SmarterMarkets™ Holiday Special Part 2 | Josh Crumb, Founder & CEO, Abaxx Technologies + Abaxx Exchange Metals Team
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Jan 4, 2025 
In this engaging discussion, Josh Crumb, Founder & CEO of Abaxx Technologies, shares insights on enhancing commodities market infrastructure. Steve Lowe, an expert in institutional gold trading, dives into the dynamics of gold, from COVID-19 effects to geographical shifts in demand. David Gornall sheds light on battery metals, addressing arbitrage challenges and ESG issues in Europe. They emphasize the need for transparency and technological advancements to improve efficiency in both gold and battery material markets, setting the stage for a more reliable future.
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Gold's Intrinsic Value
- Gold's value isn't solely based on financial use cases, but on fundamental properties like production cost and utility.
- Its high production cost, driven by scarcity and energy input, establishes a consistent value floor.
The Gold Market Divide
- The institutional gold market, a small, exclusive network of financial institutions, operates separately from the retail market.
- This separation creates a barrier for smaller jewelers and retail clients, forcing them to pay intermediaries for access.
Dubai Gold Pricing
- In Dubai, jewelry pricing is transparent, with a small markup based on the international gold price.
- In contrast, Western jewelry stores often have significant markups, highlighting the pricing disparities between markets.