1. GoldMoney Foundation

2. Title Slide Box Document slug: date/pp # Title & Headline Private Currency James Turk 3 March 2011 Digital Money Forum London GoldMoney

3. Title Slide Box Document slug: date/pp # Title & Headline Money is a mental tool that enables economic calculation GoldMoney Money & currency

4. Title Slide Box Document slug: date/pp # Title & Headline Money is a mental tool that enables economic calculation –unchanged throughout history GoldMoney Money & currency

5. Title Slide Box Document slug: date/pp # Title & Headline Money is a mental tool that enables economic calculation –unchanged throughout history Currency is a medium of exchange GoldMoney Money & currency

6. Title Slide Box Document slug: date/pp # Title & Headline Money is a mental tool that enables economic calculation –unchanged throughout history Currency is a medium of exchange 1.improves as a result of technological innovations GoldMoney Money & currency

7. Title Slide Box Document slug: date/pp # Title & Headline Money is a mental tool that enables economic calculation –unchanged throughout history Currency is a medium of exchange 1.improves as a result of technological innovations 2.essential nature has fundamentally changed GoldMoney Money & currency

8. Title Slide Box Document slug: date/pp # Title & Headline Money is a mental tool that enables economic calculation –unchanged throughout history Currency is a medium of exchange 1.improves as a result of technological innovations 2.essential nature has fundamentally changed –government currency or private currency GoldMoney Money & currency

9. Title Slide Box Document slug: date/pp # Title & Headline Bank of England established, 1694 GoldMoney Key events in the history of currency

10. Title Slide Box Document slug: date/pp # Title & Headline Bank of England established, 1694 Newtons Gold Standard, 1700-1914 GoldMoney Key events in the history of currency

11. Title Slide Box Document slug: date/pp # Title & Headline Bank of England established, 1694 Newtons Gold Standard, 1700-1914 Peels Bank Act, 1844 GoldMoney Key events in the history of currency

12. Title Slide Box Document slug: date/pp # Title & Headline Bank of England established, 1694 Newtons Gold Standard, 1700-1914 Peels Bank Act, 1844 Keynesian revolution GoldMoney Key events in the history of currency

13. Title Slide Box Document slug: date/pp # Title & Headline Bank of England established, 1694 Newtons Gold Standard, 1700-1914 Peels Bank Act, 1844 Keynesian revolution –The gold standard is already a barbarous relic. J.M. Keynes, 1923 GoldMoney Key events in the history of currency

14. Title Slide Box Document slug: date/pp # Title & Headline Bank of England established, 1694 Newtons Gold Standard, 1700-1914 Peels Bank Act, 1844 Keynesian revolution –The gold standard is already a barbarous relic. J.M. Keynes, 1923 –Gold Standard ends 1971, currencies no longer redeemable into gold GoldMoney Key events in the history of currency

15. Title Slide Box Document slug: date/pp # Title & Headline Bank of England established, 1694 Newtons Gold Standard, 1700-1914 Peels Bank Act, 1844 Keynesian revolution –The gold standard is already a barbarous relic. J.M. Keynes, 1923 –Gold Standard ends 1971, currencies no longer redeemable into gold –govts can create currency without limit GoldMoney Key events in the history of currency

16. Title Slide Box Document slug: date/pp # Title & Headline Keynesian chalkboard theories fail GoldMoney Key events in the history of currency

17. Title Slide Box Document slug: date/pp # Title & Headline Keynesian chalkboard theories fail –when currency can be created without limit, there are consequences GoldMoney Key events in the history of currency

18. Title Slide Box Document slug: date/pp # Title & Headline Keynesian chalkboard theories fail –when currency can be created without limit, there are consequences –these include inflation, global imbalances and sovereign wealth funds GoldMoney Key events in the history of currency

19. Title Slide Box Document slug: date/pp # Title & Headline Keynesian chalkboard theories fail –when currency can be created without limit, there are consequences –these include inflation, global imbalances and sovereign wealth funds –Gold still represents the ultimate form of payment in the world. Alan Greenspan, 1999 GoldMoney Key events in the history of currency

20. Title Slide Box Document slug: date/pp # Title & Headline Keynesian chalkboard theories fail –when currency can be created without limit, there are consequences –these include inflation, global imbalances and sovereign wealth funds –Gold still represents the ultimate form of payment in the world. Alan Greenspan, 1999 –gold remains the standard by which all things are measured – gold is money GoldMoney Key events in the history of currency

21. Title Slide Box Title & Headline GoldMoney Gold is money Crude Oil Prices (Base of 100) January 1950 through December 2010 50556065707580859095000510 0 2000 4000 6000 8000 British pound

22. Title Slide Box Title & Headline GoldMoney Gold is money Crude Oil Prices (Base of 100) January 1950 through December 2010 50556065707580859095000510 0 2000 4000 6000 8000 British pound US dollar

23. Title Slide Box Title & Headline GoldMoney Gold is money Crude Oil Prices (Base of 100) January 1950 through December 2010 50556065707580859095000510 0 2000 4000 6000 8000 British pound US dollar euro

24. Title Slide Box Title & Headline GoldMoney Gold is money Crude Oil Prices (Base of 100) January 1950 through December 2010 50556065707580859095000510 0 2000 4000 6000 8000 British pound US dollar euro goldgram

25. Title Slide Box Document slug: date/pp # Title & Headline Gold is special because it is different GoldMoney Gold, money & currency

26. Title Slide Box Document slug: date/pp # Title & Headline Gold is special because it is different –accumulated (saved); not consumed GoldMoney Gold, money & currency

27. Title Slide Box Document slug: date/pp # Title & Headline Gold is special because it is different –accumulated (saved); not consumed –large aboveground stock is the gold money supply GoldMoney Gold, money & currency

28. Title Slide Box Document slug: date/pp # Title & Headline Gold is special because it is different –accumulated (saved); not consumed –large aboveground stock is the gold money supply –value derives from usefulness GoldMoney Gold, money & currency

29. Title Slide Box Document slug: date/pp # Title & Headline Gold is special because it is different –accumulated (saved); not consumed –large aboveground stock is the gold money supply –value derives from usefulness food GoldMoney Gold, money & currency

30. Title Slide Box Document slug: date/pp # Title & Headline Gold is special because it is different –accumulated (saved); not consumed –large aboveground stock is the gold money supply –value derives from usefulness food shelter GoldMoney Gold, money & currency

31. Title Slide Box Document slug: date/pp # Title & Headline Gold is special because it is different –accumulated (saved); not consumed –large aboveground stock is the gold money supply –value derives from usefulness food shelter communication (interaction in society) GoldMoney Gold, money & currency

32. Title Slide Box Document slug: date/pp # Title & Headline Gold is special because it is different –accumulated (saved); not consumed –large aboveground stock is the gold money supply –value derives from usefulness food shelter communication (interaction in society) Gold is special because it is money GoldMoney Gold, money & currency

33. Title Slide Box Title & Headline GoldMoney Gold is money Crude Oil Prices (Base of 100) January 1950 through December 2010 50556065707580859095000510 0 2000 4000 6000 8000 British pound US dollar euro goldgram

34. Title Slide Box Title & Headline GoldMoney Portfolio composition ASSETS Investments Other Assets 100% 0 50% LIQUIDITY Units of Wealth

35. Title Slide Box Document slug: date/pp # Title & Headline A safe place to put our currency GoldMoney Currency for the 21 st century

36. Title Slide Box Document slug: date/pp # Title & Headline A safe place to put our currency –Not banks because of the boom and bust cycle caused by fractional reserve banking GoldMoney Currency for the 21 st century

37. Title Slide Box Document slug: date/pp # Title & Headline A safe place to put our currency –Not banks because of the boom and bust cycle caused by fractional reserve banking An efficient – low cost – currency for global commerce GoldMoney Currency for the 21 st century

38. Title Slide Box Document slug: date/pp # Title & Headline A safe place to put our currency –Not banks because of the boom and bust cycle caused by fractional reserve banking An efficient – low cost – currency for global commerce –No clearing, settlement, payment risk or political risk GoldMoney Currency for the 21 st century

39. Title Slide Box Document slug: date/pp # Title & Headline A safe place to put our currency –Not banks because of the boom and bust cycle caused by fractional reserve banking An efficient – low cost – currency for global commerce –No clearing, settlement, payment risk or political risk GoldMoney Currency for the 21 st century

40. Title Slide Box Document slug: date/pp # Title & Headline The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost. Federal Reserve Chairman Ben Bernanke GoldMoney

41. Title Slide Box Title & Headline GoldMoney Loss of natl currency purchasing power Gold % Annual Change USDAUDCADCNYEURINRJPYCHFGBP 20012.5%11.3%8.8%2.5%8.1%5.8%17.4%5.0%5.4% 200224.7%13.5%23.7%24.8%5.9%24.0%13.0%3.9%12.7% 200319.6%-10.5%-2.2%19.5%-0.5%13.5%7.9%7.0%7.9% 20045.2%1.4%-2.0%5.2%-2.1%-0.0%0.9%-3.0%-2.0% 200518.2%25.6%14.5%15.2%35.1%22.8%35.7%36.2%31.8% 200622.8%14.4%22.8%18.8%10.2%20.5%24.0%13.9%7.8% 200731.4%18.1%11.5%22.9%18.8%17.4%23.4%22.1%29.7% 20085.8%33.0%31.1%-1.0%11.0%30.5%-14.0%-0.3%43.7% 200923.9%-3.6%5.9%24.0%20.4%18.4%27.1%20.3%12.1% 201029.8%14.0%24.3%25.3%39.1%25.0%13.2%17.0%34.5% 10-Year Average 18.4%11.7%13.8%15.7%14.6%17.8%14.9%12.2%18.3%

42. Title Slide Box Document slug: date/pp # Title & Headline In a free country the monetary unit rests upon a fixed foundation of gold or gold and silver, independent of the ruling politicians. Howard Buffett, father of Wall Street legend Warren Buffett GoldMoney An important reason for private currency

43. Title Slide Box Document slug: date/pp # Title & Headline james.turk@gmyf.org www.goldmoneyfoundation.org GoldMoney