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Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Goldmoney Inc. is Canada-based company with focus on the real economy. The Company, through its ownership of various operating subsidiaries, is engaged in precious metal sales to its clients, including arranging of precious metals trading to its clients, including arranging for custody and storage of precious metals for its clients. The Company’s segments include Goldmoney.com, SchiffGold, and Goldmoney Properties. Its Goldmoney.com is an online platform that provides clients with access to their Holding to purchase and sell physical precious metals and arrange for their custody and storage. Its Schiff Gold LLC is a United States-based dealer in precious metals that offers to its clients the purchase and sale of physical precious metals in the form of bars, coins, and wafers with direct-to-client delivery. Its Goldmoney Properties Limited is a United Kingdom-based company that acquires institutional grade property assets with inflation-protected cash flows.


TSX:XAU - Post by User

Bullboard Posts
Post by cavedweller54on Jul 06, 2015 12:49pm
151 Views
Post# 23894997

Gold is no good as a currency.

Gold is no good as a currency.
Just as there is no point in making buggy whips anymore. Running shoes are pretty popular these days. Paper is pretty cheap so it's alright for currency. Especially the new stuff it's so wear resistant. Trust is the big issue. Who do you think you trust. Make a list, be honest with yourself. There is only one person you always have to live with who you even have a chance of trusting no matter what changes. For everything else you need some kind of insurance. And that insurance has to be cheap so everyone can afford it. Gold as it is valued now is way to expensive to use it as a currency. Currency has to have a material value of zero to have maximum currency value. That's what makes bitcoin a good currency. It just can't work because there's no trust or did you actually find someone else you can trust.
Bullboard Posts