Goldmoney Inc T.XAU

Alternate Symbol(s): XAUMF

Consumer Cyclical Specialty Retail

Goldmoney Inc. is a Canada-based company, which specializes in the investment and custody of enduring real assets. Through its subsidiaries, the Company offers precious metals trading services to clients, including secure custody and storage solutions. It also maintains diversified interests in property investment and jewelry manufacturing. The Company’s segments include Goldmoney.com, and Goldmoney Properties Limited. The Goldmoney.com segment 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. Goldmoney Properties Limited owns six properties totaling 423,087 square feet (GIA) with annual contracted net rental income of £6.8 million ($11.8 million). Its subsidiaries include Goldmoney BVI Inc., Goldmoney Vault Inc., and others.

TSX:XAU - Post by User

Goldmoney Inc

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Comment by GrandpaBrianon Jul 06, 2016 2:07pm

97 Views

Post# 25028377

RE:RE:RE:RE:Bigger Competitor Going Public

Have to agree with you MomentumMan. GBI website raises more questions than it answers.

Are they planning to do an IPO in Canada or in the USA?
How much money have they raised to date and what do they have to show for it?

If they are much bigger than XAU, then I assume they have at least $3 billion in customer assets.

Is that so?

What record do they have in building technologically sophisticated platforms?
These are just some of the questions that need to be addressed before one can form any informed opinion.

Of course any group of entrepreneurs are free to try their hand at earning a place in the precious metals market. I wish them luck.

But it will take a lot more than luck to overtake Goldmoney's position of leadership.

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