold investment." One lets you walk away with metal; the other lets you walk away with cash.
That single difference — what's in your hands at the end — decides which regime you're under. Tokenising either one doesn't move the line; it just puts the same product on a screen.
利益披露：Esperanza 經營代幣化黃金業務。
—— 讓我們翻開法例。每週帶來新的解析。
Ronald Leung / YouTube · contributed research · 3 August 2026
Original founder recording. Commentary remains attributed to the speaker. Tony Chang's shared register records this YouTube post on 2026-08-03. This is a platform-post date, not a revision to the original video upload date.
