SmarterMarkets™ Gold for the 21st Century Episode 6 | Josh Crumb, Founder & CEO, Abaxx Technologies
23 snips
May 3, 2025 
In this engaging discussion, Josh Crumb, Founder & CEO of Abaxx Technologies, explores the evolving gold market and its essential role in today’s economy. He shares his journey from skepticism to advocating for gold as a stable asset amidst financial uncertainties. Crumb delves into the intersection of gold, cryptocurrency, and financial tech, while introducing innovative gold futures contracts in Singapore. He also discusses the future of gold ownership with 'full digital title,' set to revolutionize market efficiency and trust.
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Crisis Renewed Gold's Relevance
- The 2007-08 financial crisis changed trust dynamics in money and monetary policy, boosting gold's mainstream appeal.
- Gold remains durable due to growing global demand and high energy cost of production, making its value relatively stable.
Bitcoin as Digital Gold Concept
- Bitcoin was designed as digital gold, with proof of work mimicking gold's energy cost and scarcity.
- Real-world gold requires layered trust like legal systems and insurance, making a direct blockchain wrap of gold impractical.
Liquidity Limits of Tokenized Gold
- Tokenizing real-world assets like gold oversimplifies complex real-world attributes and limits liquidity.
- Central cleared futures markets hold more liquidity than blockchain tokens due to their structure and multi-venue integration.