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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 BlueBullzeron Mar 01, 2016 3:21pm
152 Views
Post# 24610157

Continued Growth = Viability

Continued Growth = Viability
There were a alot of nay sayers back when the original model of the 1% transaction fee came out.  If you look at the KPIs for this month though then you surely can't help but notice that the 1% translates into 613k in revenue.  Over half a million in just a month for that 1% transaction fee model.  Now we are getting very close to that 1 million user mark, and I highly doubt there are many fin-tech companies out there showing this kind of revenue and growth with a similar business model.  I believe the money-transfer between users is going to be the backbone of this company.  Bitgold offers the fairest price for people trying to move money around the globe, and once we hit that 1 million user mark people are really going to take notice.  Once the company has a larger following they will be able to reduce advertising costs, and turning a profit will be a cakewalk.  GLTA
Bullboard Posts