Posts

A Briefer on the People's Small-scale Mining Act of 1991

Image
As we delve into the heart of the GoldX chronicles, it becomes imperative to demystify the legislative framework that governs small-scale mining in our nation. Republic Act No. 7076, better known as the "People's Small-scale Mining Act of 1991," has been the cornerstone of this industry for over three decades. However, as we uncover its intricacies, it's evident that we understand that the law is not without its imperfections. Declaration of Policy Enacted on June 27, 1991, the law's noble purpose is to promote, develop, protect, and rationalize viable small-scale mining activities. The overarching goals are clear—generate employment, ensure equitable wealth distribution, and respect existing rights. The People's Small-scale Mining Program Central to the act is the People's Small-scale Mining Program, addressing social, economic, technical, and environmental challenges. It encompasses the identification of mining areas, recognition of existing righ...
Post a Comment
Read more

As We Navigated the Evolution of the GoldX Business Model

Image
This is the story of the business model evolution of GoldX.  I'm deeply honored to share the story of how our initial vision, a mere concept of a gold trading business, blossomed into a social innovation model. for a gold trading business model evolved into a social innovation model. This transformation was not happenstance as it was crafted meticulously through intensive data collection and rigorous qualitative research analysis. Guided by the invaluable mentorship from our esteemed professors at the Asian Institute of Management (AIM), we embraced startup frameworks that infused life into business model design. The Compassionate Gold Model: A Heartfelt Initiative BAN Toxic's Executive Director Rey San Juan in the launching of 'Compassionate Gold' line of fashion jewelery and business model during the Philippine Fashion Week on 23 November 2018in Makati City, Philippines. The initial framework, dubbed the "Compassionate Gold" Model, aimed at fortifying et...
Post a Comment
Read more

South Korea's “Love of Nation” Gold Collection

Image
I had once heard of a story where a nation's unity and resilience were forged by gold. Never did I imagine that I would find myself amidst a similar awe-inspiring endeavor, one that holds the promise of transforming my own country through our startup company - GoldX. It was during my immersive stay as a postdoctoral research fellow in Yonsei University School of Medicine, South Korea in 2008 that afforded me a profound insight into the unwavering spirit of the Korean people. Despite being almost a decade removed from the devastating 1997 East Asian Financial Crisis, the stories recounted by my Korean colleagues resonated deeply within me. They spoke of rallying together in love for their homeland in the face of a financial crisis.   To comprehend the magnitude of this unity, one must delve into the depths of the 1997 East Asian Financial Crisis, which originated in Thailand and reverberated through neighboring economies like South Korea, Indonesia, and Thailand. These nations, ...
Post a Comment
Read more

Our First Transaction, Our First Bold Step

Image
Have you ever wondered if a small step could pave the way for a remarkable upturn in the gold reserves of the Philippines? The answer might just be "yes." The Philippines, often called the “Pearl of the Orient”, is also a nation glittering with gold, its soil steeped with the promise of Solomonic wealth. Our country proudly stands as the fifth most mineralized in the world, boasting an estimated US$1 trillion in untapped reserves of copper, gold, nickel, zinc, and silver. This vast wealth holds the power to reshape history and elevate the lives of every Filipino, promising a future brimming with prosperity and opportunity. Despite the immense challenge posed by undocumented gold production that finds its way into foreign soils, the World Gold Council reports that the Philippines holds a top rank as being the 20th biggest gold producer in the world in 2022 with an impressive 29.04 thousand kilograms of gold produced. Needless to say, our nation holds immense potential for furt...
Post a Comment
Read more