Bob Moriarty of 321 Gold chronicles MGX Minerals’s wild ride from $0.69 to $2.75 to $0.92 in three weeks.
On the 20th of January I was introduced to a new potential advertiser for 321gold and 321energy named MGX Minerals Inc. (XMG:CSE; MGXMF:OTCPK). I was quite impressed with both the President of the company, Jared Lazeson, and his vision for the future of his company.
He reminded me a lot of a fellow I met in the summer of 2011. Back then for hours we discussed the concept of a gold backed banking system. We drove around Colombia visiting a copper/gold explorer south of Medellin. We spent hours trapped in the back of a van chatting about how you could make gold the basis of a banking scheme. His name was Roy Sebag. He ran with his idea after a few modifications and turned it into BitGold that eventually bought GoldMoney. He was all of 25 at the time and easily one of the three smartest guys I have ever met.
He modified his plan over time and in 2015 started BitGold. It’s been a giant success since it allows everyone to go on his or her own personal gold standard. He’s probably made $100 million in share appreciation. He’s all of 31 now and no doubt has a golden future. The money is really no big deal; he made $50 million in well-timed investments by the time he was 25 from an initial start at the age of about 18.
When I talked to Jared Lazeson in January I got the same feeling of dealing with a very bright guy who understood just where he was going to go and how he was going to get there. So he probably would also qualify as being on …read more