David Dorr: Modernizing Gold For A Digital Age

Tom welcomes a new guest to the show, David Dorr. David is the co-founder of Coro Global, a mobile application that combines gold with secure digital payment technology.



David discusses his background in finances and how it ties nicely with the services CORO provides. The pandemic accelerated the demand for digital payment services in 2020. Their service allows people to purchase gold as a digital asset and transmit that gold as money. He contrasts how paper money created a convenience factor over gold and why people today want better solutions than just paper.



David outlines how they can improve, improve effectiveness, and the ease of compliance procedures. The benefits of distributed ledger technology include auditing, transparency, resiliency, and settlement speed. They focus on allocated gold with their customers tied to XAU for the value of their holdings.



He explains the advantages of using Hashgraph technology to build a platform that allows for auditing and then optionally coupling it with a token or representation of wealth. He discusses some of the risks with crypto and severe concerns regarding Tether.



David discusses where the US dollar may be heading and why there may not be many options left for government and central banks.



Talking Points From This Episode



* David's background in financial markets.* Solving money transmission problems.* Gold and transmitting value to others.* Utilizing hashgraph blockchain tech.



Time Stamp References:0:00 - Introduction0:34 - David's Background3:34 - Modernizing Gold5:06 - Problems CORO Solves8:43 - Improving Compliance13:34 - CORO Overview15:15 - Plans for 202116:24 - Gold & Blockchain Tech19:17 - Hashgraph System23:16 - Gold Vs. Bitcoin27:24 - Bitcoin Vs. Hashgraph30:59 - Digital Gold Standard?33:16 - Scaling34:40 - US Dollar Outlook38:36 - Self Education40:20 - Wrapup



Guest Links:Twitter: https://twitter.com/CoroGlobalWebsite: https://coro.global/



David Dorr has more than 20 years of experience working at the crossroads of the insurance and capital markets industries; David is widely viewed as an expert in cross-border structuring and capital flows. David is the Co-Founder and Managing Principal of Dorr Asset Management, a multi-family office that provides global macro investment advisory and international estate planning to its global clients. A scholar of Austrian economics, David has a deep understanding of the gold industry and its fungibility as a reliable asset throughout the ages.