Erik's Interview on Market Huddle re: Abaxx Technologies Investment

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 27 November 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Erik lays out the reasons he invested in Abaxx Technologies, what the company is about, and how investors can get involved when ABXX stock starts trading publicly on December 15th.

Transcript

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0:00.0	Eric, I want to get on to another story here because what we brought you on to talk about
0:06.5	here.
0:07.5	What's the story here with Abek's Technologies, the company that's sponsoring that new
0:11.0	smarter markets podcast?
0:12.7	Who are the founders of the startup?
0:14.7	How did you get involved as an angel investor?
0:17.9	Well this is Josh Crumb's venture.
0:21.7	Josh is an ex-Goldman sex commodities guy, turned Fintech entrepreneur.
0:27.3	But he's a good ex-Goldman guy.
0:29.6	He's not the usual Harvard MBA Goldman idiot.
0:32.7	He's Colorado School of Minds grad, Canadian good guy.
0:37.4	Best known is the founder of Goldmoney, which is the outfit that kind of lets you have a bank
0:42.1	account denominated in gold so you put your money in.
0:45.5	You're basically buying physical gold so it's backed by physical gold.
0:49.7	But you get an ATM card and a debit card.
0:52.5	You can go to buy a pint of beer and pay for it from your Goldmoney credit card and it
0:58.3	gets converted into gold and charged to your account and so forth.
1:01.4	So they did the combination of physical gold storage integrated with the modern financial
1:06.5	system so that you can spend it with debit cards and so forth.
1:10.2	The other founders of Abek's are veterans of the futures exchange business.
1:16.8	Not so much the trading side but the actual exchange side.
1:19.6	The guys who designed Clearport for NIMEX.
	...

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