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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

Comment by prophetoffactzon Dec 24, 2023 10:31am
175 Views
Post# 35799665

RE:RE:3rd property bought.

RE:RE:3rd property bought.
Brioche wrote: Perplexity ? The PR mentions the precedent owners ABRDN & Phoenix bought the 2 buildings in 2019 for £ 47.4 . And just 4 years later Roy pays £ 26.5 the same property. ( almost 50%)
Is it possible such a difference / depreciation there ? 
Either this is the bargain of the decade or there is something mysterious ? Comments appreciated thx.



2019 was before COVID hit. Brexit may also be a factor. There has also been the increase in interest rates.

Bing, 

I’m sorry, I couldn’t find any specific information on the price drop of office buildings in Gloucestershire, United Kingdom since 2019. However, according to a report by Statista, the commercial real estate sector in the United Kingdom has faced a number of challenges in recent years, starting with the UK’s decision to leave the European Union in 2016, moving forward with several years of lengthy negotiations, and culminating with the coronavirus (COVID-19) crisis that paralyzed the world economy in 20201The report also states that the commercial real estate sector is closely connected to the overall economic performance of the country1
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