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This article does not present matters accurately, though it is interesting to see RT discuss them. The “27 bn dollar” market is a) almost all “paper gold” and b) regards that part of the gold market monitored and partially controlled by the old banking-mining-military complex. PHYSICAL gold trading is bound to increase and paper gold decline as they lose control of the “official price”, but there will be a rollercoaster effect in the coming years as it becomes clear that a) the official reserve gold is rehypothecated but b) the amount of bullion in the world is actually much larger than they say – and maybe THAT is rehypothecated too….
Now they are starting to launch assets-backed blockchain tokens or coins (Bitcoin, Ethereum etc. are NOT assets-backed but rather instruments that people can actually use without being so dependent on central banksters and their inflationary-deflationary manipulations).
Assets-based blockchain instruments: these are in the early stages, there is one in China called ACC which is backed backed by expensive varieties of tea (comparable in the west to being backed by valuable paintings etc.). Whether tea, gold or silver is involved, they need a unique identification of each crate/bar and the assurance that it is not rehypothecated. And in case of perishable valuable items, some clause regarding possible damage etc.