Sign In  |  Register  |  About Pleasanton  |  Contact Us

Pleasanton, CA
September 01, 2020 1:32pm
7-Day Forecast | Traffic
  • Search Hotels in Pleasanton

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Blue Hat Interactive (BHAT) Emerges as a Disruptive Force in the Gold Market

--News Direct--

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) is making significant strides in the gold market, showcasing how a company with roots in entertainment can pivot and disrupt an entirely different industry. By leveraging technological innovations and forming strategic partnerships, Blue Hat is positioning itself as a leader in the evolving gold supply chain and trading ecosystem, with the potential to become a pivotal player alongside established giants like Newmont (NYSE: NEM), Barrick Gold (NYSE: GOLD), Agnico Eagle Mines (NYSE: AEM), and Kinross Gold (NYSE: KGC).

A Holistic Approach in a Volatile (and Loved) Market

The gold market has been heavily influenced by global economic and geopolitical factors. Central banks around the world have strategically increased their gold reserves to record levels, helping drive the precious metal’s value to new heights, peaking at over $2,483 per ounce in July 2024.

Major miners like Newmont, Barrick, Agnico Eagle, and Kinross all find themselves in nice uptrends with the ascension in gold prices.

Broadly speaking, gold has been cherished throughout history and across cultures for its unique combination of qualities. Its rarity and natural beauty have made it a symbol of wealth, power, and status, while its resistance to tarnish and corrosion has rendered it an enduring store of value. Gold’s malleability allows it to be shaped into intricate jewelry and artifacts, adding to its allure. Beyond its aesthetic appeal, gold has always played a crucial role in economics as a reliable medium of exchange and a hedge against inflation and financial instability. In a world of shifting currencies and economic uncertainties, gold remains a constant, universally recognized as a safe-haven asset, a timeless treasure that continues to hold its value and significance, generation after generation.

Blue Hat’s innovative approach to the gold market sets it apart from traditional players. Unlike established mining juggernauts such as Newmont, Barrick Gold, Agnico Eagle Mines, and Kinross Gold, which generate revenue primarily through gold extraction and processing, Blue Hat is focusing on optimizing the entire lifecycle of gold. The company is leveraging its technological expertise to develop an intelligent gold supply chain and recycling system, encompassing everything from sourcing and recycling to trading and supply chain management. This holistic approach positions Blue Hat as a comprehensive service provider within the gold industry.

Blue Hat is integrating Artificial Intelligence to enhance its offerings, including an intelligent gold supply chain and recycling system (earning the nickname “a virtual gold mining machine”), as well as a sophisticated gold derivatives trading platform, giving it multiple revenue channels.

Bringing Gold to the Digital Age

Headquartered in Hong Kong with operations in Shuibei, Shenzhen and Dubai, Blue Hat specializes in sourcing, refining, and trading high-quality gold. The company’s wholly-owned Hong Kong subsidiary, Golden Alpha Strategy Ltd., was recently granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department. This regulatory system, implemented by the Hong Kong government on April 1, 2023, aims to combat money laundering and terrorist financing activities, with only top-tier companies earning the important international license.

Recently, Blue Hat announced a collaboration with Sichuan Jinyinghe Industrial Co., Ltd. (Jinyinghe) to establish a pioneering gold supply chain company. This partnership aims to integrate industrial resources with international financial capital to tackle some of the pressing challenges faced by the gold industry, particularly in China and other developing markets. By addressing issues such as low scale, narrow financing channels, poor operational standards, and a lack of credit data, Blue Hat and Jinyinghe are setting the stage for a transformation within the industry.

One of the key components of Blue Hat’s strategy is its focus on digital trading solutions. These platforms allow traders to engage in the gold market without the need for physical storage or insurance, providing greater flexibility and the ability to capitalize on price movements efficiently. High liquidity on these platforms enables traders to swiftly enter and exit positions, contributing to the overall fluidity of the market—an advantage that could see Blue Hat profit in ways similar to the leading upstream players.

Shuibei: China's Gold and Jewelry Epicenter

The significance of the Shenzhen Shuibei market, where the collaboration with Jinyinghe is centered, cannot be overstated. Colloquially known as the "World's Gem City," Shuibei is a major hub for gold and jewelry trading in China, employing 70,000+ people with annual transaction volumes exceeding 1 trillion RMB. By aiming to capture more than 10% of this market within three years, Blue Hat and Jinyinghe are setting ambitious targets that, if achieved, could redefine the gold supply chain in China and generate sales of over ¥200,000,000,000 (200 billion Chinese Yuan Renminbi (RMB)).

Shuibei has solidified its position as a global hub for the gold and jewelry trade. This bustling district houses thousands of businesses involved in every aspect of the industry, from manufacturing and wholesale to retail. Renowned for its vast selection of gold jewelry, gemstones, and precious metals, Shuibei attracts buyers from both domestic and international markets. The region's proximity to Hong Kong, a major financial center, has further enhanced its status as a global trading platform.

While Shuibei is synonymous with gold, it's important to note that the district also caters to a broader spectrum of jewelry preferences, offering everything from traditional to contemporary designs. With its thriving market, skilled craftsmanship, and strategic location, Shuibei continues to be a driving force in the global jewelry industry, factors which bode well for Blue Hat scaling quickly and hit its sales target.

Looking forward, Blue Hat aims to expand its influence in the global gold market by increasing its gold holdings, enhancing its supply chain operations, and refining its digital trading platform. These initiatives are part of the company’s broader strategy to establish itself as a leading "Smart Gold Trading Platform," targeting markets in Europe, North America, and beyond.

A Savvy Foray Into the Land of Giants

Blue Hat’s foray into the gold market is a testament to the company’s ability to innovate and disrupt traditional industries. By combining technological advancements with strategic partnerships, Blue Hat is not just participating in the gold market; it is reshaping it, creating new opportunities and setting new standards for how gold is traded and managed globally. Just as Newmont, Barrick Gold, Agnico Eagle Mines, and Kinross Gold have built their legacies through innovation and strategic growth, Blue Hat has the potential to carve out its own niche and become a significant player in the future of gold trade.

Source:

https://finance.yahoo.com/news/blue-hat-expands-gold-trading-123000332.html

https://ir.bluehatgroup.com/about/

Disclaimer: This blog post is for informational purposes only and does not constitute financial advice or an endorsement of BHAT or its strategies. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Please ensure to fully read and comprehend our disclaimer found at https://digitalcoinstandard.com//disclaimer/. https://digitalcoinstandard.com/ has been compensated one thousand dollars by a 3rd party EDM Media LLC for content distribution services on BHAT for August 16, 2024. https://digitalcoinstandard.com/ is neither an investment advisor nor a registered broker. No current owner, employee, or independent contractor of https://digitalcoinstandard.com/ is registered as a securities broker-dealer, broker, investment advisor, or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. This article may contain forward-looking statements as defined under Section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. These statements, often incorporating terms like “believes,” “anticipates,” “estimates,” “expects,” “projects,” “intends,” or similar expressions about future performance or conduct, are based on present expectations, estimates, and projections, and are not historical facts. They carry various risks and uncertainties that may result in significant deviation from the anticipated results or events. Past performance does not guarantee future results.https://digitalcoinstandard.com/ does not commit to updating forward-looking statements based on new information or future events. Readers are encouraged to review all public SEC filings made by the profiled companies at https://www.sec.gov/edgar/searchedgar/companysearch. It is always important to conduct thorough due diligence and exercise caution in trading.https://digitalcoinstandard.com/ is not managed by a licensed broker, a dealer, or a registered investment adviser. The content here is purely informational and should not be taken as investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor regarding forward-looking statements. Any statement that projects, foresees, expects, anticipates, estimates, believes, or understands certain actions to possibly occur are not historical facts and may be forward-looking statements. These statements are based on expectations, estimates, and projections that could cause actual results to differ greatly from those anticipated. Investing in micro-cap and growth securities is speculative and entails a high degree of risk, potentially leading to a total or substantial loss of investment. Please note that no content published here constitutes a recommendation to buy or sell a security. It is solely informational, and you should not construe it as legal, tax, investment, financial, or other advice. No content in this article constitutes an offer or solicitation by https://digitalcoinstandard.com/ or any third-party service provider to buy or sell securities or other financial instruments. The content in this article does not address the circumstances of any specific individual or entity and does not constitute professional and/or financial advice. https://digitalcoinstandard.com/ is not a fiduciary by virtue of any person’s use of or access to this content.

Contact Details

DigitalCoinStandard

Ash K

+1 201-972-5655

editor@digitalcoinstandard.com

Company Website

https://digitalcoinstandard.com/

View source version on newsdirect.com: https://newsdirect.com/news/blue-hat-interactive-bhat-emerges-as-a-disruptive-force-in-the-gold-market-871321276

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photography by Christophe Tomatis
Copyright © 2010-2020 Pleasanton.com & California Media Partners, LLC. All rights reserved.