Traditionally gold bars are long before centuries deemed to be one of the most important investment tools in the world. Check out what the experts have to say about the importance of still investing in gold.
Josh Crumb: New Technology Allows Bitgold to Offer Personal Gold Standard Josh Crumb is the co-founder and Chief Strategy Officer of BitGold. He is an entrepreneur with a background in early stage global businesses. Josh was previously the Senior Metals Strategist at Goldman Sachs in the Global Economics, Commodities and Strategies research division in London.
He also held various positions within the Lundin group of companies, serving as Director of Corporate Development and Special Project Analyst for group chairman Lukas Lundin. Currently, Josh is a director of three Canadian listed public companies and plays a large role in many philanthropic organizations.
He holds a Master of Science degree in Mineral Economics, a Graduate Certificate in International Political Economy, and Bachelor of Science degree in Engineering from the Colorado School of Mines.
During this 25+ minute interview, Jason asks Josh why he and his co-founder of Bitgold, Roy Sebag decided to get into the gold business?
Next, Jason asks Josh for an explanation of how Bitgold works.
Josh says it allows for people to immediately buy and transact in gold close to spot prices, store in 6 vaults in different countries and also take delivery of the gold quickly even in small amounts.
Josh thinks Bitgold allows the individual to be on a personal gold standard without governments backing their currencies with gold.
Gold expert James Turk thinks the biggest bubble of all is long past its expiration date. Turk thinks this bubble will end like all bubbles. Turk predicts, “This money bubble is going to pop. It has to because there is just too much debt in the world. That debt has to be reconciled and, ultimately, when you are reconciling debt, it gets back to the point about collateral on the balance sheets. There is just not enough good collateral to support all of this paper money circulating out there.”
Turk also says there is way too many paper promises for the actual physical gold that can be delivered. So, in the future, Turk says, “I see a lot of these promises to deliver gold being broken and, ultimately, the only way you are going to see this being resolved is with a much higher gold price.” How high? Turk estimates, “You’ve got to be looking back to the all-time highs of $1,900 or $2,000 per ounce. We are eventually going to take those out. It’s just a question of when we do it. It’s obvious it is going to happen because gold has been money for 5,000 years and, ultimately, people will come back to gold when they realize that all these promises of bankers and central bankers really cannot be fulfilled. So, it is just a question of when that reconciliation comes. In March of 1968, the dam broke and the gold price was released and the gold price climbed for another 12 years. When the gold price finally gets released this time around, it’s going to climb for many, many more years. It’s hard to say how high it can go, but relative to the amount of paper that’s out there . . . a price several times higher than what we have today seems very, very reasonable in the long run.”
Eric Sprott from Sprott Asset Management spoke at the Sprott-Stansberry Natural Resource Symposium on July 31st, 2015 in Vancouver. He took the opportunity to discuss his thoughts on BitGold, its relation to bitcoin and the role BitGold will play in the development of the gold market. Learn more at http://www.bitgold.com/
If keeping the valuable physical gold bars isn’t one of your choice, why not choose to keep the return in a stored value prepaid card like Gold Money Prepaid Card? Gold Money Prepaid Card can be used to purchase goods and services like a debit card. It can also be used to withdraw the money or return from the gold proceeds investment through local Auto-Teller Machine (ATM) too. Find out more about the GoldMoney Prepaid Card here.
Diversify & Safeguard Your Wealth
We’re excited to announce that Goldmoney has built a bridge between Goldmoney Personal and Goldmoney Wealth that enables you to fund a Goldmoney Holding with your Personal gold balance.
Verified Goldmoney Personal users can fund their Verified Full Wealth Holdings with gold stored in the Toronto vault.
If you have gold stored in other vault locations, you can make a Vault-to-Vault transfer to Toronto.
How to Fund a Wealth Holding:
•Log into your Verified Goldmoney Personal account
•Select “Redeem” and choose the “To Wealth Holding” option
•Enter your Goldmoney Holding login credentials
•Request a transfer of your gold balance from the Toronto vault to your Goldmoney Wealth Holding.
Goldmoney Personal users who are not current Goldmoney Wealth clients will need to apply for a Goldmoney Holding to take advantage of their new feature.
Why Apply for a Goldmoney Wealth Holding?
Access to More Precious Metals
As a Goldmoney Wealth client, you are able to hold silver, palladium, and platinum in addition to gold, as well as up to nine currency balances.
Exclusive 18K Gold Mastercard prepaid card
Goldmoney Wealth clients have the option of applying for our exclusive 18K Gold Mastercard Prepaid card. Their metal cards are offered in both 18k gold and silver, and are available in GBP, EUR, and USD. Fund your Goldmoney Holding with gold from your Personal account to load and use your card to make purchases and withdraw local currency from ATMs worldwide.
Additional Goldmoney Wealth Benefits:
•Insured custody and storage at multiple global vault operations.
•Comprehensive reporting and research.
•Access to exclusive events.
•Personal relationship manager,
•Dedicated phone and online support.
We are pleased to inform you about the latest payment option Goldmoney of FxChoice’s Goldmoney is their newest option offering international payment services which allow people to send payments and hold savings in physical gold. You can easily send and receive physical gold as digital payment to & from any Goldmoney user or seller. It is also possible to send physical gold as a payment to non-Goldmoney users with email or mobile phone. Paying via Goldmoney is extremely quick, easy and safe. From your FxChoice’s back office user profile you can now make a deposit or withdrawal using Goldmoney. If you need any assistance, please do not hesitate to contact FxChoice’s experienced Customer Support Team.
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