Goldmoney Earnings
By Julien B. Booth
August 6, 2020
Good Morning:
I hope this note finds you safe and healthy.
For some time I have struggled with the demand for “instant space” valuation of everything. Companies, relationships, and natural elements all develop in the context of time.
Ascribing value inside of instant space is a fool’s errand. Natural laws and human cooperation ultimately must reconcile.
Many investors (mostly men) tend to be quite impatient, and subject to extreme FOMO (fear of missing out). The idiocy of the current stock market is quite demonstrative of this fact.
See mania: an excessive enthusiasm or desire; an obsession.
History (i.e. time) will reconcile if promise-full, yet profit-less, companies are good investments. We think not. All politicians seem to act in a similar manner.
The stock market is not going up. Gold is not going up. Residential real estate is not going up. Our currency, and its future value expectation, is going down.
This concept needs to be understood – the coming time will be much different than in the past.
“There are decades where nothing happens; and there are weeks where decades happen” – Vladimir Ilyich Lenin.
I greatly appreciate our investors’ patience with Goldmoney and Mene.com. I am grateful to work for prudent and patient people. Thank you.
The Goldmoney results speak for themselves. Please read at your convenience.
Thank you for letting me work for you.
JBB