Welcome to The Gold Collar Investor Podcast with your host Pancham Gupta. This podcast is dedicated to helping the high paid professionals to break out of the Wall Street investments and create multiple income streams. Here’s your host Pancham Gupta.

Well, hi there. I’m Robert Helms, host of The Real Estate Guys Radio Program and if you want to have better results in your life, you got to put better ideas in your mind you’re in the right place. You’re at The Gold Collar Investor Podcast.

Pancham Gupta  

Welcome to The Gold Collar Investor Podcast. This is your host Pancham. I really appreciate you for tuning in today. My guest is Jason from GLINT. Jason is a qualified architect with 20 years’ experience within the E commerce, technology and digital marketing sectors. Jason began development of GLINT in 2015 launching the first iteration of the GLINT app Three years later, Jason’s vision for the world where everyone has an equal opportunity to prosper has culminated in the creation of a global payments platform that enables its clients to buy, sell, save, send and spend real allocated gold, even at the checkout. Using the GLINT MasterCard, and the proprietary app GLINT, which also supports fiat currencies on its platform. Today has over 120,000 registered users, it is able to issue cards around the world and can open accounts in over 200 countries. GLINT regulated by the FCA in the UK has completed more than $300 million worth of transactions to date. And its client’s gold is securely stored in a bank’s vault in Switzerland. insured by banks with Lloyds of London. Gold is security, GLINT. It’s key. Jason, welcome to the show.

Jason Cozens  

Thank you. It’s, it’s great to be on the show. You know,

Pancham Gupta  

it’s a pleasure to have you on I’m super excited about this topic. I’m you know, investor in gold myself. And when I saw your company GLINT, which I see right behind people who are watching on YouTube, they can see it. You know, his company’s name is GLINT and gold is security GLINT. It’s key, right? Oh, sorry. I can see. What’s that? Yeah. So, it’s key. Yeah. So, you know, Jason will tell you all about his company. So, Jason, before we get started, are you ready to fire up my listeners break out of Wall Street investments?

Jason Cozens  

Well, I think Pancham the environment we’re currently in is gonna make that quite easy, because I think there are game changing movements of foot.

Pancham Gupta  

Absolutely. Couldn’t agree with you more there. So, Jason, why don’t you tell us about your background and talk about how you ended up starting GLINT. And what does it do? We’ll get into that later. Yeah.

Jason Cozens  

Okay, well I qualified as an architect originally. So, I’m a software architect, but an architect of design and building design, and worked in Hong Kong for a couple of years. And it was there that I first discovered my first computer properly and started to get involved in the emerging world of virtual reality the first time it was cool back in the 90s. And when I saw what computers could do in terms of being able to, well, I suddenly realized that computer technology was going to revolutionize how we as human beings can communicate with each other and work with each other and work the whole environment really. And so, I came back to England and threw myself into the world of virtual reality. So, you know, I was visualizing the Sydney Olympic Stadium before it was built and Wembley Stadium. And when the Queen St. George’s Chapel burnt down, they asked me to visualize what these fantastic historical vaulted ceilings had looked like before the fire. That’s what I was doing then. And then I started to pivot as the internet started to emerge into developing e commerce systems. So back then there was no off the shelf software. I had to hire teams of engineers and designers sounds a bit like architecture, doesn’t it? Well, I had to it is I had to use those skills I’ve learned in architecture to build these teams, and design virtual products or virtual buildings, you know, ecommerce sites and things were very, very conceptually very similar to that. So, it was a great education for me. And so, I started my company that I set up visuality started visualizing creating some of the big ecommerce platforms for a lot of the UK is high street retailers like JD sports and then later people like watches of Switzerland and do an internet marketing for all saints. So, I was in the world of, you know, digital product development and I was constantly looking everyday A four ways in which we could improve what we were doing or make it faster or could do completely new things or do things that weren’t possible before using the emerging digital ecosystem. And in 2008, when we had the global financial crisis, where I don’t know how old your viewers are, I’m sure there’s a spectrum of people. But for those of you who don’t know, we came to the verge of complete collapse of the banking system and the financial system. Analysts seeing that unfold on the news was a wakeup call for me like I think it was for many of our clients, and many of your viewers, it was a complete wake up call. And for me, the big realization was that a bank is not a risk-free deposit of funds. When you put your money in the bank, it ceases to be yours, they owe it back to you. It is put at risk when they lend that out. And I just started thinking, well, surely there must be a way in which I can store my wealth. Without that risk. What is that way? Especially when interest rates, as we’ve seen recently, ridiculously low. What’s the point in putting your money at risk? And what if I don’t want to put it at risk? You know, what if I just want to have my money? So, I started thinking about that. And of course, as you can see, in hindsight, other people were thinking the same thing. And you can see the emergence of the cryptocurrency industry, but I learned about gold. And I realized that, you know, gold is the ultimate store of value. There is nothing else on the planet, including recent innovations in cryptocurrencies that compare. And the only problem with gold, of course, though, which is accepted globally and through throughout time, is that it is a great store of value. But it is not a very good way to be able to make purchase, there’s not a good medium of exchange in today’s current world or digital world. And I thought as a person who was continuously looking at how digital technologies could be used to make things work differently, I thought, I think I could work this out, how can we enable physical gold real gold that you earn allocated to you, in a vault in Switzerland? How can we enable that to participate in electronic payments, and I set out to do that, and that’s what we’ve done in GLINT in order to protect you from the systemic risks that we saw in ’08, and that I’m sure we’ll see in the future at some point, in order to protect you from the inflation that we have. And the depreciating purchasing power of money or the increasing cost of living. We have linked to enable physical gold to be able to participate in electronic payments. So, you know, how have we done that? Well?

Pancham Gupta  

Yeah. Like, how does it work? Like, it sounds great. As an idea.

Jason Cozens  

Yeah, well, it took a lot of working out, especially understanding the payments system, because it was quiet, you know, quite very large, but the E commerce system, but not necessarily the payment system. But eventually what we’ve done is we had to become regulated, first of all, so we’re regulated by the Financial Conduct Authority, so we’re an able to be able to manage client funds. And we’ve developed an app and we’ve for GLINT and a MasterCard, GLINT MasterCard, so we’ve partnered with MasterCard, we’ve partnered with Lloyds, we’ve partnered with Brink’s. One of the biggest custodians of precious metals in the world, we’ve partnered with Lloyds of London in order to ensure that gold as well, God forbid anything was to happen with it. And what we’ve done is you’ve now got an app and a MasterCard, which enables you to use gold as EVERYDAY MONEY. And that’s why our slogan is gold is security and GLINT. It’s key because we’re a technology company that enables that to happen. Should I explain how it works. So

Pancham Gupta  

yeah, exactly. Like I had questions there. So just before I go there, the whole idea to summarize what you just said, you can have you can own gold, you know, in the world, which is kept somewhere. And then you can use that to make purchases just like you use your dollars or euros or whatever currency. Is that correct?

Jason Cozens  

Yes, right. That’s right. I use my account and my card, to be able to buy gold and save it. But also spend it you know; money is something you should be able to save and spend. And of course, I do spend it when I need to, whether that’s on special occasions, whether it’s for special expenses that I’m saving up for, or whether it’s simply to buy a sandwich or a hotel or flight or holiday. That’s what I’m using to I’m using gold as EVERYDAY MONEY. That’s what we’ve done.

Pancham Gupta  

Right. I still remember you know; I don’t know if you know, Robert Kiyosaki, he’s a big proponent of Yes. So, I was once with him at one of the conferences, and it was talking about how cash is trash. And someone asked him Okay, so what do you save your money and he’s like, I save gold. And you know, if I need some travel money and all that, obviously he has cash, but he saves gold. Right? So that’s what you’re talking about. Like if You’re storing your wealth, which is, instead of having cash in the bank, you save your money in gold.

Jason Cozens  

That’s right. I mean, what people need to realize, of course, and think about is that, you know, gold has been money for 1000s of years. And in fact, our government issued currency until very recently, it was only in 1971, that the US came off that finally came off the last vestiges of the gold standard. And you know, why did they do that? Well, the dollar was supposed to be backed by gold. But many of the world’s countries were starting to think that the US might be printing more dollars than they had gold to back it up. And the French were one of those countries and De Gaulle, famously at one of the UN meetings, and you can see this on YouTube says, I’m not sure that the US isn’t resisting the temptation to be able to print more money than they have gold. And so, the French Navy, in 1969, in 1970, was one of the big purposes was to travel to New York into New York Carver. And with crates, or pallets of US dollars and exchange them for gold. And so, the gold in Fort Knox was going down. And of course, the Americans wanted to keep hold of their gold, they valued it, as the most central banks today still hold, you know, hold quite a lot of gold. And so, they decided to come off the gold standard, I kind of see this as the greatest kind of magic trick of all time, where they came off the gold standard and said, from now on, we won’t be backed by gold. And of course, I’m sure many countries around the world can still want us to support whatever the US wanted to do, because at the time, we were in a cold war, and everybody really relying on the US to create that balance of power. With Russia. Of course, it’s a little bit ironic and worrying that they really were back in the same position. And now, we’ll talk about that in a second. But we will come off the gold standard. And at that point, the US government was able to print as many US dollars as they wanted, and the beginnings of what I call the magic money tree. And that tree has grown to gigantic, unimaginable levels. Now, the amount of money that’s been printed is enormous. And in fact, in 2020, I think depending on how you measure US dollars in existence, between 20 and 40% of all US dollars in existence were printed in that year. And I do find it ridiculous that chancellors around the world such as in the UK, Rishi Sunak, have talked about inflation as being caused by supply chain issues because of the pandemic. And even more bizarrely, because of the invasion of Russia into Eastern Europe, which of course, only just started at the end of February there. So, I’m not quite sure how inflation could suddenly come from nowhere, because the result of that was already growing. And so, nobody, nobody in government wants to talk to you about the fact that the inflation of the money supply is one of the biggest drivers, of course, of the cost of living and the increase in inflation and a gold. So, when we look at the numbers in my lifetime, last time, I did the calculations, which was before the pandemic, in my lifetime, the US dollar, and the pound and many other currencies had lost more than 85% of their purchasing power.

Pancham Gupta  

Yeah, exactly. Think about that. It’s crazy. Like, if you look at any chart from 1971 to now, you will see that and Ray Dalio, I don’t know if you know about him, and he actually talks about 1971 event as that’s the day when US government defaulted. So, he says that, like, you know, yesterday, when the actual default happened when Nixon took us off the gold standard, so, yes, right. So,

Jason Cozens  

you know, and the inflation has been insidious, you know, 2% to 3%, obviously, and sometimes it’s been greater. And in the 1970s, we had a lot of inflation. But most of the people today won’t remember that. But there are other examples about that should make you realize how bad inflation really is. Back in the 70s, my mother didn’t need to work. You know, most lot of families, it was just one parent needed to work, not both. Now, I hardly know anybody who were both parents aren’t working hard in order to make ends meet. On top of that technology, we’ve had huge advancements in technology. And yet somehow, we’re not, you know, we’re not at that utopia, which used to be painted in 1960s. About a future where we wouldn’t have to work or be flying around in in the Jetson spaceships or have everything done for us by robots. So, technology is a deflationary pressure. So, can you imagine what it would inflation would be like if we didn’t have that? And I think you can double the figures that we’ve been through over the last seven years, if you consider what the cost of you knows, how things would, would be if it was only one person working so inflation has been insidious. Now, of course, it’s there’s a tsunami of it. And so, we’re all very worried about that. And it’s I think it’s what’s pushed this whole debate about what is sound money and what can we do about it into the open with them? masses, and of course gold at the same time. Why since I’ve been alive and I was born in 1970, gold has its purchasing power is increased by over 500%. So, it’s it is the perfect store of value. And when Russia invaded Ukraine, the stock market started dropped drastically. So did cryptocurrencies gold go up, gold is valued globally, by everybody all over the world, there is nothing else like it. And with GLINT’s technology, you can now use it as EVERYDAY MONEY.

Pancham Gupta  

Yeah, so let’s talk about that. So how does it work? Right? Let’s say I’m listening to this podcast. And I’m super excited learning about this, how does it work, like I buy gold. And from GLINTs website, you store it for us, and you issue a credit card to me, for example, and then I take that credit card, go swipe it on Star in Starbucks and buy that latte, and it will take off, whatever my goal, storage will get reduced by that amount. Well, let me

Jason Cozens  

take it, take me through it very quickly. So, you download the GLINT app, or if you look for GLINT pay, you’ll find it may be a bit faster, download the GLINT of GLINT pay app from the App Store, or Google or, or the Apple app stores. And once you’ve installed on your phone, you have to register, you know, we’re a regulated business that’s all about protecting you. And we must comply with regulations, there’s some information that you have to give us. And that’s all treated very securely and privately. And that allows us to identify who you are. And once we have that information, you can be approved as a customer 80% of you will be approved automatically using our systems 20% of you will have to provide an initial a bit of extra information such as proof of address or something like that. Once you have been approved as a user, you can have your card delivered to you, so you’ve got a GLINT MasterCard, and then you’ve course you‘ve then got the app on your phone. And you can deposit some money into the app, if you’re in the US and you’d be depositing US dollars, maybe if you’re in the UK, you’d be depositing British pounds. And once that money is in the account, you can actually use your card to spend that what we call fiat currency or government issued currency if you wish, because what GLINT is about also is giving you choice, but the important part, the USP, so to speak, the thing that really people making people talk about GLINT is the ability for now to be able to buy gold, and you can buy as little as one center one pennies worth of gold on the app. And this is real physical gold that you own. It’s not anybody else’s liability. It’s not like an ETF where you’re buying a share in a fund, which might have some gold in it. It’s not like that it’s not a paper form of gold, it’s not some kind of future derivative that gives you some claim in gold and a future date. No, you are buying gold, you’re buying a piece of physical gold bar that’s in Switzerland, it’s yours. And that’s allocated to you cannot lend it out, it’s just not what’s called unallocated gold, that’s something you should I don’t think you should be buying because unallocated gold means they can do things with it without your permission, like lend it out to people put it at risk. This is allocated gold, and that is stored in the vault and insured by Lloyds of London. And that balance of that goal would then appear in your app, I’ve got an email, I’m very lucky, I’ve got 155 grams of gold in my wallet. And if I go into there, this is my expense account. And I can use the card wherever, everywhere anywhere in the world where MasterCard is accepted, of course, I can use it in my home country. And if I do that, there’s no fee. So, when they buy the gold as a very small fee of 0.5%. So, it’s very, very efficient. We’re using the scalability of technology to be able to pass those savings on to our clients. And then when you spend the gold, yes, we’re selling the gold and you know, the proceeds of that sale are going to through Mastercard’s system to the merchant to pay for the product or service that you’ve bought. But we’re not charging you anything. If you decide to sell your gold in the app for your you know, government issued currency, your dollars, your parents, we charge you half percent. So, the fees are very, very low. And if as I said, if you’re going if you’re buying it and saving and then spending on the app, there’s nothing to pay at all, we’ll use the card because the merchant gives us a little bit of the transaction to that no cost to you. So effectively what’s happening there, when you make that transaction in Switzerland, we’re selling the gold to somebody else on the globe platform who’s looking to buy it. So, there’s what’s called a netting off position, or where we’re offsetting it into the market to our liquidity providers to get the money be able to send that to the merchant. And it’s a similar kind of thing to what your bank does. If you spend your pounds in Europe or New York. That’s what the bank does. It sells your pounds for dollars and gives the dollars to the merchant we do the same but with gold. So, our platform our technology is the kind of amalgamation it’s kind of hybrid of the payments and trading platform put together to work in real time.

Pancham Gupta  

So, it is efficient in the back end to. So, these two transactions are happening where you said that there is the netting or GLINT buys it or it sells it to an outside provider of liquidity, which gets. So, all of that happens in real time when swiping my card.

Jason Cozens  

That’s right, and there’s already gold in the vault. So, our liquidity providers have provided us with gold in the vault at the time, if that gold bar is fully owned by them at the beginning. And then as our clients buy into it, it’s then jointly owned by them. And then when that gold bar is completely owned by our GLINT clients, that golf ball moves over to the cage in the vault with all the other Glink, client gold.

Pancham Gupta  

Got it. So, all the money, all the allocated gold is equal to the amount of money from the Okay.

Jason Cozens  

Absolutely. And we are audited. We have third party auditors; we must report to the FCA on a monthly about what about the funds we have in our clients’ accounts. And we also have a metals auditor as well to check that the gold is there on a quarterly basis.

Pancham Gupta  

So, is there any storage fee for as a client that I must pay for that goal?

Jason Cozens  

Yes, the storage fee is point zero

Pancham Gupta  

2% per month, per month.

Jason Cozens  

So, it’s very, very low.

Pancham Gupta  

Okay, so that’s on my side? How does GLINT really make money in this business? Right? So yes, there is half a percent for buying and selling. And then there is point zero 2% for storage that I’m sure you probably you have to spend that yourself to have it all stored. And there’s insurance costs and all that. So how is GLINT making money? Well, I mean,

Jason Cozens  

if you if you look at traditional gold exchanges, and custodian businesses, they make it simply on that on their fee and on their storage. And they build whole businesses around that correct. GLINT of course is also a payments company. So, we make a little bit of money, when you want to have your card delivered, it might cost so we might make an extra 20% on that. When the merchant as I said, in the EU, outside of the Europe, Europe and the UK, we make 1% for the merchant every time a customer loses their card. So, what you might not realize is that merchants all over the world must pay their MasterCard, acquiring companies a percentage of every transaction that’s going through their business, and we get as the issuer, we get 1%. For that, we’ll also be launching subscription services at the end of this year. So, this is where you’ll be able to get additional benefits, you’ll be able to get a certain amount of free trading on the platform, as well as other benefits around travel, and insurance, and really beautiful metal cards to other benefits within the system. So, there’ll be extra revenues there and the future holds, we got a big roadmap of new revenue streams for GLINT, which will remain very cost effective, we are here to disrupt the existing banking and Wall Street industry. So, we’re always going to be using innovative cutting and scalable FinTech to be able to bring those savings to the customer. One of the things of course, I haven’t talked about is that when you use your gold or your other currencies to spend abroad, with up to six times cheaper than the banks, we only charge you half a percent to exchange your currency into another currency outside of your home currency. And so going on holiday or traveling abroad GLINTs a fantastic product to be using in those situations to

Pancham Gupta  

got it. So let me ask you this. People who already have gold, right, know before that, so if I have a lot of gold with GLINT, right, in the vault, can I take delivery of that?

Jason Cozens  

Yeah, I mean, if you’ve got enough gold, you could take a delivery of one of the bars in the vault and bar, which might be a kilo bar, or it might be a full market bar if you’re very wealthy. But for those people who want physical delivery and smaller denominations, we do you have a system by which you can request to have your gold translated into those smaller bar or coin formats and have those sent to you there’s a there’s a format fee and a delivery fee for that to happen.

Pancham Gupta  

Got it? What about the other way around? Let’s say I have gold physically sitting somewhere in a world here in the US, and I one now, you know, just sitting there. If I want that to be sitting somewhere else instead of there in your like, you know, us GLINT to be able to use that gold reserve service for that.

Jason Cozens  

No, we don’t allow the importing of gold because all the gold inside the GLINT system has got a very strong provenance. And that is to do with we know that it has come from a London Bullion Market Association refiner, and it has always been stored in a London Bullion Market Association vault. And so, the provenance around that and the purity of the gold is sacrosanct to us. The reliability of that is very important. So, no we don’t allow gold to be imported into the system in that way by our consumer audience.

Pancham Gupta  

Grinding right So, all the gold I must purchase on your app. But yes, and is there a limit?

Jason Cozens  

Now, our clients, you know, 18-year-old, up to 90 years old, we have people you know, you can buy as little as one penny worth of gold, one cents worth of gold, you can buy millions of dollars or pounds of gold and a good platform. So, you know, GLINT’s vision is a world where everyone has an equal opportunity to prosper. And in it to that end, we’re delivering a reliable form of money to everyone. So, I’ve bottom-up return to sound money or as more parochial a phrase would be, you know, your own personal gold standard. So, it is available for everybody

Pancham Gupta  

got it? And how do you manage the overall I know, gold’s volatility is not like stock market, but it goes up and down right daily. And if I’m buying today, you said it’s pot plus five, half a percent, right, I would have to pay. So, if the goal went goes up crazy, let’s say doubles in value, right? So, I would have that much more money to be able to spend. So, if I say in the excellently

Jason Cozens  

that that is your metal, that is your muscle. And if the value of that gold is increased, then that’s great. And of course, although the value of gold fluctuates over time, or should I say, I think gold is the golden constant, I think it’s the confidence in fiat currencies, such as pounds and dollars that fluctuates and generally fluctuates, Greg Boyle is gold, you know, yeah, the perception is often that, you know, the gold price is fluctuating and going up and down. So, it does fluctuate, but you’re better, you’re the benefits of that long term gain and the price of gold.

Pancham Gupta  

Got it? Okay, so let’s say I buy it for $2,000, right, one ounce, let’s say it’s $2,000. And I pay half a percent on that. And then after I have it in my account, it’s efficient enough, if it goes to 3000, I’m just using my credit card. And I’m spending that I mean, there’s no fee on top of that, as a consumer, for me to spend those $3,000.

Jason Cozens  

Now, our systems working in real time within we have a service level agreement with MasterCard, which means we must authorize transactions in hundredths of a second. And so, you know, it’s not like a cryptocurrency on the blockchain, where transactions can take days sometimes when the network gets busy, there is no huge gas fees like you have with cryptocurrencies. And so actually a lot of cryptocurrency people who now I think now we’re starting to realize that cryptocurrencies are what we call a risk on assets. It’s a speculative asset. When they’ve made their games they’re moving it into GLINT their proceeds into GLINT’s, not as cryptocurrency but they’re using the proceeds of their cryptocurrency sells, then buy gold. And that’s their kind of safe money. But yeah, transactions happen within hundreds of milliseconds. So the authorization requests, it’s quite amazing, really, you know, you swipe your card, in a foreign country, anywhere in the world, and that you know, hundreds of millions of places where MasterCard accepted, that transaction comes to us, we check how much gold you’ve got, we check what the real time price of gold is, in that very moment, we then decide to authorize the transaction that will happens within hundreds of milliseconds. Got it.

Pancham Gupta  

So where do you check for the price of gold in your automated systems? Does it go pain like London Metal Exchange? Like where does it go to get that price?

Jason Cozens  

We’ve integrated our platform into the market. So, we have that stream of prices coming in, in real time into our system. Got

Pancham Gupta  

it? Got it. Cool. Cool. Well, that sounds intriguing. I’m definitely going to look into that.

Jason Cozens  

Thank you. Yeah, yeah, I mean, you know, what people have to do is wake up to the fact that governments and central banks are not going to change what they’re doing. Now. I can’t imagine any policymaker, that’s going to take us off the magic money tree that, you know, system that we have right now. And so, inflation is here to stay, you know, risk within the system is increasing to dramatic levels. And a lot of people I speak to her a lot cleverer than I am in terms of understanding the markets are very worried about what’s happening is also with the stock market with a general financial system as well. So not only do we have we have we ever in roaring inflation, but we also have a systemic problem building now, with the markets and with the financial system. We’ve just entered a Cold War. I mean, this is wake up to that, you know, unfortunately, I think, you know, most market participants have no idea about what inflation means, because it was a roaring inflation really didn’t have it was in the 70s. So, you would have been, you know, you if you’re under 60, 65 You’ve got no idea what inflation really means to an economy, and I think people are kind of half expecting that it’s kind of going to go quite go away quickly. Like you know, although the things that government’s going to face and me special weapons into the financial system to solve it. Well, they did have their weapons that was quantitative easing, and they don’t work anymore and the result of it is a bubble within the stock market is roaring in motion and systemic risk. And now we have also Cold War. And you know, if you’re 40, today, you were only seven, when the Berlin Wall came down, and I was lucky enough, actually at the age of 16, to be able to go through Checkpoint Charlie, and see and feel the tension and the problems, you know, it was very pervasive in society back in the 80s. So, you know, the world has changed. I think we’re going to be having to look for new, completely new paradigms, and how we do things, you’re back to your original question about the stock markets and things people have to completely rethink how it is that they store their wealth, and how they invest their wealth. I ban the word investment in relation to gold, I don’t see gold as an investment. I just see it as a store of value. I just see it as money. Investments, for me are things where you risk, and you invest in people, endeavors, and businesses. Gold is just a store of value. It’s just a ledger, and we’ve enabled it as EVERYDAY MONEY.

Pancham Gupta  

Awesome. This is great. Thank you, Jason. We will be back after this message to go on to the second part of the show. Do you ever feel overwhelmed by the thought that you have no time after work, and family time to learn about investing? Do you feel left behind that you are not putting your money to work for you? Do you want to create passive income, but you do not know where to start? If so, I have good news for you. I have created an investor Club, which I call the gold collar investor club for accredited investors, I will be putting together investing opportunities exclusively for this group. These are the opportunities where I have done my part of the due diligence for you and will be investing my own money alongside you. If you are interested, please sign up on the gold collar investor.com forward slash club, I repeat the gold collar investor.com forward slash club, I will reach out to schedule a 30-minute phone conversation to discuss your investing goals. Once you sign up, this can be a good opportunity to diversify and take some chips off the hands of Wall Street to produce some cash flow. And in case you are wondering, what is an accredited investor, credited investor is someone who has earned more than 200,000 as filing single, or more than 300,000 Filing Jointly for the last two years. Another way to qualify as an accredited investor is if your total net worth is more than $1 million. Excluding your personal home. It includes your stocks, 401, K’s, IRAs, cars, etc. Just not the equity in your personal home. If this, is you, I would highly encourage you to sign up? Let’s move on to the second part of the show, which I call taking the leap round. My first question for you, Jason is when the first time was you invested outside of Wall Street.

Jason Cozens  

So, you know, I’m somebody actually who’s I’ve always worked for myself, I’ve never worked for anybody else. I think maybe when I was at university, I did have a job somewhere temporary work, you know, whilst I was a student to save it for my first computer, but I’ve not worked for anybody else. And so, my first investment outside Wall Street was in myself. And that was setting up my first business visuality to develop these virtual reality solutions. As I said, the first time it was cool back in the 90s. And take a bet on myself.

Pancham Gupta  

Yeah, no, that’s awesome. So did you have any fears that you had to overcome when that started that

Jason Cozens  

is quite a while ago, and I think probably I benefited from the delusions of my perfect success that I had in myself, you know, when your young person, it’s a perfect time to set up your own business in many ways, because it totally delusional about your success? I’ve talked to friends, since who knows spent a lot of time working in businesses and for corporates, and of course, you become institutionalized to some extent. And I think as you get older, it becomes harder to be able to take the leap into entrepreneurship. And you know, I don’t know anything else now. So, I would struggle to, you know, for me, I’d have to overcome a lot to go and work for somebody else and work in a business. But I it was very, it was quite easy for me then, although, you know, I had to make it to learn all my get all my mistakes and learn from them. And they were they’ve been lots of those.

Pancham Gupta  

And yeah, that’s true. And you’re so right. It’s very hard, the older you get and more. You know, you set in your ways, it’s very hard to get overcome and go do a different thing. So alright, my third question for you is can you share with us one investment that did not go as expected? Yes.

Jason Cozens  

Well, I think I didn’t think anything ever goes as expected. I mean, I you know, I think that it certainly investments in the businesses that I’ve created, I sometimes liken them to children and anybody Have you who’s had a child might recognize this is that, you know, before they’re born, you have kind of all kinds of ideas about what they might be, first of all, you might be wondering, thinking, Oh, it’s got to be a boy or it’s got to be a girl, then of course, they get born. And it’s not what you expected, there’s one or the other. And then you have kind of ideas about who they might be, or what they might be, you might be arrogant enough to think they’re going to be like you turned out to be very different. Or you might be thinking, there’ll be like, your first child, if you are having a second one, you know, I see businesses as a bit like that you’re giving birth to something. And even if you’ve got all kinds of ideas around its design, it starts to grow and have a life of its own. And so, in a way, you must be used to it, everything been unexpected. And, you know, for me, failure, is it to be expected. And constant failure is what optimization is, you know, optimization is well, okay, we tried something, we tried it this way. And now we’ve tried it a different way. And it’s better, which would indicate the way you were doing it before was the wrong way. And so actually, optimization is a constant state of rolling failures, but you know, improving it each time with how you do it. But certainly, they’ve been bigger failures than others, you know, and I remember back in the digital marketing, product development days, and I decided that we should open if we’re so good at giving all this advice to our clients, you know, we should try and do this ourselves. So why don’t we set up a business and we and we picked a product category and decided to do it. Of course, what I what I failed to understand is that although we did have lots of experience and expertise, in digital product development, and digital marketing, I knew nothing about the product category that I was doing. So, of course, the lesson there is not your know your stuff, or bring somebody in who knows their stuff, make sure you know what you’re doing in all areas, not just in how you deliver it to customers, but actually that inherent product itself.

Pancham Gupta  

Yeah, thank you for that answer. And I 100% agree with you. So, my last question for you is what is one piece of advice would you give to someone who’s thinking of investing in your case in yourself in themselves? And well, versus let’s say they’re working in corporate, for example?

Jason Cozens  

Well, I mean, investing in Wall Street, so yourself, I mean, I, I thoroughly recommend everybody to believe in themselves, the only thing stopping you is yourself, believe you’ve got to destroy all glass ceilings, about what is possible, everything is possible, you can achieve anything. If you want to put your mind to it. Obviously go put the hours in, you don’t have the time in. But you know, it’s amazing what people can achieve. But going back to original nuance on that question about Wall Street, I think we’re in unprecedented times, it’d be very easy to think, oh, well, you know, the stock markets, especially the Tech has dropped, you know, 25% and cryptocurrencies dropped 50% Now’s the time to start buying into them. And I would just, you know, I think a lot of people around me had a huge amount of caution around this, especially people who’ve seen cycles before they’ve seen it, they’ve got a huge amount of experience going back gentlemen, decades, and even generations with some old money they’ve experienced, and wisdom has been passed down. But the scary thing is they’re all telegraphing to me is that this is totally unprecedented. We’ve never been in this situation before. Yeah. And so be very careful assuming that this is the time to start buying into the stock market. But I say it’s always the right time to start believing in yourself.

Pancham Gupta  

Yes, exactly. Exactly. Well, thank you, Jason, for your time here and sharing your knowledge. If someone wants to connect with you, or find out more, how can they reach you?

Jason Cozens  

Yeah, well, you can go to the website, www.glintpay.com. That’s GLINTpay.com G-L-I-N-T And you can also go to our LinkedIn page, our YouTube channel, I’ve got my own personal Instagram, there’s a company Instagram, there’s a company Twitter account, this my own personal Twitter account, which I’ve just started getting going. But you know, please follow us. Please try it out, see what you sell. Think yourself, just put $10 on and see how it works. I’m sure you’d be pleased with it. But you know, we’ve got about 120,000 users at the moment. And that’s grown across the UK, Europe and the USA. And the products getting better every year. If you find things that you think could improve it, then do write in and tell us. We’re very interested in user feedback. But we think there’s the opportunity and we have the capability to build a complete global financial services ecosystem based on gold. Gold phi, if you wish is one way to call it but I’d encourage everybody to get on their own personal gold standard.

Pancham Gupta  

Thank you. Thank you, Jason, for your time. Thank you. Thank you for tuning in today. That was a great episode with Jason. I really am intrigued by this idea of GLINT and I’m going to check it out for sure. If you have questions, do not hesitate to reach out to me at P@thegoldcollarinvestor.com This is Pancham signing off. Until next time, take care.

Thank you for listening to The Gold Collar Investor Podcast. If you love what you’ve heard and you want more of Pancham Gupta, visit us at www.thegoldcollarinvestor.com And follow us on Facebook at the gold collar investor. The information on this podcast are opinions as always, please consult your own financial team before investing