We try to make gold work as practical money. Inside the mind of Josh Crumb, co-founder of Goldmoney, Inc.

Josh Crumb & Roy Sebag of Goldmoney Inc are on a quest to facilitate a choice in money for anyone, anywhere on the planet.

What's on the mind of Goldmoney co-founder, Josh Crumb?

The Fed

We treat Fed (cpi gdp) as truth, but..
If Fed had to issue a prospectus, back-test performance(lol) & risk disclosure, would $USD pass?
@JoshCrumb on Twitter

Next financial crisis

Do you agree with Yellen that another great financial crisis is unlikely in our lifetime?
Poll on Twitter

Joshua Dale "Josh" Crumb, co-founder, Goldmoney Inc. Chief Strategy Officer & Director since 2014. CFO since 2017.

Crumb was previously, Executive Director, Goldman Sachs, Senior Metals Strategist, Global Economics, Commodities & Strategy Research Division, London. Co-founder & CFO, Coffee Flour. Director, Corporate Development, Lundin Group of Companies.

Crumb holds an M.S. in Mineral Economics, a Graduate Certificate in International Political Economy, a B.S in Engineering from the Colorado School of Mines.

Brexit

Gold did not make anyone rich today, the currencies built on debt and false promises, unproven and illogical economic theories, THIS money absolutely made people poorer today.
A few thoughts on Gold, currency and “risk free savings” in the wake of Brexit

BTC

“Bitcoin’s value is based on air and speculation”: bitcoin’s value is based on its commodity utility (global bearer-exchange with low marginal transaction cost) relative to its scarcity and replacement cost — just like any other good, service, or money. Like gold, bitcoin has a replacement cost and a manufacturing process whose value is anchored in the scarcity of time.
Bitcoin is more valuable than gold…

CAD : USD

While this is just an early pass of modeling our framework (we will dive deeper into currency to currency fundamentals in volume V of our currency price framework series), we do find that the current Canadian dollar exchange rate remains in line with long-dated energy prices and the broader model predictions as well.
Canadian Dollar to USD: Oil, Stock and Flow

Energy as a measure

What I do see is a standard unit of energy (eg 10kWh equivalent) as a conceptual standard unit of measure for value like a metre for length
Chris Cook on Twitter
Crumb's response

Goldmoney

Making gold work as practical money.

"As we close the books on our second year of operations, we'd like to further outline our long-term vision for the Company now that a solid operating base and proof of concept has been established. We continue to position clients and shareholders at the cross section of three global tailwinds: the mass digitization of money and connected global commerce; the fragmentation of traditional wealth, banking, and payment relations with new technology; and global real interest rates collapsing asymptotically to - and below - zero, eschewing an inevitable paradigm shift in global monetary systems.
Josh Crumb, CSO & CFO, Goldmoney Inc
Goldmoney Inc. (TSX: $XAU.TO) Reports Financial Results for the Year Ended March 31, 2017

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