Computerized Gold Industry Overview

Presentation Transcript

Advanced Gold Industry Overview Jim Davidson Free Market Monetary Education Association www.freemarketmoney.org 13 December 2006

The Digital Gold Economy Ten years of age Key Entrepreneurs High level members Growing Sound Economics

History of the Digital Gold Industry Founded 1996 by Doug Jackson of e-gold Liberty Dollar established in 1998 by Bernard von NotHaus In 2001: GoldMoney established by James Turk; e-Bullion established by Jim & Pamela Fayed; 1MDC established by JP May; Pecunix established by Sidd Davis In 2005: Loom established by Patrick Chkoreff; Phoenix Dollar established by Gordon Hayes

Key Entrepreneurs Doug Jackson Co-established e-gold 1996 with Barry Downey. Melbourne, Florida. Looks for opportunity from default hazard, conclusiveness of settlement, worldwide reach. Bernard von NotHaus Founded Liberty Dollar 1998. Money related draftsman for a very much composed aggressive coin. A quarter century mint ace Royal Hawai'ian Mint. Creator of The Liberty Dollar Solution.

Key Entrepreneurs James Turk Founded GoldMoney in 2001. Worried about disappointment of Herstatt bank in June 1974. Created computerized gold arrangement. Creator of Coming Collapse. Simon "Sidd" Davis Founded Pecunix in 2001. Structural architect, software engineer, business visionary.

Key Entrepreneurs Jim Fayed Co-established e-Bullion in 2001 with spouse Pamela Fayed. Cousin to Dodi al-Fayed. Goldfinger Coin and Bullion coin shop proprietor. JP May Founded 1MDC in 2001. Multi-mogul programming business person, Interesting Software, Ltd. Created BestGoldCard in 2005.

High Level Participants Doug Casey Recommended GoldMoney in his International Speculator bulletin. Smash hit creator, business person, monetary counsel. Wes McCain Towneley Capital Management (est. $8 billion under administration) is a chief in GoldMoney

High Level Participants Clifford Press Chairman of GoldMoney. Helped to establish Hyde Park Holdings in 1986 with Laurence Levy. Hyde Park claims High Voltage, a modern holding organization with yearly incomes of $500 million, and different organizations . DRD Gold, Ltd. Shareholder in GoldMoney. This 111-year old gold mining organization has yearly incomes of $250 million. IAMGold Corp. Shareholder in GoldMoney. Mid-level gold mining organization.

Size $293 million in gold, silver, and different metals are put away to give reclamation to computerized gold monetary forms available for use Four and a half million records crosswise over eight noteworthy cash benefits About 50,000 dynamic web stores offering items and administrations in return for gold About $10 billion in financial exchanges in 2006

Market Share by Circulated Value Note: Not all advanced gold coinage report flow.

Market Share by Users Estimates in view of different sources.

e-gold development Gold region is gold bars available for use Red line is expense wage to e-gold from all record spend movement

e-gold measurements Account esteem conveyance histograms Note: Largest gold records are likely 1MDC stockpiling accounts, speaking to ~80,000 auxiliary clients.

Industry development - exchanges a huge number of dollars 2006 2004 Source: indomitus.net/2004status.html

Industry development - accounts a large number of records 2006 2004 Source: indomitus.net/2004status.html

Industry development - online stores 2006 2004 Source: indomitus.net/2004status.html

Industry development - esteem put away a huge number of dollars 2006 2004 Source: indomitus.net/2004status.html

Why are clients picking it? Online accommodation Reduces cash trade hazard Concerns about expansion exchange shortfalls monetary shortages war Good store of significant worth Financial protection

Limitations Inconvenient to change over fiat to advanced Inconvenient to change over computerized to fiat Liberty Gold Card beats both confinements

Conclusions Industry is vast and developing Product life cycle has finished trailblazers and early adopters, beginning on standard Liberty Gold Card is all around situated to draw in fifty thousand to one hundred thousand clients