If you believe, as Roy Sebag and Josh Crumb do, that the real value in gold is not holding it as an investment but using it as money, then you should check out BitGold (TSXV: XAU), the company they founded that uses an Internet-based technology that connects free vault storage with payment networks.
Sebag, a 29-year-old former hedge fund manager, and Crumb, a 35-year-old former senior metal strategist at Goldman Sachs, have created a financial services platform that allows users to buy gold, store gold and pay for goods and services using gold as the currency, anywhere in the world.
Investors seem to buy their view that gold is a better store of value than currencies, and that the time has come for a new payment system using the precious metal. Since listing at 90¢ on May 13, BitGold’s share price has been rising rapidly, closing at $6.68 on May 19.
Read the complete article at NorthernMiner.com/news/bitgold
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