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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Josh's Gold Market Journey
- Josh Crumb started disliking gold as a mining engineer in the late 1990s, considering it less useful than copper or aluminum.
- His perspective evolved through corporate finance and modeling, realizing gold's distinct role as low-volatility commodity money.
Gold's Low Volatility Value
- Gold's importance stems from its low volatility, which is tied to storage capability and commodity utility.
- Low volatility forms the basis for gold's role as money and makes it valuable as a stable measure for wage payments.
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.