A Golden Moment at the Mesh Pro Club Webinar

Fresh from his Magic Markets podcast conversation with Mesh.trade’s Connie Bloem and Rob Mackay, Mohammed Nalla, CFA – also known as “Moe-Knows” – appeared as the special guest in the first Mesh Pro Club Webinar.

He provided the big-picture background to TroyGold’s tokenised gold offering on Mesh, giving an overview of gold’s rich history as an asset and unpacking the glittering investment case for gold in 2025.

From 11 to 25 March 2025, registered Mesh investors have access to the TroyGold Krugerrand (TGLD) token, which offers direct legal ownership of the exact amount of physical gold purchased, from as little as R50.

“Gold is a timeless asset,” Nalla told the Mesh Pro Club audience. “Since ancient times it has embodied all the critical elements of being a medium of exchange. It is durable. It is fungible. It can be denominated in smaller quantities, and it’s easy to exchange.”

Nalla looked at the history of gold, from the earliest Roman aureus coins, through the formation of the Bank of England in 1684 (built on a gold-backed currency) to the 1944 Bretton Woods Agreement which pegged global currencies to the gold-backed US dollar, and on to 1971 when US President Richard Nixon ended the gold standard.

“Recently, central banks – led by China and Russia – have been increasing their gold reserves as a hedge against geopolitical risks,” he said. “Asian central banks have also rapidly started accumulating gold reserves – so much so, that in 2024 gold surpassed $2 000 to the ounce. It then reaffirmed its role as a hedge against inflation. Gold tends to do well when inflation runs hot.”

It’s also a valuable currency hedge for South Africans. Among the charts Nalla shared in his presentation was one that showed the Rand’s currency depreciation superimposed over the Dollar return of gold. “That has translated into roughly a 15% compound annual growth rate in Rand terms,” he said. “That’s almost a 1900-times growth since 1971.”

A large part of gold’s glittering allure lies in its finite supply, Nalla said. “On this call, we’ll have blockchain-native people who love cryptocurrencies, and who will tell you that Bitcoin is fantastic because its supply is limited. But people who love gold will tell you the same thing about gold,” he said. Nalla then shared a slide showing all the gold that has ever been mined.

“If you were to take all that gold and put it into a single cube that weighed a ton, it would be only slightly larger than a football field,” he said. “It would be a very dense cube, but it would only be 22 metres in dimension. That’s pretty small. Then if you total up the known gold reserves that mining and exploration companies have identified below the ground, as well as the unproven resources or resources that are too deep to extract in an economically feasible way, the total would still be less than all of the gold that’s already been dug up. This tells you that most of our resources have been mined – and that’s contributing toward that finite gold supply.”

From 11 to 25 March 2025, registered Mesh investors will be able to purchase their own physical gold, in the form of the TroyGold Krugerrand (TGLD) token. Investors who buy the 1oz TroyGold Krugerrand tokens outright, or those who accumulate their fractional investments over time to the equivalent weight of 1oz, can redeem their tokens and arrange with TroyGold for secure delivery of their Krugerrand coins to their homes.

• Invest in the TroyGold Krugerrand (TGLD) token between 11 and 25 March 2025.