# Unearthed: Wholesale Digital Gold ft. Allan Guild, Hilltop Walk Consulting

Page: https://stenobird.com/podcast/unearthed-6688808/unearthed-wholesale-digital-gold-ft-allan-guild-hilltop-walk-consulting
Text version: https://stenobird.com/podcast/unearthed-6688808/unearthed-wholesale-digital-gold-ft-allan-guild-hilltop-walk-consulting.md
Podcast: [Unearthed](https://stenobird.com/podcast/unearthed-6688808)
Published: 2025-12-12T13:07:13+00:00
Episode link: https://WGCnx.podbean.com/e/unearthed-wholesale-digital-gold-wholesale-digital-gold-ft-allan-guild-hilltop-walk-consulting/
Audio file: https://mcdn.podbean.com/mf/web/u3hwb2jnniypyb73/Unearthed_-_Allan_Guild_ReRecord_Fullmixad87z.mp3
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JSON: https://stenobird.com/v1/public/podcasts/unearthed-6688808/episodes/unearthed-wholesale-digital-gold-ft-allan-guild-hilltop-walk-consulting
Duration seconds: 1179

## Resource

In this episode of Unearthed, hosts Joe Cavatoni and John Reade, Senior Market Strategists at the World Gold Council, are joined by Allan Guild, Director at Hilltop Walk Consulting and long-time partner to the World Gold Council. Together, they explore a major innovation poised to reshape how gold is traded, owned, and integrated into global financial infrastructure: Wholesale Digital Gold and the introduction of Pooled Gold Interests (PGIs). Joe and John walk through the implications for market participants, from clearing banks and exchanges to ETF issuers and digital asset innovators. Allan also shares an update on the project's development, the upcoming pilot program in the London OTC market, and key milestones that will signal progress as PGIs move from concept to operational reality. Subscribe to Unearthed wherever you get your podcasts, and visit Goldhub.com for more insights on gold markets, innovation, and investment trends. Notable Quotes “When we hear a lot about crypto and technology and digitization, there’s not a lot being said about the gold market that’s actually really changing. Maybe wholesale digital gold can fill that opportunity gap and bring us into a more modern era.” – Joe Cavatoni “Right now, you've got a universe of participants that support the gold market, but I’m hearing about a market that will allow those that may not have a full vault or custodian capability to be more active.” – Joe Cavatoni “We’re seeing something like $250 billion of gold changing hands every day… so physical gold works. I'm interested to hear what wholesale digital gold can do to improve a market that’s performing pretty well.” – John Reade “Gold is a unique asset with this combination of a physical market and a financial market. Wholesale digital gold can address the…

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