Jan Skoyles appeared on the Keiser Report to announce some changes at The Real Asset Company in the UK. “I’ve just been made the CEO of The Real Asset Company,” she said. Max Keiser, the characteristically hair-challenged economist, bitcoin enthusiast and host of the show, asked her how it felt to be a CEO now. “Quite excitingly scary,” she said. “A good challenge, I’m really looking forward to it. I absolutely love my job. I love working the gold industry, and I’m quite excited to be heading up The Real Asset Company now, and taking it into new directions.”
Keiser mentioned investment firms Euro Pacific Capital and Gold Money recently getting into the bitcoin game thanks to his recommendation, and he asked Skoyles about her reasons for making the jump. “Yeah, well I think it was about a year, just over a year ago, you described me as ‘bit curious.’ We sat here and we talked about bitcoin, and I decided to look into bitcoin, and you said, ‘You’re a bit bit-curious.’ And so we’ve looked at it a lot more, and so in the next month or so, by September, we’ll be launching our bitcoin-for-gold exchange. Which is, I think that’ll be, like Peter Schiff was saying, the people that are interested in bitcoin are generally those that understand gold as well. I don’t see them as competitor investments, as it were, or competitor assets. Instead they are very much complimentary, and it makes sense to use them and facilitate them in that way, in terms of, you know, for you maybe saving your gold, spending your bitcoin. So I think that would be a really good addition to the platform we’ve currently got.”
Later in the interview Skoyles revealed another landmark change for the company. “But in terms of being CEO of The Real Asset Company, one of the things I wanted to talk to you guys about today was the fact that we are launching a gold-backed cryptocurrency that’s going to be launching in October. A gold-backed cryptocurrency to be called Goldfish. That’s going to be the name of our gold-backed cryptocurrency which will be available to buy at The Real Asset Company in the autumn. It’s very exciting.”
When asked about the meaning of crypto-gold, she explained, “We’re literally putting gold onto the blockchain. You and I both know that the blockchain works as a ledger system, so it’s another way of showing your gold holdings. It will be audited by a major auditing firm, but I can’t say their name at the moment. So that’s kind of the stage one, that this is another way of storing your gold, on the blockchain. It’s still stored in vaults, so you have a currency and in that respect you can then use it. It’s a much easier way of trading gold, and hopefully at some point as a medium of exchange as well, that you can be spending your gold.”
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