Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Oregonduckon Jun 04, 2017 11:07pm
252 Views
Post# 26323035

You Can't Fool the Market for Long

You Can't Fool the Market for LongXAU's stock is flat-lining and acting poorly, and could hit an air pocket after earnings release date. Please fasten your seat belts.

Here are the reasons:

(1) Goodmoney or Bitgold is cleverly promoted as a crytocurrency and a FinTech company. It is not BitCoin or true crytocurrencies. There is Anthem for gold bitshares. The original stock Loma Vista - which went for 1-for-1 merger with Bitgold - was owned by Sebag & Crumb & listed on the Canadian Securities Exchange (CSE). CSE is the morgue for dormant, shell ccompanies waiting for what I would call, "the Invasion of Body Snatchers", for promoters wishing to do a reverse takeover of a zombie stock by way of a back-door entry to get on the TSX-V exchange. Plain & simple, Goldmoney is still just a penny stock.

https://www.businessinsider.com/hayek-cryptocurrency-backed-by-gold-2015-5

(2) Bitgold Prepaid MasterCard is exactly like Home Capital - the scandalous Canadian sub-prime Mortgage Co. - with its secured Visa card. No more, no less. Instead of securing by cash with Home Trust Capital, Bitgold's card is secured by their clients' own gold.

(3) Goldmoney holds around $9 million in gold bullion in its own inventory. Lending against gold in their accounts in partnership with UK's LBGT, oops LBT, is like doing a "pawn shop" loan .Goldmoney acts as a "cold storage" for other people's gold. Opening a brick-and mortar gold retail store in Jersey, the Channel Islands, is anathema to the current retailing trend. Who other tax cheats living there will shop for gold in store for their girlfriends?

(4) Goldmoney boasting about being Sharia-compliant is not something anyone would gloat about. Islamic laws or fatwa forbid the making of profits and condone other abuses against women's rights. It might not matter since Goldmoney won't make any profits for a long time and will not be in danger of breaking their laws.

(5) As for Peter Schiff's Euro Pacific, their brokers will be careful to recommend or push their clients to invest in Goldmoney stock as inappropriate to their investment goals and stated objectives due to its speculative nature. Their brokers would be guided by the K-Y-C rules. 

(6) Bitcoin, ethernet and others might be shooting up forming a huge bubble waiting to burst, or the spot gold bullion prices going up or down, but they have no direct impact on Goldmoney which is not tied to the price of gold per se, but masquerating as a FinTech disrupting the banks and fiat currencies. USD, EUR & CNY are still ruling the world.

(7) Finally, 1.3 million accounts is a drop in the bucket in the ecosystem with Goldmoney Network card segment division grossing $121 million for the 9 months ended Dec. 31, 2016 indicating an average of a bit less than $100 per account. Pretty dismal numbers.

(8) Annual results will be out on June 22. We shall see.




Bullboard Posts