RE:What Happened to Good-old Synergy ?GoldMoney doesn't rely on "storage fees" for profits - unless maybe you think Brinks, Viamat, G4S and Malca-Amit are happy to store GoldMoney's clients' metal for nothing. They make their profits from transaction fees, like every other bullion dealer. And they aren't domiciled in the Isle of Man, which by the way is no where near the Channel Islands, but in Jersey, which (unlike Man) is an international entity separate from the UK. I'm sure you will say, "What difference does that make?", but the point is your failure to get even simple facts straight casts doubt on the more opinionated aspects of your numerous posts.
According to other more knowledgable posters here, BitGold is near to (or perhaps already making) a small profit, which is actually quite remarkable considering the startup costs they must be dealing with. Digitally-based enterprises cannot usually be expected to be turning a profit until their systems and customer base are well-established and their biggest capital expenditures are behind them, after which maintenance costs become almost negligible. That, after all, is the beauty of the business model.
I'm not as bullish on the combined company's prospects as a lot of posters here, but I think is absurdly premature to claim that BitGold "cannot be profitable." And there are many ways in which the combined entity can benefit from synergy.
The statements about keeping the two parts "separate" is in response to many GoldMoney clients' initial concerns about their vaulted metal becoming mingled with BitGold deposits, or possibly even being used to bail out BitGold if it gets into financial difficulty. Managements' reassurance that this will not ever happen may not satisfy everyone, but it must be satisfying most, because AFAIK GoldMoney did not experience any sizable loss of customers following the merger.
I agree that GoldMoney probably got more out of the deal than BitGold, and least initially. But these guys aren't dumb and they sure as hell aren't a charity. They obviously anticipate synergies that you - and maybe most of us - can't yet see. And even if they are wrong, I don't see any big harm in the experiment. I certainly wouldn't put more than a small, speculative portion of my portfolio in the stock. But if you are going to invest in a company like GoldMoney, you have to be something of a visionary yourself or else you will miss the whole poiint of what they are trying to create.