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Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Goldmoney Inc. is a Canada-based custodians and traders of precious metals. The Company also owns and operates businesses in jewelry manufacturing and property investment. The Company’s operations and principal activities are conducted through its two wholly owned business segments: a Goldmoney.com and Goldmoney Properties Limited. 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. Goldmoney Properties Limited is a United Kingdom-based entity established to acquire long-life property assets with secure long-term income streams. It owns eight properties totaling 431,025 square feet (GIA). Goldmoney Properties Limited also owns a portfolio of freehold properties known as 'Clarendon Quarter' in Oxford, Oxfordshire, United Kingdom. This portfolio of mixed-use buildings occupies an approximately two-acre site in the heart of Oxford City Center.


TSX:XAU - Post by User

Bullboard Posts
Post by BlueBullzeron Mar 01, 2016 3:21pm
155 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